10-Q · May 11, 2026
Energy Services of America reported significantly improved financial results for the three months ending March 31, 2026, with revenues of $93.2 million, up 21.5% from $76.7 million a year earlier. The company achieved…
Earnings analysis · 10-Q
ESOA earnings analysis
Filed August 10, 2026 · Our reading of the company's report
The latest report
The provided 10-Q extract does not include the income statement, balance sheet, cash flow statement, segment results, or MD&A, so current-quarter revenue, margins, EPS, liquidity, and cash-flow trends cannot be assessed…
Read full summary
The provided 10-Q extract does not include the income statement, balance sheet, cash flow statement, segment results, or MD&A, so current-quarter revenue, margins, EPS, liquidity, and cash-flow trends cannot be assessed from the filing text supplied. Disclosure controls were effective as of June 30, 2026, and management reported no material changes to risk factors since the December 15, 2025 10-K. The principal disclosed issue is the disputed pension claim involving 34 quarterly payments of $41,000, while only 2 shares were repurchased during June 2026.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
What stood out
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Effective Disclosure Controls
Management concluded that disclosure controls and procedures were effective as of June 30, 2026, with no material change in internal control over financial reporting during the third fiscal quarter of 2026.
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No Current Pension Payments
The company made no pension withdrawal-liability payments during the three and nine months ended June 30, 2026, versus $164,000 of payments expensed through September 30, 2022.
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Minimal Share Repurchase Activity
Only 2 shares were repurchased in June 2026 at an average price of $7.48 per share for tax settlement on vested restricted stock awards; 680,752 shares remained available under the repurchase program.
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No Material Litigation Impact
The company stated that, at June 30, 2026, it was not involved in legal proceedings outside the ordinary course other than the disclosed pension claim and did not expect ordinary-course proceedings to have a material adverse effect.
What to watch
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Disputed Pension Liability
The company remains subject to a disputed pension withdrawal-liability claim requiring 34 quarterly installments of $41,000. Payments are suspended during negotiations, but the company must comply with the demand under federal pension law despite believing that no liability exists.
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Existing Risks Remain Unchanged
The 10-Q states that there have been no material changes to the risk factors since the December 15, 2025 10-K; therefore, the filing provides no evidence that previously disclosed risks have diminished.
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Repurchase Program Uncertainty
The repurchase program permits purchases of up to 1,000,000 shares, approximately 6.0% of shares outstanding when authorized, but the company provides no guarantee that any specific number of shares will be repurchased.
Management's outlook
The provided 10-Q text contains no quantitative revenue or EPS outlook and does not state a change to prior guidance.
Earlier filings 4
10-Q · February 9, 2026
Energy Services reported revenue of $114,112,200 for the quarter (beat consensus and up $13,466,086 vs. prior year) with diluted EPS of $0.16. Gross margin improved year-over-year to 12.3% (from 10.2%), while operating…
10-K · December 15, 2025
Energy Services reported consolidated operating revenues of $411.0 million for the fiscal year ended September 30, 2025, up from $351.9 million in fiscal 2024, supported by a backlog increase to $259.7 million as of…
10-Q · August 11, 2025
Energy Services of America reported Q3 FY2025 revenue of $103.6M and GAAP diluted EPS of $0.12. Revenue and EBITDA-level profitability recovered meaningfully from the prior quarter but remain well below the year-ago…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.