The dramatic turnaround in profitability and margin expansion, combined with a record backlog, signals strong operational momentum. Traders should watch for continued execution in the seasonally stronger second half and any further guidance updates. The recent equity offering ($21.2M) provides balance sheet flexibility but adds dilution.
Price Chart
Executive Summary
Energy Services of America reported a transformative Q2 FY2026: revenue surged 21.5% YoY to $93.2M, and the company swung from a $6.8M net loss to a $216K net profit — its first profitable fiscal Q2 in 17 years. Gross margin expanded from 0.1% to 11.0%, and backlog grew to $325.1M, signaling sustained demand across all segments.
Key Financial Metrics
Key Facts
- Revenue of $93.2M vs $76.7M YoY (+21.5%)
- Net income of $216K vs net loss of $6.8M YoY
- EPS of $0.01 vs ($0.41) YoY
- Gross margin improved to 11.0% from 0.1% YoY
- Adjusted EBITDA of $4.7M vs ($4.9M) YoY
- Backlog of $325.1M, up $23.6M sequentially
- Completed 2,001,000 share equity offering for $21.2M net proceeds
Financial Impact
Revenue increased by $16.5M YoY; net income improved by $7.0M YoY; gross profit improved by $10.1M YoY
Risk Factors
- Equity dilution from 2M share offering (net proceeds $21.2M)
- Construction industry cyclicality and weather dependency
- Interest expense of $622K remains a drag on earnings
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-058687 |
| Document: tm2614142d1_8k.htm | 0001104659-26-058687 |
| Document: 0001104659-26-058687-index-headers.html | 0001104659-26-058687 |
| Document: 0001104659-26-058687-index.html | 0001104659-26-058687 |
| Document: 0001104659-26-058687.txt | 0001104659-26-058687 |
| 8-K Data (Synthetic) | 0001104659-26-058687 |
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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