KLX Energy Tightens Q3 Guidance, Cites $125M Rights Offering Close
Houston – September 25, 2026 -- KLX Energy Services Holdings (Nasdaq: KLXE) has tightened its third-quarter 2026 revenue guidance to a range of $180 million to $185 million, implying a 9% sequential improvement over the second quarter.
Adjusted EBITDA margin set to expand roughly 200 basis points sequentially
The oilfield services provider now projects an Adjusted EBITDA margin of 13% to 14% for the quarter ending September 30, 2026, up from the prior quarter. At the midpoint of the new guidance range, Adjusted EBITDA is expected to rise approximately 30% sequentially.