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.
AI-generated analysis. Not financial advice.
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 – CVEO
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 $268.80M 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