---
schema_version: "secwatch.filing_event.v1"
accession: "0001590584-26-000049"
form_type: "8-K"
ticker: "CVEO"
cik: "0001590584"
company_name: "Civeo Corp"
filed_at: "2026-05-01T23:59:59+00:00"
generated_at: "2026-05-15T00:18:57.906961+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001590584-26-000049
- form_type: 8-K
- ticker: CVEO
- cik: 0001590584
- company_name: Civeo Corp
- filed_at: 2026-05-01T23:59:59+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/1590584/000159058426000049/0001590584-26-000049-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1590584/000159058426000049/cveo-20260501.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001590584-26-000049
- JSON: https://secwatch.observer/filing/0001590584-26-000049.json
- Plain text: https://secwatch.observer/filing/0001590584-26-000049.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1590584/000159058426000049/0001590584-26-000049-index.htm

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