Stonegate Capital Partners Updates Coverage on Civeo Corporation (NYSE: CVEO) Q126
<p class='reportable-dateline'><strong>DALLAS, TX -- May 4, 2026</strong></p><p class='reportable-excerpt'>DALLAS, TX -- May 4th, 2026 -- Civeo Corporation (NYSE: CVEO): Stonegate Capital Partners Updates Coverage on Civeo Corporation (NYSE: CVEO). CVEO reported revenue and adj EBITDA of $172.7M and $22.5M, respectively. This compares to our/consensus estimates of $154.6M/$154.7M and $16.3M/$16.8M, respectively. Net loss improved to $3.8M from $9.8M in 1Q25, while operating cash flow was $(9.7)M, reflecting typical seasonal working capital use. Capex remained modest at $4.1M and was primarily maintenance-related. The key takeaway is not simply the revenue beat; rather, 1Q showed better Canadian margin conversion, continued Australian services contribution, and improving North American infrastructure visibility, partially offset by cost inflation and customer discipline that kept FY26 EBITDA guidance unchanged.</p><p>To view the full announcement, including downloadable images, bios, and more, <a href='https://stonegateinc.reportablenews.com/pr/stonegate-capital-partners-updates-coverage-on-civeo-corporation-nyse-cveo-q126' class='reportable-link'>click here</a>.</p><div class='reportable-key-takeaways'><h3>Key Takeaways:</h3><ul><li>FY26 EBITDA guidance stayed unchanged as diesel, labor inflation, and customer discipline limit near-term flow-through.</li><li>1Q26 upside was quality-driven, with Canada margin recovery and Australia services strength—not just revenue outperformance.</li><li>Improving Canada execution and stable Australia demand underpin more durable earnings and clearer forward visibility.</li></ul></div><a href='https://stonegateinc.reportablenews.com/pr/stonegate-capital-partners-updates-coverage-on-civeo-corporation-nyse-cveo-q126'><img src='https://cdn.filestackcontent.com/9Er2AmGhQEemHDwGYGFd' class='reportable-featured-image' /><p align='center'><i>Click image above to view full announcement.</i></p></a><hr class='company-boilerplate-rule' style='border: 0; border-top: 1px solid rgba(0,0,0,0.1);'><p class='company-boilerplate'><div><strong>About Stonegate</strong></div><div>Stonegate Capital Partners is a leading capital markets advisory firm providing investor relations, equity research, and institutional investor outreach services for public companies. Our affiliate, Stonegate Capital Markets (member FINRA) provides a full spectrum of investment banking, equity research and capital raising for public and private companies.</div></p><div class='reportable-contacts'><h3>Contacts:</h3><p class='reportable-contact'>Stonegate Capital Partners<br>(214) 987-4121 <br><a href='mailto:info@stonegateinc.com'>info@stonegateinc.com</a></p></div><p>Source: <a href='https://stonegateinc.reportablenews.com/'>Stonegate, Inc.</a></p><p>Distributed by: <a href='https://reportablenews.com'>Reportable, Inc.</a></p>