Civeo beats revenue and EBITDA estimates, but keeps FY26 guidance unchanged amid inflation and customer caution.

Civeo Corporation reported first-quarter revenue of $172.7 million and adjusted EBITDA of $22.5 million, surpassing estimates. The net loss improved to $3.8 million from $9.8 million a year earlier, though operating cash flow was negative due to seasonal factors. Despite strong performance driven by Canadian margin recovery and Australian services, the company maintained its full-year 2026 EBITDA guidance due to ongoing diesel and labor inflation and cautious customer spending. This suggests steady but cautious outlook for earnings growth ahead.