Filing Flows › KLX Energy Services Holdings (KLXE) › Q1 2026
KLX Energy Services Holdings (KLXE) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 13, 2026
KLX Energy Services Holdings (KLXE) reported revenue of $145M for the first quarter 2026 (Q1 2026), -6% from a year earlier and -8% from the quarter before. Operating margin was -8.4%, net loss $24.0M (16.6% of revenue).
KLX Energy Services Holdings, Q1 2026: revenue $145M (-6% year over year), operating margin -8.4%, net loss $24.0M, operating cash flow $300K. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $145M | -8% | -6% |
| Operating profit | −$12.1M | — | — |
| Net earnings | −$24.0M | — | — |
| Operating cash flow | $300K | -98% | — |
What changed
Revenue was $144.7M in Q1 2026, down 6% year over year and down 8% from the previous quarter. Completion was the largest line at 54% of revenue. Production lost $3.8M year over year (down 14%), 41% of the total change.
Operating costs exceeded revenue by $12.1M, an operating margin of -8.4%. Total costs fell 8% while revenue fell 6%. The quarter ended with a net loss of $24.0M, wider than the previous quarter's $15.0M loss.
Operating cash flow was $300K. Non-cash charges added back $21.9M of depreciation and amortization and $300K of share-based compensation. Working capital and other items added $2.1M. Capital expenditures of $8.7M exceeded it, leaving free cash flow of −$8.4M.
Questions
What was KLX Energy Services Holdings' revenue in the first quarter 2026?
KLX Energy Services Holdings (KLXE) reported revenue of $145M for the first quarter 2026 (Q1 2026), -6% from a year earlier and -8% from the quarter before.
Was KLX Energy Services Holdings profitable in the first quarter 2026?
Operating loss was $12.1M (-8.4% of revenue) and net loss $24.0M.