Filing Flows › KLX Energy Services Holdings (KLXE) › Q2 2026 › vs Q1 2026
KLX Energy Services Holdings (KLXE) Q2 2026 vs Q1 2026 (quarter over quarter)
KLX Energy Services Holdings's revenue rose $22.6M (+16%) from $145M in Q1 2026 to $167M in Q2 2026. The biggest changes: Completion +$9.5M (+12%); Drilling +$9.3M (+32%); Production +$2.3M (+10%).
KLX Energy Services Holdings, Q2 2026: revenue $167M (+5% year over year), operating margin 1.3%, net loss $8.4M, operating cash flow $10.5M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Free cash flow margin | 1.1% | -5.8% | +6.9 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Completion | $87.5M | $78.0M | $9.5M | +12% |
| Drilling | $38.2M | $28.9M | $9.3M | +32% |
| Production | $26.2M | $23.9M | $2.3M | +10% |
| Intervention | $15.4M | $13.9M | $1.5M | +11% |
| Revenue | $167M | $145M | $22.6M | +16% |
| Income tax benefit | $1.7M | −$200K | $1.9M | — |
| Net loss | $8.4M | $24.0M | −$15.6M | -65% |
| Costs & expenses | $177M | $169M | $8.7M | +5% |
| Operating costs | $165M | $157M | $8.4M | +5% |
| Interest & other, net | $12.2M | $11.7M | $500K | +4% |
| Cost of revenue | $131M | $119M | $11.8M | +10% |
| Research & development | $500K | $400K | $100K | +25% |
| SG&A | $19.0M | $15.4M | $3.6M | +23% |
| Other operating costs | $14.8M | $21.9M | −$7.1M | -32% |
| Operating cash sources | $21.4M | $22.2M | −$800K | -4% |
| Depreciation & amortization | $20.8M | $21.9M | −$1.1M | -5% |
| Share-based compensation | $600K | $300K | $300K | +100% |
| Net loss absorbed | $8.4M | $24.0M | −$15.6M | -65% |
| Working capital & other | $2.5M | −$2.1M | $4.6M | — |
| Operating cash flow | $10.5M | $300K | $10.2M | 35× |
| Free cash flow (OCF − capex) | $1.9M | −$8.4M | $10.3M | — |
| Capital expenditures | $8.6M | $8.7M | −$100K | -1% |
Questions
How much did KLX Energy Services Holdings's revenue grow quarter over quarter in Q2 2026?
KLX Energy Services Holdings's revenue rose $22.6M (+16%) from $145M in Q1 2026 to $167M in Q2 2026.
What drove KLX Energy Services Holdings's revenue change in Q2 2026?
Completion +$9.5M (+12%); Drilling +$9.3M (+32%); Production +$2.3M (+10%).