Klx Energy Services Holdings, Inc. · NASDAQ:KLXE
Klx Energy Services — Q1 2026 Earnings Presentation
32 slides from Klx Energy Services's earnings presentation, Jun 30, 2026
Slide 1: Q1 2026 Company Presentation
Q1 2026 1 Company Presentation
Slide 2: Forward-Looking Statements
Forward-Looking Statements Cautionary Statement on Forward-looking Statements This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act. This presentation includes forward-looking statements
Slide 3: Next Level Readiness
3 NEXT LEVEL READINESS KLX Energy Services is a leading U.S. onshore provider of value-added, technologically-differentiated oilfield services focused on drilling, completion, intervention and production activities for the most technically demanding wells. NASDAQ KLXE Headquartered in Houston, TX Em
Slide 4: At A Glance
KLX Energy Services 4 KLX Energy Services At A Glance As of Q1 2026. Company disclosure. 1 Equity market cap per NASDAQ as of Jun. 17, 2026. 2 Adjusted EBITDA is a non-GAAP measure. For a reconciliation to the comparable GAAP measure, see Appendix. 3 Excludes WolfPack assets COMPANY OVERVIEW DIVERSI
Slide 5: Strategic priorities
5 Provide market leading onsite job execution and safety Drive margin enhancing utilization Focus on pricing and cost structure to drive margins Expand share of wallet with top customers Continue to de-lever through a combination of EBITDA growth, free cash flow generation, debt reduction
Slide 6: Recent Acquisition Case Study
6 Recent Acquisition Case Study 2025 Adjusted EBITDA1 $6MM 2025 Revenue $38MM Total Consideration $17MM Accommodations Trailers Acquired ~350 2025 Net Income $1MM Fixed Cost Synergies $2MM+ Figures shown on this page are with respect to WolfPack 1 2025 Adjusted EBITDA is per WolfPack management repo
Slide 7: Recent Acquisition Case Study - WolfPack
KLX Energy Services 7 Recent Acquisition Case Study - WolfPack TRANSACTION OVERVIEW $17MM purchase price, out of which $14MM paid at closing and $3MM deferred payment in either cash or KLX stock Initial $14MM funding from three funding sources: Three-year term capital lease line of $10MM with
Slide 8: Recent Acquisition Case Study - WolfPack
KLX Energy Services 8 Recent Acquisition Case Study - WolfPack Single-source provider of surface rentals – offering seamless, sustainable jobsite solutions . Temporary Workforce Housing & Offices Custom Structures Communications & connectivity Surveillance & security Power generation & lighting Wate
Slide 9: A Transformed KLX
Performance culture KPI tracking / data-driven decision making Veteran operators Technical expertise Alignment of incentives KLX Energy Services 9 Rigorous maintenance program Minimize downtime Comprehensive suite of equipment and tool sizes across all PSLs Employees value safe, professional field o
Slide 10: Areas of Operation
KLX Energy Services 10 Areas of Operation Revenue contribution based on Q1 2026 results. 1 Gas contribution includes Haynesville and Marcellus activity as primary dry gas exposure Headquarters Technology Center Southwest Operation Facilities Rockies Operation Facilities Northeast / Mid-Con Operation
Slide 11: Diversified & Complementary Product Service Offering
KLX Energy Services 11 Diversified & Complementary Product Service Offering Diversified product service offering positions KLX to capture a larger percentage of customer spending across the lifecycle Refocused product service offering across core geographies to improve scale, utilization and ret
Slide 12: Wide range of well construction equipment
Wide range of well construction equipment spanning a variety of sizes and configurations HPHT float equipment Latch-in plugs and wiper plugs Centralizers 2-stage cement tools and annular casing packers Liner hanger systems Proprietary MWD tool design and packaging Proprietary surface
Slide 13: In-House R&D Capability Supports Continuous Improvement
KLX Energy Services 13 In-House R&D Capability Supports Continuous Improvement KLX recently introduced its revolutionary VISION suite of Downhole Completion tools, delivering advanced engineering and customized solutions for downhole operators Engineering Breadth Dedicated R&D facility focusing pr
Slide 14: KLX – The Choice of Top Operators
14 KLX Energy Services KLX – The Choice of Top Operators Revenue driven by top 10 customers in 2025 Significant leverage to and long-term relationships with the most active operators and industry consolidators ~550 45% Unique customers serviced in 2025 with no one customer accounting for more than 1
Slide 15: Maintaining Market Share
Source: Company & Baker Hughes. Maintaining Market Share US Land Rig Count and KLX Quarterly Revenue per Rig Count
Slide 16: Significant Operating Leverage
Source: Company & Baker Hughes. Significant Operating Leverage US Land Rig Count and KLX Quarterly Adj EBITDA per Rig Count
Slide 17: Cycle-tested Leadership Team
KLX Energy Services 17 Cycle-tested Leadership Team Chris Baker CEO 30+ years of industry experience Co-founded and COO of QES Managing Director – Oilfield Services for Quintana Energy Partners Citigroup Global Markets Inc. BS in Mechanical Engineering from Louisiana State University MBA from Rice U
Slide 18: Capitalization & Leverage Profile
18 Capitalization & Leverage Profile Maturity 2025 ABL Facility Maturity Mar. 2028 Cash $6MM Liquidity $48MM Total Debt $276MM Net Debt1 $270MM Senior Notes Maturity Mar. 2030 As of Q1 2026. Company disclosure. 1 We define Net Debt as total debt less cash and cash equivalents. As of March 31, 2026,
Slide 19: Q1 2026 Summary & Q2 2026 Guidance
KLX Energy Services 19 Q1 2026 Summary & Q2 2026 Guidance Q2 revenue guidance of $162MM-$172MM We expect Adjusted EBITDA margin to expand sequentially, driven by higher activity and better overhead absorption Q2 2026 GUIDANCE (AS DISCLOSED IN EARNINGS RELEASE ON MAY 12, 2026) Q1 2026 SUMMARY $
Slide 20: KLX Financial Summary
$7 $10 $8 $7 $2$12 $7 $5 $7 $5 $3 $7 $15 $15 $11 ($7) ($6) ($7) ($6) ($7) $14 $19 $21 $23 $11 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Rockies Southwest Northeast / Mid-Con Corporate & Other KLX Energy Services 20 KLX Financial Summary REVENUE ($MM) LEVERED FREE CASH FLOW1,2 ($MM) ADJUSTED EBITDA1 ($MM) UNLEVE
Slide 21: Corporate Headquarters and Investor Relations
21 Corporate Headquarters 3040 POST OAK BLVD 15th Floor Houston, TX 77056 Investor Relations Geoffrey C. Stanford, SVP, Interim CFO & CAO (832) 930-8066 IR@klx.com
Slide 22: Appendix
Appendix 22
Slide 23: Reconciliation of Consolidated Net (Loss) Income to Adjusted EBITDA
KLX Energy Services 23 Reconciliation of Consolidated Net (Loss) Income to Adjusted EBITDA (Loss) *Previously announced quarterly numbers may not sum to the year-end total due to rounding. (1) Quarterly cost of sales includes lease expense associated with five coiled tubing unit leases of $2.1 milli
Slide 24: Net Income Margin and Adjusted EBITDA Margin Reconciliations
KLX Energy Services 24 Consolidated Net (Loss) Income Margin and Consolidated Adjusted EBITDA Margin Reconciliations (dollar amounts in millions) Q1’22 Q2’22 Q3’22 Q4’22 Q1’23 Q2’23 Q3’23 Q4’23 Q1’24 Q2’24 Q3’24 Q4’24 Q1’25 Q2’25 Q3’25 Q4’25 Q1’26 Net (loss) income…..….. $(19.9) $(7.5) $11.1 $13.2 $
Slide 25: Reconciliation of Segment Operating Income to Adjusted EBITDA
KLX Energy Services 25 Reconciliation of Segment Operating (Loss) Income to Adjusted EBITDA (1) One-time costs are defined in the Reconciliation of Consolidated Net Loss to Adjusted EBITDA (loss) table above. For purposes of segment reconciliation, one-time costs also includes impairment and other c
Slide 26: Reconciliation of Segment Operating Income to Adjusted EBITDA
KLX Energy Services 26 Reconciliation of Segment Operating (Loss) Income to Adjusted EBITDA (1) One-time costs are defined in the Reconciliation of Consolidated Net Loss to Adjusted EBITDA (loss) table above. For purposes of segment reconciliation, one-time costs also includes impairment and other c
Slide 27: Reconciliation of Segment Operating Income to Adjusted EBITDA
KLX Energy Services 27 Reconciliation of Segment Operating (Loss) Income to Adjusted EBITDA (1) One-time costs are defined in the Reconciliation of Consolidated Net Loss to Adjusted EBITDA (loss) table above. For purposes of segment reconciliation, one-time costs also includes impairment and other c
Slide 28: Segment Operating Income Margin Reconciliation
KLX Energy Services 28 Segment Operating (Loss) Income Margin Reconciliation (dollar amounts in millions) Q1’22 Q2’22 Q3’22 Q4’22 Q1’23 Q2’23 Q3’23 Q4’23 Q1’24 Q2’24 Q3’24 Q4’24 Q1’25 Q2’25 Q3’25 Q4’25 Q1’26 Rocky Mountains Operating (loss) income $ (0.8) $ 4.0 $ 11.7 $ 12.4 $ 9.8 $ 11.9 $ 17.7 $ 6.
Slide 29: Segment Adjusted EBITDA Margin Reconciliation
KLX Energy Services 29 Segment Adjusted EBITDA Margin Reconciliation (dollar amounts in millions) Q1’22 Q2’22 Q3’22 Q4’22 Q1’23 Q2’23 Q3’23 Q4’23 Q1’24 Q2’24 Q3’24 Q4’24 Q1’25 Q2’25 Q3’25 Q4’25 Q1’26 Rocky Mountains Adjusted EBITDA $ 4.7 $ 9.3 $ 17.3 $ 17.9 $ 15.5 $ 17.0 $ 23.3 $ 12.7 $ 5.4 $ 17.2 $
Slide 30: Adjusted SG&A Margin Reconciliation
KLX Energy Services 30 Adjusted SG&A Margin Reconciliation (dollar amounts in millions) Q1’22 Q2’22 Q3’22 Q4’22 Q1’23 Q2’23 Q3’23 Q4’23 Q1’24 Q2’24 Q3’24 Q4’24 Q1’25 Q2’25 Q3’25 Q4’25 Q1’26 Adjusted selling, general and administrative expenses $14.3 $15.9 $17.1 $19.4 $20.2 $20.7 $17.5 $19.0 $18.7 $1
Slide 31: Annualized Quarterly (LQA) Adjusted EBITDA Reconciliation
KLX Energy Services 31 Annualized Quarterly (LQA) Adjusted EBITDA Reconciliation (dollar amounts in millions) Q1’22 Q2’22 Q3’22 Q4’22 Q1’23 Q2’23 Q3’23 Q4’23 Q1’24 Q2’24 Q3’24 Q4’24 Q1’25 Q2’25 Q3’25 Q4’25 Q1’26 Adjusted EBITDA $ 4.9 $ 17.4 $ 37.1 $ 37.3 $ 38.2 $ 39.7 $ 36.7 $ 23.0 $ 12.0 $ 27.0 $ 2
Slide 32: Free Cash Flow Reconciliation
KLX Energy Services 32 Free Cash Flow Reconciliation (dollar amounts in millions) Q1’22 Q2’22 Q3’22 Q4’22 Q1’23 Q2’23 Q3’23 Q4’23 Q1’24 Q2’24 Q3’24 Q4’24 Q1’25 Q2’25 Q3’25 Q4’25 Q1’26 Net cash flow (used in) provided by operating activities $ (6.2) $ (8.4) $ 18.5 $ 11.8 $ (8.6) $ 60.0 $ 25.6 $ 38.6
KLX Energy Services Holdings — Q1 2026 Earnings Presentation on 6ix