Civeo (CVEO) reported a fourth quarter net loss of $6.5 million, or $0.56 per diluted share compared to a net loss of $15.1 million, or $1.10 per diluted share, a year ago. Adjusted EBITDA increased to $21.7 million from $11.4 million. Revenues were $161.6 million, compared to $151.0 million.
The company said the increase in adjusted EBITDA in the fourth quarter of 2025 compared to 2024 was primarily due to margin improvement in the Canadian operations as a result of the cost reduction efforts as well as the contribution from the May 2025 Australian acquisition.
For 2026, Civeo expects revenues of $650.0 million to $700.0 million, and adjusted EBITDA of $85.0 million to $90.0 million.
In pre-market trading on NYSE, Civeo shares are down 2.95 percent to $27.00.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.