This is a routine pro forma filing for an already-closed acquisition — no new financial guidance or operational update. Monitor the next quarterly 10-Q for actual combined results and any purchase price allocation adjustments, which could impact depreciation and goodwill. The deferred consideration payable in stock introduces potential dilution risk, but the anti-dilutive effect on EPS is noted.
Price Chart
Executive Summary
KLX Energy Services filed pro forma financials for its June 2, 2026 acquisition of Wolf Pack Rentals assets for $16.9M. The pro forma combined revenue for H1 2026 was $329.0M, but the combined net loss widened to $40.7M from KLX's standalone loss of $32.4M, driven by acquisition-related adjustments and incremental interest expense. The deal was funded via cash and debt, and a $6.5M bargain purchase gain was recorded, though eliminated in the pro forma as a nonrecurring item.
Key Facts
- KLX completed the Wolf Pack Rentals asset acquisition on June 2, 2026 for $16.9M total consideration.
- Pro forma combined revenue for H1 2026 was $329.0M vs KLX standalone $312.0M.
- Pro forma combined net loss for H1 2026 was $40.7M vs KLX standalone net loss of $32.4M.
- The purchase price included $14.1M cash at close and two deferred payments of $1.5M each (NPV $2.7M), payable in cash or stock at KLX's election.
- A $6.5M bargain purchase gain was recorded but eliminated in the pro forma as a nonrecurring item.
- Incremental interest expense of $0.6M was added for borrowings under the ABL facility and note payable to fund the acquisition.
Financial Impact
Pro forma combined net loss increased by $8.3M (from $32.4M to $40.7M) on a $17.0M revenue addition from Wolf Pack, with $0.6M incremental interest expense and $1.8M tax benefit elimination.
Risk Factors
- Deferred consideration of $2.7M may be paid in stock, causing dilution if KLXE's stock price is low.
- Final purchase price allocation adjustments could materially alter depreciation and bargain purchase gain.
- Pro forma net loss widened, and incremental debt service adds to interest expense burden.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001738827-26-000039 |
| Document: klxe-20260821.htm | 0001738827-26-000039 |
| Document: 0001738827-26-000039-index-headers.html | 0001738827-26-000039 |
| Document: 0001738827-26-000039-index.html | 0001738827-26-000039 |
| Document: 0001738827-26-000039.txt | 0001738827-26-000039 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 9, 2026 16d ago | 3 | $1.30 $1.27 | ▼ −2.31% | ▼ −0.81% | $1.15 (−11.15%) |
Oct 9, 2026 17d ago | 3 | $1.32 $1.32 | · 0.00% | ▲ +1.97% | $1.15 (−12.50%) |
Oct 6, 2026 19d ago | SC 13D | $1.30 $1.31 | ▲ +0.77% | ▲ +1.75% | $1.15 (−11.15%) |
Oct 6, 2026 19d ago | SC 13D | $1.30 $1.31 | ▲ +0.77% | ▲ +1.75% | $1.15 (−11.15%) |
Sep 30, 2026 25d ago | 8-K | $1.41 $1.26 | ▼ −10.64% | ▼ −11.94% | $1.15 (−18.09%) |
Sep 25, 2026 4w ago | 8-K | $1.52 $1.37 | ▼ −9.87% | ▼ −11.07% | $1.15 (−24.01%) |
Sep 25, 2026 4w ago | Press Release | $1.52 $1.37 | ▼ −9.87% | ▼ −11.07% | $1.15 (−24.01%) |
Sep 24, 2026 4w ago | 25-NSE | $1.47 $1.41 | ▲ +4.08% | ▲ +3.67% | $1.15 (+21.43%) |
Sep 23, 2026 4w ago | 8-K | $1.47 $1.41 | ▲ +4.08% | ▲ +3.67% | $1.15 (+21.43%) |
Sep 18, 2026 5w ago | 8-K | $1.52 $1.61 | ▲ +5.92% | ▲ +4.65% | $1.15 (−24.01%) |
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