Energy Services of America Q2 revenue rises on broad demand

Energy Services of America

11/05/2026 21:40

Overview

U.S. contractor's fiscal Q2 revenue rose 21.5% yr/yr on higher activity across segments

Company posted first profitable fiscal Q2 in 17 years, net income $216,000 vs loss yr ago

Adjusted EBITDA improved to $4.7 mln from a loss a year ago

Outlook

Company did not provide specific guidance for future quarters or the full year

Result Drivers

SEGMENT DEMAND - Co said increased demand and activity across all business segments drove revenue growth

GAS & PETROLEUM PROJECTS - Revenue from Gas & Petroleum Distribution more than doubled from prior-year quarter due to new projects awarded and increased activity

GROSS MARGIN IMPROVEMENT - Higher gross margin attributed to greater fixed cost leverage from increased revenue and more favorable sales mix

Company press release: ID:nPn66MK3la

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$93.20 mln
$80.90 mln (1 Analyst)
Q2 Adjusted EBITDA
$4.70 mln


Analyst Coverage

The one available analyst rating on the shares is "buy"

The average consensus recommendation for the construction & engineering peer group is "buy"

Wall Street's median 12-month price target for Energy Services Of America Corp is $21.00, about 21.3% above its May 8 closing price of $17.31

The stock recently traded at 24 times the next 12-month earnings vs. a P/E of 13 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)