Every material Form 8-K KLX Energy Services Holdings, Inc. has filed with the SEC since September 30, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
KLX Energy Services reported third quarter 2026 revenue of $186 million, up 11% from the second quarter, and Adjusted EBITDA of $25 million, up 33%. Net loss widened to $15 million, or $(0.68) per diluted share, from $8 million in the prior quarter, and the company expects fourth quarter revenue of $172 million to $184 million. The results follow the closed Backstopped Rights Offering, which converted $87.8 million of debt to equity.
Revenue $185.6 million vs. $167.3 million in Q2 2026 and $166.7 million in Q3 2025
Net loss $(15.5) million, or $(0.68) per diluted share, vs. $(8.4) million, or $(0.41), in Q2 2026
Adjusted EBITDA $24.9 million vs. $18.7 million in Q2 2026; Adjusted EBITDA margin 13.4%
Q4 2026 revenue guidance of $172 million to $184 million; total liquidity $78.4 million at September 30, 2026
KLX Energy Services Holdings appointed Franklin S. Edmonds, Jr. and E. Dirk Hallen to its Board as independent directors effective October 29, 2026, replacing John Collins and Tom McCaffrey, who resigned the same day. The filing states the resignations were not due to any disagreement with the Company on its operations, policies or practices, and the filing does not report any change to the CEO or CFO.
Franklin S. Edmonds, Jr. (Class II, term to 2029 Annual Meeting) and E. Dirk Hallen (Class III, term to 2027 Annual Meeting) joined the Board effective October 29, 2026.
John Collins and Tom McCaffrey resigned from the Board with immediate effect on October 29, 2026.
Edmonds and Hallen joined the Nominating and Corporate Governance Committee; Edmonds joined the Audit Committee and Hallen joined the Compensation Committee.
Both new directors will receive the standard non-employee director compensation.
KLX Energy Services completed its subscription rights offering on September 29, 2026, selling 24,975,001 shares at $1.49 each for $37.2 million in gross proceeds. Backstop holders of its 2030 Notes exchanged them for 59,273,445 shares, cutting outstanding principal by $94.0 million, and the company expects 105,677,168 shares outstanding afterward, so existing shareholders will be diluted. The 2030 Notes indenture was also amended to loosen leverage tests, which gives the company more covenant flexibility.
Rights offering: 24,975,001 shares sold at $1.49 per share for $37.2 million gross; $31.0 million for general corporate purposes and $6.2 million to redeem 2030 Notes at par on October 10, 2026
Backstop exchange: 59,273,445 shares issued to Backstop Parties; 2030 Notes principal reduced by $94.0 million; 105,677,168 shares expected outstanding
Indenture amended: total net leverage incurrence test relaxed from 2.50:1.00 to 3.00:1.00; maintenance covenant step-down reset to 4.50:1.00 starting with the quarter ending September 30, 2026
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every KLX Energy Services Holdings, Inc. filing is on SEC EDGAR ↗. 8-K briefs of other companies →