KLX ENERGY SERVICES HOLDINGS, INC. REPORTS THIRD QUARTER 2026 RESULTS

Chris Baker, President and Chief Executive Officer of KLX Energy Services Holdings, Inc.

“Our third quarter results demonstrate the earnings potential of the KLX platform when activity, mix and execution align.”

Chris Baker, President and Chief Executive Officer of KLX Energy Services Holdings, Inc.

“Revenue was $186 million, above the high end of our guidance range and up $18 million, or 11%, sequentially, outpacing the 7% increase in the average Lower 48 land rig count.”

Chris Baker, President and Chief Executive Officer of KLX Energy Services Holdings, Inc.

“All three of our geographic segments delivered sequential revenue growth.”

Chris Baker, President and Chief Executive Officer of KLX Energy Services Holdings, Inc.

“The Rocky Mountains led the improvement, with segment Adjusted EBITDA doubling sequentially, while on a product service line basis accommodations, technical services, rentals and wireline provided the primary revenue growth.”

Chris Baker, President and Chief Executive Officer of KLX Energy Services Holdings, Inc.

“We made meaningful progress on the three priorities we outlined exiting the second quarter.”

Chris Baker, President and Chief Executive Officer of KLX Energy Services Holdings, Inc.

“First, we strengthened our balance sheet through the successful completion of the Backstopped Rights Offering, converting $87.8 million of debt to equity and raising $37.2 million of new equity.”

Chris Baker, President and Chief Executive Officer of KLX Energy Services Holdings, Inc.

“As a result, we ended the quarter with approximately $100 million less total debt than at the end of the second quarter and $78 million of total liquidity.”

Chris Baker, President and Chief Executive Officer of KLX Energy Services Holdings, Inc.

“Second, we substantially completed the integration of Wolf Pack and remain on track to deliver the $2.5 million of projected annual cost synergies.”

Chris Baker, President and Chief Executive Officer of KLX Energy Services Holdings, Inc.

“Finally, we continued to drive revenue and margin growth above our expectations while maintaining a disciplined approach to capital allocation.”

Chris Baker, President and Chief Executive Officer of KLX Energy Services Holdings, Inc.

“Looking ahead, for the fourth quarter, we expect revenue of $172 million to $184 million, representing approximately 14% growth over the prior-year period at the midpoint.”

Chris Baker, President and Chief Executive Officer of KLX Energy Services Holdings, Inc.

“Our priorities remain protecting margins through the historical seasonal slowdown, turning earnings into cash and building on the momentum of the third quarter.”