---
schema_version: "secwatch.filing_event.v1"
accession: "0001590584-23-000036"
form_type: "8-K"
ticker: "CVEO"
cik: "0001590584"
company_name: "Civeo Corp"
filed_at: "2023-02-28T23:59:59+00:00"
generated_at: "2026-06-18T22:09:53.996108+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Civeo Q4 net loss $13M; full-year adj. EBITDA $112.8M; 2023 guidance issued

## Summary
- Q4 revenue $162.2M, net loss $13.0M ($1.31/diluted share); adj. EBITDA $15.1M.
- Full-year 2022 revenue $697.1M, net income $2.2M; adj. EBITDA $112.8M vs $109.1M in 2021.
- 2023 guidance: revenue $630-650M, EBITDA $85-95M, capex $25-30M.
- Australia won two five-year contracts with expected revenue ~A$937M.
- Repurchased 40% of preferred shares in Q4; remaining converted to common; net leverage 1.1x.

## SEC filing metadata
- accession: 0001590584-23-000036
- form_type: 8-K
- ticker: CVEO
- cik: 0001590584
- company_name: Civeo Corp
- filed_at: 2023-02-28T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1590584/000159058423000036/0001590584-23-000036-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1590584/000159058423000036/cveo-20230228.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001590584-23-000036
- JSON: https://secwatch.observer/filing/0001590584-23-000036.json
- Plain text: https://secwatch.observer/filing/0001590584-23-000036.txt

## Key facts
- Earnings Releases
  Civeo Corp reported financial results for fourth quarter and year ended December 31, 2022.
  - Period: fourth quarter and year ended December 31, 2022
  - Result: reported results
  source text: On February 28, 2023, Civeo Corporation (“Civeo”) issued a press release announcing its financial condition and results of operations as of and for the quarter and year ended December 31, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1590584/000159058423000036/0001590584-23-000036-index.htm

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