Civeo Reports Second Quarter 2026 Results
Highlights:
Reported revenues of $180.0 million, net loss of $2.5 million and Adjusted EBITDA of $23.8 million;
Consolidated revenues increased 11%, driven by integrated services growth in both Australia and Canada, higher occupancy in Canada and the strengthening of the Australian dollar;
Subsequent to quarter-end, issued $115.0 million of 4.50% convertible senior notes due 2031, securing long-term, fixed-rate capital that lowers the Company's near-term cost of capital and positions Civeo to invest in a growing pipeline of North American infrastructure opportunities; and
