Energy Services of America Reports 8% Revenue Increase, $6.8 Million Net Loss, and EPS of ($0.41) for Fiscal Q2 2025

Reuters
2025/05/13
Energy Services of America Reports 8% Revenue Increase, $6.8 Million Net Loss, and EPS of ($0.41) for Fiscal Q2 2025

Energy Services of America Corporation (Nasdaq: ESOA) has announced its fiscal second quarter 2025 results, reflecting a revenue of $76.7 million, which marks an 8% increase compared to the same period in the prior year. The company reported a net loss of $6.8 million for the quarter ended March 31, 2025. The backlog increased from $222.8 million as of March 31, 2024, to $280.7 million as of March 31, 2025. Doug Reynolds, President of Energy Services, noted that the second quarter is typically the company's lowest revenue period due to weather conditions, which were more unfavorable this year, particularly affecting the C.J. Hughes business. However, Reynolds expressed optimism about the $37 million sequential increase in backlog from September 30, 2024, to March 31, 2025, and anticipates improved revenue and profitability in the upcoming spring and summer months. The company remains optimistic about the prospects for the second half of fiscal 2025 and into fiscal 2026, driven by strong demand for water distribution projects, particularly from private utility companies working on deferred pipe replacement projects. Energy Services is focused on selecting projects with favorable margin profiles.

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. Energy Services of America Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-25-047325), on May 12, 2025, and is solely responsible for the information contained therein.

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