Civeo Q2 FY26 net loss narrows to $2.5 million; revenue rises 11% to $180 million

Reuters2026/07/30 10:34

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Civeo posted Q2 2026 revenue of USD 180 million, up 11% year over year; net loss narrowed to USD 2.5 million, or USD 0.23 per share.
Adjusted EBITDA (non-GAAP) slipped to USD 23.8 million from USD 25 million a year earlier, while operating cash flow improved to USD 11.6 million.
Australia revenue rose 11% to USD 125.4 million, helped by a stronger Australian dollar; Canada revenue increased 9% to USD 54.6 million.
In July, Civeo issued USD 115 million of 4.50% convertible senior notes due 2031, replacing floating-rate borrowings with fixed-rate unsecured capital.
Full-year 2026 guidance was maintained for revenue of USD 675 million to USD 700 million, with adjusted EBITDA (non-GAAP) of USD 85 million to USD 90 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Civeo Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 20260730633246) on July 30, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Civeo Q2 FY26 net loss narrows to $2.5 million; revenue rises 11% to $180 million

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