Energy Services of America Corporation Announces Pricing of $20.0 Million Public Offering of Common Stock

Rhea-AI Summary

Energy Services of America (NASDAQ:ESOA) priced an underwritten public offering of 1,740,000 common shares at $11.50 per share, with a 30-day underwriter option for up to 261,000 additional shares. Aggregate gross proceeds are approximately $20.0 million (about $23.0 million if the option is exercised).

The company expects the offering to close on February 20, 2026. Net proceeds are intended for general corporate purposes, working capital and potential acquisitions; no specific acquisition is currently planned.

Positive

• Underwritten offering sized at $20.0 million gross proceeds
• Underwriter option could raise aggregate proceeds to $23.0 million

Negative

• Issuance of 1,740,000 shares will dilute existing shareholders
• Proceeds described as before underwriting discounts, commissions and expenses

News Market Reaction – ESOA

-4.73%

9 alerts

-4.73% News Effect

+14.3% Peak Tracked

-5.8% Trough Tracked

-$12M Valuation Impact

$243M Market Cap

0.3x Rel. Volume

On the day this news was published, ESOA declined 4.73%, reflecting a moderate negative market reaction. Argus tracked a peak move of +14.3% during that session. Argus tracked a trough of -5.8% from its starting point during tracking. Our momentum scanner triggered 9 alerts that day, indicating moderate trading interest and price volatility. This price movement removed approximately $12M from the company's valuation, bringing the market cap to $243M at that time.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Primary shares offered: 1,740,000 shares Offering price: $11.50 per share Underwriter option shares: 261,000 shares +3 more

6 metrics

Primary shares offered 1,740,000 shares Underwritten public offering of common stock

Offering price $11.50 per share Public offering price to investors

Underwriter option shares 261,000 shares 30-day option to purchase additional common stock

Gross proceeds $20.0 million Before fees and expenses, excluding option exercise

Gross proceeds with option $23.0 million Assuming full exercise of underwriter option, before fees

Closing date February 20, 2026 Expected closing of the offering, subject to conditions

Market Reality Check

Price: $14.00 Vol: Volume of 489,920 is abou...

high vol

$14.00 Last Close

Volume Volume of 489,920 is about 1.62x the 20-day average of 301,926, showing elevated trading ahead of the offering. high

Technical Shares traded at $14.38, above the $9.86 200-day MA and within 3.59% of the $14.92 52-week high before this pricing news.

Peers on Argus

While ESOA was up 1.48% pre-offering, several construction peers like ONEG and S...

While ESOA was up 1.48% pre-offering, several construction peers like ONEG and SLND showed double-digit declines, pointing to stock-specific dynamics rather than a sector-wide move.

Previous Offering Reports

1 past event · Latest: Feb 18 (Negative)

Same Type Pattern 1 events

Date	Event	Sentiment	Move	Catalyst
Feb 18	Equity offering announced	Negative	+1.5%	Proposed underwritten stock offering with 30-day 15% underwriter option.

Pattern Detected

The prior offering-related announcement on Feb 18, 2026 saw a positive 1.48% move, indicating the stock has previously traded higher despite equity financing headlines.

Recent Company History

Recent ESOA news shows solid operating momentum and active capital markets activity. On Feb 18, 2026, the company announced a proposed common stock offering with a 30-day underwriter option for up to 15% more shares, targeting general corporate purposes, working capital, and acquisitions, and the stock rose 1.48%. Today’s pricing announcement formalizes that plan, following strong quarterly results and growing backlog reported earlier in fiscal 2026.

Historical Comparison

+1.5% avg move · In the past year, ESOA had 1 prior offering-related headline, which saw a 1.48% gain. Today’s pricin...

offering

+1.5%

Average Historical Move offering

In the past year, ESOA had 1 prior offering-related headline, which saw a 1.48% gain. Today’s pricing step continues that same financing process rather than a new capital action.

The capital-raising sequence progressed from a proposed underwritten common stock offering on Feb 18, 2026 to a fully priced transaction, keeping use of proceeds focused on general purposes, working capital, and potential acquisitions.

Market Pulse Summary

This announcement finalizes ESOA’s equity raise, with 1,740,000 shares priced at $11.50 and a potent...

Analysis

This announcement finalizes ESOA’s equity raise, with 1,740,000 shares priced at $11.50 and a potential 261,000-share underwriter option, targeting up to $23.0 million in gross proceeds. It follows earlier offering and strong earnings disclosures, highlighting a strategy of funding general corporate needs, working capital, and potential acquisitions. Investors may watch execution of these plans, future acquisition activity, and how added share count interacts with growth and backlog trends.

Key Terms

underwritten public offering, prospectus supplement, shelf registration statement, form s-3, +1 more

5 terms

underwritten public offering financial

"announced the pricing of an underwritten public offering of 1,740,000 shares"

An underwritten public offering is when a company sells new shares of its stock to the public with the help of a financial firm, called an underwriter. The underwriter agrees to buy all the shares upfront, reducing the company's risk, and then sells them to investors. This process helps companies raise money quickly and confidently from a wide range of buyers.

prospectus supplement regulatory

"a preliminary prospectus supplement for the offering to which this press release"

A prospectus supplement is an additional document provided alongside a company's main offering details, offering updated or extra information about a specific financial product being sold. It helps investors understand the latest terms, risks, and details of the investment, similar to how an update or revision clarifies or expands on original instructions, ensuring they have current and complete information before making a decision.

shelf registration statement regulatory

"filed with the Securities and Exchange Commission a shelf registration statement"

A shelf registration statement is a document a company files with regulators that allows it to sell shares or bonds quickly when it’s a good time to raise money. It’s like having a pre-approved plan ready so the company can act fast without going through lengthy paperwork each time they want to sell, making fundraising more flexible.

form s-3 regulatory

"shelf registration statement (including a prospectus) on Form S-3 (File No."

Form S-3 is a legal document companies use to register their stock sales with the government, making it easier and faster for them to raise money by selling shares to investors. It’s like having a pre-approved shopping list that lets a company quickly sell new shares when they need funds, without going through a lengthy approval process each time.

edgar regulatory

"obtained for free by visiting EDGAR on the SEC website at www.sec.gov"

EDGAR is a system used by companies to share important financial and business information with the public. It functions like an online filing cabinet where investors can access official reports and documents that help them understand a company's financial health and operations. This transparency allows investors to make more informed decisions, much like checking a company's report card before investing.

AI-generated analysis. Not financial advice.

HUNTINGTON, W.Va., Feb. 19, 2026 /PRNewswire/ -- Energy Services of America Corporation (the "Company"), today announced the pricing of an underwritten public offering of 1,740,000 shares of its common stock at a price to the public of $11.50 per share. The Company also granted the underwriter a 30-day option to purchase up to an additional 261,000 shares of common stock.

The aggregate gross proceeds to the Company from the offering will be approximately $20.0 million before underwriting discounts and commissions and expenses related to the offering. Assuming full exercise by the underwriter of its option to purchase additional shares, the aggregate gross proceeds to the Company from the offering would be approximately $23.0 million before underwriting discounts and commissions and expenses related to the offering. The Company intends to use the net proceeds from the offering for general corporate purposes, working capital and for potential acquisitions. The Company has no current plans, arrangements or understandings relating to any specific acquisition or similar transaction. The offering is expected to close on February 20, 2026, subject to customary closing conditions.

Lake Street Capital Markets, LLC is serving as the sole underwriter for the offering.

Roth Capital Partners acted as financial advisor to the Company for the offering.

The Company has filed with the Securities and Exchange Commission (the "SEC") a shelf registration statement (including a prospectus) on Form S-3 (File No. 333-280025) and a preliminary prospectus supplement for the offering to which this press release relates. Before you invest, you should read the preliminary prospectus supplement and the accompanying prospectus, including the information incorporated by reference therein, and the other documents we have filed and will file with the SEC for more complete information about the Company and this offering. The proposed offering is being made only by means of an effective shelf registration statement, including a preliminary prospectus supplement and final prospectus supplement, copies of which may be obtained for free by visiting EDGAR on the SEC website at www.sec.gov. Additionally, electronic copies of the preliminary prospectus supplement and the accompanying prospectus may be obtained from Lake Street Capital Markets, LLC, Attn: Syndicate Department, 121 S 8th St, Suite 1000, Minneapolis, MN 55402, by calling (612) 326-1305, or by emailing syndicate@lakestreetcm.com.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. 

About Energy Services of America Corporation

Energy Services of America Corporation (NASDAQ: ESOA), headquartered in Huntington, WV, is a contractor and service company that operates primarily in the mid-Atlantic and Central regions of the United States and provides services to customers in the natural gas, petroleum, water distribution, automotive, chemical, and power industries. Energy Services employs 1,500+ employees on a regular basis. The Company's core values are safety, quality, and production.

Forward-Looking Statements

The information disclosed in this press release includes various forward-looking statements that are made in reliance upon the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The words "anticipates," "projects," "intends," "estimates," "expects," "believes," "plans," "may," "will," "should," "could," and other similar expressions are intended to identify such forward-looking statements. The Company cautions that these forward-looking statements are necessarily speculative and speak only as of the date made, and are subject to numerous assumptions, risks and uncertainties, all of which may change over time. Actual results could differ materially from such forward-looking statements. Accordingly, you should not place undue reliance on forward-looking statements. In addition to the specific risk factors disclosed in the Company's Annual Report on Form 10-K for the year ended September 30, 2025, the following factors, among others, could cause actual results to differ materially and adversely from such forward-looking statements: projected revenues, net income, earnings per share, margins, cash flows, liquidity, weighted average shares outstanding, capital expenditures, tax rates and other projections of operating or financial results; expectations regarding our business or financial outlook; expectations regarding opportunities, trends and economic and regulatory conditions in particular markets or industries; expectations regarding our plans and strategies; the business plans or financial condition of our customers; the potential impact of commodity prices and commodity production volumes on our business, financial condition, results of operations and cash flows and demand for our services; the potential benefits from, and future performance of, acquired businesses and our investments; beliefs and assumptions about the collectability of receivables; the expected value of contracts or intended contracts with customers, as well as the scope, services, term or results of any awarded or expected projects; the development of and opportunities with respect to future projects, including pipeline projects; future capital allocation initiatives, including the amount, timing and strategies with respect to any future stock repurchases, and expectations regarding the declaration, amount and timing of any future cash dividends; the impact of existing or potential legislation or regulation; potential opportunities that may be indicated by bidding activity or similar discussions with customers; the future demand for and availability of labor resources in the industries we serve; the expected realization of remaining performance obligations or backlog; the expected outcome of pending or threatened legal proceedings. The Company does not undertake and specifically declines any obligation to publicly release the results of any revisions that may be made to any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.

 

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SOURCE Energy Services of America Corporation

FAQ

How large is Energy Services of America's (ESOA) February 19, 2026 stock offering?

The offering is for 1,740,000 shares at $11.50 each, totaling about $20.0 million gross. According to the company, the underwriter has a 30-day option to buy an extra 261,000 shares, which would raise gross proceeds to about $23.0 million.

When is the ESOA public offering expected to close and who underwrites it?

The offering is expected to close on February 20, 2026, subject to customary conditions. According to the company, Lake Street Capital Markets is the sole underwriter and Roth Capital Partners acted as financial advisor.

What will Energy Services of America (ESOA) use the net proceeds from the offering for?

Net proceeds are intended for general corporate purposes, working capital, and potential acquisitions. According to the company, there are no current plans or understandings for a specific acquisition at this time.

What is the underwriter option in ESOA's offering and how much could it add?

The underwriter has a 30-day option to purchase up to 261,000 additional shares, potentially increasing gross proceeds to approximately $23.0 million. According to the company, exercise is at the underwriter's discretion within 30 days.

How can investors obtain ESOA's prospectus and offering documents for the February 2026 offering?

Investors can obtain electronic copies of the preliminary prospectus supplement and prospectus for free from EDGAR at the SEC website. According to the company, Lake Street Capital Markets also provides copies by contact or email as listed.