Quarterly ResultMay 11, 2026, 04:38 PM
Energy Services of America Q2 Revenue +21.5% to $93.2M; Net Income $0.2M
AI Summary
Energy Services of America Corporation reported its second quarter fiscal 2026 results, achieving its first profitable fiscal second quarter in 17 years. Revenue increased by 21.5% year-over-year to $93.2 million, driven by increased work across all segments, particularly Gas & Petroleum Transmission. The company also reported a significant improvement in gross profit and net income, alongside a sequential increase in backlog.
Key Highlights
- Revenue increased 21.5% to $93.2 million for Q2 FY2026, up from $76.7 million YoY.
- Gross profit was $10.2 million (11.0% margin) for Q2 FY2026, compared to $78,000 (0.1% margin) YoY.
- Net income was $216,000 ($0.01 diluted EPS) for Q2 FY2026, reversing a $6.8 million net loss YoY.
- Adjusted EBITDA improved to $4.7 million for Q2 FY2026, from a ($4.9 million) loss YoY.
- Backlog increased sequentially by $23.4 million to $325.1 million as of March 31, 2026.
- Completed a 2,001,000 share equity offering, generating net proceeds of $21.2 million.