NITRO CONSTRUCTION SERVICES ANNOUNCES ACQUISITION OF RIGNEY DIGITAL SYSTEMS

Written by Emily J. Thompson, Senior Investment Analyst

Source: PRnewswire

Updated: Sep 18 2025

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Should l Buy ESOA?

Source: PRnewswire

Acquisition Announcement: Energy Services of America Corporation's subsidiary, Nitro Construction Services, has acquired Rigney Digital Systems, a leader in HVAC control systems, enhancing Nitro's expertise in building technology.
Operational Continuity: Rigney will retain its brand identity, staff, and client relationships, ensuring continuity for existing customers while benefiting from Nitro's resources for future growth.

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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 of America Reports 16.8% Annual Revenue Growth and Highest Quarterly Revenue

Dec 10 2025Newsfilter

Revenue Growth: Energy Services of America reported fiscal 2025 revenue of $411 million, a 16.8% increase driven primarily by demand in the Gas & Water Distribution segment, indicating strong market performance.
Quarterly Performance: In Q4 2025, revenue reached $130.1 million, up from $104.7 million in the same quarter last year, although gross profit decreased to $16.5 million, reflecting impacts from project timing and sales mix.
Net Income Fluctuation: The net income for Q4 was $4.2 million, or $0.25 per diluted share, down from $6.7 million and $0.40 per diluted share in the prior year, primarily due to project delays caused by severe winter weather.
Future Outlook: The company remains optimistic about fiscal 2026, anticipating strong demand in the water and wastewater sector to drive growth, while the recent acquisition of Rigney Digital Systems is expected to enhance service capabilities and improve margin profiles.

Energy Services of America Reports 16.8% Annual Revenue Growth and Record Quarterly Revenue

Dec 09 2025PRnewswire

Annual Revenue Growth: Energy Services of America reported total revenues of $411 million for fiscal 2025, marking a 16.8% increase from $351.9 million in fiscal 2024, primarily driven by demand in the Gas & Water Distribution segment, indicating strong market performance.
Quarterly Performance Review: For the fourth quarter of fiscal 2025, revenues reached $130.1 million, a 24.5% increase from $104.7 million in the same quarter last year, achieving the highest quarterly revenue in company history despite adverse winter weather, reflecting resilience in challenging conditions.
Profitability Decline: Despite revenue growth, net income for the fourth quarter was $4.2 million, down 37.5% from $6.7 million in the prior year, primarily due to project delays and changes in sales mix, indicating pressure on profitability.
Optimistic Future Outlook: The company anticipates continued strong demand in the water and wastewater sectors for fiscal 2026 and plans to enhance service capabilities through acquisitions, demonstrating confidence in long-term growth prospects.

Energy Services of America to Present and Host 1x1 Investor Meetings at the 17th Annual Southwest IDEAS Investor Conference on November 20

Nov 13 2025PRnewswire

Company Presentation Announcement: Energy Services of America will have its President and CFO present at the Southwest IDEAS Investor Conference on November 20, 2025, in Dallas, TX, with a scheduled start time of 4:20 PM ET.
Webcast Availability: The presentation will be available via webcast on the conference host's website, allowing interested parties to access it online.
Company Overview: Energy Services of America Corporation, based in Huntington, WV, is a contractor and service provider in various industries, including natural gas and power, employing over 1,000 people.
Core Values: The company emphasizes safety, quality, and production as its core values in its operations across the mid-Atlantic and Central regions of the United States.