KLX Energy Services FY26 Q1 net loss narrows to $24 million; revenue falls 6% to $145 million

• KLX Energy Services posted first-quarter revenue of $145 million, down 6% year over year, while net loss narrowed to $24 million.
• Adjusted EBITDA fell to $11.1 million from $13.8 million a year earlier, with margin slipping 1.3 percentage points to 7.7%.
• Northeast/Mid-Con revenue climbed 28% to $52.5 million, offset by declines in Rocky Mountains and Southwest, where revenue dropped 19.2% to $38.6 million and 17.8% to $53.6 million.
• Total liquidity stood at $48 million, including $6 million of cash and $42 million of borrowing capacity under the March 2026 ABL Facility borrowing base certificate, inclusive of undrawn FILO capacity.
• CEO Chris Baker said more than $5 million of late-quarter activity shifted into second quarter due to winter storm Fern and customer delays, with outlook calling for second-quarter revenue of $162 million to $172 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. KLX Energy Services Holdings Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001738827-26-000019), on May 12, 2026, and is solely responsible for the information contained therein.