Civeo reported third-quarter 2026 revenues of $193.1 million, a 13% increase year-over-year, driven by higher occupancy in Canada and a stronger Australian dollar. Net income was $5.2 million, or $0.50 per diluted share, compared to a net loss of $0.5 million in the prior year period. Adjusted EBITDA rose 5% to $30.1 million, supported by turnaround activity at Canadian oil sands lodges and integrated services growth. Operating cash flow nearly doubled to $26.4 million. The company raised its full-year 2026 revenue guidance to $710-$720 million and Adjusted EBITDA guidance to $89-$92 million, citing improved demand across North American infrastructure markets. Civeo provides hospitality services, including lodging and catering, for workers in the Australian natural resource regions and Canadian oil sands.
