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Civeo Corporation 8-K Filings

CVEO NYSE

Every 8-K that Civeo Corporation (CVEO) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.

A 8-K covers material events a company has to report between its quarterly reports, so if you follow CVEO and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full CVEO filings page.

Rhea-AI Summary

Civeo Corporation reported second-quarter 2026 revenue of $180.0 million, up from $162.7 million a year earlier, with a net loss of $2.5 million, or $0.23 per diluted share, versus a $3.3 million loss, or $0.25 per share, in 2025. Adjusted EBITDA was $23.8 million, slightly below $25.0 million a year ago, as growth in integrated services and a stronger Australian dollar were offset by Canadian contract start-up costs and softer Australian owned-village occupancy.

The Australian segment generated Q2 2026 revenue of $125.4 million and Adjusted EBITDA of $22.6 million, while Canada produced revenue of $54.6 million and Adjusted EBITDA of $6.0 million. Revenues increased 11% in Australia and 9% in Canada, driven by expanded integrated services activity, higher Canadian occupancy and foreign-exchange tailwinds.

As of June 30, 2026, Civeo had $82.2 million of liquidity, total debt of $208.6 million, net debt of $190.9 million and a net leverage ratio of 2.1x. In July, it issued $115.0 million of 4.50% convertible senior notes due 2031 with a $40.51 conversion price and concurrently repurchased 660,297 shares for approximately $22.3 million, using remaining proceeds to repay revolver borrowings. The company reaffirmed full-year 2026 guidance for revenue of $675–$700 million, Adjusted EBITDA of $85–$90 million and capital expenditures of $25–$30 million.

Rhea-AI Summary

Civeo Corporation completed a private offering of $100,000,000 of 4.50% Convertible Senior Notes due 2031. The company received net proceeds of about $96.2 million, using roughly $22.3 million to repurchase 660,297 common shares and planning to apply the remainder to repay borrowings under its syndicated credit facility.

The notes bear 4.50% annual interest, payable semi-annually, and mature on August 1, 2031. They are convertible at an initial rate of 24.6840 common shares per $1,000 principal (about $40.51 per share), with a maximum of 2,962,080 shares issuable, or 3,406,392 shares if the initial purchasers’ option for an additional $15,000,000 of notes is fully exercised.

Rhea-AI Summary

Civeo Corporation filed a current report describing two key developments. First, a Western Canada joint venture secured a six-year contract renewal for workforce accommodations and hospitality services, extending the relationship through June 30, 2032 and replacing agreements that would have expired in 2027. Second, Civeo announced the pricing of a private offering of $100.0 million aggregate principal amount of 4.50% convertible senior notes due 2031, with an additional $15.0 million option for initial purchasers. The company expects net proceeds of about $96.2 million (or $110.8 million if the option is fully exercised), plans to use approximately $22.3 million to repurchase 660,297 common shares in concurrent private transactions, and intends to apply the remaining proceeds to repay borrowings under its syndicated facility.

Rhea-AI Summary

Civeo Corporation reported the results of its 2026 Annual General Meeting of Shareholders. Shareholders elected six directors across Class II and Class III, with each nominee receiving more than 8.29 million votes in favor.

They also approved, on an advisory basis, the compensation of the named executive officers and approved an amendment to the 2014 Equity Participation Plan to increase the number of shares available for issuance by 520,920 shares, subject to adjustment under the plan. In addition, shareholders ratified the appointment of Ernst & Young LLP as independent registered public accounting firm for the year ending December 31, 2026.

Rhea-AI Summary

Civeo Corporation reported a much improved first quarter 2026, with strong top-line and profit growth but a small net loss. Revenue rose to $172.7 million, up 20% from $144.0 million a year earlier. Net loss narrowed to $3.8 million, or $0.34 per diluted share, compared with a $9.8 million loss, or $0.72 per share, in the prior-year quarter.

Adjusted EBITDA increased 78% to $22.5 million, driven by margin expansion in Canada and contributions from recently acquired Australian villages, aided by a stronger Australian dollar. Civeo repurchased 0.5 million shares, about 4% of shares outstanding as of December 31, 2025, and finished roughly 96% of its April 2025 repurchase authorization.

The company ended March 31, 2026 with total liquidity of about $68.4 million and net debt of $198.9 million, implying a 2.2x net leverage ratio. It amended its credit agreement in April 2026, extending maturity to April 2030 and increasing revolving capacity to $285 million. For full-year 2026, Civeo lifted the low end of its revenue outlook to a range of $675 million to $700 million and reaffirmed Adjusted EBITDA guidance of $85 million to $90 million and capital spending of $25 million to $30 million.

Rhea-AI Summary

Civeo Corporation entered into an Amended and Restated Syndicated Facility Agreement, replacing its prior syndicated credit agreement. The new arrangement provides a $285.0 million senior secured revolving credit facility, upsizing total commitments by $20.0 million and extending the maturity to April 23, 2030.

The facility is allocated as $205.0 million for the parent company, $10.0 million for two U.S. subsidiaries, and $70.0 million for an Australian subsidiary. Borrowings bear interest at benchmark rates plus variable margins tied to Civeo’s total net leverage to EBITDA, and are secured by substantially all assets of the company and its significant subsidiaries, subject to customary exceptions. The agreement includes quarterly-tested covenants on maximum total net leverage and senior secured net leverage.

Rhea-AI Summary

Civeo Corporation reported that director Charles Szalkowski has informed the Board that he will retire from the Board at the company’s 2026 annual general meeting of shareholders. He will continue to serve as a director until that meeting.

The company stated that Mr. Szalkowski’s decision to retire was not due to any disagreement with Civeo regarding its operations, policies or practices. Civeo also noted that, as previously disclosed, the size of the Board will be reduced to nine directors effective as of the 2026 annual meeting.

Rhea-AI Summary

Civeo Corporation reported fourth quarter and full year 2025 results showing stronger cash generation but continued net losses. Fourth quarter 2025 revenue was $161.6 million with a net loss of $6.5 million and Adjusted EBITDA of $21.7 million, up from $11.4 million a year earlier.

For full year 2025, revenue was $638.8 million and net loss was $20.1 million, while Adjusted EBITDA rose to $88.2 million. The Australian segment delivered record annual revenue of $460.3 million and higher Adjusted EBITDA, and Canadian margins improved meaningfully due to cost reductions.

Civeo repurchased 2.3 million shares for about $53.6 million in 2025, roughly 17% of shares outstanding as of December 31, 2024, and has nearly completed a 20% authorization. The board approved an additional authorization for up to 10% more. For 2026, the company guides to revenue of $650–$700 million and Adjusted EBITDA of $85–$90 million.

Rhea-AI Summary

Civeo Corporation entered into a cooperation agreement with investment firm Engine Capital LP, leading to the appointment of two new directors, Jeffrey B. Scofield and Daniel B. Silvers, to its Board. Scofield joins as a Class I director with a term running to the 2027 annual meeting, while Silvers joins as a Class III director with a term running to the 2026 annual meeting and is expected to stand for re-election through 2027.

Under the agreement, Scofield will serve on the Audit Committee and the Finance and Investment Committee, and Silvers will serve on the Compensation Committee and the Environmental, Social, Governance and Nominating Committee. The arrangement includes standstill, voting and mutual non-disparagement provisions through dates tied to the 2026 and 2027 annual meetings, and limits Board size to no more than nine members for a defined period. Each new director will receive a $75,000 annual cash retainer and annual restricted share awards valued at $125,000, plus an initial restricted share grant of $125,000 at appointment.

Rhea-AI Summary

Civeo Corporation furnished an Item 2.02 Form 8-K stating it issued a press release with its financial condition and results of operations for the quarter ended September 30, 2025. The press release is furnished as Exhibit 99.1 and incorporated by reference.

The company noted the furnished information is not deemed “filed” for purposes of Section 18 of the Exchange Act. The report was signed by E. Collin Gerry, Senior Vice President, Chief Financial Officer and Treasurer, on October 31, 2025.

Rhea-AI Summary

Civeo Corporation (CVEO) filed an 8-K to disclose exhibits tied to a material event: an Investor Presentation dated September 30, 2025 and a cover page interactive data file. The filing includes standard boilerplate stating the exhibit information is not "filed" for purposes of Section 18 of the Exchange Act and is not incorporated by reference except where expressly specified. The form is signed by E. Collin Gerry, Senior Vice President, Chief Financial Officer and Treasurer. No financial statements, earnings figures, transactions, or forward-looking guidance appear in the submitted text.