KLX Forecasts Q2 2026 Revenue of $162M to $172M
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 12 2026
0mins
"Looking forward, we continue to see good traction with our larger, blue-chip operators, who are increasingly demanding certified, higher-specification equipment - an area where KLX is well positioned. We are forecasting second quarter 2026 revenue of $162 to $172 million, with a midpoint of $167 million, 5% higher than the second quarter of 2025, and $22 million higher than the first quarter of 2026. We expect solid contributions from the Northeast/Mid-Con and a seasonal rebound in the Rockies, with Southwest gradually improving off of current levels as Permian activity stabilizes. In short, we expect revenue to increase in all three segments, as well as nearly every product service line, in the second quarter of 2026. The mix of Drilling vs. Completion vs. Production & Intervention services will still lean unfavorable on a historical basis but is trending back to normal. We expect Adjusted EBITDA margin to expand sequentially, driven by higher activity and better overhead absorption," concluded CEO Baker.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy KLXE?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on KLXE
About KLXE
KLX Energy Services Holdings, Inc. is a provider of diversified oilfield services to onshore oil and natural gas exploration and production companies operating in both conventional and unconventional plays in all of the active basins throughout the United States. It operates in three segments: the Southwest Region (the Permian Basin and Eagle Ford Shale), the Rocky Mountains Region (the Bakken, Williston, DJ, Uinta, Powder River, Piceance, and Niobrara basins) and the Northeast/Mid-Con Region (the Marcellus and Utica Shale as well as the Mid-Continent STACK and SCOOP and Haynesville). Its primary services include directional drilling, coiled tubing, hydraulic frac rentals, fishing, pressure control, wireline, rig-assisted snubbing, fluid pumping, flowback, testing, pressure pumping, and well control services. Its primary rentals and products include hydraulic fracturing stacks, blow out preventers, tubulars, downhole tools, dissolvable plugs, composite plugs, and accommodation units.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
KLX Energy Acquires Wolfpack Rentals for $17 Million
- Acquisition Overview: KLX Energy Services Holdings has acquired Wolfpack Rentals LLC for $17 million, which includes $14 million payable at closing and two deferred payments of $1.5 million each, expected to enhance profitability immediately.
- Financial Performance Insight: Wolfpack generated $38.2 million in revenue and $5.8 million in adjusted EBITDA in 2025, demonstrating a strong market position in the oil and gas sector, providing a solid foundation for KLX's growth.
- Cost Synergy Expectations: KLX anticipates that the acquisition will yield over $2 million in annual cost synergies, enhancing overall profitability through resource integration and operational optimization.
- Regional Operational Network: Wolfpack operates eight facilities across South Texas, West Texas, East Texas, and the U.S. Northeast, covering major U.S. land basins, which strengthens KLX's service capabilities in these key markets.
See More
KLX Acquires Wolfpack for $17 Million, Adding $38.2 Million Revenue
- Acquisition Overview: KLX Energy Services has acquired Wolfpack Rentals for $17 million, which reported $38.2 million in revenue for 2025, and this acquisition is expected to enhance KLX's financial metrics immediately, strengthening its market competitiveness.
- Synergy Expectations: KLX anticipates achieving over $2 million in annual synergies through the integration of Wolfpack's operations, which will enhance service and product offerings, meet customer demands, and expand market share.
- Operational Reach: Wolfpack operates eight facilities across Texas and the Northeast, providing comprehensive surface rental solutions, including 350 accommodation trailers and 14 proprietary water filtration systems, thereby enhancing KLX's service capabilities in major U.S. land basins.
- Leadership Integration: Wolfpack's CEO, Stewart Cooper, will join KLX to assist with integration and drive continued growth, indicating KLX's commitment to future development and enhancing its customer service capabilities.
See More
KLX Acquires Wolfpack for $17 Million, Enhancing Revenue Stream
- Transaction Overview: KLX has acquired Wolfpack Rentals for $17 million, structured with $14 million upfront and two deferred payments of $1.5 million each, which is expected to enhance KLX's financial metrics and competitive position immediately.
- Financial Performance Boost: Wolfpack is projected to generate $38.2 million in revenue and $5.8 million in Adjusted EBITDA for 2025, with anticipated annual synergies exceeding $2 million post-acquisition, further driving KLX's profitability.
- Asset Base Advantage: Wolfpack's assets include approximately 350 accommodations trailers and 14 proprietary water filtration systems, providing exclusive North American oil and gas IP rights, which enhance KLX's service capabilities and market share in the oil and gas sector.
- Integration and Growth Strategy: Stewart Cooper, CEO of Wolfpack, will join KLX to assist with integration and drive growth, with the expected synergies improving customer service quality and solidifying KLX's market position across major U.S. land basins.
See More
KLX Energy Services Q1 2026 Earnings Call Insights
- Seasonal Low Point: KLX Energy Services reported Q1 2026 revenue of $145 million and adjusted EBITDA of $11.1 million, with a net loss of approximately $24 million, reflecting customer budget resets and disruptions from winter storm impacts, indicating vulnerability amid seasonal fluctuations.
- Regional Performance Disparity: Despite an overall revenue decline, the Northeast/Mid-Con segment saw a 28% year-over-year revenue increase to $52.5 million, with adjusted EBITDA nearing $3 million, suggesting strong gas business performance in this region may support future recovery for the company.
- Cost Control Effectiveness: SG&A expenses were $15.4 million, down about 29% year-over-year, reflecting successful structural cost control measures implemented over the past several quarters, which, despite poor overall financial performance, may lay the groundwork for future profitability.
- Outlook Forecast: Management anticipates Q2 revenue between $162 million and $172 million, expecting growth across all three business segments and an expansion in adjusted EBITDA margins driven by increased activity and improved overhead absorption, although uncertainties related to commodity price volatility and labor availability remain a concern.
See More
KLX Energy Services Reports Q1 Earnings Miss
- Earnings Miss: KLX Energy Services reported a Q1 GAAP EPS of -$1.23, missing estimates by $0.44, indicating significant challenges in profitability that could undermine investor confidence.
- Revenue Decline: The company generated $144.7 million in revenue for Q1, a 5.8% year-over-year decrease, falling short of the expected $161.7 million, reflecting weak market demand and competitive pressures.
- Adjusted EBITDA Performance: Adjusted EBITDA was approximately $11.1 million, with an EBITDA margin of about 8%, consistent with the mid-to-high single-digit margin range delivered in recent years, showcasing efforts in cost management.
- Increased Net Loss: The net loss margin stood at 17%, indicating severe impacts on profitability in the current economic environment, suggesting the need for strategic adjustments to improve financial health.
See More
KLX Energy Services Reports Q1 2026 Financial Results
- Revenue Performance: Q1 2026 revenue totaled $144.7 million, down 6% year-over-year, primarily due to winter storm disruptions and customer delays pushing over $5 million in revenue to Q2, indicating direct impacts of market volatility on company performance.
- Adjusted EBITDA: The first quarter's adjusted EBITDA was approximately $11.1 million, with an adjusted EBITDA margin of about 7.7%, broadly consistent with the mid-to-high single-digit margins achieved in recent years, reflecting ongoing efforts in cost management.
- Net Loss Overview: The net loss for Q1 2026 was $24.0 million, an improvement from the $27.9 million loss in the same quarter last year, although the adjusted net loss was $23.0 million, highlighting challenges in restoring profitability.
- Future Outlook: The company forecasts Q2 2026 revenue between $162 million and $172 million, representing a $22 million increase from Q1, suggesting a gradual recovery in activity across key markets and sustained demand for higher-specification equipment.
See More
KLX Energy Acquires Wolfpack Rentals for $17 Million
- Acquisition Overview: KLX Energy Services Holdings has acquired Wolfpack Rentals LLC for $17 million, which includes $14 million payable at closing and two deferred payments of $1.5 million each, expected to enhance profitability immediately.
- Financial Performance Insight: Wolfpack generated $38.2 million in revenue and $5.8 million in adjusted EBITDA in 2025, demonstrating a strong market position in the oil and gas sector, providing a solid foundation for KLX's growth.
- Cost Synergy Expectations: KLX anticipates that the acquisition will yield over $2 million in annual cost synergies, enhancing overall profitability through resource integration and operational optimization.
- Regional Operational Network: Wolfpack operates eight facilities across South Texas, West Texas, East Texas, and the U.S. Northeast, covering major U.S. land basins, which strengthens KLX's service capabilities in these key markets.
See More
KLX Acquires Wolfpack for $17 Million, Adding $38.2 Million Revenue
- Acquisition Overview: KLX Energy Services has acquired Wolfpack Rentals for $17 million, which reported $38.2 million in revenue for 2025, and this acquisition is expected to enhance KLX's financial metrics immediately, strengthening its market competitiveness.
- Synergy Expectations: KLX anticipates achieving over $2 million in annual synergies through the integration of Wolfpack's operations, which will enhance service and product offerings, meet customer demands, and expand market share.
- Operational Reach: Wolfpack operates eight facilities across Texas and the Northeast, providing comprehensive surface rental solutions, including 350 accommodation trailers and 14 proprietary water filtration systems, thereby enhancing KLX's service capabilities in major U.S. land basins.
- Leadership Integration: Wolfpack's CEO, Stewart Cooper, will join KLX to assist with integration and drive continued growth, indicating KLX's commitment to future development and enhancing its customer service capabilities.
See More
KLX Acquires Wolfpack for $17 Million, Enhancing Revenue Stream
- Transaction Overview: KLX has acquired Wolfpack Rentals for $17 million, structured with $14 million upfront and two deferred payments of $1.5 million each, which is expected to enhance KLX's financial metrics and competitive position immediately.
- Financial Performance Boost: Wolfpack is projected to generate $38.2 million in revenue and $5.8 million in Adjusted EBITDA for 2025, with anticipated annual synergies exceeding $2 million post-acquisition, further driving KLX's profitability.
- Asset Base Advantage: Wolfpack's assets include approximately 350 accommodations trailers and 14 proprietary water filtration systems, providing exclusive North American oil and gas IP rights, which enhance KLX's service capabilities and market share in the oil and gas sector.
- Integration and Growth Strategy: Stewart Cooper, CEO of Wolfpack, will join KLX to assist with integration and drive growth, with the expected synergies improving customer service quality and solidifying KLX's market position across major U.S. land basins.
See More
KLX Energy Services Q1 2026 Earnings Call Insights
- Seasonal Low Point: KLX Energy Services reported Q1 2026 revenue of $145 million and adjusted EBITDA of $11.1 million, with a net loss of approximately $24 million, reflecting customer budget resets and disruptions from winter storm impacts, indicating vulnerability amid seasonal fluctuations.
- Regional Performance Disparity: Despite an overall revenue decline, the Northeast/Mid-Con segment saw a 28% year-over-year revenue increase to $52.5 million, with adjusted EBITDA nearing $3 million, suggesting strong gas business performance in this region may support future recovery for the company.
- Cost Control Effectiveness: SG&A expenses were $15.4 million, down about 29% year-over-year, reflecting successful structural cost control measures implemented over the past several quarters, which, despite poor overall financial performance, may lay the groundwork for future profitability.
- Outlook Forecast: Management anticipates Q2 revenue between $162 million and $172 million, expecting growth across all three business segments and an expansion in adjusted EBITDA margins driven by increased activity and improved overhead absorption, although uncertainties related to commodity price volatility and labor availability remain a concern.
See More
KLX Energy Services Reports Q1 Earnings Miss
- Earnings Miss: KLX Energy Services reported a Q1 GAAP EPS of -$1.23, missing estimates by $0.44, indicating significant challenges in profitability that could undermine investor confidence.
- Revenue Decline: The company generated $144.7 million in revenue for Q1, a 5.8% year-over-year decrease, falling short of the expected $161.7 million, reflecting weak market demand and competitive pressures.
- Adjusted EBITDA Performance: Adjusted EBITDA was approximately $11.1 million, with an EBITDA margin of about 8%, consistent with the mid-to-high single-digit margin range delivered in recent years, showcasing efforts in cost management.
- Increased Net Loss: The net loss margin stood at 17%, indicating severe impacts on profitability in the current economic environment, suggesting the need for strategic adjustments to improve financial health.
See More
KLX Energy Services Reports Q1 2026 Financial Results
- Revenue Performance: Q1 2026 revenue totaled $144.7 million, down 6% year-over-year, primarily due to winter storm disruptions and customer delays pushing over $5 million in revenue to Q2, indicating direct impacts of market volatility on company performance.
- Adjusted EBITDA: The first quarter's adjusted EBITDA was approximately $11.1 million, with an adjusted EBITDA margin of about 7.7%, broadly consistent with the mid-to-high single-digit margins achieved in recent years, reflecting ongoing efforts in cost management.
- Net Loss Overview: The net loss for Q1 2026 was $24.0 million, an improvement from the $27.9 million loss in the same quarter last year, although the adjusted net loss was $23.0 million, highlighting challenges in restoring profitability.
- Future Outlook: The company forecasts Q2 2026 revenue between $162 million and $172 million, representing a $22 million increase from Q1, suggesting a gradual recovery in activity across key markets and sustained demand for higher-specification equipment.
See More
