StocksMediumUpdated•Originally published 5 November 2026•Updated 6 November 2026•
1 min read
KLX Energy Services Misses EPS Estimates Despite Revenue Beat in Q3
Key Facts
1KLX Energy reported Q3 revenue of $186 million, an 11% increase over the second quarter of 2026.
2Adjusted EBITDA reached $25 million, representing a 33% increase compared to the second quarter.
3The company closed a backstopped rights offering on September 29, converting $87.8 million of debt into equity.
KLX Energy Services reported a non-GAAP EPS loss of $0.44 for the third quarter of 2026, missing analyst estimates by $0.09. According to a company statement via PR Newswire, revenue reached $186 million, exceeding expectations by $3.5 million and marking an 11% increase over the previous quarter.
Adjusted EBITDA rose to $25 million, representing a 33% growth compared to the second quarter of 2026. The company also closed a backstopped rights offering on September 29, 2026, resulting in the conversion of $87.8 million of debt into equity. KLXE closed at $1.01 on November 4, 2026.