Stonegate Capital Partners Updates Coverage on Civeo Corporation (CVEO) 2025 Q3
Rhea-AI Summary
Civeo Corporation (NYSE: CVEO) reported 2025 Q3 results with $170.5M revenue and $28.8M adjusted EBITDA versus Stonegate/consensus estimates of $175.9M/$173.5M and $27.7M/$27.8M respectively. The year-over-year EBITDA gain reflected strength in Australia and Canada cost cuts. Operating cash flow was $13.8M and capital expenditures were $5.6M, mainly for lodge and village maintenance. The company ended the quarter with net debt of $176M, net leverage of 2.1x, and liquidity of approximately $70M. Management repurchased about 8% of shares in 3Q25 (~1.05M shares). FY25 guidance was tightened to $640–$655M revenue and $86–$91M adjusted EBITDA.
Positive
- Adjusted EBITDA of $28.8M exceeded consensus EBITDA of $27.8M
- Operating cash flow of $13.8M
- Repurchased ~8% of shares in 3Q25 (~1.05M shares)
- Net leverage of 2.1x indicating moderate balance-sheet leverage
Negative
- Revenue of $170.5M missed consensus of $173.5M
- Tightened FY25 revenue guidance to $640–$655M (reduced range implies lower upside)
- Net debt of $176M and liquidity of only ~$70M
News Market Reaction
On the day this news was published, CVEO gained 11.60%, reflecting a significant positive market reaction. Argus tracked a trough of -3.8% from its starting point during tracking. Our momentum scanner triggered 16 alerts that day, indicating notable trading interest and price volatility. This price movement added approximately $28M to the company's valuation, bringing the market cap to $269M at that time. Trading volume was elevated at 2.4x the daily average, suggesting notable buying interest.
Data tracked by StockTitan Argus on the day of publication.
Dallas, Texas--(Newsfile Corp. - October 31, 2025) - Civeo Corporation (NYSE: CVEO): Stonegate Capital Partners updates their coverage on Civeo Corporation (NYSE: CVEO). CVEO reported revenue and adj EBITDA of
To view the full announcement, including downloadable images, bios, and more, click here.
Key Takeaways:
- Reported
$170.5M in revenue and$28.8M in Adjusted EBITDA; repurchased ~8% of shares in 3Q25 (~1.05M shares). - Australia delivered y/y and sequential growth (aided by the Bowen Basin acquisition), while Canadian cost actions expanded gross margin to
22.5% despite lower occupancy. - Tightened FY25 guidance to
$640 -$655M in revenue and$86 -$91M in Adjusted EBITDA.
Click image above to view full announcement.
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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/272813
FAQ
What were Civeo (CVEO) 2025 Q3 revenue and adjusted EBITDA?
How did Civeo (CVEO) 3Q25 results compare to Stonegate and consensus estimates?
What is Civeo's (CVEO) FY25 guidance after the 3Q25 update?
How much debt and liquidity did Civeo (CVEO) report at the end of 3Q25?
Did Civeo (CVEO) buy back shares in 3Q25 and how much?
