Recent Updates — ESOA
Energy Services of America completed its previously announced acquisition of substantially all operating assets of FAMCO, Inc., a West Virginia utility contractor focused on water and sewer infrastructure. The base purchase price is $6.95 million, subject to adjustments, with consideration consisting of cash and common stock. A portion of the purchase price is withheld pending a post-closing true-up. The acquisition adds an experienced workforce, equipment fleet, and customer relationships, complementing Energy Services’ existing water and utility construction operations. Energy Services of America Corporation operates as a contractor and service company providing services to customers in natural gas, petroleum, water distribution, automotive, chemical, and power industries.
Energy Services of America Corporation announced it has entered into an Asset Purchase Agreement with FAMCO, Inc., a West Virginia utility contractor focused on water and sewer infrastructure. Under the agreement, Energy Services’ subsidiary will purchase substantially all of FAMCO’s operating assets for a base price of $6.95 million. The consideration structure includes 3/8 paid in cash, 1/2 paid in common stock issued post-closing, and 1/8 withheld pending a true-up. The transaction is expected to close on or about October 9, 2026. Energy Services of America Corporation operates as a contractor and service company providing services in the natural gas, petroleum, water distribution, automotive, chemical, and power industries.
Energy Services of America Corporation declared a quarterly cash dividend of $0.04 per common share. The payment is scheduled for October 15, 2026, to shareholders of record at the close of business on September 30, 2026. This company operates in the energy services industry.
Energy Services of America Corporation reported fiscal third quarter results for the period ended June 30, 2026. Revenue increased 25.5% year-over-year to $130.0 million from $103.6 million, driven by higher activity in Gas & Petroleum Transmission and other segments. Net income rose 57.9% to $3.3 million ($0.18 per diluted share) compared to $2.1 million ($0.12 per diluted share). Adjusted EBITDA grew to $8.3 million from $6.5 million, while gross margin contracted slightly to 11.0% due to lower profitability on a large gas transmission project. The company increased its quarterly dividend by 33% to $0.04 per share. Energy Services of America Corporation operates as an infrastructure contractor providing construction and maintenance services for natural gas, petroleum, water distribution, and power industries.
Energy Services of America Corporation declared a quarterly cash dividend of $0.04 per common share. The dividend is payable on July 15, 2026, to shareholders of record as of the close of business on June 30, 2026. The company operates in the energy services industry.