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

OLD GREENWICH, Conn., Aug. 12, 2024 (GLOBE NEWSWIRE) -- Star Equity Holdings, Inc. (NASDAQ:STRR, STRRP))) ("Star" or the "Company"), a diversified holding company, announced today that effective August 9, 2024, it completed an investment in Enservco Corporation (NYSE:ENSV) ("Enservco" or "ENSV"), a Colorado-based Energy Services company that is expanding into the Transportation & Logistics sector via the acquisition of Buckshot Trucking, LLC ("Buckshot"). Transaction Highlights Star issued 250,000 shares of its 10% Series A Cumulative Perpetual Preferred Stock ("STRRP") to Enservco in exchange for 12.5 million ENSV common shares and share equivalents, representing $2.5 millio

~ 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

Sale of Assets from Seasonal Colorado Frac Water Heating Business Consistent with Enservco Strategy to Focus Efforts on Year-Round Businesses including Opportunities Afforded by Pending Buckshot AcquisitionNet Proceeds from Transaction to be Used to Pay Down Debt Under Utica FacilitySignificantly Reduces Company's Debt Burden and Paves Way for Debt Restructuring LONGMONT, Colo., Aug. 09, 2024 (GLOBE NEWSWIRE) -- Enservco Corporation (NYSE:ENSV) ("Enservco" or the "Company") today announced it has sold to HP Oilfield Services, LLC ("HP") certain Colorado based assets of Heat Waves Hot Oil Service, LLC, a wholly owned subsidiary of Enservco (the "Transaction"). Transaction consideratio

LONGMONT, Colo., June 13, 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 provided a further update on its plan to regain compliance with NYSE American listing standards, including the status of its previously announced planned resolution of its equity deficit (the "Updated Plan"). The Company's management believes that timely completion of the Updated Plan will satisfy the stockholders' equity requirement and allow Enservco to retain its listing on the NYSE American exchange. KEY HIGHLIGHTS

LONGMONT, Colo., June 10, 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 that the staff of NYSE Regulation has determined to commence proceedings to delist the common stock of Enservco from the Exchange. NYSE Regulation has determined that the Company is no longer suitable for listing pursuant to Section 1009(a) of the NYSE American Company Guide (the "Company Guide") as the Company was unable to attain a minimum of $6.0 million of stockholders' equity by June 9, 2024; the end of the maxi

~ 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

Addition of Marc Kramer to Board of Directors Provides Significant Transportation and Logistics Experience as Company Begins Logistics Business Segment Operations Upon Closing of Buckshot AcquisitionExploring Strategic Initiatives to Reduce Reliance on Seasonal Business LONGMONT, Colo., May 01, 2024 (GLOBE NEWSWIRE) -- Enservco Corporation (NYSE:ENSV) ("Enservco" or the "Company") today announced changes to its Board of Directors and provided a corporate update. Marc Kramer was appointed to the Company's Board of Directors on April 30, 2024 upon the recommendation of the Company's Board of Directors. He fills the position vacated by Mr. Steve Weyel who resigned effective April 29, 2024 to

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

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Shares of Adobe Inc. (NASDAQ:ADBE) rose sharply in today's pre-market trading following better-than-expected second-quarter earnings and strong guidance. Adobe reported second-quarter revenue of $5.31 billion, beating the consensus estimate of $5.292 billion. The company reported quarterly adjusted earnings of $4.48 per share, beating analyst estimates of $4.39 per share, according to data from Benzinga Pro. Adobe shares surged 14.6% to $525.76 in the pre-market trading session. Here are some other stocks moving in pre-market trading. Gainers FOXO Technologies Inc. (NYSE:FOXO) rose 53.7% to $0.3674 in pre-market trading. Chijet Motor Company, Inc. (NASDAQ:CJET) shares rose

During the appeal review period, the Company's stock will continue to be listed and traded on the NYSE American exchange.

U.S. stocks traded mixed toward the end of trading, with the Nasdaq Composite edging lower on Monday. The Dow traded up 0.11% to 38,842.27 while the NASDAQ fell 0.04% to 17,125.62. The S&P 500 also rose, gaining, 0.04% to 5,349.38. Check This Out: Wall Street’s Most Accurate Analysts Weigh In On 3 Energy Stocks With Over 7% Dividend Yields Leading and Lagging SectorsUtilities shares climbed by 1.4% on Monday. In trading on Monday, financial shares fell by 0.3%. Top Headline Diamond Offshore Drilling, Inc. (NYSE:DO) disclosed that it signed a definitive agreement to be acquired by Noble Corporation plc (NYSE:NE) in a stock-plus-cash transaction. Equities Trading UP      

Shares of Skye Bioscience, Inc. (NASDAQ:SKYE) fell sharply during Monday's session after the company announced its SBI-100 Ophthalmic Emulsion Phase 2a trial did not achieve target product profile and has discontinued the program. Skye Bioscience shares tumbled 18.9% to $8.87 on Monday. Here are some other stocks moving in today’s mid-day session. Gainers Big Tree Cloud Holdings Limited (NASDAQ:DSY) shares jumped 123% to $4.3001 following the completion of the company’s business combination with Plutonian Acquisition Corp. and amid continued volatility following its Nasdaq debut last week. KWESST Micro Systems Inc. (NASDAQ:KWE) gained 79.8% to $0.7082 after the company was aw

U.S. stocks traded mixed midway through trading, with the Dow Jones index falling around 0.1% on Monday. The Dow traded down 0.06% to 38,774.90 while the NASDAQ rose 0.28% to 17,180.62. The S&P 500 also rose, gaining, 0.11% to 5,352.67. Check This Out: Wall Street’s Most Accurate Analysts Weigh In On 3 Energy Stocks With Over 7% Dividend Yields Leading and Lagging SectorsEnergy shares climbed by 1.3% on Monday. In trading on Monday, financial shares fell by 0.6%. Top Headline Diamond Offshore Drilling, Inc. (NYSE:DO) disclosed that it signed a definitive agreement to be acquired by Noble Corporation plc (NYSE:NE) in a stock-plus-cash transaction. Equities Trading UP    

Gainers Tellurian (AMEX:TELL) stock moved upwards by 4.6% to $0.68 during Wednesday's after-market session. The market value of their outstanding shares is at $568.6 million. KNOT Offshore Partners (NYSE:KNOP) stock increased by 2.73% to $7.51. The company's market cap stands at $262.3 million. San Juan Basin Royalty (NYSE:SJT) shares rose 2.27% to $4.04. The market value of their outstanding shares is at $188.2 million. Enservco (AMEX:ENSV) shares increased by 2.0% to $0.25. The market value of their outstanding shares is at $6.8 million. Enviva (NYSE:EVA) shares moved upwards by 1.45% to $0.6. The company's market cap stands at $44.6 million. Uranium Energy (AMEX:UEC) stock moved upw

Gainers Tetra Technologies (NYSE:TTI) stock rose 4.9% to $3.63 during Tuesday's after-market session. The market value of their outstanding shares is at $476.0 million. TXO Partners (NYSE:TXO) shares increased by 4.84% to $21.02. The company's market cap stands at $650.3 million. Comstock (AMEX:LODE) stock rose 4.53% to $0.23. The market value of their outstanding shares is at $32.4 million. Enservco (AMEX:ENSV) stock moved upwards by 3.94% to $0.26. The company's market cap stands at $7.0 million. Enviva (NYSE:EVA) stock rose 3.31% to $0.58. The company's market cap stands at $43.1 million. FutureFuel (NYSE:FF) shares rose 2.06% to $4.45. The market value of their outstanding shares i

LONGMONT, Colo., Sept. 15, 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 the appointment of veteran executive Mike Lade as senior vice president and chief of staff. Lade is the former president and CFO of Rapid Hot, an oilfield services company recently acquired by Enservco. A certified public account licensed in Texas, Lade has more than 30 years of executive experience with private and NYSE-listed companies, including extensive work in the energy sector. He began his career as an audit manager with Arthur Andersen.

LONGMONT, Colo., April 11, 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 that C. Kevin Chesser, a veteran finance executive with deep experience in the energy industry, has been appointed to its Board of Directors. Chesser joins the Enservco Board with more than 34 years of experience as a senior finance executive for public and private companies. He is a certified public accountant. For the past five years, he has provided CFO-level business consulting services focused on go-public transactions, financings, M&A and

LONGMONT, Colo., Sept. 01, 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 the appointment of Pannell Kerr Forster of Texas, P.C. ("PKF Texas") as its independent registered public accounting firm effective immediately. PKF Texas replaces Plante & Moran PLLC ("Plante"). Enservco had no "disagreements" with Plante, nor were there any "reportable events" that lead to the change in independent registered public accounting firm. "We are pleased to announce this transition," said Rich Murphy, Executive Chairman. "PKF Texas

LONGMONT, Colo., April 25, 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 that Mark K. Patterson has been appointed Chief Financial Officer effective April 22, 2022. He succeeds the departing Marjorie Hargrave. Patterson, who joined Enservco recently as Senior Vice President, is an accomplished senior executive with extensive experience in financial and strategic planning, operations, logistics, capital markets, and M&A. He is a growth-oriented manager with a track record of leading and executing transformative busine

LONGMONT, Colo., June 28, 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 that on June 25, 2021, it adjourned its Annual Meeting of Stockholders with respect to its proposal to reincorporate the Company in the state of Nevada. The Annual Meeting will be reconvened on July 23, 2021, at 10:00 a.m. Mountain Time at the Company's headquarters. During the period of adjournment, the Company will continue to accept stockholder votes only on its proposal to reincorporate the Company in the state of Nevada. The Company intends

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