secwatch.observer — SEC 8-K summary
======================================

Issuer:     KLX Energy Services Holdings, Inc. (KLXE)
CIK:        0001738827
Form:       8-K
Filed at:   2026-11-10T21:08:45+00:00
Accession:  0001738827-26-000076
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.35
Item codes: 8.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

KLX Energy files Wolf Pack pro forma: 9M revenue $514.6M, net loss widens to $55.7M on $6.7M bargain-gain reversal
--------------------------------------------------------------------------------

- Wolf Pack Rentals asset deal closed June 2, 2026 for $16.7M: $14.1M cash at close plus two $1.5M deferred payments at 180 and 360 days, payable in cash or KLXE stock.
- Pro forma 9M 2026 revenue $514.6M vs KLX standalone $497.6M; pro forma operating loss $13.5M vs $8.1M standalone.
- Pro forma net loss $55.7M ($2.67/share) vs KLX standalone $47.9M ($2.29), driven largely by eliminating the $6.7M bargain purchase gain.
- Preliminary purchase allocation: $22.7M property and equipment, $7.9M receivables, $6.7M bargain purchase gain; final valuation expected by Q2 2027.
- KLX standalone 9M 2026 included a $3.5M gain on debt extinguishment and $37.6M interest expense; pro forma interest expense $37.9M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1738827/000173882726000076/0001738827-26-000076-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1738827/000173882726000076/klxe-20261110.htm
  HTML page:      https://secwatch.observer/filing/0001738827-26-000076

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer