Civeo Corp

Civeo prices a senior, unsecured convertible note of $100 million with a 4.50% coupon, maturing August 1, 2031; settlement planned for July 7, 2026. Initial purchasers have an option for an additional $15 million; the initial conversion rate is about 24.6840 shares per $1,000 (conversion price roughly $40.51, about a 20% premium to the most recent price). Civeo intends to use approximately $22.3 million of the net proceeds to repurchase 660,297 common shares and the remainder to repay syndicated indebtedness; redemption and conversion terms are set out in detail. » Altro su de.investing.com

A joint venture of Civeo has received a six-year contract extension to provide accommodation and support services in western Canada; the agreement runs until June 30, 2032, replacing contracts that would have expired in 2027. The JV will serve the entire Civeo lodge network in western Canada. Civeo highlights strong customer retention and operational performance and points to rising demand from LNG projects, oilsands expansion, infrastructure, energy, mining and data centres. Analysts expect profitability for the year and growth in net earnings; the stock is trading near its 52-week high. » Altro su de.investing.com

Civeo reported Q1 2026 EPS of -$0.34 versus the consensus expectation of -$0.53 and revenue of $172.7 million (+20% vs. Q1 2025), with both metrics beating forecasts. Adjusted EBITDA rose 78% to $22.5 million, while operating cash flow was seasonally negative at -$9.7 million. The company repurchased 500,000 shares (96% of the authorization) and the stock rose 4.11% in premarket trading. Civeo expects further growth and highlights cost-reduction and efficiency measures as drivers for future EPS improvement. » Altro su de.investing.com