Energy Services of America Q3 revenue rises 25.5% on strong segment demand

Energy Services of America

10/08/2026 21:38

Overview
US utility contractor's fiscal Q3 revenue rose 25.5% yr/yr on strong segment demand
Net income for fiscal Q3 rose 57.9% yr/yr
Company raised quarterly dividend by 33% to $0.04 per share

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

Result Drivers
SEGMENT DEMAND - Co said continued demand for water distribution and electrical construction, along with recovery in gas transmission, drove revenue growth
FAVORABLE WEATHER - More favorable spring weather allowed projects to start on or ahead of schedule, supporting results
GROSS MARGIN IMPACT - Profitability was affected by a lower-than-expected gross profit margin on a large gas transmission project

Company press release: ID:nPn7zm7C4a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$130 mln
$112.65 mln (2 Analysts)
Q3 EPS
 
$0.18
 
Q3 Net Income
 
$3.30 mln
 
Q3 Adjusted EBITDA
 
$8.30 mln
 

Analyst Coverage
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
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 $27.50, about 75.7% above its August 7 closing price of $15.65
The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 23 three months ago

Reuters Recommended Reads
Aug 10 - KLX Energy Services Q2 revenue rises 16% on Wolf Pack acquisition
Aug 10 - National Energy Services Q2 revenue beats estimates on higher activity levels
Aug 10 - Natural Gas Services Q2 adjusted core profit beats; 2026 outlook lifted

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(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.)