The strong revenue beat and dividend hike are positive signals, but the sequential backlog decline and gross margin compression warrant monitoring. Watch for Q4 backlog replenishment and margin recovery on the large gas transmission project.
Price Chart
Executive Summary
Energy Services of America reported fiscal Q3 2026 results with revenue of $130.0M (+25.5% YoY) and EPS of $0.18 (+50% YoY), beating consensus estimates of $0.17 EPS and $112.7M revenue. The company also increased its quarterly dividend by 33% to $0.04 per share, signaling confidence in cash generation. However, gross margin compressed slightly to 11.0% from 11.6% due to a large gas transmission project, and backlog declined 11.8% sequentially to $286.6M, tempering the otherwise strong quarter.
Key Financial Metrics
Key Facts
- Revenue of $130.0M, +25.5% YoY from $103.6M
- Net income of $3.3M, +57.9% YoY from $2.1M
- EPS of $0.18 diluted, +50% YoY from $0.12
- Adjusted EBITDA of $8.3M, +28.9% YoY from $6.5M
- Gross margin 11.0% vs 11.6% YoY, down 60bps
- Backlog $286.6M, down 11.8% from $325.1M sequentially
- Quarterly dividend increased 33% to $0.04 per share
- Beat consensus EPS ($0.17) and revenue ($112.7M) estimates
Financial Impact
Revenue beat consensus by ~15.4% ($130.0M vs $112.7M est); EPS beat consensus by ~5.9% ($0.18 vs $0.17 est)
Risk Factors
- Backlog declined 11.8% sequentially to $286.6M, potentially signaling project completion without replacement
- Gross margin compressed 60bps YoY to 11.0% due to a large gas transmission project
- Selling and administrative expenses grew 9.9% YoY, outpacing gross profit growth of 19.5%
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-093416 |
| Document: tm2622641d1_8k.htm | 0001104659-26-093416 |
| Document: 0001104659-26-093416-index-headers.html | 0001104659-26-093416 |
| Document: 0001104659-26-093416-index.html | 0001104659-26-093416 |
| Document: 0001104659-26-093416.txt | 0001104659-26-093416 |
| 8-K Data (Synthetic) | 0001104659-26-093416 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 4d ago | 8-K | $9.24 | awaiting T+60 | — | $9.43 (+2.06%) |
Oct 23, 2026 4d ago | Press Release | $9.24 | awaiting T+60 | — | $9.43 (+2.06%) |
Oct 1, 2026 26d ago | 8-K | $11.01 | awaiting T+60 | — | $9.43 (−14.35%) |
Oct 1, 2026 26d ago | Press Release | $11.01 | awaiting T+60 | — | $9.43 (−14.35%) |
Aug 10, 2026 11w ago | 8-K | $13.23 | awaiting T+60 | — | $9.43 (−28.72%) |
Jun 22, 2026 18w ago | Insider Buy | $17.89 $11.14 | ▼ −37.73% | ▼ −39.48% | $9.43 (−47.29%) |
Jun 2, 2026 21w ago | Insider Cluster | $15.30 $11.49 | ▲ +24.90% | ▲ +26.02% | $9.43 (+38.37%) |
May 29, 2026 21w ago | 144 | $15.11 $11.52 | ▲ +23.76% | ▲ +24.99% | $9.43 (+37.59%) |
May 28, 2026 21w ago | Insider Cluster | $14.93 $11.53 | ▼ −22.77% | ▼ −23.96% | $9.43 (−36.84%) |
May 27, 2026 21w ago | 144 | $16.42 $11.81 | ▼ −28.08% | ▼ −29.81% | $9.43 (−42.57%) |
US Market Status
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