---
schema_version: "secwatch.filing_event.v1"
accession: "0001590584-23-000070"
form_type: "8-K"
ticker: "CVEO"
cik: "0001590584"
company_name: "Civeo Corp"
filed_at: "2023-04-28T23:59:59+00:00"
generated_at: "2026-06-16T06:29:03.010005+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Civeo Q1 net loss of $6.4M; Adj EBITDA $20.2M; Australia contract wins A$175M

## Summary
- Revenue $167.6M (flat YoY); net loss $0.42/diluted share vs. $0.06 profit in Q1 2022.
- Adj EBITDA $20.2M vs. $25.6M YoY; driven by mobile camp decline and inflation.
- Canada rev down 7% to $89.5M; Australia rev up 21% to $77.0M on new contracts.
- FY2023 guidance maintained: rev $630-650M, Adj EBITDA $85-95M; capex raised to $45-50M (customer-funded).
- Five Australia contract awards total A$175M spanning 2023-2028.

## SEC filing metadata
- accession: 0001590584-23-000070
- form_type: 8-K
- ticker: CVEO
- cik: 0001590584
- company_name: Civeo Corp
- filed_at: 2023-04-28T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1590584/000159058423000070/0001590584-23-000070-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1590584/000159058423000070/cveo-20230428.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001590584-23-000070
- JSON: https://secwatch.observer/filing/0001590584-23-000070.json
- Plain text: https://secwatch.observer/filing/0001590584-23-000070.txt

## Key facts
- Earnings Releases
  Civeo Corp reported the full year of 2023 results: revenue $630 million to $650 million. Guidance reaffirmed.
  - Period: the full year of 2023
  - Revenue: $630 million to $650 million
  - Guidance: reaffirmed
  - Result: guidance update
  source text: For the full year of 2023, Civeo is maintaining its previously provided revenue and Adjusted EBITDA guidance ranges of $630 million to $650 million and $85 million to $95 million, respectively.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1590584/000159058423000070/0001590584-23-000070-index.htm
- Earnings Releases
  Civeo Corp reported first quarter ended March 31, 2023 results: revenue $167.6 million, net income $6.4 million, EPS $(0.42) per diluted share. Guidance reaffirmed.
  - Period: first quarter ended March 31, 2023
  - Revenue: $167.6 million
  - Net income: $6.4 million
  - EPS: $(0.42) per diluted share
  - Guidance: reaffirmed
  - Result: reported results
  source text: In the first quarter of 2023, Civeo generated revenues of $167.6 million and reported a net loss of $6.4 million, or $0.42 per diluted share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1590584/000159058423000070/0001590584-23-000070-index.htm

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