Welcome to our dedicated page for Civeo Cda news (Ticker: CVEO), a resource for investors and traders seeking the latest updates and insights on Civeo Cda stock.
Civeo Corporation reports recurring developments tied to workforce accommodations and hospitality services for natural resource and infrastructure-related workforces in Australia and Canada. The company provides lodging, food service, housekeeping, facility management, laundry, water and wastewater treatment, power generation, communications, security and logistics at owned and customer-owned lodges, villages and accommodation facilities.
CVEO news commonly covers quarterly results, Australian village and integrated services activity, Canadian oil sands occupancy and margin trends, cost actions, capital allocation through share repurchases, revolving credit facility amendments and board or shareholder-governance matters. Updates also reference demand from oil, metallurgical coal, liquefied natural gas, iron ore and North American infrastructure markets.
Civeo (NYSE: CVEO) reported 2Q26 revenue of $180.0M and adjusted EBITDA of $23.8M, exceeding Stonegate Capital Partners’ estimates of $173.1M and $21.3M and consensus revenue of $172.2M. Net loss narrowed to $2.5M from $3.3M.
Operating cash flow improved to $11.6M versus an outflow of $(2.3)M in the prior quarter, while capex of $3.7M remained maintenance-focused. Year-over-year, adjusted EBITDA declined from $25.0M, but Stonegate notes this reflects prior-period activist cost addbacks and timing items; unadjusted EBITDA increased y/y and 1H26 adjusted EBITDA rose 23% to $46.3M.
Civeo (NYSE:CVEO) reported second quarter 2026 revenues of $180.0 million, up 11% year over year, with a net loss of $2.5 million ($0.23 per diluted share) and Adjusted EBITDA of $23.8 million. Operating cash flow was $11.6 million.
Australia generated $125.4 million in revenue and $22.6 million of Adjusted EBITDA, while Canada delivered $54.6 million of revenue and $6.0 million of Adjusted EBITDA. As of June 30, 2026, net debt was $190.9 million with a net leverage ratio of 2.1x.
Subsequent to quarter-end, Civeo issued $115.0 million of 4.50% convertible senior notes due 2031 and used proceeds to repurchase 660,297 shares (~$22.3 million) and repay revolving credit borrowings. Full-year 2026 revenue guidance of $675–$700 million and Adjusted EBITDA guidance of $85–$90 million were reaffirmed.
Civeo (NYSE:CVEO) scheduled its second quarter 2026 earnings conference call for Thursday, July 30, 2026, at 8:30 a.m. Central Time (9:30 a.m. Eastern). The company will review its Q2 2026 financial and operating results, which will be released before the market opens that day. Investors can join by phone using the provided U.S. and international dial-in numbers and conference ID 13761993#, or via webcast through the Events and Presentations page of Civeo's Investor Relations website. A telephone replay will be available through May 11 using the same conference ID, and a webcast replay will also be accessible after the call.
Civeo (NYSE: CVEO) announced a six-year contract renewal for one of its Western Canada joint ventures to provide workforce accommodations and hospitality services.
The agreement now runs through June 30, 2032, extending contracts that were due to expire in 2027 and utilizing Civeo’s lodge network in Western Canada.
Civeo (NYSE: CVEO) priced a private offering of $100 million 4.50% convertible senior notes due 2031 to qualified institutional buyers under Rule 144A. Initial purchasers have a $15 million option. Net proceeds are estimated at $96.2–$110.8 million.
Civeo plans to use about $22.3 million to repurchase 660,297 common shares and the remainder to repay borrowings. The notes are convertible at 24.6840 shares per $1,000 (conversion price $40.51, a 20% premium to the $33.76 share price) and mature on August 1, 2031.
Civeo (NYSE:CVEO) reported Q1 2026 results: revenues $172.7M, net loss $3.8M (loss per diluted share $0.34) and Adjusted EBITDA $22.5M. Revenues rose ~20% YoY and Adjusted EBITDA rose 78% YoY.
Australia revenue $123.0M; Canada revenue $49.6M. Repurchased ~0.5M shares for $14.4M; amended credit agreement extends maturity to April 2030 and increases revolver to $285M. Full‑year revenue guidance raised to $675M–$700M; Adjusted EBITDA guidance maintained at $85M–$90M.
Civeo (NYSE:CVEO) amended its revolving credit agreement, extending maturity to April 2030 (from August 2028) and increasing total revolving capacity to $285 million (from $265 million). The company said the amendment strengthens liquidity and financial flexibility and supports its share repurchase program.
Civeo operates lodging and hospitality services across Australia and North America, with 26 owned lodges (~26,500 rooms) and services at 24 customer-owned locations (~19,500 rooms).
Civeo (NYSE:CVEO) will hold its First Quarter 2026 earnings conference call on Friday, May 1, 2026 at 10:00 a.m. CT (11:00 a.m. ET). The company will release first-quarter 2026 financial and operating results before the market opens on May 1.
Dial-in and webcast details are provided for live attendance; a telephonic replay and webcast replay will be available through May 11, 2026.
Lime Rock Partners (CVEO) announced a leadership transition on March 31, 2026, promoting Jeffrey Scofield to President and elevating Dylan Blackford to Managing Director. Co-founders Jonathan Farber and John Reynolds will shift to Senior Advisor and Chairman, respectively, as the firm prepares to launch its next fund.
The co-founders will remain active on the investment committee and on portfolio company boards, and J McLane will continue leading the Investment Committee.
Civeo (NYSE:CVEO) reported fourth quarter 2025 revenue of $161.6M, a Q4 net loss of $6.5M and operating cash flow of $19.3M. Full year 2025 revenue was $638.8M with a net loss of $20.1M and Adjusted EBITDA $88.2M.
Australia achieved record annual revenues of $460.3M. The company repurchased ~2.3M shares for $53.6M in 2025 and announced a further 10% repurchase authorization after completing the prior authorization.