KLX Energy Services Reports Q3 Revenue of $185.6 Million, Guides Q4
Third-quarter revenue rose 11% sequentially to $185.6 million. Adjusted EBITDA was $24.9 million, while the company reported a $15.5 million net loss. KLX said a rights offering reduced debt by about $100 million and forecast fourth-quarter revenue of $172 million to $184 million.
KLX Energy Services Holdings, Inc. reported third-quarter 2026 revenue of $185.6 million, representing an 11% sequential increase. The company achieved an Adjusted EBITDA of $24.9 million, up from $18.7 million in the second quarter, with an Adjusted EBITDA margin of 13.4%. Despite these operational improvements, the company reported a net loss of $15.5 million for the quarter, compared to a $8.4 million loss in the previous quarter.
Management noted that a rights offering successfully reduced total debt by approximately $100 million compared to the end of the second quarter. Looking ahead, the company provided fourth-quarter revenue guidance in the range of $172 million to $184 million.