v3.26.1
UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Income Statement [Abstract]        
Revenue $ 180,017 $ 162,694 $ 352,684 $ 306,738
Costs and expenses:        
Service and other costs 138,611 121,531 271,117 236,146
Selling, general and administrative expenses 20,406 20,470 40,474 38,655
Depreciation and amortization expense 16,327 17,827 33,635 34,080
Other operating (income) expense (419) 66 (757) 573
Total costs and expenses 174,925 159,894 344,469 309,454
Operating income (loss) 5,092 2,800 8,215 (2,716)
Interest expense (4,256) (2,699) (8,018) (4,318)
Interest income 52 75 90 101
Other income 120 119 59 466
Income (loss) before income taxes 1,008 295 346 (6,467)
Income tax expense (3,525) (3,606) (6,666) (6,694)
Net loss (2,517) (3,311) (6,320) (13,161)
Less: Net income (loss) attributable to noncontrolling interest 4 3 9 (5)
Net loss attributable to Civeo Corporation $ (2,521) $ (3,314) $ (6,329) $ (13,156)
Per Share Data (see Note 6)        
Basic net loss per share attributable to Civeo Corporation common shareholders (in dollars per share) $ (0.23) $ (0.25) $ (0.57) $ (0.98)
Diluted net loss per share attributable to Civeo Corporation common shareholders (in dollars per share) $ (0.23) $ (0.25) $ (0.57) $ (0.98)
Weighted average number of common shares outstanding:        
Basic (in shares) 10,930 13,177 11,025 13,387
Diluted (in shares) 10,930 13,177 11,025 13,387
Dividends per common share (in dollars per share) $ 0 $ 0 $ 0 $ 0.25