{"success":true,"data":{"pressRelease":{"id":"114639","rtpr_id":"nPn7zm7C4a","ticker":"ESOA","exchange":"NASDAQ","all_tickers":["ESOA"],"title":"Energy Services of America Reports Third Quarter Fiscal 2026 Results","author":"PR Newswire","published_at":"2026-08-10T20:30:00.502Z","article_body":"Energy Services of America Reports Third Quarter Fiscal 2026 Results\n\nPR Newswire\n\nHUNTINGTON, W.Va., Aug. 10, 2026\n\nRecords 25.5% Year-over-Year Revenue Increase and 57.9% Increase in Net Income\n\nHUNTINGTON, W.Va., Aug. 10, 2026 /PRNewswire/ -- Energy Services of America\nCorporation (the \"Company\" or \"Energy Services\") (Nasdaq: ESOA), today\nannounced its results for its fiscal third quarter ended June 30, 2026.\n\nThird Quarter Summary ((1))\n\n * Revenue of $130.0 million versus $103.6 million\n * Gross profit of $14.3 million versus $12.0 million\n * Gross margin of 11.0% compared to 11.6%\n * Net income of $3.3 million, or $0.18 per diluted share, compared to $2.1\nmillion, or $0.12 per diluted share.\n * Adjusted EBITDA of $8.3 million compared to $6.5 million\n * Increased quarterly dividend by 33% to $0.04 per share ((1)) All comparisons are versus the comparable prior year period, unless\n otherwise stated.\n\n\"Our third quarter results reflect strength across each of our segments,\nthanks to continued demand for water distribution and electrical construction\nas well as the continued recovery in our gas transmission business. The\nquarter also benefited from the more favorable weather throughout the spring,\nallowing our projects to start on or ahead of schedule,\" said Doug Reynolds,\nPresident of Energy Services. \"Profitability during the quarter was slightly\naffected by a lower-than-expected gross profit margin on a large gas\ntransmission project, but the diversity of our business allowed us to absorb\nthis impact and still report a 58% increase in year-over-year net income.\"\n\n\"We remain optimistic about the near and longer-term opportunities for the\nbusiness, driven by the ongoing replacement cycle for water infrastructure and\nthe growth in electric demand and build out of data centers across the\ncountry. This confidence is reflected in the 33% increase in our quarterly\ndividend, which is an important component in our focus of delivering long-term\nshareholder return,\" Mr. Reynolds concluded.\n\nThird Quarter Fiscal 2026 Financial Results\nTotal revenues for the period were $130.0 million, compared to $103.6 million\nin the third quarter of fiscal 2025. The increase was primarily driven by\nincreased work across all segments, particularly Gas & Petroleum\nTransmission.\n\nGross profit was $14.3 million, compared to $12.0 million in the prior-year\nquarter. Gross margin was 11.0% of revenues, compared to 11.6% of revenues in\nthe third quarter of fiscal 2025. The decrease in gross margin is related to\none large gas transmission project, partially offset by higher levels of\nconstruction activity across the business.\n\nSelling and administrative expenses were $9.7 million, compared to $8.8\nmillion in the prior-year quarter. The increase is primarily related to higher\nlabor and related costs associated with the Company's growth, partially offset\nby improved operating leverage.\n\nNet income was $3.3 million, or $0.18 per diluted share, compared to $2.1\nmillion or $0.12 per diluted share in the third quarter of fiscal 2025.\n\nBacklog as of June 30, 2026 was $286.6 million, compared to $325.1 million on\nMarch 31, 2026 and $280.7 million as of June 30, 2025.\n\nBelow is a comparison of the Company's operating results for the three months\nended June 30, 2026 and 2025 (unaudited):\n                                                       Three Months Ended                            Three Months Ended                                    Nine Months Ended                             Nine Months Ended\n                                                       June 30,                                      June 30,                                              June 30,                                      June 30,\n                                                       2026                                          2025                                                  2026                                          2025\n\n Revenue                                               $      130,005,928                            $          103,601,585                                $      337,291,570                            $        280,926,850\n\n Cost of revenues                                      115,688,703                                   91,618,987                                            298,748,217                                   258,602,810\n\n                 Gross profit                          14,317,225                                    11,982,598                                            38,543,353                                    22,324,040\n\n Selling and administrative expenses                   9,685,305                                     8,814,545                                             27,940,257                                    25,602,253\n                 Income (loss) from operations         4,631,920                                     3,168,053                                             10,603,096                                    (3,278,213)\n\n Other income (expense)\n                 Other nonoperating expense            (118,403)                                     (38,529)                                              (315,268)                                     (107,407)\n                 Interest expense                      (486,914)                                     (781,198)                                             (2,098,600)                                   (2,140,686)\n                 Gain (loss) on sale of equipment      5,097                                         (128,710)                                             93,846                                        50,532\n Total other income (expense)                          (600,220)                                     (948,437)                                             (2,320,022)                                   (2,197,561)\n\n Income (loss) before income taxes                     4,031,700                                     2,219,616                                             8,283,074                                     (5,475,774)\n\n Income tax expense (benefit)                          745,041                                       137,987                                               2,075,386                                     (1,612,718)\n\n Net income (loss)                                     $          3,286,659                          $              2,081,629                              $          6,207,688                          $          (3,863,056)\n\n Weighted average shares outstanding-basic             18,622,477                                    16,625,761                                            17,614,419                                    16,644,028\n\n Weighted average shares-diluted                       18,659,624                                    16,666,135                                            17,653,687                                    16,644,028\n\n Earnings (loss) per share-basic                       $                   0.18                      $                       0.13                          $                   0.35                      $                   (0.23)\n\n Earnings (loss) per share-diluted                     $                   0.18                      $                       0.12                          $                   0.35                      $                   (0.23)\n\nPlease refer to the table below that reconciles adjusted EBITDA with net\nincome (unaudited):\n                                                                Three Months Ended                         Three Months Ended                     Nine Months Ended                      Nine Months Ended\n                                                                June 30,                                   June 30,                               June 30,                               June 30,\n                                                                2026                                       2025                                   2026                                   2025\n\n Net income (loss)                                              $               3,286,659                  $             2,081,629                $             6,207,688                $            (3,863,056)\n\n Add (less): Income tax expense (benefit)                       745,041                                    137,987                                2,075,386                              (1,612,718)\n\n Add:  Interest expense, net of interest income                 486,914                                    781,198                                2,098,600                              2,140,686\n\n Add: Non-operating expense                                     118,403                                    38,529                                 315,268                                107,407\n (Less) add:  (gain) loss on sale of equipment                  (5,097)                                    128,710                                (93,846)                               (50,532)\n Add: Depreciation and intangible asset amortization expense    3,697,049                                  3,291,414                              11,112,160                             9,172,704\n\n Adjusted EBITDA                                                $               8,328,969                  $             6,459,467                $           21,715,256                 $             5,894,491\n\nUse of Non-GAAP Financial Measures\nIn addition to the financial measures prepared in accordance with U.S.\ngenerally accepted accounting principles (GAAP), this press release contains\ncertain non-GAAP financial measures. The reconciliations of these non-GAAP\nfinancial measures to the most directly comparable GAAP measures and other\ninformation relating to these measures are included herein. We include these\nmeasurements to enhance the understanding of our operating performance. We\nbelieve that Adjusted EBITDA as presented herein, considered along with net\nincome (loss), is a relevant indicator of trends relating to the cash\ngenerating activity of our operations. We believe that excluding the items\nidentified above provides a consistent comparison of the cash-generating\nactivity of our operations. We believe that Adjusted EBITDA is useful to\ninvestors as it facilitates a comparison of our operating performance to other\ncompanies that also use Adjusted EBITDA as a supplemental operating measure.\nNon-GAAP financial measures have limitations as analytical tools and should\nnot be considered in isolation or as a substitute for our financial results\nprepared in accordance with GAAP.\n\nAbout Energy Services\nEnergy Services of America Corporation (NASDAQ: ESOA), headquartered in\nHuntington, WV, is a contractor and service company that operates primarily in\nthe mid-Atlantic and Central regions of the United States and provides\nservices to customers in the natural gas, petroleum, water distribution,\nautomotive, chemical, and power industries. Energy Services employs 1,500+\nemployees on a regular basis. The Company's core values are safety, quality,\nand production.\n\nCertain statements contained in the release including, without limitation, the\nwords \"believes,\" \"anticipates,\" \"intends,\" \"expects\" or words of similar\nimport, constitute \"forward-looking statements\" within the meaning of section\n21E of the Securities Exchange Act of 1934, as amended (the \"Exchange Act\").\nSuch forward-looking statements involve known and unknown risks, uncertainties\nand other factors that may cause the actual results, performance, or\nachievements of the Company to be materially different from any future\nresults, performance or achievements of the Company expressed or implied by\nsuch forward-looking statements. Such factors include, among others, general\neconomic and business conditions, changes in business strategy or development\nplans, the integration of acquired business and other factors referenced in\nthis release, risks and uncertainties related to the restatement of certain of\nour historical consolidated financial statements. Given these uncertainties,\nprospective investors are cautioned not to place undue reliance on such\nforward-looking statements. The Company disclaims any obligation to update any\nsuch factors or to publicly announce the results of any revisions to any of\nthe forward-looking statements contained herein to reflect future events or\ndevelopments.\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/energy-services-of-america-reports-third-quarter-fiscal-2026-results-302847314.html\n(https://www.prnewswire.com/news-releases/energy-services-of-america-reports-third-quarter-fiscal-2026-results-302847314.html)\n\nSOURCE Energy Services of America Corporation\n\n\n\nSteven Hooser or John Beisler, Three Part Advisors, shooser@threepa.com, jbeisler@threepa.com, (214) 872-2710\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS693843/ESA-Logo.jpg?id=OA2841429\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nPn7zm7C4a","title":"Energy Services of America Reports Third Quarter Fiscal 2026 Results","author":"PR Newswire","ticker":"ESOA","created":"2026-08-10T20:30:00.502Z","tickers":["ESOA"],"exchange":"NASDAQ","article_body":"Energy Services of America Reports Third Quarter Fiscal 2026 Results\n\nPR Newswire\n\nHUNTINGTON, W.Va., Aug. 10, 2026\n\nRecords 25.5% Year-over-Year Revenue Increase and 57.9% Increase in Net Income\n\nHUNTINGTON, W.Va., Aug. 10, 2026 /PRNewswire/ -- Energy Services of America\nCorporation (the \"Company\" or \"Energy Services\") (Nasdaq: ESOA), today\nannounced its results for its fiscal third quarter ended June 30, 2026.\n\nThird Quarter Summary ((1))\n\n * Revenue of $130.0 million versus $103.6 million\n * Gross profit of $14.3 million versus $12.0 million\n * Gross margin of 11.0% compared to 11.6%\n * Net income of $3.3 million, or $0.18 per diluted share, compared to $2.1\nmillion, or $0.12 per diluted share.\n * Adjusted EBITDA of $8.3 million compared to $6.5 million\n * Increased quarterly dividend by 33% to $0.04 per share ((1)) All comparisons are versus the comparable prior year period, unless\n otherwise stated.\n\n\"Our third quarter results reflect strength across each of our segments,\nthanks to continued demand for water distribution and electrical construction\nas well as the continued recovery in our gas transmission business. The\nquarter also benefited from the more favorable weather throughout the spring,\nallowing our projects to start on or ahead of schedule,\" said Doug Reynolds,\nPresident of Energy Services. \"Profitability during the quarter was slightly\naffected by a lower-than-expected gross profit margin on a large gas\ntransmission project, but the diversity of our business allowed us to absorb\nthis impact and still report a 58% increase in year-over-year net income.\"\n\n\"We remain optimistic about the near and longer-term opportunities for the\nbusiness, driven by the ongoing replacement cycle for water infrastructure and\nthe growth in electric demand and build out of data centers across the\ncountry. This confidence is reflected in the 33% increase in our quarterly\ndividend, which is an important component in our focus of delivering long-term\nshareholder return,\" Mr. Reynolds concluded.\n\nThird Quarter Fiscal 2026 Financial Results\nTotal revenues for the period were $130.0 million, compared to $103.6 million\nin the third quarter of fiscal 2025. The increase was primarily driven by\nincreased work across all segments, particularly Gas & Petroleum\nTransmission.\n\nGross profit was $14.3 million, compared to $12.0 million in the prior-year\nquarter. Gross margin was 11.0% of revenues, compared to 11.6% of revenues in\nthe third quarter of fiscal 2025. The decrease in gross margin is related to\none large gas transmission project, partially offset by higher levels of\nconstruction activity across the business.\n\nSelling and administrative expenses were $9.7 million, compared to $8.8\nmillion in the prior-year quarter. The increase is primarily related to higher\nlabor and related costs associated with the Company's growth, partially offset\nby improved operating leverage.\n\nNet income was $3.3 million, or $0.18 per diluted share, compared to $2.1\nmillion or $0.12 per diluted share in the third quarter of fiscal 2025.\n\nBacklog as of June 30, 2026 was $286.6 million, compared to $325.1 million on\nMarch 31, 2026 and $280.7 million as of June 30, 2025.\n\nBelow is a comparison of the Company's operating results for the three months\nended June 30, 2026 and 2025 (unaudited):\n                                                       Three Months Ended                            Three Months Ended                                    Nine Months Ended                             Nine Months Ended\n                                                       June 30,                                      June 30,                                              June 30,                                      June 30,\n                                                       2026                                          2025                                                  2026                                          2025\n\n Revenue                                               $      130,005,928                            $          103,601,585                                $      337,291,570                            $        280,926,850\n\n Cost of revenues                                      115,688,703                                   91,618,987                                            298,748,217                                   258,602,810\n\n                 Gross profit                          14,317,225                                    11,982,598                                            38,543,353                                    22,324,040\n\n Selling and administrative expenses                   9,685,305                                     8,814,545                                             27,940,257                                    25,602,253\n                 Income (loss) from operations         4,631,920                                     3,168,053                                             10,603,096                                    (3,278,213)\n\n Other income (expense)\n                 Other nonoperating expense            (118,403)                                     (38,529)                                              (315,268)                                     (107,407)\n                 Interest expense                      (486,914)                                     (781,198)                                             (2,098,600)                                   (2,140,686)\n                 Gain (loss) on sale of equipment      5,097                                         (128,710)                                             93,846                                        50,532\n Total other income (expense)                          (600,220)                                     (948,437)                                             (2,320,022)                                   (2,197,561)\n\n Income (loss) before income taxes                     4,031,700                                     2,219,616                                             8,283,074                                     (5,475,774)\n\n Income tax expense (benefit)                          745,041                                       137,987                                               2,075,386                                     (1,612,718)\n\n Net income (loss)                                     $          3,286,659                          $              2,081,629                              $          6,207,688                          $          (3,863,056)\n\n Weighted average shares outstanding-basic             18,622,477                                    16,625,761                                            17,614,419                                    16,644,028\n\n Weighted average shares-diluted                       18,659,624                                    16,666,135                                            17,653,687                                    16,644,028\n\n Earnings (loss) per share-basic                       $                   0.18                      $                       0.13                          $                   0.35                      $                   (0.23)\n\n Earnings (loss) per share-diluted                     $                   0.18                      $                       0.12                          $                   0.35                      $                   (0.23)\n\nPlease refer to the table below that reconciles adjusted EBITDA with net\nincome (unaudited):\n                                                                Three Months Ended                         Three Months Ended                     Nine Months Ended                      Nine Months Ended\n                                                                June 30,                                   June 30,                               June 30,                               June 30,\n                                                                2026                                       2025                                   2026                                   2025\n\n Net income (loss)                                              $               3,286,659                  $             2,081,629                $             6,207,688                $            (3,863,056)\n\n Add (less): Income tax expense (benefit)                       745,041                                    137,987                                2,075,386                              (1,612,718)\n\n Add:  Interest expense, net of interest income                 486,914                                    781,198                                2,098,600                              2,140,686\n\n Add: Non-operating expense                                     118,403                                    38,529                                 315,268                                107,407\n (Less) add:  (gain) loss on sale of equipment                  (5,097)                                    128,710                                (93,846)                               (50,532)\n Add: Depreciation and intangible asset amortization expense    3,697,049                                  3,291,414                              11,112,160                             9,172,704\n\n Adjusted EBITDA                                                $               8,328,969                  $             6,459,467                $           21,715,256                 $             5,894,491\n\nUse of Non-GAAP Financial Measures\nIn addition to the financial measures prepared in accordance with U.S.\ngenerally accepted accounting principles (GAAP), this press release contains\ncertain non-GAAP financial measures. The reconciliations of these non-GAAP\nfinancial measures to the most directly comparable GAAP measures and other\ninformation relating to these measures are included herein. We include these\nmeasurements to enhance the understanding of our operating performance. We\nbelieve that Adjusted EBITDA as presented herein, considered along with net\nincome (loss), is a relevant indicator of trends relating to the cash\ngenerating activity of our operations. We believe that excluding the items\nidentified above provides a consistent comparison of the cash-generating\nactivity of our operations. We believe that Adjusted EBITDA is useful to\ninvestors as it facilitates a comparison of our operating performance to other\ncompanies that also use Adjusted EBITDA as a supplemental operating measure.\nNon-GAAP financial measures have limitations as analytical tools and should\nnot be considered in isolation or as a substitute for our financial results\nprepared in accordance with GAAP.\n\nAbout Energy Services\nEnergy Services of America Corporation (NASDAQ: ESOA), headquartered in\nHuntington, WV, is a contractor and service company that operates primarily in\nthe mid-Atlantic and Central regions of the United States and provides\nservices to customers in the natural gas, petroleum, water distribution,\nautomotive, chemical, and power industries. Energy Services employs 1,500+\nemployees on a regular basis. The Company's core values are safety, quality,\nand production.\n\nCertain statements contained in the release including, without limitation, the\nwords \"believes,\" \"anticipates,\" \"intends,\" \"expects\" or words of similar\nimport, constitute \"forward-looking statements\" within the meaning of section\n21E of the Securities Exchange Act of 1934, as amended (the \"Exchange Act\").\nSuch forward-looking statements involve known and unknown risks, uncertainties\nand other factors that may cause the actual results, performance, or\nachievements of the Company to be materially different from any future\nresults, performance or achievements of the Company expressed or implied by\nsuch forward-looking statements. Such factors include, among others, general\neconomic and business conditions, changes in business strategy or development\nplans, the integration of acquired business and other factors referenced in\nthis release, risks and uncertainties related to the restatement of certain of\nour historical consolidated financial statements. Given these uncertainties,\nprospective investors are cautioned not to place undue reliance on such\nforward-looking statements. The Company disclaims any obligation to update any\nsuch factors or to publicly announce the results of any revisions to any of\nthe forward-looking statements contained herein to reflect future events or\ndevelopments.\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/energy-services-of-america-reports-third-quarter-fiscal-2026-results-302847314.html\n(https://www.prnewswire.com/news-releases/energy-services-of-america-reports-third-quarter-fiscal-2026-results-302847314.html)\n\nSOURCE Energy Services of America Corporation\n\n\n\nSteven Hooser or John Beisler, Three Part Advisors, shooser@threepa.com, jbeisler@threepa.com, (214) 872-2710\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS693843/ESA-Logo.jpg?id=OA2841429\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved."},"type":"article","timestamp":"2026-08-10T20:30:00.708511611Z","server_sent_at_ms":1786393800708},"received_at":"2026-08-10T20:30:01.065Z","source_url":"https://www.prnewswire.com/news-releases/energy-services-of-america-reports-third-quarter-fiscal-2026-results-302847314.html"},"analysis":{"id":"103639","press_release_id":"114639","analysis_json":{"industry":{"label":"Construction & Engineering","sector":"Industrials"},"redFlags":["Gross margin decreased to 11.0% from 11.6% due to a lower-than-expected margin on a large gas transmission project","Backlog declined sequentially to $286.6 million from $325.1 million in the prior quarter"],"eventType":"earnings","narrative":"Energy Services of America reported fiscal Q3 revenue of $130.0 million, a 25.5% increase from the prior year, while net income surged 57.9% to $3.3 million.\n\nAdjusted EBITDA rose to $8.3 million compared to $6.5 million last year, driven by strong demand in water distribution, electrical construction, and gas transmission segments.\n\nThe board increased the quarterly dividend by 33% to $0.04 per share, reflecting confidence in long-term opportunities and cash generation.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"Strong top and bottom-line growth underscored by a 33% dividend hike highlights operational momentum."},"keyFigures":{"eps":0.18,"revenue":130000000,"revenueYoy":"25.5%","customDimensions":{"backlog":286600000,"net_income":3300000,"gross_margin":"11.0%","adjusted_ebitda":8300000,"dividend_per_share":0.04}},"quotedText":"This confidence is reflected in the 33% increase in our quarterly dividend, which is an important component in our focus of delivering long-term shareholder return","namedEntities":{"people":[{"name":"Doug Reynolds","role":"President"}],"products":[],"companies":[{"name":"Energy Services of America Corporation","ticker":"ESOA"}],"dollarAmounts":[{"amount":"$130.0 million","context":"Q3 fiscal 2026 revenue"},{"amount":"$3.3 million","context":"Q3 fiscal 2026 net income"},{"amount":"$8.3 million","context":"Q3 fiscal 2026 Adjusted EBITDA"},{"amount":"$286.6 million","context":"Backlog as of June 30, 2026"},{"amount":"$0.04","context":"Quarterly dividend per share"}]},"materialImpact":{"score":4,"reasoning":"Revenue grew 25.5% year-over-year to $130.0 million and net income increased 57.9% to $3.3 million. The company also raised its quarterly dividend by 33%, signaling confidence in cash flow and shareholder returns despite slight margin compression."},"tickerRelevance":{"others":[],"primary":"ESOA"},"globalImportance":25,"audienceRelevance":20,"eventTypeSecondary":["dividend"],"importanceComponents":{"tickerTier":"small-mid-cap","eventGravity":"strong-quarterly-results-and-dividend-hike","sectorWeight":"industrials","householdBrandBoost":false}},"event_type":"earnings","event_type_secondary":["dividend"],"sentiment":"bullish","material_impact_score":4,"narrative":"Energy Services of America reported fiscal Q3 revenue of $130.0 million, a 25.5% increase from the prior year, while net income surged 57.9% to $3.3 million.\n\nAdjusted EBITDA rose to $8.3 million compared to $6.5 million last year, driven by strong demand in water distribution, electrical construction, and gas transmission segments.\n\nThe board increased the quarterly dividend by 33% to $0.04 per share, reflecting confidence in long-term opportunities and cash generation.","key_figures":{"eps":0.18,"revenue":130000000,"revenueYoy":"25.5%","customDimensions":{"backlog":286600000,"net_income":3300000,"gross_margin":"11.0%","adjusted_ebitda":8300000,"dividend_per_share":0.04}},"named_entities":{"people":[{"name":"Doug Reynolds","role":"President"}],"products":[],"companies":[{"name":"Energy Services of America Corporation","ticker":"ESOA"}],"dollarAmounts":[{"amount":"$130.0 million","context":"Q3 fiscal 2026 revenue"},{"amount":"$3.3 million","context":"Q3 fiscal 2026 net income"},{"amount":"$8.3 million","context":"Q3 fiscal 2026 Adjusted EBITDA"},{"amount":"$286.6 million","context":"Backlog as of June 30, 2026"},{"amount":"$0.04","context":"Quarterly dividend per share"}]},"model_name":"glm-4.7","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-08-11T00:40:45.962Z","global_importance":25,"audience_relevance":20,"importance_components":{"tickerTier":"small-mid-cap","eventGravity":"strong-quarterly-results-and-dividend-hike","sectorWeight":"industrials","householdBrandBoost":false}},"durationMs":254251,"modelName":"glm-4.7"}}