Civeo's Q3 2025 showed continued strength in Australia, boosted by acquisitions, while Canada remained under pressure despite cost-saving measures. The company posted a small net loss and emphasized share buybacks and operational discipline.

Civeo Corporation's first quarter 2025 results were consistent with expectations, showing topline growth in Australia but continued impact from macroeconomic headwinds in Canada. The company reported revenues of $144.0 million, a net loss of $9.8 million, and Adjusted EBITDA of $12.7 million.

Civeo reported a strong fourth quarter with revenue growth and significant margin improvement, particularly in Canada, despite a net loss. The company achieved record annual revenues in Australia and continued its aggressive capital return strategy through substantial share repurchases.

Civeo reported Q4 2024 revenues of $151.0 million with a net loss of $15.1 million. The Australian segment experienced revenue growth of 23%. The Canadian segment faced headwinds, with revenues decreasing by 44%.

Civeo reported revenues of $176.3 million with a net loss of $5.1 million. The Australian segment experienced significant growth, offsetting declines in the Canadian segment. A major contract renewal in the Canadian oil sands was also announced.

Civeo reported revenues of $188.7 million and net income of $8.2 million for Q2 2024. The Australian segment saw a 32% increase in revenues year-over-year, while the Canadian segment experienced a decline due to the wind-down of LNG-related activities. The company returned $10.3 million of capital to shareholders through dividends and share repurchases.

Civeo's Q1 2024 results showed revenues of $166.1 million and a net loss of $5.1 million, influenced by a significant year-over-year improvement in the Australian segment offset by declines in Canada due to the sale of McClelland Lake Lodge and reduced LNG-related mobile camp activity.

Civeo reported strong Q4 2023 results with revenues of $170.8 million, net income of $23.0 million, and free cash flow of $39.2 million. The company reduced total debt by $37.7 million and continued to return capital to shareholders through dividends and share repurchases. The sale of McClelland Lake Lodge was completed in January 2024.

Civeo reported revenues of $183.6 million and net income of $9.0 million, or $0.61 per diluted share. The company reduced total debt by $32.9 million to $103.2 million. Civeo also announced a definitive agreement to sell McClelland Lake Lodge for approximately C$49 million, or US$36 million.

Civeo reported Q2 2023 revenues of $178.8 million and net income of $4.5 million, with solid free cash flow used to repurchase shares and reduce debt. The Australian segment experienced significant year-over-year growth, driven by increased integrated services revenue and village revenue, offsetting lower Canadian lodge occupancy and mobile camp activity.

Civeo reported first quarter revenues of $167.6 million and a net loss of $6.4 million, impacted by typical seasonality and inflationary pressures. The company is maintaining its full year 2023 revenue and Adjusted EBITDA guidance.

Civeo reported strong Q4 2022 results despite inflationary headwinds, including revenues of $162.2 million. The company generated significant free cash flow and substantially reduced its total debt balance.