KLX Energy Services Q2 FY26 net loss narrows 65% to USD 8 million; revenue rises 16% to USD 167 million
KLXE•Q2 revenue and profitability improve
KLX Energy Services posted Q2 2026 revenue of USD 167 million, up 16% from Q1 2026.
Net loss narrowed to USD 8 million; diluted loss per share improved to USD 0.41 from Q1 2026.
Non-GAAP adjusted EBITDA climbed 68% to USD 19 million, lifting adjusted EBITDA margin to 11% from 7.7%.
Wolf Pack acquisition and Q3 outlook
The company closed the Wolf Pack Rentals acquisition on June 2, recording a USD 6.5 million bargain purchase gain; Wolf Pack added USD 3.4 million of June revenue.
KLX Energy Services forecasts Q3 revenue of USD 176 million to USD 188 million and expects margins to keep rising as activity builds.
