Civeo — Third Quarter 2026 Earnings Summary

Civeo Corporation reported third-quarter 2026 revenues of $193.1 million, representing a 13% year-over-year increase driven by higher occupancy in Canadian oil sands lodges and a stronger Australian dollar. The company achieved net income of $5.2 million and Adjusted EBITDA of $30.1 million, with Canadian revenues surging 38% due to robust turnaround activity and new integrated services contracts. Civeo raised its full-year 2026 revenue guidance to a range of $710 million to $720 million and Adjusted EBITDA guidance to $89 million to $92 million, while increasing capital expenditure expectations to $30 million to $35 million to prepare Canadian assets for upcoming deployments.