Civeo Corporation Q3 2025 Financial Results

Civeo Corporation reported its financial results for the third quarter of 2025. The company generated revenues of $170.5 million, a net loss of $0.5 million, and Adjusted EBITDA of $28.8 million. The Australian segment showed growth with revenues of $124.5 million and Adjusted EBITDA of $26.7 million, driven by increased occupancy and contributions from recent acquisitions. The Canadian segment reported revenues of $46.0 million and Adjusted EBITDA of $8.0 million, benefiting from cost-cutting measures. Civeo repurchased 1.05 million common shares, returning approximately $52 million to shareholders year-to-date. The company also tightened its full-year 2025 revenue guidance to $640 million to $655 million and Adjusted EBITDA guidance to $86 million to $91 million.