Civeo Corp Cda Stock Price, News & Analysis

Civeo Corporation (NYSE:CVEO), a hospitality services provider, reported Q2 2025 financial results with revenues of $162.7 million and a net loss of $3.3 million. The company generated $25.0 million in Adjusted EBITDA and negative operating cash flow of $2.3 million.

Key developments include the acquisition of four villages in Australia's Bowen Basin, securing contracts worth A$314 million, and repurchasing 883,000 shares (7% of outstanding) for $19.1 million. The company maintained its 2025 guidance with revenues of $640-670 million and Adjusted EBITDA of $86-96 million.

While Australian operations showed improvement with a 10% increase in Adjusted EBITDA, the Canadian segment faced challenges with a 37% revenue decline due to reduced customer spending in oil sands operations.

Civeo (NYSE:CVEO) has scheduled its second quarter 2025 earnings conference call for Tuesday, July 29, 2025, at 7:30 a.m. Central Time (8:30 a.m. Eastern Time). The company will release its Q2 2025 financial and operating results before market opens on the same day.

Investors can access the call via phone by dialing 877-423-9813 (U.S.) or 201-689-8573 (international) using conference ID: 13755145#. A replay will be available through August 8th. Alternatively, the webcast can be accessed through Civeo's Investor Relations website at www.civeo.com.

Civeo Corporation (NYSE: CVEO) has secured a significant four-year contract renewal with a major metallurgical coal producer in the Australian Bowen Basin. The contract, valued at approximately A$250 million, covers room and hospitality services provision from 2025 to 2029 at Civeo's Coppabella, Moranbah, and Nebo villages. The renewal was already factored into Civeo's 2025 revenue and Adjusted EBITDA guidance. CEO Bradley J. Dodson emphasized the company's unique ability to provide large-scale room supply with consistent service across multiple mining locations, highlighting their strong value proposition even during softer metallurgical coal market conditions.

Civeo Corporation (NYSE: CVEO) has secured a significant three-year integrated services contract with a major metallurgical coal producer in the Australian Bowen Basin. The contract, valued at approximately A$64 million, will run from June 2025 to 2028, marking Civeo's first integrated services contract in Queensland.

The agreement expands Civeo's relationship with one of its largest customers, who has been utilizing Civeo's village accommodations for over a decade. The contract scope includes onsite village catering, cleaning, and maintenance services at two villages. The company confirmed that this contract award was already included in their full-year 2025 revenue and Adjusted EBITDA guidance.

Civeo Corporation (NYSE: CVEO) reported mixed Q1 2025 financial results with revenue of $144.0 million, falling short of consensus estimates of $148.1 million. The company posted an Adjusted EBITDA of $12.7 million and adjusted EPS of ($0.72). The underperformance was primarily attributed to weakness in both pricing and billed rooms volume in the Canadian segment, although the Australian segment showed robust performance.

CVEO updated its 2025 guidance following a recent acquisition, projecting revenue between $640-670 million and Adjusted EBITDA of $86-96 million. Additionally, the company announced an increase in its share repurchase authorization from 10% to 20% of shares outstanding while suspending its quarterly cash dividend.

Civeo Corporation (NYSE:CVEO) has completed its acquisition of four villages with 1,340 rooms in Australia's Bowen Basin for A$105 million (US$67 million). The acquisition, funded through cash and credit facility borrowings, is expected to generate approximately US$32 million in annual revenue and US$17 million in Adjusted EBITDA. The transaction strengthens Civeo's presence in the Blackwater region and deepens relationships with metallurgical coal producers through take-or-pay contracts. Following this acquisition, Civeo has updated its 2025 guidance, projecting revenue of $640-670 million and Adjusted EBITDA of $86-96 million, while maintaining capital expenditure guidance at $20-25 million.

Civeo Corporation (NYSE: CVEO) reported challenging Q1 2025 financial results with negative free cash flow of ($13.5M), down from $7.2M in the prior year. The company posted revenues of $144.0M, a net loss of $9.8M, and Adjusted EBITDA of $12.7M. Despite near-term challenges, CVEO doubled its share repurchase authorization from 10% to 20% of shares outstanding and plans to use 100% of FCF for buybacks. The company suspended its quarterly dividend and repurchased 153,000 shares for approximately $3.3M. Net debt increased by $20.9M to $59.0M, with a net leverage ratio of 0.8x. CVEO revised its 2025 guidance, projecting revenue between $620M-$650M and Adjusted EBITDA of $75M-$85M.

Civeo reported Q1 2025 financial results with revenues of $144.0 million, a net loss of $9.8 million, and Adjusted EBITDA of $12.7 million. The company returned $6.8 million to shareholders through share repurchases and dividends.

Key developments include:

• Increased share repurchase authorization from 10% to 20% of shares outstanding
• Suspended quarterly cash dividend
• Progress on acquiring four villages in Australian Bowen Basin

Regional performance showed mixed results: Australian operations delivered 13% revenue growth to $103.6 million, while Canadian operations faced challenges with revenues declining 40% to $40.4 million. The company lowered its 2025 guidance to $620-650 million in revenue and $75-85 million in Adjusted EBITDA.

Civeo maintains a strong financial position with $162.2 million in total liquidity and a net leverage ratio of 0.8x as of March 31, 2025.

Civeo (NYSE: CVEO) has announced its upcoming first quarter 2025 earnings conference call, scheduled for Wednesday, April 30, 2025 at 7:30 a.m. Central Time (8:30 a.m. Eastern Time).

The company will release its financial and operating results before the market opens on the same day. Investors can participate through multiple channels:

• Phone Access: U.S. participants can dial 877-423-9813, while international callers should use 201-689-8573 (Conference ID: 13753431#)
• Replay Available: Through May 10th via 844-512-2921 (U.S.) or 412-317-6671 (International)
• Webcast Option: Available through Civeo's Investor Relations website at www.civeo.com under Events and Presentations

Participants are advised to connect at least 10 minutes before the call to register and download any necessary software. A webcast replay will be available after the call.