KLX Energy Services (NASDAQ:KLXE) reported first-quarter 2026 revenue of $145 million and adjusted EBITDA of $11.1 million, with management describing the period as the likely low point for the fiscal year due to seasonal headwinds, weather disruptions and customer delays.
President and Chief Executive Officer Chris Baker said the quarter followed the company’s typical first-quarter pattern, including customer budget resets and the restart of completion programs after the holidays. He also cited Winter Storm Fern and customer drilling issues that delayed completion jobs late in March.
