Filing Flows › KLX Energy Services Holdings (KLXE) › Q3 2026
KLX Energy Services Holdings (KLXE) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 6, 2026
KLX Energy Services Holdings (KLXE) reported revenue of $186M for the third quarter 2026 (Q3 2026), +11% from a year earlier and +11% from the quarter before. Operating margin was 1.0%, net loss $15.5M (8.4% of revenue).
KLX Energy Services Holdings, Q3 2026: revenue $186M (+11% year over year), operating margin 1.0%, net loss $15.5M, operating cash flow $6.7M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $186M | +11% | +11% |
| Operating profit | $1.9M | -10% | — |
| Net earnings | −$15.5M | — | — |
| Operating cash flow | $6.7M | -36% | -50% |
What changed
Revenue was $185.6M in Q3 2026, up 11% year over year and up 11% from the previous quarter. Completion was the largest line at 50% of revenue. Drilling added $20.1M year over year (up 77%), 106% of the total change. Completion declined 7%.
Operating profit was $1.9M, a 1.0% margin (up 2.8 points year over year). Total costs grew 8% against revenue growth of 11%. The fastest-growing cost line was Research & development (+25%). The quarter ended with a net loss of $15.5M, wider than the previous quarter's $8.4M loss. Net interest and other expense of $17.2M was the main reason.
Operating cash flow was $6.7M (down 50% year over year). Non-cash charges added back $20.9M of depreciation and amortization and $500K of share-based compensation. Working capital and other items added $800K. Capital expenditures of $12.6M exceeded it, leaving free cash flow of −$5.9M.
Questions
What was KLX Energy Services Holdings' revenue in the third quarter 2026?
KLX Energy Services Holdings (KLXE) reported revenue of $186M for the third quarter 2026 (Q3 2026), +11% from a year earlier and +11% from the quarter before.
Was KLX Energy Services Holdings profitable in the third quarter 2026?
Operating profit was $1.9M (1.0% of revenue) and net loss $15.5M.