KLX Energy Services Updates Third Quarter 2026 Guidance

KLX Energy Services Holdings, Inc. announced an update to its third quarter 2026 financial guidance. The company now projects revenue between $180 million and $185 million, representing a sequential improvement of approximately 9% over the second quarter of 2026. This narrows the previously issued revenue range.

Additionally, KLX Energy Services provided its first-time guidance for the third quarter adjusted EBITDA margin, estimating it to be between 13% and 14%. This range indicates an approximate 200 basis point improvement compared to the second quarter of 2026. The company stated these updated ranges reflect its current performance and the impact of strategic actions.

KLX Energy Services, a provider of oilfield services in the United States, is benefiting from a full quarter's contribution from its recent Wolf Pack acquisition. The company reports it is on track to achieve its previously announced $2.5 million annual synergy target from this acquisition.

The company also confirmed the conclusion of its $125 million equity rights offering, intended to deleverage the balance sheet and support its growth strategy. KLX Energy Services believes these steps will strengthen its financial position and enable future growth investments, both organic and through potential acquisitions.