Earnings ·
Civeo Corporation reported second quarter 2026 results with revenues of $180.0 million, a net loss of $2.5 million…
CVEOCiveo Corp
Civeo Corporation reported second quarter 2026 results with revenues of $180.0 million, a net loss of $2.5 million ($0.23 per diluted share), and Adjusted EBITDA of $23.8 million. Revenue increased 11% year-over-year, driven by integrated services growth in Australia and Canada, higher occupancy in Canada, and a stronger Australian dollar. Subsequent to the quarter-end, Civeo issued $115.0 million of 4.50% convertible senior notes due 2031 and concurrently repurchased 660,297 common shares for approximately $22.3 million. The company maintained its full year 2026 guidance of $675–$700 million in revenue and $85–$90 million in Adjusted EBITDA. Civeo Corporation is a leading provider of hospitality services with prominent market positions in the Australian natural resource regions and the Canadian oil sands.