Energy Services of America Delivers Strong Q3 2026: Revenue Climbs 25.5%, Backlog Reaches $286.6M
ESOA sits 93% above its 52-week low of $7.84.
Summary
Energy Services of America posted a strong Q3 2026 with revenue up 25.5% to $130M, net income of $3.3M, and a growing backlog of $286.6M. The balance sheet improved with debt reduced to $45.3M.
Key Events · Earnings and Guidance · ESOA
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Revenue Jumps 25.5%
Q3 2026 revenue reached $130.0 million, up from $103.6 million in the prior year quarter, driven by higher activity across all business lines.
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Net Income Improves
Net income was $3.3 million ($0.18 per diluted share) compared to $2.1 million ($0.12 per diluted share) in Q3 2025.
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Backlog Grows to $286.6M
Unaudited backlog at June 30, 2026 was $286.6 million, up from $259.7 million at September 30, 2025, providing strong revenue visibility.
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Debt Reduced Significantly
Total debt decreased to $45.3 million from $72.2 million at September 30, 2025, reflecting principal repayments and use of equity offering proceeds.
Analysis · ESOA · Real Estate & Construction
A robust quarter for Energy Services of America saw revenue climb 25.5% to $130 million, while net income rose to $3.3 million from $2.1 million a year ago. The backlog expanded to $286.6 million, signaling sustained demand across its infrastructure markets. The balance sheet also strengthened significantly — total debt was cut to $45.3 million from $72.2 million, and the revolving credit facility was renewed. This quarter's performance, combined with a healthy backlog and improved financial position, suggests the company is executing well and has good near-term revenue visibility.
At the time of this filing, ESOA was trading at $15.14 on NASDAQ in the Real Estate & Construction sector, with a market capitalization of approximately $288.5M. The 52-week trading range was $7.84 to $19.94. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.