Enservco Corporation, through its subsidiaries, provides well enhancement and fluid management services to the onshore oil and natural gas industry in the United States. It offers frac water heating, hot oiling, pressure testing, acidizing, bacteria and scale treatment, freshwater and saltwater hauling, fluid disposal, frac tank rental, well site construction, and other general oil field services. The company owns and operates a fleet of approximately 338 specialized trucks, trailers, frac tanks, and other well-site related equipment. It operates in the eastern United States region comprising the southern region of the Marcellus Shale formation and the Utica Shale formation in eastern Ohio; Rocky Mountain region consisting of western Colorado and southern Wyoming, central Wyoming, western North Dakota, and eastern Montana; and the Central United States region, including Eagle Ford Shale and Permian Basin in Texas. Enservco Corporation was incorporated in 1980 and is headquartered in Longmont, Colorado.
IPO Year:
Exchange: AMEX
Website: enservco.com
8-K - Enservco Corp (0000319458) (Filer)
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8-K - Enservco Corp (0000319458) (Filer)
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8-K - Enservco Corp (0000319458) (Filer)
8-K - Enservco Corp (0000319458) (Filer)
10-Q - Enservco Corp (0000319458) (Filer)
8-K/A - Enservco Corp (0000319458) (Filer)
8-K - Enservco Corp (0000319458) (Filer)
DEFA14A - Enservco Corp (0000319458) (Filer)
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
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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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 $2.5 millio
~ Buckshot Acquisition and Star Equity Investment Position Enservco for a New Phase of Growth and Expansion in the Energy Logistics Space ~ ~ Provides Further Update on Plan to Regain Compliance with NYSE American Listing Standards ~ ~ Announces Timing of Q2 2024 Earnings Release and Conference Call ~ Diversifies Company into Energy Logistics Services Via Growing and Profitable BusinessProvides Increased Financial Strength with Year-Round BusinessBuckshot's Owners to Remain to Drive Further Growth in Overall BusinessStrategic Share Exchange Agreement with Star Equity Holdings Makes Star a Significant Shareholder in Enservco and Provides Equity Infusion and Short-Term Debt LONGMONT, Colo
~ Posted Increase in Year-Over-Year Revenues, Segment Profit and Net Income ~ ~ Grew Adjusted EBITDA by 125% from Q1 2023 ~ LONGMONT, Colo., May 15, 2024 (GLOBE NEWSWIRE) -- Enservco Corporation (NYSE:ENSV) ("Enservco", or the "Company"), a diversified national provider of specialized well-site services to the domestic onshore conventional and unconventional oil and gas industries, today announced operational and financial results for the first quarter of 2024. FINANCIAL SUMMARY(in 000's, except per share data) Q1 2024Q1 2023% ChangeRevenues$ 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
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