Civeo reports first quarter 2026 results
Company reports $172.7 million revenue, $3.8 million net loss and $22.5 million Adjusted EBITDA. It repurchased shares and amended its credit facility.
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Global workforce housing and hospitality provider
civeo.comLast updated
In short: Civeo secured a major Australian contract renewal and delivered strong Q1 2026 performance, exceeding expectations and raising revenue guidance.
Company reports $172.7 million revenue, $3.8 million net loss and $22.5 million Adjusted EBITDA. It repurchased shares and amended its credit facility.
It increases capacity to $285 million and extends maturity to April 2030. CEO states it strengthens liquidity and flexibility.
Revenues reach $161.6M in Q4 and $638.8M annually. Adjusted EBITDA hits $21.7M in Q4 and $88.2M yearly. Australia sets revenue record at $460.3M. Company repurchases shares and announces new authorization.
The award recognizes teams' efforts in environmental stewardship, Indigenous partnerships, and safety. VP Grant Pelletier notes it validates daily ESG work.
Civeo Corporation (NYSE: CVEO) today announced that it was awarded a six-year contract extension with a leading resources player to provide integrated services at eleven...
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