ENSV - Earnings announcements

LONGMONT, Colo., Aug. 14, 2024 (GLOBE NEWSWIRE) -- Enservco Corporation (NYSE:ENSV) ("Enservco", or the "Company"), a diversified provider of energy logistics solutions and specialized well-site services to the domestic energy industry, today announced operational and financial results for the second quarter of 2024. The Company announced on August 9, 2024 the sale of certain Colorado based frac water heating assets of Heat Waves Hot Oil Service, LLC, a wholly owned subsidiary of Enservco, and its exit from the frac water heating business in Colorado. The financial results for Colorado frac water heating services are reported in the Company's "Completion and Other Services" segment in Ens

~ Buckshot Acquisition and Star Equity Investment Position Enservco for a New Phase of Growth and Expansion in the Energy Logistics Space ~ ~ Provides Further Update on Plan to Regain Compliance with NYSE American Listing Standards ~ ~ Announces Timing of Q2 2024 Earnings Release and Conference Call ~ Diversifies Company into Energy Logistics Services Via Growing and Profitable BusinessProvides Increased Financial Strength with Year-Round BusinessBuckshot's Owners to Remain to Drive Further Growth in Overall BusinessStrategic Share Exchange Agreement with Star Equity Holdings Makes Star a Significant Shareholder in Enservco and Provides Equity Infusion and Short-Term Debt LONGMONT, Colo

~ Posted Increase in Year-Over-Year Revenues, Segment Profit and Net Income ~ ~ Grew Adjusted EBITDA by 125% from Q1 2023 ~ LONGMONT, Colo., May 15, 2024 (GLOBE NEWSWIRE) -- Enservco Corporation (NYSE:ENSV) ("Enservco", or the "Company"), a diversified national provider of specialized well-site services to the domestic onshore conventional and unconventional oil and gas industries, today announced operational and financial results for the first quarter of 2024. FINANCIAL SUMMARY(in 000's, except per share data)  Q1 2024Q1 2023% ChangeRevenues$ 9,792$ 8,91210% Production services$ 2,485$ 2,863(13%) Completion and other services$7,307$ 6,04921%    Segment profit$ 3,261$ 2,01562% Production

Fourth Quarter 2023 Highlights Revenue flat overall with a completions services revenue increase offset by an expected production services revenue decrease from Q4 of 2022Gross profit improves 14%General and administrative expenses down 2%Net loss increased to $1.9 million from $1.7 million, with the increase related to $0.5 million write down of goodwill in Q4 2023 Positive Adjusted EBITDA versus an Adjusted EBITDA loss in Q4 of 2022 Full Year 2023 Highlights Revenue up 2% compared to 2022Gross profit improves 61%General and administrative expenses down 9%Net loss increased to $8.5 million from $5.6 million, due primarily to the write down of goodwill and the 2022 net loss including a $4

LONGMONT, Colo., March 28, 2024 (GLOBE NEWSWIRE) -- Enservco Corporation (NYSE:ENSV), a diversified national provider of specialized well-site services to the domestic onshore conventional and unconventional oil and gas industries, today announced the timing of its fourth quarter and full year 2023 earnings release and conference call. Enservco plans to issue its fourth quarter and full year 2023 earnings release before the open of trading on April 1, 2024. The Company has scheduled a conference call on the same day at 10:00 a.m. ET to discuss its fourth quarter and full year 2023 operational and financial results. To participate, interested parties should dial 877-270-2148 at least five

Nine-month revenue up 3% year over year to $15.6 million from $15.1 millionQ3 revenue down 6% year over year to $2.9 million from $3.1 million due to Company's earlier exit from North Dakota market to focus on more profitable basinsQ3 acquisition of Rapid Hot strengthens position in Marcellus Shale and adds new revenue and management depthRecent $1,625,000 convertible debt financing that included participation from lead investors of Rapid Hot, an Enservco board member and Cross River PartnersYear-to-date progress de-levering balance sheet, with long-term debt reduced to $4.2 million from $5.3 million since 2022 year-end and from approximately $36 million at 2019 peak debt LONGMONT, Colo., N

LONGMONT, Colo., Nov. 14, 2023 (GLOBE NEWSWIRE) -- Enservco Corporation (NYSE:ENSV), a diversified national provider of specialized well-site services to the domestic onshore conventional and unconventional oil and gas industries, today announced it has scheduled its 2023 third quarter earnings call for Thursday November 16, 2023, at 9:30 a.m. ET. The conference call will be accessible by dialing 888-506-0062 (973-528-0011 for international callers), access code 577898. A telephonic replay will be available through November 30, 2023, by calling 877-481-4010 (919-882-2331 for international callers) and entering the Replay ID # 49479. To listen to the webcast, participants should access th

9th consecutive quarter of YOY revenue growth, continued improvement in profit metricsQ2 revenue up 8% year over year to $3.7 million from $3.5 millionQ2 adjusted EBITDA improves to $1.0 million loss from $1.6 million lossSix-month revenue up 5% year over year to $12.6 million from $12.0 millionSix-month adjusted EBITDA loss of $14,000 vs. loss of $1.4 millionCompany continues to de-lever balance sheet, reducing long-term debt to $4.6 million from $7.6 million since 2022 year-end and from $36 million at peak debt in 2019Cross River Partners converts more than $1.3 million in convertible debt to equity in second quarter LONGMONT, Colo., Aug. 14, 2023 (GLOBE NEWSWIRE) -- Enservco Corporatio

LONGMONT, Colo., Aug. 12, 2023 (GLOBE NEWSWIRE) -- Enservco Corporation (NYSE:ENSV), a diversified national provider of specialized well-site services to the domestic onshore conventional and unconventional oil and gas industries, today announced it has scheduled its 2023 second quarter earnings call for Tuesday August 15, 2023, at 9:00 a.m. ET. The conference call will be accessible by dialing 877-545-0523 (973-528-0016 for international callers), access code 173030. A telephonic replay will be available through August 29, 2023, by calling 877-481-4010 (919-882-2331 for international callers) and entering the Replay ID # 48952. To listen to the webcast, participants should access the En

8th consecutive quarter of YOY revenue growth, continued improvement in profit metricsRevenue up 4% to $8.9 million from $8.6 millionGross profit up 56% to $2.0 million from $1.3 millionAdjusted EBITDA up 255% to $0.7 million compared to $0.2 millionCompany continues to de-lever balance sheet, reducing long-term debt to $7.2 million from $8.4 million since 2022 year-end and from $36 million at peak debt in 2019; Company plans for additional debt reduction through remainder of 2023Company will conduct investor conference call today at 5:00 p.m. Eastern (call details below) LONGMONT, Colo., May 15, 2023 (GLOBE NEWSWIRE) -- Enservco Corporation (NYSE:ENSV), a diversified national provider of

Q2 revenue up 12% YOY to $3.5 million from $3.1 million Q2 net loss increased to $3.9 million from $1.4 million YOY primarily due to nonrecurring events, including professional fees related to restatement of financial statements and SEC filings, severance and stock-based compensation related to the CFO transition, and the $1.1 million in Employee Retention Credits received in the second quarter last year Q2 Adjusted EBITDA loss was flat at $1.6 million Six-month revenue increased 46% YOY to $12.0 million from $8.2 million Six-month net loss reduced to $0.8 million from $5.3 million YOY due primarily to the $4.3 million gain on debt extinguishment in the first quarter of 2022 Six-month a

Q1 revenue up 67% YOY to $8.6 million from $5.1 million as Company posts gains across all service offerings based on increased customer activity driven by higher commodity pricesCompany expects to bring its filings current in near future with filing of second quarter Form 10-Q LONGMONT, Colo., Oct. 19, 2022 (GLOBE NEWSWIRE) -- Enservco Corporation (NYSE:ENSV), a diversified national provider of specialized well-site services to the domestic onshore conventional and unconventional oil and gas industries, today reported financial results for its first quarter ended March 31, 2022. Revenue increased 67% year over year to $8.6 million from $5.1 million due to increased customer demand based

LONGMONT, Colo, July 18, 2022 (GLOBE NEWSWIRE) -- Enservco Corporation (NYSE:ENSV), a diversified national provider of specialized well-site services to the domestic onshore conventional and unconventional oil and gas industries, today announced it anticipates it will file its 2022 first quarter financial statements by August 15, 2022. The filing was delayed as the Company's resources were devoted to revising its 2021 Form 10-Qs and in preparing its 2021 Form 10-K. The Company previously announced that revenue for the first quarter ended March 31, 2022, is expected to increase between 58% and 64% year over year based on higher commodity prices and increased demand for its services. Follow

Q4 revenue up 71% YOY as Company posts gains across all service offerings based on increased customer activity driven by higher commodity prices Third consecutive quarter of double-digit YOY revenue growth following pandemic and drilling downturn that began in second quarter of 2020 Balance sheet recently strengthened through refinancing of bank debt Growth momentum carries into 2022 with first quarter revenue expected to increase between 58% and 64% YOY Company working to complete 2022 first and second quarter Form 10-Qs and will conduct earnings conference call at that time to address all recent results LONGMONT, Co

Earnings conference call originally scheduled for April 18, 2022, will be rescheduled Company expects to report Q4 revenue 71% higher than prior year with similar revenue increase anticipated for first quarter of 2022 LONGMONT, Colo., April 18, 2022 (GLOBE NEWSWIRE) -- Enservco Corporation (NYSE:ENSV), a diversified national provider of specialized well-site services to the domestic onshore conventional and unconventional oil and gas industries, today announced it will delay the filing of its 2021 Form 10-K to restate the Company's financial statements on three Form 10-Qs for 2021 to adjust for its utilization of certain deferred tax liabilities in 2021. These restatements are not relate

LONGMONT, Colo., April 13, 2022 (GLOBE NEWSWIRE) -- Enservco Corporation (NYSE:ENSV), a diversified national provider of specialized well-site services to the domestic onshore conventional and unconventional oil and gas industries, today announced it will release its 2021 fourth quarter and full year financial results after the market closes on Monday, April 18, 2022. Management will then host a conference call and webcast to discuss the results and subsequent operational developments. The conference call will begin at 2:30 p.m. Mountain Time (4:30 p.m. Eastern) and will be accessible by dialing 888-506-0062 (973-528-0011 for international callers). A telephonic replay will be available t

Q3 revenue up 72% as Company posts gains across all service offeringsQ3 adjusted EBITDA improves by 10%Increase in customer activity driven by higher commodity prices and steady recovery from pandemic impactCompany amends credit facility and obtains waiver LONGMONT, Colo., Nov. 15, 2021 (GLOBE NEWSWIRE) -- Enservco Corporation (NYSE:ENSV), a diversified national provider of specialized well-site services to the domestic onshore conventional and unconventional oil and gas industries, today reported financial results for its third quarter and nine-month period ended September 30, 2021. "Our renewed growth momentum carried into the third quarter as the industry continued to reco

LONGMONT, Colo., Nov. 12, 2021 (GLOBE NEWSWIRE) -- Enservco Corporation (NYSE:ENSV), a diversified national provider of specialized well-site services to the domestic onshore conventional and unconventional oil and gas industries, today announced it will release its 2021 third quarter financial results after the market closes on Monday, November 15, 2021. Management will then host a conference call and webcast to discuss the results and subsequent operational developments. The conference call will begin at 2:30 p.m. Mountain Time (4:30 p.m. Eastern) and will be accessible by dialing 877-545-0523 (973-528-0016 for international callers). A telephonic replay will be available through Novemb

Q2 revenue up 44% as Company posts gains across all service offerings Q2 net loss improves by 63%, reflecting higher revenue, cost efficiencies, CARES Act tax credits and lower interest expense following debt refinancing Q2 adjusted EBITDA improves 24% Balance Sheet Strengthened Since December 31 Year End Working capital increases to $4.2 million from $0.3 million Cash and cash equivalents increase to $3.8 million from $1.5 million Stockholders' equity improves to $9.2 million from $2.6 million $1.9 Million PPP Loan Has Been Fully Forgiven and Will Be Booked into Other Income in Q3 LONGMONT, Colo., Aug. 05, 2021 (GLOBE NEWSWIRE) -- Enservco Corporation (NYSE:ENSV), a diversified na

LONGMONT, Colo., July 30, 2021 (GLOBE NEWSWIRE) -- Enservco Corporation (NYSE:ENSV), a diversified national provider of specialized well-site services to the domestic onshore conventional and unconventional oil and gas industries, today announced it will release its 2021 second quarter financial results after the market closes on Thursday, August 5, 2021. Management will then host a conference call and webcast to discuss the results and subsequent operational developments. The conference call will begin at 2:30 p.m. Mountain Time (4:30 p.m. Eastern) and will be accessible by dialing 888-506-0062 (973-528-0011 for international callers). A telephonic replay will be available through August