Energy Services Reports Q4 Revenue of $130.1M
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 10 2025
0mins
Should l Buy ESOA?
Reports Q4 revenue $130.1M vs. $104.7M last year. "Fiscal 2025 was a year of meaningful growth for the Company, primarily driven by demand within our Gas & Water Distribution segment and our acquisition of Tribute last December," said Doug Reynolds, President of Energy Services. "Full-year profitability was negatively impacted by very unfavorable winter weather, but we continue to execute on these delayed projects. We believe the outlook for Fiscal 2026 remain very favorable. We continue to experience strong demand within the water and wastewater segment as municipalities and private utility companies are replacing and upgrading older systems and our Electrical, Mechanical and General segment are benefiting from increased construction and service opportunities. Our recent acquisition of Rigney Digital Systems enhances the services offered by Nitro Construction and should boost the margin profile for the segment. Also, we are beginning to see a pickup in activity within our Gas Transmission over the past year. Overall, we remain optimistic about the prospects of the business and will continue to be opportunistic with regards to acquisitions, which should deliver long-term value to our shareholders."
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Analyst Views on ESOA
Wall Street analysts forecast ESOA stock price to rise
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 17.310
Low
21.00
Averages
21.00
High
21.00
Current: 17.310
Low
21.00
Averages
21.00
High
21.00
About ESOA
Energy Services of America Corporation is a contractor and service company. The Company operates primarily in the mid-Atlantic and central regions of the United States and provides services to customers in the natural gas, petroleum, water distribution, automotive, chemical, and power industries. For the gas industry, the Company is primarily engaged in the construction, replacement and repair of natural gas pipelines and storage facilities for utility companies and private natural gas companies. For the oil industry, the Company provides a variety of services relating to pipeline, storage facilities and plant work. For the power, chemical, and automotive industries, it provides a full range of electrical and mechanical installations and repairs. Its other pipeline services include corrosion protection services, horizontal drilling services, and others. It has also added the ability to install broadband and solar electric systems and perform civil and general contracting services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Energy Services Reports 21.5% Revenue Growth in Q2
- Significant Revenue Growth: Energy Services reported total revenues of $93.2 million for Q2, a 21.5% increase from $76.7 million in the prior year, driven by sustained demand across all business segments, particularly with Gas & Petroleum Distribution revenues more than doubling, indicating strong market performance.
- Profitability Recovery: The company achieved a net income of $216,000 in Q2, marking its first profitable quarter in 17 years, which reflects significant progress in cost control and revenue growth, likely boosting investor confidence moving forward.
- Increased Backlog: As of March 31, 2026, the company's backlog rose to $325.1 million, up $23.6 million from $301.7 million on December 31, 2025, indicating a strong market outlook and execution capability as the company enters the seasonally stronger quarters.
- Improved Gross Margin: The gross margin for Q2 reached 11.0%, a substantial increase from 0.1% in the prior year, demonstrating effective management of sales mix and fixed cost leverage, thereby enhancing profitability and competitive positioning in the market.
See More
Energy Services of America Completes Additional Share Offering
- Share Offering Details: Energy Services of America successfully completed the sale of an additional 261,000 shares of common stock at $11.50 per share, expected to generate approximately $2.8 million in proceeds, thereby strengthening the company's capital base for future growth.
- Underwriter Role: Lake Street Capital Markets, LLC served as the sole underwriter for this offering, ensuring a smooth process, while Roth Capital Partners acted as financial advisor, enhancing the company's professional support in capital markets.
- Registration Statement Information: The offering was conducted under an effective S-3 registration statement, ensuring compliance and providing investors with transparent access to information, which further bolstered market confidence.
- Company Background: Headquartered in Huntington, WV, Energy Services of America primarily serves the natural gas and petroleum industries with over 1,500 employees, committed to safety, quality, and production, thereby enhancing its competitive position in the industry.
See More
Energy Services of America Completes Sale of 261,000 Shares
- Share Issuance Details: Energy Services of America successfully issued an additional 261,000 shares of common stock at a price of $11.50 per share, which is expected to generate approximately $2.8 million in proceeds, thereby strengthening the company's capital base for future growth.
- Underwriter Role: Lake Street Capital Markets, LLC served as the sole underwriter for this offering, ensuring a smooth issuance process, while Roth Capital Partners acted as the financial advisor, enhancing the company's market credibility.
- Registration Statement Information: The offering was conducted through an effective S-3 registration statement, ensuring compliance and providing investors with transparent access to information, which further bolsters market confidence.
- Company Background: Headquartered in Huntington, West Virginia, Energy Services of America primarily operates in the mid-Atlantic and Central regions, providing services in the natural gas and petroleum sectors with over 1,500 employees, demonstrating its solid position in the industry.
See More
Energy Services of America Prices Public Offering at $11.50
- Public Offering Pricing: Energy Services of America (ESOA) announced the pricing of 1.74 million shares of common stock at $11.50 per share, expecting to raise approximately $20 million in gross proceeds before underwriting discounts and expenses, indicating a proactive financing strategy in the capital markets.
- Additional Share Option: The company granted the underwriter a 30-day option to purchase up to 261,000 additional shares, which, if fully exercised, would increase gross proceeds to about $23 million, thereby enhancing the company's financial strength.
- Use of Proceeds: The net proceeds from this offering are intended for general corporate purposes, working capital, and potential acquisitions, although the company has stated it currently has no specific acquisition plans or agreements, reflecting a cautious approach to business expansion.
- Market Reaction: ESOA's stock price fell 10.29% in pre-market trading to $12.9, indicating market reactions to the offering and investor concerns regarding the company's future growth prospects.
See More
Energy Services of America Announces Public Offering Pricing
- Offering Size: Energy Services of America announced a public offering of 1,740,000 shares at $11.50 each, with expected gross proceeds of approximately $20 million, reflecting the company's proactive financing strategy in the capital markets.
- Additional Share Option: The underwriter has a 30-day option to purchase an additional 261,000 shares, which, if fully exercised, would increase total proceeds to about $23 million, enhancing the company's financial flexibility and growth potential.
- Use of Proceeds: The company intends to use the net proceeds for general corporate purposes, working capital, and potential acquisitions, although it currently has no specific acquisition plans, indicating strategic readiness for future growth opportunities.
- Underwriter and Advisory Support: Lake Street Capital Markets is serving as the sole underwriter for the offering, while Roth Capital Partners acts as the financial advisor, demonstrating the company's emphasis on professional support during the financing process.
See More
Energy Services of America Announces Public Offering Plans
- Public Offering Announcement: Energy Services of America Corporation (ESOA) has announced plans for an underwritten public offering, expecting to grant the underwriter a 30-day option to purchase up to an additional 15% of the shares sold, which will provide crucial funding for future capital needs.
- Clear Use of Proceeds: The net proceeds from this offering are intended for general corporate purposes, working capital, and potential acquisitions, indicating the company's strategic intent to expand its operations and enhance market competitiveness.
- Positive Market Reaction: ESOA's public offering plan is likely to attract investor interest, particularly as the company seeks to enhance financial flexibility and support growth strategies through capital markets, which is expected to have a positive impact on its stock price.
- Key Role of Underwriters: The choice of underwriters and their option to purchase additional shares will significantly influence the success of the offering, as the underwriters' market reputation and capabilities will directly affect investor confidence and participation levels.
See More
Energy Services Reports 21.5% Revenue Growth in Q2
- Significant Revenue Growth: Energy Services reported total revenues of $93.2 million for Q2, a 21.5% increase from $76.7 million in the prior year, driven by sustained demand across all business segments, particularly with Gas & Petroleum Distribution revenues more than doubling, indicating strong market performance.
- Profitability Recovery: The company achieved a net income of $216,000 in Q2, marking its first profitable quarter in 17 years, which reflects significant progress in cost control and revenue growth, likely boosting investor confidence moving forward.
- Increased Backlog: As of March 31, 2026, the company's backlog rose to $325.1 million, up $23.6 million from $301.7 million on December 31, 2025, indicating a strong market outlook and execution capability as the company enters the seasonally stronger quarters.
- Improved Gross Margin: The gross margin for Q2 reached 11.0%, a substantial increase from 0.1% in the prior year, demonstrating effective management of sales mix and fixed cost leverage, thereby enhancing profitability and competitive positioning in the market.
See More
Energy Services of America Completes Additional Share Offering
- Share Offering Details: Energy Services of America successfully completed the sale of an additional 261,000 shares of common stock at $11.50 per share, expected to generate approximately $2.8 million in proceeds, thereby strengthening the company's capital base for future growth.
- Underwriter Role: Lake Street Capital Markets, LLC served as the sole underwriter for this offering, ensuring a smooth process, while Roth Capital Partners acted as financial advisor, enhancing the company's professional support in capital markets.
- Registration Statement Information: The offering was conducted under an effective S-3 registration statement, ensuring compliance and providing investors with transparent access to information, which further bolstered market confidence.
- Company Background: Headquartered in Huntington, WV, Energy Services of America primarily serves the natural gas and petroleum industries with over 1,500 employees, committed to safety, quality, and production, thereby enhancing its competitive position in the industry.
See More
Energy Services of America Completes Sale of 261,000 Shares
- Share Issuance Details: Energy Services of America successfully issued an additional 261,000 shares of common stock at a price of $11.50 per share, which is expected to generate approximately $2.8 million in proceeds, thereby strengthening the company's capital base for future growth.
- Underwriter Role: Lake Street Capital Markets, LLC served as the sole underwriter for this offering, ensuring a smooth issuance process, while Roth Capital Partners acted as the financial advisor, enhancing the company's market credibility.
- Registration Statement Information: The offering was conducted through an effective S-3 registration statement, ensuring compliance and providing investors with transparent access to information, which further bolsters market confidence.
- Company Background: Headquartered in Huntington, West Virginia, Energy Services of America primarily operates in the mid-Atlantic and Central regions, providing services in the natural gas and petroleum sectors with over 1,500 employees, demonstrating its solid position in the industry.
See More
Energy Services of America Prices Public Offering at $11.50
- Public Offering Pricing: Energy Services of America (ESOA) announced the pricing of 1.74 million shares of common stock at $11.50 per share, expecting to raise approximately $20 million in gross proceeds before underwriting discounts and expenses, indicating a proactive financing strategy in the capital markets.
- Additional Share Option: The company granted the underwriter a 30-day option to purchase up to 261,000 additional shares, which, if fully exercised, would increase gross proceeds to about $23 million, thereby enhancing the company's financial strength.
- Use of Proceeds: The net proceeds from this offering are intended for general corporate purposes, working capital, and potential acquisitions, although the company has stated it currently has no specific acquisition plans or agreements, reflecting a cautious approach to business expansion.
- Market Reaction: ESOA's stock price fell 10.29% in pre-market trading to $12.9, indicating market reactions to the offering and investor concerns regarding the company's future growth prospects.
See More
Energy Services of America Announces Public Offering Pricing
- Offering Size: Energy Services of America announced a public offering of 1,740,000 shares at $11.50 each, with expected gross proceeds of approximately $20 million, reflecting the company's proactive financing strategy in the capital markets.
- Additional Share Option: The underwriter has a 30-day option to purchase an additional 261,000 shares, which, if fully exercised, would increase total proceeds to about $23 million, enhancing the company's financial flexibility and growth potential.
- Use of Proceeds: The company intends to use the net proceeds for general corporate purposes, working capital, and potential acquisitions, although it currently has no specific acquisition plans, indicating strategic readiness for future growth opportunities.
- Underwriter and Advisory Support: Lake Street Capital Markets is serving as the sole underwriter for the offering, while Roth Capital Partners acts as the financial advisor, demonstrating the company's emphasis on professional support during the financing process.
See More
Energy Services of America Announces Public Offering Plans
- Public Offering Announcement: Energy Services of America Corporation (ESOA) has announced plans for an underwritten public offering, expecting to grant the underwriter a 30-day option to purchase up to an additional 15% of the shares sold, which will provide crucial funding for future capital needs.
- Clear Use of Proceeds: The net proceeds from this offering are intended for general corporate purposes, working capital, and potential acquisitions, indicating the company's strategic intent to expand its operations and enhance market competitiveness.
- Positive Market Reaction: ESOA's public offering plan is likely to attract investor interest, particularly as the company seeks to enhance financial flexibility and support growth strategies through capital markets, which is expected to have a positive impact on its stock price.
- Key Role of Underwriters: The choice of underwriters and their option to purchase additional shares will significantly influence the success of the offering, as the underwriters' market reputation and capabilities will directly affect investor confidence and participation levels.
See More
