Quarterly ResultMay 11, 2026, 04:38 PM
Energy Services H1 Revenue $207.29M, Net Income $2.92M; EPS $0.17
AI Summary
Energy Services of America reported a strong financial turnaround for the six months ended March 31, 2026, with revenue increasing to $207.29 million and a significant swing to net income of $2.92 million from a prior-year loss. Diluted earnings per share improved to $0.17. The company also saw a substantial increase in net cash from operating activities and reduced its long-term debt, while completing an equity raise.
Key Highlights
- Revenue for the six months ended March 31, 2026, increased 16.9% to $207.29 million from $177.33 million year-over-year.
- Net income for the six months ended March 31, 2026, was $2.92 million, a significant improvement from a net loss of $5.94 million in 2025.
- Diluted EPS for the six months ended March 31, 2026, was $0.17, compared to a loss per share of $0.36 in the prior year.
- Net cash provided by operating activities for the six months increased 124.6% to $22.44 million from $9.99 million year-over-year.
- The company completed an equity raise, generating $21.23 million, net of fees and offering expenses.
- Long-term debt, less current maturities, decreased to $15.41 million at March 31, 2026, from $50.26 million at September 30, 2025.
- Underground Infrastructure Construction revenue rose to $115.45 million, with operating income of $3.48 million for the six months.
- Industrial Construction revenue increased to $70.14 million, with operating income of $5.44 million for the six months.