---
schema_version: "secwatch.filing_event.v1"
accession: "0001590584-21-000092"
form_type: "8-K"
ticker: "CVEO"
cik: "0001590584"
company_name: "Civeo Corp"
filed_at: "2021-07-30T23:59:59+00:00"
generated_at: "2026-06-30T00:23:35.851466+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Civeo Q2 2021 revenue $154.2M, net loss $0.5M, adjusted EBITDA $32.2M, maintains FY21 guidance

## Summary
- Revenue $154.2M (+34% YoY from $114.7M); net loss $0.5M ($0.03/sh) vs net income $6.1M ($0.37/sh) in Q2 2020.
- Adjusted EBITDA $32.2M (up from $28.1M); operating cash flow $16.5M; free cash flow $13.7M (down from $25.1M).
- Canada segment revenue $83.3M (+57% YoY); billed rooms in oil sands lodges up 76% on customer activity recovery.
- Australia segment revenue $64.0M; operating loss $2.7M from $7.9M asset impairments; adj. EBITDA $15.4M (-18% YoY).
- Total debt $226.8M (-$11.2M from Q1); leverage ratio 2.0x; maintains FY21 revenue $555-580M and adj. EBITDA $90-100M; lowers capex guide to $15-20M.

## SEC filing metadata
- accession: 0001590584-21-000092
- form_type: 8-K
- ticker: CVEO
- cik: 0001590584
- company_name: Civeo Corp
- filed_at: 2021-07-30T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1590584/000159058421000092/0001590584-21-000092-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1590584/000159058421000092/cveo-20210730.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001590584-21-000092
- JSON: https://secwatch.observer/filing/0001590584-21-000092.json
- Plain text: https://secwatch.observer/filing/0001590584-21-000092.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.