Q1 2026 KLX Energy Services Holdings Inc Earnings Call Transcript

May 13, 2026 / 02:00 PM GMT

Release Date Price: €3.04 (-7.88%)

Transcript 10-Q8-K

Key Points

Positve

KLX Energy Services Holdings Inc (KLXE) expects Q1 2026 to be the low point for the fiscal year, with improvements anticipated in subsequent quarters.
Revenue per average operating rig increased year-over-year, indicating improved efficiency.
The Northeast Midtime segment showed strong performance with a 28% revenue increase year-over-year and a significant rise in adjusted EBITDA.
KLX Energy Services Holdings Inc (KLXE) is gaining traction with larger blue-chip operators, positioning itself well for future demand.
The company forecasts a sequential revenue increase in Q2 2026, with expected improvements across all segments and product service lines.

Negative

First quarter revenue was at the lower end of the estimated range due to weather disruptions and customer delays.
Adjusted EBITDA margin was about 8%, reflecting typical Q1 headwinds and seasonality.
The company reported a net loss of approximately $24 million for the quarter.
Revenue declined in the Rockies and Southwest segments due to lower activity levels and typical winter seasonality.
Liquidity is expected to slightly reduce in Q2 2026 due to increased working capital needs to support higher activity.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

KLXE.OQ - KLX Energy Services Holdings Inc
Q1 2026 KLX Energy Services Holdings Inc Earnings Call
May 13, 2026 / 02:00PM GMT

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Presentation
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Unidentified_1 [1]
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Greetings, and welcome to the KLX Energy Services First Quarter 2026 Conference Call.

At this time, all participants are in a listen-only mode.

A brief question-and-answer session will follow the formal presentation.

If anyone should require operator assistance during the conference, please press *0 on your telephone keypad.

As a reminder, this conference is being recorded.

It is now my pleasure to introduce your host, Ken Dennard, Investor Relations.

Thank you, sir. You may begin.

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Unidentified_2 [2]
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