ESOA Q1 Net Income Rises to USD 2.71 Million, Up More Than 3 Times

Reuters

Feb 10

ESOA Q1 Net Income Rises to USD 2.71 Million, Up More Than 3 Times

Energy Services of America Corporation reported its first quarter (Q1) fiscal 2026 results, posting revenue of USD 114.10 million, a 13.4% increase. Gross profit reached USD 14.00 million, while gross margin improved by 2.1 percentage points to 12.3%. Net income attributable to shareholders was USD 2.71 million, or USD 0.16 per diluted share. Adjusted EBITDA stood at USD 8.02 million. The company highlighted robust demand within its Gas & Water Distribution segment, which saw revenue growth of 30% year-on-year, and growth within its Gas & Petroleum Transmission segment due to the awarding of two new projects. Backlog increased by USD 41.70 million sequentially, reflecting strong project activity. While revenue for Electrical, Mechanical and General projects declined slightly versus the previous year, backlog in this area grew by USD 7 million sequentially. Management noted proactive workforce optimization during the seasonally slower winter months and remains optimistic about long-term business prospects.

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 PR Newswire (Ref. ID: NE83646) on February 09, 2026, and is solely responsible for the information contained therein.

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