secwatch.observer — SEC 8-K summary
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Issuer:     Civeo Corp (CVEO)
CIK:        0001590584
Form:       8-K
Filed at:   2026-07-30T11:54:35+00:00
Accession:  0001590584-26-000075
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Civeo Q2 revenue up 11% to $180M; net loss $2.5M; issues $115M convertible notes
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- Revenue $180.0M (+11% YoY); net loss $2.5M ($0.23 diluted EPS) vs $3.3M loss in Q2 2025.
- Adjusted EBITDA $23.8M, down from $25.0M YoY; Canada segment EBITDA fell on start-up costs.
- Australia segment revenue $125.4M (+11% YoY) driven by integrated services and stronger AUD.
- Issued $115M of 4.50% convertible notes due 2031; concurrently repurchased 660K shares for $22.3M.
- Full-year 2026 guidance maintained: revenue $675-700M, Adj EBITDA $85-90M, capex $25-30M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1590584/000159058426000075/0001590584-26-000075-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1590584/000159058426000075/cveo-20260730.htm
  HTML page:      https://secwatch.observer/filing/0001590584-26-000075

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