KLX Forecasts Q2 2026 Revenue of $162M to $172M
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 5 days ago
0mins
Should l Buy KLXE?
"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.
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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 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 Services to Report Q1 2026 Financial Results
- Earnings Report Schedule: KLX Energy Services Holdings, Inc. will announce its Q1 2026 financial results on May 13, 2026, at 10:00 a.m. Eastern Time, ensuring timely access to critical information for investors through a live conference call.
- Participation Details: Investors can join the call by dialing 1-201-389-0867 at least 10 minutes prior to the start or by accessing the webcast at the provided link, facilitating participation from various channels to obtain financial data.
- Replay and Archive: For those unable to attend the live call, a replay will be available until May 27, 2026, ensuring all stakeholders can access financial information and enhancing transparency in communications.
- Company Background: KLX Energy Services focuses on providing diversified oilfield services to leading exploration and production companies across major U.S. basins, supported by over 60 service facilities and skilled personnel to assist in drilling, completion, and production activities for technically demanding wells.
See More
KLX Energy Services to Report Q1 2026 Financial Results
- Earnings Announcement: KLX Energy Services Holdings, Inc. will report its Q1 2026 financial results on May 13, 2026, at 10:00 AM ET, demonstrating the company's commitment to transparency and investor communication.
- Participation Details: Investors can join the conference call by dialing 1-201-389-0867 or accessing the live webcast, ensuring broad investor engagement and information dissemination.
- Replay Availability: For those unable to attend the live call, a replay will be available until May 27, 2026, enhancing the interaction and information flow between the company and its investors.
- Company Overview: KLX is a growth-oriented provider of diversified oilfield services to leading oil and gas exploration and production companies across the U.S., operating over 60 service and support facilities, highlighting its significant industry presence and technical capabilities.
See More
KLX Energy Services Reports Strong Q4 2025 Earnings Amid Market Challenges
- Profitability Boost: KLX Energy Services reported approximately $157 million in revenue and $23 million in adjusted EBITDA for Q4 2025, achieving an adjusted EBITDA margin of 14%, reflecting successful strategies in cost control and asset allocation.
- Regional Performance Disparities: The Northeast Mid-Con segment saw dry gas revenue increase by 5.3% quarter-over-quarter and 44% year-over-year, while the Rockies and Southwest faced challenges due to severe weather and budget exhaustion, although margins in the Southwest improved through optimized product and service mix.
- Cautious Future Outlook: Management anticipates Q1 2026 to be the low point for the year, projecting revenue between $145 million and $150 million, while expecting a rebound in Q2 to the $160 million to $170 million range, indicating confidence in gradual market improvement.
- Capital Expenditure Plans: Total capital expenditures for 2026 are expected to be around $40 million, with net CapEx between $30 million and $35 million, primarily focused on maintenance CapEx, reflecting a cautious investment strategy in an uncertain market environment.
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 Services to Report Q1 2026 Financial Results
- Earnings Report Schedule: KLX Energy Services Holdings, Inc. will announce its Q1 2026 financial results on May 13, 2026, at 10:00 a.m. Eastern Time, ensuring timely access to critical information for investors through a live conference call.
- Participation Details: Investors can join the call by dialing 1-201-389-0867 at least 10 minutes prior to the start or by accessing the webcast at the provided link, facilitating participation from various channels to obtain financial data.
- Replay and Archive: For those unable to attend the live call, a replay will be available until May 27, 2026, ensuring all stakeholders can access financial information and enhancing transparency in communications.
- Company Background: KLX Energy Services focuses on providing diversified oilfield services to leading exploration and production companies across major U.S. basins, supported by over 60 service facilities and skilled personnel to assist in drilling, completion, and production activities for technically demanding wells.
See More
KLX Energy Services to Report Q1 2026 Financial Results
- Earnings Announcement: KLX Energy Services Holdings, Inc. will report its Q1 2026 financial results on May 13, 2026, at 10:00 AM ET, demonstrating the company's commitment to transparency and investor communication.
- Participation Details: Investors can join the conference call by dialing 1-201-389-0867 or accessing the live webcast, ensuring broad investor engagement and information dissemination.
- Replay Availability: For those unable to attend the live call, a replay will be available until May 27, 2026, enhancing the interaction and information flow between the company and its investors.
- Company Overview: KLX is a growth-oriented provider of diversified oilfield services to leading oil and gas exploration and production companies across the U.S., operating over 60 service and support facilities, highlighting its significant industry presence and technical capabilities.
See More
KLX Energy Services Reports Strong Q4 2025 Earnings Amid Market Challenges
- Profitability Boost: KLX Energy Services reported approximately $157 million in revenue and $23 million in adjusted EBITDA for Q4 2025, achieving an adjusted EBITDA margin of 14%, reflecting successful strategies in cost control and asset allocation.
- Regional Performance Disparities: The Northeast Mid-Con segment saw dry gas revenue increase by 5.3% quarter-over-quarter and 44% year-over-year, while the Rockies and Southwest faced challenges due to severe weather and budget exhaustion, although margins in the Southwest improved through optimized product and service mix.
- Cautious Future Outlook: Management anticipates Q1 2026 to be the low point for the year, projecting revenue between $145 million and $150 million, while expecting a rebound in Q2 to the $160 million to $170 million range, indicating confidence in gradual market improvement.
- Capital Expenditure Plans: Total capital expenditures for 2026 are expected to be around $40 million, with net CapEx between $30 million and $35 million, primarily focused on maintenance CapEx, reflecting a cautious investment strategy in an uncertain market environment.
See More
