Earnings summaries and quarterly performance for Civeo.
Executive leadership at Civeo.
Board of directors at Civeo.
Research analysts who have asked questions during Civeo earnings calls.
David Storms
Stonegate Capital Partners
4 questions for CVEO
Also covers: ACOG, AMTX, ARLP +19 more
Steve Ferazani
Sidoti & Company
4 questions for CVEO
Also covers: AROC, ASTE, BRC +16 more
Stephen Gengaro
Stifel Financial Corp.
3 questions for CVEO
Also covers: ACDC, AESI, AMRC +24 more
Jawad Bhuiyan
Stifel
1 question for CVEO
Also covers: BLNK, BOOM
John Daniel
Daniel Energy Partners
1 question for CVEO
Also covers: ACDC, CLB, DTI +19 more
Josh Jane
Daniel Energy Partners
1 question for CVEO
Also covers: MRC, NE, WFRD
Sean Mitchell
Daniel Energy Partners
1 question for CVEO
Also covers: AESI, ARIS, CLB +10 more
Recent press releases and 8-K filings for CVEO.
Civeo Reports Q3 2025 Results with Revenue Miss and Share Buybacks
CVEO
Earnings
Guidance Update
Share Buyback
- Civeo Corporation reported Q3 2025 revenue of approximately $170.5 million, which slightly missed Wall Street estimates, but achieved increased operating income and improved net income.
- The company's Australian segment demonstrated strength with increased revenues and occupancy, while the Canadian segment experienced revenue declines due to reduced client maintenance work.
- Civeo repurchased about 8% of its shares, completing nearly 70% of its current buyback plan, and narrowed its 2025 revenue guidance to between $640 million and $655 million.
- Despite missing revenue estimates for the last four quarters, analysts maintain a 'strong buy' rating on Civeo stock.
Oct 31, 2025, 6:12 PM
Civeo Reports Q3 2025 Results, Updates Guidance, and Progresses Share Buyback
CVEO
Earnings
Guidance Update
Share Buyback
- Civeo reported Q3 2025 revenues of $170.5 million and Adjusted EBITDA of $28.8 million, resulting in a net loss of $0.5 million or $0.04 per dividend share.
- The company made significant progress on its share repurchase authorization, buying back approximately 1 million common shares in Q3 2025 and completing 69% of the new authorization as of September 30, 2025.
- Full-year 2025 guidance was tightened, with expected revenues between $640 million and $655 million and Adjusted EBITDA between $86 million and $91 million.
- Australian revenues increased 7% year-over-year, and Adjusted EBITDA grew 19%, primarily due to the recent acquisition of four villages, while Canadian cost-cutting measures led to a 35% increase in gross profit despite lower revenues.
- Civeo's net leverage ratio was 2.1 times as of September 30, 2025, and the company intends to use no less than 100% of annual free cash flow for share repurchases.
Oct 31, 2025, 12:30 PM
Civeo Corporation Reports Q3 2025 Results and Updates Full-Year Guidance
CVEO
Earnings
Share Buyback
Guidance Update
- Civeo Corporation reported Q3 2025 revenues of $170.5 million and an adjusted EBITDA of $28.8 million, with a net loss of $0.5 million.
- The company repurchased approximately 1 million common shares in Q3 2025, completing 69% of its new buyback authorization as of September 30, 2025.
- Australia's segment revenue increased 7% year-over-year to $124.5 million, with adjusted EBITDA growing 19% to $26.7 million, primarily driven by a recent acquisition and higher occupancy.
- Canada's segment adjusted EBITDA increased to $8 million from $3.4 million in Q3 2024, largely due to cost-reduction measures that included a 29% reduction in direct field-level costs.
- Civeo tightened its full-year 2025 guidance, now expecting revenues between $640 million and $655 million and adjusted EBITDA between $86 million and $91 million.
Oct 31, 2025, 12:30 PM
Civeo Reports Q3 2025 Results and Updates Full-Year Guidance
CVEO
Earnings
Guidance Update
Share Buyback
- Civeo Corporation reported Q3 2025 revenues of $170.5 million, a net loss of $0.5 million, and Adjusted EBITDA of $28.8 million, compared to Q3 2024 revenues of $176.3 million, a net loss of $5.1 million, and Adjusted EBITDA of $18.8 million.
- The company repurchased 1.05 million common shares in Q3 2025, completing 69% of its current share repurchase authorization, and has returned approximately $52 million to shareholders year-to-date.
- Civeo tightened its full-year 2025 guidance, projecting revenues of $640 million to $655 million and Adjusted EBITDA of $86 million to $91 million.
- The Australian segment's Q3 2025 revenues increased 7% year-over-year to $124.5 million, with Adjusted EBITDA up 19% to $26.7 million. In Canada, despite lower revenues of $46.0 million, Adjusted EBITDA improved to $8.0 million from $3.4 million in Q3 2024, driven by cost-cutting efforts.
- As of September 30, 2025, Civeo's net debt stood at $175.9 million, resulting in a net leverage ratio of 2.1x.
Oct 31, 2025, 11:35 AM
Civeo Reports Third Quarter 2025 Results
CVEO
Earnings
Share Buyback
Guidance Update
- Civeo reported revenues of $170.5 million, a net loss of $0.5 million, and Adjusted EBITDA of $28.8 million for the third quarter ended September 30, 2025.
- The company repurchased 1.05 million common shares in Q3 2025, completing approximately 69% of its current share repurchase authorization.
- The Australian segment's revenues increased 7% and Adjusted EBITDA was up 19% year-over-year, while the Canadian segment's gross margin increased 35% to 22.5% due to cost-cutting efforts, despite a 20% decline in revenues.
- Civeo tightened its full-year 2025 guidance, projecting revenue between $640 million and $655 million and Adjusted EBITDA between $86 million and $91 million.
Oct 31, 2025, 10:30 AM
Civeo Corporation Reports Q2 2025 Results and Updates Capital Allocation Strategy
CVEO
Earnings
Guidance Update
Share Buyback
- Civeo Corporation reported Q2 2025 revenues of $162.7 million and Adjusted EBITDA of $25.0 million. The company provided FY2025 guidance with expected revenues between $640 million and $670 million and Adjusted EBITDA between $86 million and $96 million.
- The company updated its capital allocation framework in Q2 2025, suspending its quarterly dividend on April 30, 2025. Civeo authorized repurchases of up to 20% of its total shares in 2025, intending to use 100% of annual free cash flow for this purpose, with 30% of the authorization completed as of June 30, 2025.
- In May 2025, Civeo completed the acquisition of four villages (1,368 rooms) in the Bowen Basin for A$105 million (US$67 million), strengthening its Australian owned-village portfolio.
- As of June 30, 2025, Civeo maintained a net leverage ratio of 2.0x and reported approximately $72.8 million in liquidity.
Sep 30, 2025, 5:31 PM
Quarterly earnings call transcripts for Civeo.
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