secwatch.observer — SEC 8-K summary
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Issuer:     Civeo Corp (CVEO)
CIK:        0001590584
Form:       8-K
Filed at:   2026-05-01T23:59:59+00:00
Accession:  0001590584-26-000049
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1590584/000159058426000049/0001590584-26-000049-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1590584/000159058426000049/cveo-20260501.htm
  HTML page:      https://secwatch.observer/filing/0001590584-26-000049

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer