Civeo Corp (CVEO)
NYSE:CVEO
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Earnings Data
Report Date
Jul 24, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
-0.15Last Year’s EPS
-0.25Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a predominantly positive operational and commercial trajectory: strong Q1 revenue growth (+20%) and large adjusted EBITDA improvement (+78%), improved Canadian profitability, meaningful contributions from acquired Australian villages, an expanded and healthy bid pipeline (> $1.5B), and proactive capital allocation (share repurchases, amended credit facility). Offsetting risks include near-term margin pressure from higher diesel and inflation (particularly in Australia), seasonal negative operating cash flow, labor constraints, modest softness in portions of legacy Australian villages, and timing/FID risk that may delay revenue recognition from large infrastructure opportunities into 2027. Overall, the company is growing top-line and improving margins while maintaining financial flexibility, but management is cautious on EBITDA given cost/inflation dynamics and project timing uncertainty.Company Guidance
Strong Consolidated Top-Line and Margin Expansion
Total revenue of $172.7M in Q1 2026, up ~20% year-over-year (from $144M). Adjusted EBITDA of $22.5M, up 78% YoY (from $12.7M). Net loss narrowed to $3.8M ($0.34/diluted) from $9.8M ($0.72/diluted).
Raised Revenue Guidance
Full-year 2026 revenue guidance low end raised to $675M–$700M (from prior $650M–$700M); midpoint implies ~8% revenue growth for the year.
Australian Performance and Acquisition Contribution
Australia Q1 revenue $123M, up 19% YoY (from $103.6M). Australian adjusted EBITDA $21.8M (vs $19M). Billed rooms ~676k vs ~626k prior-year; daily room rate for owned villages $83 vs $75 (FX contributed). Growth driven by full-quarter contribution from villages acquired May 2025 and integrated services expansion.
Canadian Recovery and Margin Improvement
Canada Q1 revenue $49.6M (up from $40.4M) and adjusted EBITDA $5.2M compared to negative $0.8M prior-year. Billed rooms ~434k vs ~359k and daily room rate $99 vs $93. Improvements attributed to higher occupancy and prior 2025 cost reductions.
Robust Bid Pipeline and Market Opportunity
Actively bidding on projects with total contract values in excess of $1.5B—the strongest pipeline seen to date—across LNG, power, data centers and other North American infrastructure projects.
Capital Allocation and Liquidity Enhancements
Repurchased ~500,000 shares (~4% of shares outstanding) for ~$14.4M during the quarter and completed ~96% of current authorization. Credit agreement amended and extended: revolving capacity increased to $285M and maturity extended to April 2030. Total liquidity ~$68M; total debt $215M; net debt $199M; net leverage ~2.2x.
Operational Flexibility and Deployable Assets
2,500 mobile camp rooms immediately deployable in Western Canada and ability to redeploy ~7,000 oil sands lodge rooms to infrastructure projects in Northern U.S., Canada, and Alaska; mobile camps can typically mobilize within ~90 days.
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 |
|---|---|---|---|
May 01, 2026 | $31.90 | $31.21 | -2.16% |
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% |
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 Jul 24, 2026, Before Open (Confirmed).
What is Civeo Corp (CVEO) earnings time?
Civeo Corp (CVEO) earnings time is at Jul 24, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is CVEO EPS forecast?
CVEO EPS forecast for the fiscal quarter 2026 (Q2) is -0.15.