CVEO
Civeo Corporation22.70
+0.01+0.04%
Dec 16, 4:00:03 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
284.93MP/E (TTM)
-Basic EPS (TTM)
-2.09Dividend Yield
0.02%Recent Filings
8-K
8-K
10-Q
8-K
Civeo unveils investor update
Civeo Corporation released its September 2025 investor presentation, highlighting a recent A$105M acquisition of four Bowen Basin villages that bolsters its Australian metallurgical coal footprint with 1,368 rooms under take-or-pay contracts. The company reports LTM revenue of $634M and Adjusted EBITDA of $67.9M as of June 30, 2025, while advancing its 555 Plan to hit A$500M in Australian integrated services revenue by 2027. Updated capital allocation prioritizes share repurchases, with 27% of shares bought back since August 2021 and plans to deploy 100% of annual free cash flow toward completing the 20% authorization. Net leverage sits at 2.0x, balancing growth and returns amid oil sands headwinds.
10-Q
Q2 FY2025 results
Civeo Corporation's Q2 revenue fell 14% year-over-year to $162.7 million, driven by a 37% drop in Canada from lower oil sands occupancy and LNG project completion, yet Australia grew 4% to $112.7 million thanks to the Qantac acquisition adding 1,340 rooms in the Bowen Basin. Operating income shrank 79% to $2.8 million amid higher SG&A from activist costs, while diluted EPS swung to a $0.25 loss from $0.56 profit, reconciled against 13.2 million shares with anti-dilution flagging minor share-based awards. The $68 million cash deal closed May 6, 2025, boosting property assets by $70.6 million and intangibles by $6.0 million without goodwill. Cash climbed to $14.6 million, but debt quadrupled to $168.7 million under revolvers at 5.9-9.0% rates, leaving $58.2 million unused amid covenant headroom. Free cash flow turned negative at $(20.5) million from operating outflows and $9.8 million capex. Share repurchases hit $22.5 million YTD. Volatility in commodity prices poses ongoing risks to customer spending.
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