KLX Energy Services Q2 revenue rises 16% on Wolf Pack acquisition

KLXE•2026-08-10

KLX expects Q3 revenue between $176 mln and $188 mln
Company sees margins continuing to increase as activity builds
KLX forecasts mid-single-digit sequential growth in the base business, excluding Wolf Pack

U.S. oilfield services provider's Q2 revenue rose 16% sequentially to $167 mln
Adjusted EBITDA for Q2 increased 68% from the prior quarter to $19 mln
Company closed the Wolf Pack Rentals acquisition, raising the synergy estimate to $2.5 mln

Higher activity levels — Company said increased activity and better absorption of cost structure drove sequential revenue and margin growth
Wolf Pack acquisition — Wolf Pack Rentals contributed to revenue and provided a bargain purchase gain, with integration proceeding swiftly and the synergy estimate raised
Base business outperformance — Excluding Wolf Pack, base business revenue grew more than 13% sequentially, outpacing the 5.8% increase in U.S. land rig count

Metric	Beat/Miss	Actual	Consensus Estimate
Q2 Revenue	Slight Miss*	$167.30 mln	$167.50 mln (1 Analyst)
Q2 Adjusted Net Loss	Beat	$13.20 mln	$16.90 mln (1 Analyst)
Q2 Net Loss		$8.40 mln
Q2 Adjusted EBITDA	Beat	$18.70 mln	$18.50 mln (1 Analyst)
Q2 Adjusted EBITDA Margin		11.20%

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