---
schema_version: "secwatch.filing_event.v1"
accession: "0001590584-22-000098"
form_type: "8-K"
ticker: "CVEO"
cik: "0001590584"
company_name: "Civeo Corp"
filed_at: "2022-07-29T23:59:59+00:00"
generated_at: "2026-06-24T06:58:08.968337+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Civeo Q2 revenue $185M, net income $9.1M; raises FY2022 guidance; wins $500M contract renewal

## Summary
- Q2 revenue $185.0M (up 20% YoY); net income $9.1M vs net loss $0.5M; diluted EPS $0.54.
- Adjusted EBITDA $37.1M, up from $32.2M; free cash flow $17.6M vs $13.7M.
- Net leverage ratio reduced to 1.18x from 1.40x; total debt $154.6M, down $23.3M since Q1.
- Awarded 12-year Wapasu Lodge renewal with ~C$500M guaranteed take-or-pay; new 5-year South Australia contract for A$120M.
- FY2022 guidance raised: revenue $660-675M, Adjusted EBITDA $95-105M, capex $24-29M.

## SEC filing metadata
- accession: 0001590584-22-000098
- form_type: 8-K
- ticker: CVEO
- cik: 0001590584
- company_name: Civeo Corp
- filed_at: 2022-07-29T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1590584/000159058422000098/0001590584-22-000098-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1590584/000159058422000098/cveo-20220729.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001590584-22-000098
- JSON: https://secwatch.observer/filing/0001590584-22-000098.json
- Plain text: https://secwatch.observer/filing/0001590584-22-000098.txt

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