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Dallas, Texas--(Newsfile Corp. - July 29, 2025) - Civeo Corporation (NYSE: CVEO): Stonegate Capital Partners updates their coverage on Civeo Corporation. CVEO reported 2Q25 revenue, Adj. EBITDA, and Adj. EPS of $162.7M, $25.0M, and ($0.25), respectively. This compares to our/consensus estimates of $167.5M/$163.0M, $25.6M/$22.6M, and $0.03/$0.18, respectively. Revenue was slightly below expectations, with upside driven by the Australian segment and offset by continued macro-driven headwinds in Canada. Adjusted EBITDA declined y/y, primarily due to the continued challenges in the Canadian business.
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Key Takeaways:
Reported $162.7M in revenue and $25.0M in Adjusted EBITDA; repurchased ~7% of shares outstanding for $19.1M.
Completed acquisition of four villages in Australia's Bowen Basin, strengthening regional footprint.
Awarded multi-year contracts in the Bowen Basin totaling A$314M in expected revenue.
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About Stonegate
Stonegate Capital Partners is a leading capital markets advisory firm providing investor relations, equity research, and institutional investor outreach services for public companies. Our affiliate, Stonegate Capital Markets (member FINRA) provides a full spectrum of investment banking, equity research and capital raising for public and private companies.
