{"url_path":"/sec/klxe/10-q/2026/cover-page","section_key":"cover-page","section_title":"Cover Page","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-13","source_url":"https://www.sec.gov/Archives/edgar/data/1738827/0001738827-26-000021-index.html","accession_number":"0001738827-26-000021","cik":"0001738827","ticker":"KLXE","issuer_name":"KLX Energy Services Holdings, Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1738827/0001738827-26-000021-index.html","primary_entity_key":"0001738827","primary_entity_name":"KLX Energy Services Holdings, 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STATES\n\nSECURITIES AND EXCHANGE COMMISSION\n\nWASHINGTON, D.C. 20549\n\nFORM 10-Q\n\n(Mark One)\n\n☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\n\nFor The Quarterly Period Ended March 31, 2026\n\n☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\n\nFor the transition period from                      to\n\nCommission File No. 001-38609\n\n KLX Energy Services Holdings, Inc.\n\n(Exact name of registrant as specified in its charter)\n\nDelaware36-4904146\n\n(State of Incorporation)(I.R.S. Employer Identification No.)\n\n3040 Post Oak Boulevard, 15th Floor\n\nHouston, TX 77056\n\n(832) 844-1015\n\n(Address, including zip code, and telephone number, including area code, of principal executive offices of registrant)\n\nSecurities registered pursuant to Section 12(b) of the Act:\n\nTitle of Each ClassTrading Symbol(s)Name of Each Exchange on Which Registered\n\nCommon Stock, $0.01 Par ValueKLXEThe Nasdaq Global Select Market\n\nIndicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐\n\nIndicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐\n\nIndicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.\n\nLarge accelerated filer☐Accelerated filer☐\n\nNon-accelerated filer☒Smaller reporting company☒\n\nEmerging growth company☐\n\nIf an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐\n\nIndicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒\n\nThe registrant has one class of common stock, $0.01 par value, of which 19,911,759 shares were outstanding as of April 30, 2026.\n\n[Table of Contents](#idc9d30764a3e4fb08bee38efa21dd72e_7)\n\nKLX Energy Services Holdings, Inc.\n\nForm 10-Q\n\nTable of Contents\n\n[PART I - FINANCIAL INFORMATION](#idc9d30764a3e4fb08bee38efa21dd72e_10)\n\n[3](#idc9d30764a3e4fb08bee38efa21dd72e_10)\n\n[ Item 1. Condensed Consolidated Financial Statements (Unaudited)](#idc9d30764a3e4fb08bee38efa21dd72e_31)\n\n[3](#idc9d30764a3e4fb08bee38efa21dd72e_13)\n\n[Balance Sheets as of](#idc9d30764a3e4fb08bee38efa21dd72e_13)March 31, 2026 [and](#idc9d30764a3e4fb08bee38efa21dd72e_13)December 31, 2025\n\n[3](#idc9d30764a3e4fb08bee38efa21dd72e_13)\n\n[Statements of Operations for the Three Months Ended](#idc9d30764a3e4fb08bee38efa21dd72e_19)March 31, 2026[and](#idc9d30764a3e4fb08bee38efa21dd72e_19) 2025\n\n[4](#idc9d30764a3e4fb08bee38efa21dd72e_19)\n\n[Statements of Stockholders' Equity for the](#idc9d30764a3e4fb08bee38efa21dd72e_22)[Three Months Ended](#idc9d30764a3e4fb08bee38efa21dd72e_19)March 31, 2026[and](#idc9d30764a3e4fb08bee38efa21dd72e_19)2025\n\n[5](#idc9d30764a3e4fb08bee38efa21dd72e_22)\n\n[Statements of Cash Flows for the](#idc9d30764a3e4fb08bee38efa21dd72e_25)[Three Months Ended](#idc9d30764a3e4fb08bee38efa21dd72e_19)March 31, 2026[and](#idc9d30764a3e4fb08bee38efa21dd72e_19)2025\n\n[6](#idc9d30764a3e4fb08bee38efa21dd72e_25)\n\n[Notes to Condensed Consolidated Financial Statements](#idc9d30764a3e4fb08bee38efa21dd72e_31)\n\n[7](#idc9d30764a3e4fb08bee38efa21dd72e_31)\n\n[Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations](#idc9d30764a3e4fb08bee38efa21dd72e_73)\n\n[19](#idc9d30764a3e4fb08bee38efa21dd72e_73)\n\n[Item 3. Quantitative and Qualitative Disclosures About Market Risk](#idc9d30764a3e4fb08bee38efa21dd72e_85)\n\n[31](#idc9d30764a3e4fb08bee38efa21dd72e_85)\n\n[Item 4. Controls and Procedures](#idc9d30764a3e4fb08bee38efa21dd72e_88)\n\n[31](#idc9d30764a3e4fb08bee38efa21dd72e_88)\n\n[PART II - OTHER INFORMATION](#idc9d30764a3e4fb08bee38efa21dd72e_91)\n\n[32](#idc9d30764a3e4fb08bee38efa21dd72e_91)\n\n[Item 1. Legal Proceedings](#idc9d30764a3e4fb08bee38efa21dd72e_94)\n\n[32](#idc9d30764a3e4fb08bee38efa21dd72e_94)\n\n[Item 1A. Risk Factors](#idc9d30764a3e4fb08bee38efa21dd72e_97)\n\n[32](#idc9d30764a3e4fb08bee38efa21dd72e_97)\n\n[Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](#idc9d30764a3e4fb08bee38efa21dd72e_100)\n\n[32](#idc9d30764a3e4fb08bee38efa21dd72e_100)\n\n[Item 3. Defaults Upon Senior Securities](#idc9d30764a3e4fb08bee38efa21dd72e_103)\n\n[33](#idc9d30764a3e4fb08bee38efa21dd72e_103)\n\n[Item 4. Mine Safety Disclosures](#idc9d30764a3e4fb08bee38efa21dd72e_106)\n\n[33](#idc9d30764a3e4fb08bee38efa21dd72e_106)\n\n[Item 5. Other Information](#idc9d30764a3e4fb08bee38efa21dd72e_109)\n\n[34](#idc9d30764a3e4fb08bee38efa21dd72e_115)\n\n[Item 6. Exhibits](#idc9d30764a3e4fb08bee38efa21dd72e_115)\n\n[34](#idc9d30764a3e4fb08bee38efa21dd72e_115)\n\n[SIGNATURES](#idc9d30764a3e4fb08bee38efa21dd72e_118)\n\n[35](#idc9d30764a3e4fb08bee38efa21dd72e_118)\n\n2\n\n[Table of Contents](#idc9d30764a3e4fb08bee38efa21dd72e_7)\n\nPART 1 – FINANCIAL INFORMATION"}