Civeo Corp (NYSE:CVEO)
$ 32.99 -0.35 (-1.05%) Market Cap: 361.02 Mil Enterprise Value: 570.79 Mil PE Ratio: 0 PB Ratio: 2.25 GF Score: 67/100

Q4 2025 Civeo Corp Earnings Call Transcript

Mar 3, 2026 / 04:00 PM GMT
Release Date Price: $27.03 (-2.84%)

Key Points

Positve
  • Civeo Corp (CVEO) repurchased 17% of its common stock in 2025, with an additional 500,000 shares repurchased post-year-end, reaching 95% completion of its buyback authorization.
  • Strong performance in Australia, driven by growth in the integrated services business and contributions from the May 2025 village acquisition.
  • Meaningful margin recovery in Canada due to cost reduction initiatives, leading to improved profitability.
  • Civeo Corp (CVEO) is entering 2026 with an improved cost structure and balance sheet, positioning it to capitalize on North American infrastructure development opportunities.
  • Adjusted EBITDA increased by 90% year-over-year in Q4 2025, reflecting successful cost reduction efforts and strategic acquisitions.
Negative
  • Civeo Corp (CVEO) reported a net loss of $6.5 million in Q4 2025, although this was an improvement from the previous year's loss.
  • Canadian lodge occupancy remained under pressure due to customer spending discipline in the oil sands.
  • Revenue decline in Canada for the full year 2025, primarily driven by lower oil sands activity.
  • Modest softness in portions of the legacy-owned village portfolio in Australia due to sub-$200 net coal pricing.
  • The company anticipates stable but subdued oil sands activity levels in Canada for 2026, reflecting ongoing customer spending discipline.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

CVEO.N - Civeo Corp
Q4 2025 Civeo Corp Earnings Call
Mar 03, 2026 / 04:00PM GMT

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Presentation
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Unidentified_1 [1]
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Greetings and welcome to the CyBO Corporation 4th quarter 2025 earnings call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation.

If anyone should require operator assistance during the conference, please press 0 on your telephone keypad. Please note this conference is being recorded. I will now turn the conference over to your host, Reagan Nielsen, Vice President, corporate Development and Investor relations. Please go ahead.

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Unidentified_2 [2]
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Thank you and welcome to CivviO's 4th quarter
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