Stonegate Capital Partners Updates Coverage on Civeo Corporation (CVEO) 2025 Q2

Rhea-AI Summary

Civeo Corporation (NYSE:CVEO) released its Q2 2025 financial results, reporting revenue of $162.7M and Adjusted EBITDA of $25.0M. The company posted an Adjusted EPS loss of ($0.25), falling below consensus estimates of $0.18.

Key developments include the acquisition of four villages in Australia's Bowen Basin and securing multi-year contracts worth A$314M in expected revenue. The company also completed a share repurchase program, buying back 7% of shares outstanding for $19.1M. While the Australian segment showed strength, Canadian operations continued to face macro-driven headwinds.

Positive

• Strategic acquisition of four villages in Australia's Bowen Basin strengthening regional presence
• Secured significant multi-year contracts worth A$314M in the Bowen Basin
• Completed share repurchase of 7% of outstanding shares for $19.1M
• Australian segment performance exceeded expectations

Negative

• Revenue of $162.7M fell below consensus estimates of $163.0M
• Adjusted EPS of ($0.25) missed estimates of $0.18
• Year-over-year decline in Adjusted EBITDA
• Continued operational challenges in Canadian business

Dallas, Texas--(Newsfile Corp. - July 29, 2025) - Civeo Corporation (NYSE: CVEO): Stonegate Capital Partners updates their coverage on Civeo Corporation. CVEO reported 2Q25 revenue, Adj. EBITDA, and Adj. EPS of $162.7M, $25.0M, and ($0.25), respectively. This compares to our/consensus estimates of $167.5M/$163.0M, $25.6M/$22.6M, and $0.03/$0.18, respectively. Revenue was slightly below expectations, with upside driven by the Australian segment and offset by continued macro-driven headwinds in Canada. Adjusted EBITDA declined y/y, primarily due to the continued challenges in the Canadian business.

To view the full announcement, including downloadable images, bios, and more, click here.

Key Takeaways:

• Reported $162.7M in revenue and $25.0M in Adjusted EBITDA; repurchased ~7% of shares outstanding for $19.1M.
• Completed acquisition of four villages in Australia's Bowen Basin, strengthening regional footprint.
• Awarded multi-year contracts in the Bowen Basin totaling A$314M in expected revenue.

Click image above to view full announcement.

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About Stonegate

Stonegate Capital Partners is a leading capital markets advisory firm providing investor relations, equity research, and institutional investor outreach services for public companies. Our affiliate, Stonegate Capital Markets (member FINRA) provides a full spectrum of investment banking, equity research and capital raising for public and private companies.

Contacts:

Stonegate Capital Partners
(214) 987-4121
info@stonegateinc.com

Source: Stonegate, Inc.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/260587

FAQ

What were Civeo Corporation's (CVEO) Q2 2025 earnings results?

Civeo reported revenue of $162.7M, Adjusted EBITDA of $25.0M, and Adjusted EPS of ($0.25), falling below consensus estimates.

How many shares did CVEO repurchase in Q2 2025?

Civeo repurchased approximately 7% of shares outstanding for $19.1M.

What acquisitions did Civeo (CVEO) complete in Q2 2025?

Civeo acquired four villages in Australia's Bowen Basin, strengthening their regional footprint.

What new contracts did CVEO secure in the Bowen Basin?

Civeo secured multi-year contracts in the Bowen Basin totaling A$314M in expected revenue.

How did Civeo's Canadian operations perform in Q2 2025?

Civeo's Canadian operations continued to face macro-driven headwinds, contributing to a year-over-year decline in Adjusted EBITDA.