Civeo Corporation Reports Q2 2025 Results: Revenues Consistent with Expectations, Net Income at $8.2M, EPS at $0.56

Reuters
2025/07/29
<a href="https://laohu8.com/S/CVEO">Civeo Corporation</a> Reports <a href="https://laohu8.com/S/QTWO">Q2</a> 2025 Results: Revenues Consistent with Expectations, Net Income at $8.2M, EPS at $0.56

Civeo Corporation has reported its second quarter 2025 financial results, revealing revenues of $188.7 million and a net income of $8.2 million, translating to $0.56 per diluted share. The company generated an operating cash flow of $32.4 million and Adjusted EBITDA of $31.9 million during this period. The year-over-year decrease in Adjusted EBITDA was primarily attributed to decreased billed rooms at the Canadian lodges due to ongoing customer spending reductions, including lower turnaround activity. Operating cash flow saw a decline, impacted by a $9.4 million one-time collection of holdbacks from the wind-down of LNG-related mobile camp activity in the second quarter of 2024 and Australian cash taxes of approximately $15.8 million, including a one-time $9.4 million payment related to the 2024 tax year. The Australian segment experienced a 4% increase in revenue period-over-period, with Adjusted EBITDA up by 10%. This growth was driven by the acquisition of four owned-villages in the Bowen Basin, which added $4.9 million to revenues in the last two months of the quarter, and margin improvements in the integrated services business. The acquisition and associated take-or-pay contracts have bolstered Civeo's presence in the region. Looking forward, Civeo is maintaining its full year 2025 revenue forecast range of $640 million to $670 million and Adjusted EBITDA guidance of $86 million to $96 million. The company also upholds its capital expenditure guidance for the year at $20 million to $25 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: 20250729679536) on July 29, 2025, and is solely responsible for the information contained therein.

应版权方要求,你需要登录查看该内容

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10