EX-99.1 2 tm2614142d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 Energy Services of America Reports Second Quarter Fiscal 2026 Results Records 21.5% Year-over-Year Revenue Increase and $23.6 Million Increase in Sequential Backlog HUNTINGTON, W.Va., May 11, 2026 /PRNewswire/ -- Energy Services of America Corporation (the "Company" or "Energy Services") (Nasdaq: ESOA), today announced its results for its second quarter ended March 31, 2026. Second Quarter Highlights (1) Revenue of $93.2 million versus $ 76.7 million Gross profit of $10.2 million versus $78,000 Gross margin of 11.0% compared to 0.1% Net income of $216,000, or $0.01 per diluted share, compared to net loss of $6.8 million, or ($0.41) per share. Adjusted EBITDA of $4.7 million compared to ($4.9 million) Completed 2,001,000 share equity offering, generating net proceeds of $21.2 million (1) All comparisons are versus the comparable prior year period, unless otherwise stated. "The momentum from our strong start to fiscal 2026 carried into the second quarter, resulting in our first profitable fiscal second quarter in 17 years as an operating company," said Doug Reynolds, President of Energy…
Open exhibit ↗Current Report · Items 2.02, 9.01 · 8-K
Energy Services of America Corporation
ESOANASDAQEQUITYCurrent
Results of Operations and Financial Condition
Item 2.02 Results of Operations On May 11, 2026, Energy Services of America Corporation issued a press release disclosing its results of operations and financial condition at and for the three and six months ended March 31, 2026. A copy of the press release dated May 11, 2026, is included as Exhibit 99.1 to this report and is being furnished to the SEC and shall not be deemed filed for any purpose.
Company context
Energy Services of America Corporation (NASDAQ: ESOA), headquartered in Huntington, WV, is a contractor and service company that 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. Energy Services employs 1,400+ employees on a regular basis. The Company's core values are safety, quality, and production.