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.
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.
Civeo (NYSE:CVEO) scheduled its fourth quarter 2025 earnings conference call for Tuesday, March 3, 2026 at 10:00 a.m. Central Time (11:00 a.m. Eastern). The company will release fourth quarter and full year 2025 financial and operating results before markets open March 3.
Investors may join by phone (U.S. 877-423-9813; international 201-689-8573) using conference ID 13759022#, or via webcast on the company's Investor Relations Events and Presentations page. Replays will be available through March 13 by phone and as a webcast replay after the call.
Civeo (NYSE: CVEO) was awarded a four-year integrated services contract with Ontario’s Ministry of the Solicitor General to produce and transport about 20,000 meals per day to ten provincial correctional facilities, starting in April 2026 with transition activities beforehand. The contract includes a two-year extension option and uses centralized cook-chill production. The agreement is expected to generate approximately C$24 million in revenue in the first year.
Civeo (NYSE: CVEO) appointed Jeffrey B. Scofield and Daniel B. Silvers to its Board of Directors effective immediately, under a cooperation agreement with Engine Capital LP and certain affiliates.
The Board will temporarily expand to 11 directors; two incumbent directors will not stand for reelection at the Company’s 2026 Annual Meeting, when the Board will return to nine directors, eight of whom will be independent.
Mr. Scofield joins the Audit and Finance and Investment Committees; Mr. Silvers joins the Compensation and Environmental, Social, Governance & Nominating Committees. The Agreement includes customary standstill, voting and other provisions; its full text will be filed on Form 8-K.
Summary not available.
Civeo (NYSE:CVEO) scheduled its Q3 2025 earnings conference call for Friday, October 31, 2025 at 7:30 a.m. CT (8:30 a.m. ET).
The company will release third quarter 2025 financial and operating results before market open on October 31, 2025 and discuss them on the call. Investors may join by phone (877-423-9813 U.S.; 201-689-8573 international) using conference ID 13756815#, or by webcast via Civeo's Investor Relations Events and Presentations page at www.civeo.com. Participants should log in or dial in at least 10 minutes early.
A replay will be available through November 10, 2025 by phone (844-512-2921 U.S.; 412-317-6671 international) using conference ID 13756815#, and a webcast replay will be posted after the call.
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.