Civeo Corp (CVEO) Form 8-K — Jul 30, 2026
Civeo Corporation reported second quarter 2026 revenues of $180.0 million, an 11% increase from the prior year, driven by growth in integrated services and favorable currency effects. Despite the revenue growth, the company reported a net loss of $2.5 million and Adjusted EBITDA of $23.8 million, the latter reflecting startup costs associated with a new contract and softer occupancy in certain regions compared to the prior year. Subsequent to the quarter end, Civeo issued $115.0 million of 4.50% convertible senior notes due 2031 to replace higher-cost floating-rate debt and fund growth opportunities in North American infrastructure.
Key figures
- Eps
- -0.23
- Revenue
- 180.0 million
- Net Income
- -2.5 million
- Adjusted EBITDA
- 23.8 million
- Net Leverage Ratio
- 2.1x
- Operating Cash Flow
- 11.6 million
- Share Repurchase Count
- 660,297
- Share Repurchase Amount
- 22.3 million
- Convertible Notes Issued
- 115.0 million
Price after filing
Close on the filing date to close N calendar days later (from $34.38). Historical, not a forecast.
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