AI-extracted from the 10-Q filed 2026-08-11 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Q2 revenue of $167.3M up 5.2% YoY as drilling services surged 48% despite Rocky Mountains decline; net loss narrowed to $8.4M from $19.9M YoY.
Biggest Revenue Drivers
Completion$87.5M-1.1% YoY
Largest service line; slight decline offset by growth in other segments
Drilling$38.2M+48.1% YoY
Strong demand from higher activity levels and pricing in Southwest and Northeast/Mid-Con regions
Biggest Revenue Drivers
Total revenue: $167.3M+5.2% YoY
Completion$87.5M-1.1% YoY
Largest service line; slight decline offset by growth in other segments
Drilling$38.2M+48.1% YoY
Strong demand from higher activity levels and pricing in Southwest and Northeast/Mid-Con regions
Production$26.2M-7.4% YoY
Decline due to lower utilization across segments
Intervention$15.4M-6.1% YoY
Weakness across most segments
Largest Expense Items
Cost of sales$130.9M+4.2% YoY
78.2% of revenues; improved leverage despite labor cost increases of 5.7%
Depreciation and amortization$20.8M-12.2% YoY
Lower depreciation from reduced asset base
Selling, general and administrative$19.0M+5.6% YoY
11.4% of revenues; includes Wolf Pack integration and transaction costs
Margins: Operating margin improved to 1.3% from negative 5.5% YoY, driven by higher volume leverage and modest cost control. Gross margin improved to 21.8% from 21.0% YoY, but high interest expense and debt service offset operational gains, keeping net loss at $8.4M.
Watch Items from the Filing
Company pursuing Rights Offering for $125M gross proceeds with $94M note reduction; significant dilution risk if backstop parties exceed 30% ownership cap; offer expires September 23, 2026.
Net leverage ratio covenant relief extended through March 31, 2027 at 4.50x; scheduled step-down to 2.50x by June 2029; company was in compliance at quarter-end but faces tight compliance risk.
Rocky Mountains segment revenue declined 6.1% YoY to $50.8M; Southwest positive but Northeast/Mid-Con driving recovery with 12.8% growth, creating geographic concentration risk.
Wolf Pack acquisition on June 2 added $3.4M revenue in 28 days and $6.5M bargain purchase gain; $1.5M deferred payments due at 180 and 360 days payable in cash or stock.
Accumulated deficit of $671.9M and stockholders' deficit of $102.4M as of June 30, 2026; limited financial flexibility and reliance on debt refinancing for continued operations.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Collins John TDirectorGrant or award · Jan 29, 2026
Mccaffrey Thomas PDirectorGrant or award · Jan 29, 2026
Eliassen Gunnar W.DirectorGrant or award · Jan 29, 2026
Hunter Danielle E.DirectorGrant or award · Jan 29, 2026
Lehner Keefer McGovernReporting ownerDisposition to issuer · Jan 7, 2026
About KLX Energy Services Holdings, Inc. (KLXE): stock profile, AI score and financials
KLX Energy Services Holdings, Inc. (KLXE) stock profile, AI quality score, and SEC EDGAR financial data, a Energy sector company. 13F Pro's AI-powered ranking engine scores KLXE at 27.4/100 on a composite quality score built from its SEC filings, placing it at rank #2,561 of 2,925 stocks — the bottom half of the AI-ranked universe. KLXE scores in the top quartile across institutional flow (80.5). Areas of concern include earnings quality (7.1) and revenue growth (9.2), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q2 2026), KLX Energy Services Holdings, Inc. reports quarterly revenue of $167.3M, net income of $-8.4M, an operating margin of 1.3%. Top institutional holders of KLXE by reported 13-F value include GENDELL JEFFREY L, CastleKnight Management, VANGUARD CAPITAL MANAGEMENT, based on the most recent SEC filings. KLXE trades on the Nasdaq exchange and files with the SEC under CIK 1738827. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate KLXE daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for KLX Energy Services Holdings, Inc. directly from SEC EDGAR.