Civeo Q1 revenue up 20% to $172.7M; Adjusted EBITDA up 78% to $22.5M

Civeo Corp

2026-Q1 EPS reported -$0.34 revenue$172,667,000

Net loss narrowed to $3.8M ($0.34/share) from $9.8M ($0.72) in Q1 2025.
Australia segment revenue $123.0M (+19% YoY); Adjusted EBITDA $21.8M (+14%).
Canada segment revenue $49.6M (+23%); Adjusted EBITDA improved from -$0.8M to $5.2M.
Repurchased 0.5M shares for $14.4M (~4% of shares outstanding); credit facility extended to Apr 2030, capacity $285M.
Full year 2026 revenue guidance low end raised to $675M-$700M; Adj. EBITDA guidance unchanged $85M-$90M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Civeo Corp reported first quarter ended March 31, 2026 results: revenue $172.7 million, net income net loss of $3.8 million, or $0.34 per diluted share. Guidance raised.

Period: first quarter ended March 31, 2026
Revenue: $172.7 million
Net income: net loss of $3.8 million, or $0.34 per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

as may be expressly set forth by specific reference in such filing. --- EX-99.1 (EX-99.1) --- Civeo Reports First Quarter 2026 Results Highlights: • Reported revenues of $172.7 million, net loss of $3.8 million and Adjusted EBITDA of $22.5 million, reflecting year-over-year growth of 20% in revenues and 78% in Adjusted EBITDA; • Australian segment revenues

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Source: SEC EDGAR

accession 0001590584-26-000049

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