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Civeo Corp (CVEO)
NYSE:CVEO
Earnings Data
Report Date
Apr 24, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-0.52Last Year’s EPS
-0.72Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong operational execution in Australia, a meaningful margin recovery in Canada, significant progress on share repurchases, and improved adjusted EBITDA and Q4 operating cash flow—these are substantial positives. Offsetting these are a full-year revenue decline driven by weak Canadian activity, ongoing net loss on a GAAP basis, commodity price sensitivity in Australia, and timing uncertainty for new asset deployments tied to customer FIDs. On balance, the magnitude of profitability and cash-flow improvements, the completion of a large share buyback program, and constructive 2026 guidance outweigh the key challenges, though risks remain related to commodity cycles and project timing.Company Guidance
Share Repurchase Progress
Repurchased ~2,300,000 common shares for approximately $54,000,000 in 2025 (≈17% of shares outstanding) and repurchased an additional ~500,000 shares subsequent to year-end, reaching ~95% completion of the current buyback authorization; new authorization announced to purchase up to 10% of outstanding shares after completion.
Q4 Consolidated Revenue and EBITDA Improvement
Fourth quarter consolidated revenues increased 7% year-over-year and adjusted EBITDA rose 90% (Q4 adjusted EBITDA $21.7M vs $11.4M in Q4 2024), driven by Canadian margin recovery and the May 2025 Australian acquisition.
Full-Year Adjusted EBITDA Growth Despite Revenue Decline
Full-year 2025 adjusted EBITDA increased 10% to $88.2M (from $79.9M in 2024) despite full-year revenues declining to $630.8M from $682.1M (≈-7.5%), reflecting effective cost-reduction actions.
Record Annual Revenues in Australia
Australia delivered record 2025 revenues of $460.3M (up from $427.0M in 2024, ≈+7.8%); Q4 Australia revenues rose 9% YoY to $119.5M and Q4 adjusted EBITDA increased 9% to $22.4M. Australian billed rooms in Q4 were ~705,000 vs ~637,000 prior year (≈+10.7%).
Integrated Services Growth and 2027 Target
Integrated services business in Australia continues to scale and is on track toward management's goal of $500,000,000 in annual revenue by 2027, contributing meaningfully to recent revenue and EBITDA gains.
Canadian Margin Recovery
Canada showed meaningful margin recovery: Q4 revenues rose 4% YoY to $42.1M and adjusted EBITDA swung from negative $5.4M in Q4 2024 to positive $3.4M in Q4 2025, driven by structural cost-reduction initiatives (overhead cuts, lodge rationalization, field-level cost alignment).
Improved Operating Cash Flow
Operating cash flow in Q4 2025 was $19.3M versus $9.5M in prior-year quarter (≈+103%), supporting buybacks and liquidity.
Healthy Capital Structure and Liquidity
As of 12/31/2025, total liquidity was $90.4M, total debt $182.8M, net debt $168.4M, and net leverage ratio was 1.9x—management states comfort with this leverage level while continuing buybacks.
2026 Guidance
Initial 2026 guidance: revenues $650M–$700M (implying growth vs 2025), adjusted EBITDA $85M–$90M (near FY2025 levels), and CapEx $25M–$30M, indicating confidence in stable to improving operations and measured reinvestment.
CVEO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
CVEO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 03, 2026 | $27.82 | $27.03 | -2.84% |
Oct 31, 2025 | $22.77 | $20.78 | -8.74% |
Jul 29, 2025 | $24.55 | $23.60 | -3.87% |
Apr 30, 2025 | $20.09 | $18.99 | -5.48% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Civeo Corp (CVEO) report earnings?
Civeo Corp (CVEO) is schdueled to report earning on Apr 24, 2026, Before Open (Confirmed).
What is Civeo Corp (CVEO) earnings time?
Civeo Corp (CVEO) earnings time is at Apr 24, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CVEO EPS forecast?
CVEO EPS forecast for the fiscal quarter 2026 (Q1) is -0.52.