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Civeo Awarded 4-Yr Contract Renewal With Metallurgical Coal Producer To Provide Rooms, Hospitality Services From Coppabella, Moranbah And Nebo Villages In Australian Bowen Basin; Renewal Expected To Generate ~ A$250M In Total Revenues From 2025 To 2029

June 9, 2025

Civeo Announces a 4-Year Contract Renewal in the Australian Bowen Basin with expected revenues of approximately A$250 million

HOUSTON & SYDNEY--(BUSINESS WIRE)--Civeo Corporation (NYSE: CVEO) today announced that it was awarded a four-year contract renewal with a leading metallurgical coal producer to provide rooms and hospitality services from the Company’s existing Coppabella, Moranbah and Nebo villages in the Australian Bowen Basin. The contract renewal is expected to generate approximately A$250 million in total revenues from 2025 to 2029. This contract renewal was contemplated in Civeo’s latest full year 2025 rev

June 9, 2025Contract

CVEO News

Civeo Awarded 4-Yr Contract Renewal With Metallurgical Coal Producer To Provide Rooms, Hospitality Services From Coppabella, Moranbah And Nebo Villages In Australian Bowen Basin; Renewal Expected To Generate ~ A$250M In Total Revenues From 2025 To 2029

Civeo Announces a 4-Year Contract Renewal in the Australian Bowen Basin with expected revenues of approximately A$250 million

Civeo Announces 3-Year Contract With A Metallurgical Coal Producer, Anticipates Contract Will Generate A$64M In Revenue Over 2025-2028 Contract Period

Stifel Maintains Buy on Civeo, Lowers Price Target to $27

Civeo Authorized An Increase To Previously Announced Share Repurchase Program, Increasing Authorization To Allow For The Repurchase Of Up To 20% Of Company's Total Shares (Up From 10%)

Civeo Says It Is Suspending The Company's Cash Dividend Previously Paid To Shareholders On A Quarterly Basis

Civeo Lowers FY2025 Sales Guidance from $630.00M-$660.00M to $620.00M-$650.00M vs $652.80M Est

Civeo Q1 EPS $(0.72) Beats $(0.80) Estimate, Sales $144.04M Miss $148.13M Estimate

Civeo's Earnings Outlook

Stifel Maintains Buy on Civeo, Lowers Price Target to $28

How Do Investors Really Feel About Civeo?

Civeo Plans Repurchase Of Up To 10% Of Its Total Common Shares Outstanding Over Next Twelve Months

Civeo 9.8% Shareholder Engine Capital Says Board Should Eliminate Dividend, 'Aggressively' Repurchase Shares, Target 1.75x Leverage Ratio And Reduce Costs To Deliver ~$47/Share For Shareholders In Standalone Scenario

Civeo 2025 Outlook: Expects Revenue Of $630M-$660M Vs. $719.51M Est.; Sees Adjusted EBITDA Of $80M-$90M

Civeo Q4 2024 GAAP EPS $(1.10) Misses $(0.27) Estimate, Sales $150.95M Miss $162.43M Estimate

Civeo Acquires Four Mining Villages In Bowen Basin For $67M, Expanding Its Workforce Accommodation Portfolio In Australia

Reported Earlier, Civeo Renews A$1.4B Integrated Services Contract With Broader Scope In Australia

(CVEO) - Analyzing Civeo's Short Interest

Civeo Q1 Earnings Beat Estimates Steered By Jump In Lodging Demand

Civeo Q1 EPS $0.06 Beats $(0.24) Estimate, Sales $165.68M Beat $142.24M Estimate; Raises Guidance

Earnings Preview: Civeo