Stonegate Capital Partners updated its coverage of Civeo Corporation, reporting that the company posted quarterly revenue of $161.6 million and adjusted EBITDA of $21.7 million, with results supported by strength in Australia and cost-cutting benefits in Canada. The firm noted operating cash flow of $19.3 million and capital expenditures of $4.8 million, and said Civeo ended the quarter with net debt of $168.4 million and about $90.4 million in liquidity. Stonegate highlighted management’s FY26 guidance of $650 million to $700 million in revenue and $85 million to $90 million in EBITDA, and pointed to ongoing share repurchases as a key part of the company’s capital return strategy.
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