Every material Form 8-K Civeo Corp has filed with the SEC since July 07, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Civeo reported third quarter 2026 revenue of $193.1 million, up 13% from a year earlier, and net income of $5.2 million, or $0.50 per diluted share, compared with a net loss of $0.5 million in the same quarter of 2025. The company raised its full year 2026 revenue guidance to $710 million to $720 million and its Adjusted EBITDA guidance to $89 million to $92 million, citing higher Canadian oil sands occupancy.
Q3 2026 revenue $193.1 million, up 13% year over year; Canadian revenue up 38%
Q3 2026 net income $5.2 million ($0.50 per diluted share) versus a net loss of $0.5 million a year earlier
Full year 2026 revenue guidance raised to $710 million to $720 million from $675 million to $700 million; Adjusted EBITDA guidance raised to $89 million to $92 million from $85 million to $90 million
Civeo reported second-quarter 2026 revenue of $180.0 million, up 11% from a year earlier, and a net loss of $2.5 million, or $0.23 per diluted share, narrowed from $3.3 million a year earlier. Adjusted EBITDA fell to $23.8 million from $25.0 million, and the company maintained its full-year 2026 revenue and Adjusted EBITDA guidance. The company also issued $115.0 million of 4.50% convertible senior notes due 2031 and repurchased 660,297 shares for about $22.3 million.
Q2 2026 revenue was $180.0 million, up from $162.7 million; net loss was $2.5 million, or $0.23 per diluted share, versus $3.3 million, or $0.25, a year earlier
Adjusted EBITDA was $23.8 million, down from $25.0 million, with Canadian start-up costs for a new integrated services contract cited as a factor
Full-year 2026 guidance was maintained at $675 million to $700 million in revenue and $85 million to $90 million in Adjusted EBITDA
Convertible notes closed July 7, 2026; the company said it intends to settle principal in cash
Civeo completed a private offering of $100 million in 4.50% convertible senior notes due 2031 on July 7, 2026, with an option for initial purchasers to buy up to an additional $15 million. The company used about $22.3 million of the net proceeds to repurchase 660,297 common shares and plans to use the rest to repay borrowings under its syndicated facility agreement.
Notes carry a 4.50% interest rate, payable semi-annually, and mature August 1, 2031
Net proceeds of about $96.2 million, after discounts and offering expenses
Initial conversion price of about $40.51 per common share; maximum of 2,962,080 shares issuable, or 3,406,392 if the option is fully exercised
Company may not redeem the notes before August 1, 2029, except for tax or cleanup redemptions
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
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