Civeo Corp (NYSE:CVEO)

Q1 2026 Civeo Corp Earnings Call Transcript

May 1, 2026 / 03:00 PM GMT

Release Date Price: $31.21 (-2.16%)

Transcript 10-Q8-K

Key Points

Positve

Civeo Corp (CVEO) reported a strong start to 2026 with consolidated revenue up 20% and adjusted EBITDA up 78% compared to the prior year.
The company raised the lower end of its revenue guidance, implying an 8% revenue growth for the year.
Civeo Corp (CVEO) successfully executed cost reduction initiatives in Canada, leading to strong incremental margins.
The Australian integrated services business continues to show momentum, contributing to revenue growth.
Civeo Corp (CVEO) enhanced its financial flexibility by amending and extending its credit agreement, increasing revolving capacity and extending maturity to 2030.

Negative

The ongoing conflict in Iran and global energy trade dislocations are expected to impact margins, particularly in Australia.
Inflationary pressures, especially related to diesel prices, are anticipated to affect adjusted EBITDA.
Customer spending remains disciplined, with a focus on cost containment, impacting activity levels in both Australia and Canada.
The timing of turnaround activities in Canada is uncertain, with potential deferrals affecting revenue recognition.
Labor availability and costs in Australia remain a challenge, impacting operational efficiency and cost management.

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

CVEO.N - Civeo Corp
Q1 2026 Civeo Corp Earnings Call
May 01, 2026 / 03:00PM GMT

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Presentation
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Unidentified_1 [1]
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Greetings, and welcome to the Civio Corporation First Quarter 2026 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, please press *0 on your telephone keypad. As a reminder, this conference is being recorded. It is now my pleasure to introduce Regan 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 Civio's first-quarter 2026 earnings conference call. Today,

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