---
schema_version: "secwatch.filing_event.v1"
accession: "0001590584-24-000157"
form_type: "8-K"
ticker: "CVEO"
cik: "0001590584"
company_name: "Civeo Corp"
filed_at: "2024-10-30T23:59:59+00:00"
generated_at: "2026-05-30T08:15:34.293688+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Civeo Q3 net loss $5.1M vs prior-year net income; revenue down 4% as Canada weakens

## Summary
- Revenue $176.3M, down from $183.6M YoY; net loss $0.36 diluted EPS vs net income $0.61 EPS.
- Adjusted EBITDA $18.8M, down 45% from $34.2M due to Canadian LNG wind-down and wildfires.
- Australian segment revenue up 33% to $116.6M on higher billed rooms and integrated services growth.
- Secured 33-month contract renewal with major Canadian oil sands producer; total expected revenue ~C$150M.
- Declared $0.25 quarterly dividend; repurchased 515k shares for $14.2M in Q3; tightened 2024 revenue guidance to $675-700M.

## SEC filing metadata
- accession: 0001590584-24-000157
- form_type: 8-K
- ticker: CVEO
- cik: 0001590584
- company_name: Civeo Corp
- filed_at: 2024-10-30T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/1590584/000159058424000157/0001590584-24-000157-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1590584/000159058424000157/cveo-20241030.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001590584-24-000157
- JSON: https://secwatch.observer/filing/0001590584-24-000157.json
- Plain text: https://secwatch.observer/filing/0001590584-24-000157.txt

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