Welcome to our dedicated page for Energy Services news (Ticker: ESOA), a resource for investors and traders seeking the latest updates and insights on Energy Services stock.
Energy Services of America (ESOA) delivers critical infrastructure solutions for natural gas pipelines, electrical installations, and energy sector maintenance. This news hub provides investors and industry professionals with authoritative updates on company developments.
Access timely press releases covering project milestones, strategic acquisitions, and operational updates across ESOA's core services. Our curated collection includes earnings reports, regulatory filings, and technical advancements in pipeline construction and mechanical services.
Discover how ESOA addresses energy infrastructure challenges through updates on utility partnerships, safety initiatives, and geographic expansion. The resource serves as a comprehensive reference for tracking contract awards, maintenance programs, and industry compliance developments.
Bookmark this page for direct access to verified information about ESOA's role in power generation, water distribution, and industrial contracting. Check regularly for insights into how the company maintains its position through technical expertise and operational excellence.
Energy Services of America (NASDAQ: ESOA) reported challenging fiscal Q2 2025 results, with revenue increasing 8% to $76.7 million but posting a significant net loss of $6.8 million ($0.41 per share). The quarter saw a dramatic decline in gross profit to just $78,000, down from $6.2 million in the prior year. Despite operational challenges, the company's backlog grew to $280.7 million, up from $222.8 million year-over-year.
The poor performance was primarily attributed to unfavorable weather conditions affecting fixed cost coverage, particularly in the C.J. Hughes business. The company's Gas & Water Distribution segment showed growth, offsetting declines in Gas & Petroleum Transmission. Management remains optimistic about the second half of fiscal 2025, citing strong demand for water distribution projects and potential growth from the Tribute acquisition completed in December 2024.
Energy Services of America (Nasdaq: ESOA) has announced its participation in the 37th Annual ROTH Conference scheduled for March 17, 2025. The company's management team will be available for one-on-one meetings with investors during the conference. Interested investors can arrange meetings through their ROTH representative or submit a direct request through the provided channel.
Energy Services of America (NASDAQ: ESOA) reported its fiscal first quarter 2025 results with revenue of $100.6 million, a 12% increase from the previous year. However, net income decreased to $854,000 ($0.05 per diluted share) compared to $2.0 million ($0.12 per diluted share) in Q1 2024.
The company's gross profit declined to $10.3 million with a margin of 10.2%, down from $10.8 million and 12.0% in the prior year. Backlog increased to $260.2 million as of December 31, 2024, up from $243.2 million in September 2024. The company completed the acquisition of Tribute Contracting & Consultants on December 2nd.
Management attributed lower profitability to weather conditions and project timing in the Gas & Water Distribution segment but expects margins to normalize in coming quarters. The company continues to see strong demand for infrastructure projects across its markets.
Energy Services of America (NASDAQ: ESOA) reported strong financial results for Q4 and fiscal year 2024. The company achieved annual revenue of $351.9 million, a 15.7% increase from the previous year, and gross profit grew 36% to $50.0 million. Net income reached $25.1 million ($1.51 per diluted share), including $11.4 million from a legal judgment.
Q4 revenue was $104.7 million with net income of $6.7 million ($0.40 per diluted share). The company's backlog stands at $243.2 million, up from $229.8 million year-over-year. Management expressed optimism about fiscal 2025, citing benefits from the Infrastructure and Jobs Act and recent acquisition of Tribute Contracting.
Energy Services of America (Nasdaq: ESOA) has completed the acquisition of Tribute Contracting & Consultants, an underground utility contractor specializing in water and wastewater system installations across Ohio, Kentucky, and West Virginia. The transaction, valued at $24 million, consists of $22 million in cash (subject to debt and working capital adjustments) and $2 million in ESOA common stock. Tribute brings approximately 90 construction workers to Energy Services, strengthening the company's presence in water distribution and wastewater sectors.
Energy Services of America (Nasdaq: ESOA) has announced the initiation of a quarterly cash dividend of $0.03 per common share. The dividend will be payable on January 2, 2025, to shareholders of record as of December 13, 2024. This move represents an increase in the company's annual dividend from $0.06 to $0.12 per share, demonstrating the company's commitment to shareholder returns.
Energy Services of America (ESOA) announced that its President, Doug Reynolds, and CFO, Charles Crimmel, will present at the Southwest IDEAS Investor Conference on November 21, 2024, at The Statler in Dallas, TX. The presentation is scheduled for 11:30am CT and will be accessible via webcast through the conference website. Interested parties can contact Lacey Wesley for more information about the IDEAS conferences.
Energy Services of America (Nasdaq: ESOA) has announced that its President, Doug Reynolds, will deliver a presentation at the 16th Annual Southwest IDEAS Investor Conference. The event will take place on November 21, 2024, at The Statler in Dallas, TX, with the company's presentation scheduled for 11:30am CT.
The presentation will be accessible via webcast through the conference host's website at threepartadvisors.com/southwest. Interested parties can contact Lacey Wesley for more information about the IDEAS conferences.
Energy Services of America (NASDAQ: ESOA) has announced the acquisition of Tribute Contracting & Consultants, an underground utility contractor specializing in water and wastewater system installations across Ohio, Kentucky, and West Virginia. The transaction, valued at $22 million in cash (less assumed debt and working capital adjustments) plus $2 million in ESOA common stock, is expected to close in early December. Tribute's founders, Tom Enyart and Todd Harrah, will continue their roles under the new subsidiary, Tribute Acquisition Company.
Energy Services of America (ESOA) has announced its participation in the 15th Annual Midwest IDEAS Investor Conference on August 29th, 2024, at The Gwen in Chicago, IL. The company's management is scheduled to deliver a presentation at 12:30pm ET, which will be accessible via webcast through the conference host's website.
In addition to the presentation, Energy Services will be hosting one-on-one meetings throughout the day. Investors interested in attending or learning more about the IDEAS conferences are encouraged to contact Steven Hooser for further information. This event provides an opportunity for ESOA to showcase its business to potential investors and engage with the financial community.
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