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Civeo (CVEO) guidance and outlook
Civeo (CVEO) raised its guidance on Oct 29, 2026: EBITDA +47% for FY2026; EBITDA $710M–$720M for FY2026; Capital expenditures $30.0M–$35.0M for FY2026. Civeo's 10-Q filed Oct 30, 2026 makes 20 forward-looking statements.
Guidance and outlook
Latest guidance
| Metric | Period | Range | Change |
|---|---|---|---|
| Revenue | FY2026 | +38% | new |
| EBITDA | FY2026 | +47% | new |
| EBITDA | FY2026 | $710M–$720M | raised |
| Capital expenditures | FY2026 | $30.0M–$35.0M | raised |
| Revenue | FY2026 | +30% | new |
From the earnings release filed Oct 29, 2026 (8-K on EDGAR).
Forward-looking statements, 10-Q filed Oct 30, 2026
- Demand for the majority of our hospitality services is driven primarily by ongoing operations of existing natural resource projects in Australia and Canada.
- Historically, initial demand for our hospitality services has been driven by our customers’ capital spending programs related to the construction and development of natural resource projects and associated infrastructure.
- In general, industry capital spending programs are based on the outlook for commodity prices, production costs, economic growth, perceived political risk, global commodity supply/demand dynamics, reserve replacement requirements, estimates of resource production, annual maintenance requirements, inclusive of turnaround requirements, and the expectations of our customers' shareholders.
- As a result, demand for our hospitality services may be sensitive to expected commodity prices, principally related to metallurgical (met) coal, oil, iron ore and liquefied natural gas (LNG), and the resultant impact of these commodity price expectations on our customers' spending.
- In addition to these historical demand drivers, there is increasing demand for our assets and services tied to data center construction, electrification projects and associated infrastructure.
- Current geopolitical conditions continue to increase volatility in the oil markets, making it more difficult to forecast spending and activity for our Canadian oil customers.
- Since 2023, price increases resulting from pandemic-related inflation and supply chain disruptions have, and are expected to continue to have, a negative impact on our labor, food and consumable costs, including fuel.
- Our Sitka Lodge supports the LNG Canada (LNGC) project and related pipeline projects (specifically, the Coastal GasLink (CGL) Pipeline, the pipeline constructed to transport natural gas feedstock to LNGC), as well as Cedar LNG.
- Accordingly, we expect additional investment in LNG supply will be needed to meet the resulting expected long-term LNG demand growth.
- These fluctuations of the Australian and Canadian dollars have had and will continue to have an impact on the translation of earnings generated from our Australian and Canadian subsidiaries and, therefore, our financial results.
- We currently expect that our 2026 capital expenditures will be in the range of approximately $30 million to $35 million, compared to 2025 capital expenditures of $20.2 million.
- We expect our capital expenditures for 2026 to be in the range of $30 million to $35 million, which excludes any unannounced and uncommitted projects, the spending for which is contingent on obtaining customer contracts or commitments or attractive risk-adjusted economics.
Civeo's latest quarter
Civeo, Q3 2026: revenue $193M (+13% year over year), operating margin 6.9%, net earnings $5.2M, operating cash flow $26.4M. The chart follows the revenue to costs, profit and cash.
Questions
Did Civeo raise or lower its guidance?
Civeo (CVEO) raised its guidance on Oct 29, 2026: EBITDA +47% for FY2026; EBITDA $710M–$720M for FY2026; Capital expenditures $30.0M–$35.0M for FY2026.
What does Civeo expect?
Demand for the majority of our hospitality services is driven primarily by ongoing operations of existing natural resource projects in Australia and Canada. Historically, initial demand for our hospitality services has been driven by our customers’ capital spending programs related to the construction and development of natural resource projects and associated infrastructure. In general, industry capital spending programs are based on the outlook for commodity prices, production costs, economic growth, perceived political risk, global commodity supply/demand dynamics, reserve replacement requi
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.