Energy Services of America (ESOA) investor relations material

Executive summary

• Revenue for the quarter ended June 30, 2026, rose 25.5% year-over-year to $130.0 million, driven by strong demand across all segments, especially Gas & Petroleum Transmission.

• Net income rose 57.9% year-over-year to $3.3 million, or $0.18 per diluted share, up from $2.1 million in the prior year period.

• For the nine months ended June 30, 2026, revenue increased 20.1% to $337.3 million, and net income was $6.2 million, compared to a net loss of $3.9 million in the prior year.

• Growth was driven by higher activity in gas & water distribution, gas & petroleum transmission, and electrical, mechanical & general construction services.

• Adjusted EBITDA reached $8.3 million, up from $6.5 million in the prior-year quarter.

Financial highlights

• Gross profit for the quarter was $14.3 million (11.0% margin), up from $12.0 million (11.6%) year-over-year; nine-month gross profit was $38.5 million (11.4% margin), up from $22.3 million (7.9%).

• Diluted EPS for the quarter was $0.18, up from $0.12; nine-month diluted EPS was $0.35, compared to a loss of $0.23 per share in the prior year.

• Operating cash flow for the nine months was $19.5 million, with $7.6 million in capital expenditures and $10.0 million net cash used in financing activities.

• Shareholders' equity increased to $84.1 million, reflecting an equity offering and net income.

• Selling and administrative expenses increased to $9.7 million, primarily from higher labor costs.

Outlook and guidance

• Backlog at June 30, 2026, was $286.6 million, up from $259.7 million at September 30, 2025.

• Management expects continued strong demand in core markets, supported by infrastructure investment, utility modernization, and growth in electric demand and data centers.

• Approximately $200 million of project-specific backlog is expected to convert to revenue over the next twelve months.