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Energy Services of America Reports First Quarter Fiscal 2026 Results
Energy Services' backlog grew by $41.7 million to $301.4 million, driven by 30% revenue growth in Gas & Water Distribution, supporting municipal and private utility projects.
- On February 9, 2026, Energy Services reported $2.7 million net income and a $42 million backlog increase to $301.4 million as of December 31, 2025.
- After an extended lull, increased activity in Gas & Water Distribution and Gas & Petroleum Transmission projects supported results, with expenses rising due to a full quarter of Tribute acquisition costs.
- Gross profit and margin expanded in the quarter as gross profit rose to $14.0 million and gross margin improved to 12.3%.
- Management added that it optimized staffing for winter and remains optimistic, supporting the company's 1,500+ regular employees, after strong demand and two new project awards.
- One segment posted revenue softness even as its backlog rose, with the Electrical, Mechanical and General projects seeing a $42 million sequential backlog increase, indicating mixed near-term demand.
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Coverage Details
Total News Sources25
Leaning Left4Leaning Right1Center9Last UpdatedBias Distribution64% Center
Bias Distribution
- 64% of the sources are Center
64% Center
L 29%
C 64%
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