Filing Flows › KLX Energy Services Holdings (KLXE) › Q2 2026
KLX Energy Services Holdings (KLXE) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 11, 2026
KLX Energy Services Holdings (KLXE) reported revenue of $167M for the second quarter 2026 (Q2 2026), +5% from a year earlier and +16% from the quarter before. Operating margin was 1.3%, net loss $8.4M (5.0% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $167M | +16% | +5% |
| Operating profit | $2.1M | — | — |
| Net earnings | −$8.4M | — | — |
| Operating cash flow | $10.5M | 35× | -45% |
| Free cash flow | $1.9M | — | -70% |
What changed
Revenue was $167.3M in Q2 2026, up 5% year over year and up 16% from the previous quarter. Completion was the largest line at 52% of revenue. Drilling added $12.4M year over year (up 48%), 149% of the total change. Production declined 7%.
Operating profit was $2.1M, a 1.3% margin (up 6.7 points year over year). Total costs fell 1% while revenue rose 5%. The fastest-growing cost line was Research & development (+25%). The quarter ended with a net loss of $8.4M, narrower than the previous quarter's $24.0M loss. Net interest and other expense of $12.2M was the main reason.
Operating cash flow was $10.5M (down 45% year over year). Non-cash charges added back $20.8M of depreciation and amortization and $600K of share-based compensation. Working capital and other items used $2.5M. Capital expenditures of $8.6M left free cash flow of $1.9M.
Questions
What was KLX Energy Services Holdings' revenue in the second quarter 2026?
KLX Energy Services Holdings (KLXE) reported revenue of $167M for the second quarter 2026 (Q2 2026), +5% from a year earlier and +16% from the quarter before.
Was KLX Energy Services Holdings profitable in the second quarter 2026?
Operating profit was $2.1M (1.3% of revenue) and net loss $8.4M.