The Q1 miss on revenue is concerning, but the Q2 guidance implies a strong sequential recovery. Traders should watch for Q2 results due in August to confirm the ramp and margin expansion. The stock may trade on oil price direction and execution against guidance.
Price Chart
Executive Summary
KLX Energy Services filed an updated investor presentation reiterating Q1 2026 results (revenue $144.7M, down 6% YoY; net loss $(24)M; Adjusted EBITDA $11.1M) and Q2 2026 revenue guidance of $162M-$172M. The filing is a routine update of previously disclosed information, with no new material financial data. The Q1 revenue miss (-13.6% vs consensus) is offset by a modest adjusted EPS beat and optimistic Q2 guidance, creating a mixed picture.
Key Financial Metrics
Key Facts
- Q1 2026 revenue $144.7M, down 6% YoY from $154M
- Net loss $(24)M, diluted EPS $(1.23) (GAAP); adjusted diluted EPS $(1.18) (Street)
- Adjusted EBITDA $11.1M, margin 7.7% vs 9.0% a year ago
- Q2 2026 revenue guidance $162M-$172M (midpoint $167M), implying 12-19% sequential growth
- Total debt $276M, net debt $270M, liquidity $48M
- WolfPack acquisition completed for $17M with $2M+ projected fixed cost synergies
Financial Impact
Q1 revenue missed consensus by ~13.6% ($144.7M vs $167.5M), but adjusted EPS beat by ~7% ($(1.18) vs $(1.27)). Q2 guidance midpoint of $167M suggests a 15% sequential revenue rebound.
Risk Factors
- Oil and gas price volatility could reduce customer activity
- High net debt ($270M) vs market cap ($53M) creates financial fragility
- Q1 revenue miss suggests demand weakness that may persist
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001738827-26-000025 |
| Document: klxe-20260630.htm | 0001738827-26-000025 |
| Document: 0001738827-26-000025-index-headers.html | 0001738827-26-000025 |
| Document: 0001738827-26-000025-index.html | 0001738827-26-000025 |
| Document: 0001738827-26-000025.txt | 0001738827-26-000025 |
| 8-K Data (Synthetic) | 0001738827-26-000025 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 9, 2026 17d ago | 3 | $1.30 $1.27 | ▼ −2.31% | ▼ −0.81% | $1.14 (−12.31%) |
Oct 9, 2026 17d ago | 3 | $1.32 $1.32 | · 0.00% | ▲ +1.97% | $1.14 (−13.64%) |
Oct 6, 2026 19d ago | SC 13D | $1.30 $1.31 | ▲ +0.77% | ▲ +1.75% | $1.14 (−12.31%) |
Oct 6, 2026 20d ago | SC 13D | $1.30 $1.31 | ▲ +0.77% | ▲ +1.75% | $1.14 (−12.31%) |
Sep 30, 2026 26d ago | 8-K | $1.41 $1.26 | ▼ −10.64% | ▼ −11.94% | $1.14 (−19.15%) |
Sep 25, 2026 4w ago | 8-K | $1.52 $1.37 | ▼ −9.87% | ▼ −11.07% | $1.14 (−25.00%) |
Sep 25, 2026 4w ago | Press Release | $1.52 $1.37 | ▼ −9.87% | ▼ −11.07% | $1.14 (−25.00%) |
Sep 24, 2026 4w ago | 25-NSE | $1.47 $1.41 | ▲ +4.08% | ▲ +3.67% | $1.14 (+22.45%) |
Sep 23, 2026 4w ago | 8-K | $1.47 $1.41 | ▲ +4.08% | ▲ +3.67% | $1.14 (+22.45%) |
Sep 18, 2026 5w ago | 8-K | $1.52 $1.61 | ▲ +5.92% | ▲ +4.65% | $1.14 (−25.00%) |
US Market Status
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