Civeo Corporation posts a $0.23 per share loss for Q2, missing estimates, while revenue climbs to $180.02M.
Civeo Corporation reported a Q2 GAAP loss of $0.23 per share, missing estimates by $0.08. Revenue reached $180.02M, up 10.7% year-over-year and beating expectations by $9.1M.
The company’s adjusted EBITDA for the quarter stood at $25.0 million, while operating cash flow was negative $2.3 million. Civeo reaffirmed its full-year 2026 outlook despite the mixed results.
Shares showed limited immediate reaction to the earnings release, focusing on the revenue beat and guidance reaffirmation.