Civeo reports second quarter 2026 financial results
Revenue grew 11% to $180.0M, net loss was $2.5M, adjusted EBITDA $23.8M. It also issued $115M convertible notes and repurchased shares.
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Global workforce housing and hospitality provider
civeo.comLast updated
In short: Civeo reported strong 2026 financial performance, secured major contract renewals in Canada and Australia, and issued $100M in senior notes.
Revenue grew 11% to $180.0M, net loss was $2.5M, adjusted EBITDA $23.8M. It also issued $115M convertible notes and repurchased shares.
The milestone spans over 30 million employee exposure hours across North American operations.
The joint venture will provide workforce accommodations and hospitality services through June 2032, superseding existing arrangements expiring in 2027.
The 4.50% notes due 2031 will raise net proceeds of about $96.2 million for share repurchases and debt repayment.
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