KLX tightens Q3 2026 revenue guidance to $180-185M, 13-14% adjusted EBITDA margin; rights offering raises $37.2M

KLX Energy Services Holdings, Inc.

3Q26 revenue guidance narrowed to $180-185M, ~9% sequential growth over Q2 2026; adjusted EBITDA margin guided to 13-14%, ~200 bps sequential improvement (~30% higher adjusted EBITDA at midpoint).
Rights offering expired Sept 23, 2026: 24,975,001 shares to be issued at $1.49/share for $37.2M gross proceeds; $31.0M for general corporate purposes, $6.2M to redeem 2030 Notes at par.
Backstop Parties to receive ~59.3M shares in exchange for 2030 Notes; par redemptions plus the exchange reduce 2030 Notes principal by $94.0M; pro forma shares outstanding ~105.7M.
Management cites a full quarter of Wolf Pack acquisition contribution and reaffirms the $2.5M annual synergy target announced in August.
CEO Chris Baker says KLX is 'very pleased' with quarter-to-date results; complete Q3 2026 financial results will be announced in November 2026.

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