Energy Services of America Corporation (ESOA)

Energy Services of America to Present and Host 1x1 Investor Meetings at the 16th Annual East Coast IDEAS Investor Conference on June 10th & 11th in New York, NYJune 2, 2026 4:30 PM
PR Newswire (US) HUNTINGTON, W.Va., June 2, 2026 /PRNewswire/ -- Energy Services of America (ESOA), today announced management will present at the East Coast IDEAS Investor Conference on Thursday June 11, 2026 at The Westin Times Square in New York, NY. The Company's presentation is scheduled to begin at 8:35am ET. The presentation is webcast and can be accessed through the conference host's main website: https://www.threepartadvisors.com/east-coast. The IDEAS Investor Conferences are held annually and are produced by Three Part Advisors, LLC.  Additional information about the events can be located at www.IDEASconferences.com.Qualified investors interested in attending or scheduling a meeting should contact Lacey Wesley at (817) 769 -2373 or lWesley@IDEASconferences.com.About Energy ServicesEnergy Services of America Corporation (NASDAQ: ESOA), headquartered in Huntington, WV, is a contractor and service company that operates primarily in the mid-Atlantic and Central regions of the United States and provides services to customers in the natural gas, petroleum, water distribution, automotive, chemical, and power industries. Energy Services employs 1,400+ employees on a regular basis. The Company's core values are safety, quality, and production. View original content to download multimedia:https://www.prnewswire.com/news-releases/energy-services-of-america-to-present-and-host-1x1-investor-meetings-at-the-16th-annual-east-coast-ideas-investor-conference-on-june-10th--11th-in-new-york-ny-302788527.htmlSOURCE Energy Services of America Corporation Original: Energy Services of America to Present and Host 1x1 Investor Meetings at the 16th Annual East Coast IDEAS Investor Conference on June 10th & 11th in New York, NY

Energy Services of America Reports Second Quarter Fiscal 2026 ResultsMay 11, 2026 4:30 PM
PR Newswire (US) Records 21.5% Year-over-Year Revenue Increase and $23.6 Million Increase in Sequential Backlog HUNTINGTON, W.Va., May 11, 2026 /PRNewswire/ -- Energy Services of America Corporation (the "Company" or "Energy Services") (Nasdaq: ESOA), today announced its results for its second quarter ended March 31, 2026. Second Quarter Highlights (1)Revenue of $93.2 million versus $ 76.7 millionGross profit of $10.2 million versus $78,000Gross margin of 11.0% compared to 0.1%Net income of $216,000, or $0.01 per diluted share, compared to net loss of $6.8 million, or ($0.41) per share.Adjusted EBITDA of $4.7 million compared to ($4.9 million)Completed 2,001,000 share equity offering, generating net proceeds of $21.2 million(1) All comparisons are versus the comparable prior year period, unless otherwise stated."The momentum from our strong start to fiscal 2026 carried into the second quarter, resulting in our first profitable fiscal second quarter in 17 years as an operating company," said Doug Reynolds, President of Energy Services. "The quarter benefited from the combination of continued demand across all of our business segments and more favorable weather versus the prior year, which allowed many projects this year to begin on time or ahead of schedule.""Revenue from our Gas & Petroleum Distribution more than doubled from the prior-year quarter thanks to new projects awarded in the first quarter and increased activity levels drove double-digit revenue growth for our Gas & Water Distribution and Electrical, Mechanical and General segments. Our backlog increased more than $23 million sequentially, keeping us well-positioned as we enter the seasonally stronger quarters," Mr. Reynolds concluded.Second Quarter Fiscal 2026 Financial Results
Total revenues for the period were $93.2 million, compared to $76.7 million in the second quarter of fiscal 2025. The increase was primarily driven by increased work across all segments, particularly Gas & Petroleum Transmission.Gross profit was $10.2 million, compared to $78,000 in the prior-year quarter. Gross margin was 11.0% of revenues, compared to 0.1% of revenues in the second quarter of fiscal 2025. The increase is related to greater fixed cost leverage from the increased revenue base and more favorable sales mix.Selling and administrative expenses were $9.2 million, compared to $8.2 million in the prior-year quarter. The increase is primarily related to higher labor expenses related to the Company's growth.Net income was $216,000, or $0.01 per diluted share, compared to a net loss of $6.8 million or ($0.41) per share in the second quarter of fiscal 2025.Backlog as of March 31, 2026 was $325.1 million, compared to $301.7 million on December 31, 2025 and $280.7 million as of March 31, 2025.Below is a comparison of the Company's operating results for the three and six months ended March 31, 2026 and 2025 (unaudited):


Three Months Ended
Three Months Ended
Six Months Ended
Six Months Ended


March 31,
March 31,
March 31,
March 31,


2026
2025
2026
2025









Revenue$       93,173,442
$          76,679,151
$     207,285,642
$      177,325,265









Cost of revenues82,941,106
76,601,291
183,059,514
166,983,823










Gross profit10,232,336
77,860
24,226,128
10,341,442









Selling and administrative expenses9,173,925
8,170,087
18,254,952
16,787,708
Income (loss) from operations1,058,411
(8,092,227)
5,971,176
(6,446,266)









Other (expense) income







Other nonoperating expense(94,224)
(20,616)
(196,865)
(68,878)
Interest expense(621,835)
(875,770)
(1,611,686)
(1,359,488)
Gain (loss) on sale of equipment69,993
(16,540)
88,749
179,242


(646,066)
(912,926)
(1,719,802)
(1,249,124)









Income (loss) before income taxes412,345
(9,005,153)
4,251,374
(7,695,390)









Income tax expense (benefit)196,797
(2,206,735)
1,330,345
(1,750,705)









Net income (loss)$            215,548
$           (6,798,418)
$         2,921,029
$        (5,944,685)









Weighted average shares outstanding-basic17,526,126
16,716,809
17,110,381
16,630,245









Weighted average shares-diluted 17,568,110
16,716,809
17,150,954
16,630,245









Earnings per share-basic$                  0.01
$                    (0.41)
$                  0.17
$                 (0.36)









Earnings per share-diluted$                  0.01
$                    (0.41)
$                  0.17
$                 (0.36)Please refer to the table below that reconciles adjusted EBITDA with net income (loss) (unaudited):

Three Months Ended
Three Months Ended
Six Months Ended
Six Months Ended

March 31,
March 31,
March 31,
March 31,

2026
2025
2026
2025

















Net income (loss)
$                215,548
$          (6,798,418)
$            2,921,029
$          (5,944,685)








Add (less): Income tax expense (benefit)
196,797
(2,206,735)
1,330,345
(1,750,705)








Add:  Interest expense, net of interest income
621,835
875,770
1,611,686
1,359,488








Add: Non-operating expense
94,224
20,616
196,865
68,878








(Less) add:  Gain (less) on sale of equipment
(69,993)
16,540
(88,749)
(179,242)Add: Depreciation and intangible asset amortization expense
3,656,461
3,182,462
7,415,111
5,881,290








Adjusted EBITDA
$             4,714,872
$          (4,909,765)
$          13,386,287
$             (564,976)Use of Non-GAAP Financial Measures
In addition to the financial measures prepared in accordance with U.S. generally accepted accounting principles (GAAP), this press release contains certain non-GAAP financial measures. The reconciliations of these non-GAAP financial measures to the most directly comparable GAAP measures and other information relating to these measures are included herein. We include these measurements to enhance the understanding of our operating performance. We believe that Adjusted EBITDA as presented herein, considered along with net income (loss), is a relevant indicator of trends relating to the cash generating activity of our operations. We believe that excluding the costs herein provides a consistent comparison of the cash-generating activity of our operations. We believe that Adjusted EBITDA is useful to investors as they facilitate a comparison of our operating performance to other companies who also use Adjusted EBITDA as supplemental operating measures. Non-GAAP financial measures have limitations as analytical tools and should not be considered in isolation or as a substitute for our financial results prepared in accordance with GAAP.About Energy Services
Energy Services of America Corporation (NASDAQ: ESOA), headquartered in Huntington, WV, is a contractor and service company that operates primarily in the mid-Atlantic and Central regions of the United States and provides services to customers in the natural gas, petroleum, water distribution, automotive, chemical, and power industries. Energy Services employs 1,400+ employees on a regular basis. The Company's core values are safety, quality, and production.Certain statements contained in the release including, without limitation, the words "believes," "anticipates," "intends," "expects" or words of similar import, constitute "forward-looking statements" within the meaning of section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements of the Company expressed or implied by such forward-looking statements. Such factors include, among others, general economic and business conditions, changes in business strategy or development plans, the integration of acquired business and other factors referenced in this release, risks and uncertainties related to the restatement of certain of our historical consolidated financial statements. Given these uncertainties, prospective investors are cautioned not to place undue reliance on such forward-looking statements. The Company disclaims any obligation to update any such factors or to publicly announce the results of any revisions to any of the forward-looking statements contained herein to reflect future events or developments. View original content to download multimedia:https://www.prnewswire.com/news-releases/energy-services-of-america-reports-second-quarter-fiscal-2026-results-302768232.htmlSOURCE Energy Services of America Corporation Original: Energy Services of America Reports Second Quarter Fiscal 2026 Results

Energy Services of America Corporation Announces Closing of Overallotment Option and Issuance of 261,000 Shares of Common StockFebruary 24, 2026 4:30 PM
PR Newswire (US)

HUNTINGTON, W.Va., Feb. 24, 2026 /PRNewswire/ -- Energy Services of America Corporation (the "Company"), today announced that the underwriter for its recently completed public offering has exercised its overallotment option and completed the sale of an additional 261,000 shares of common stock at the public offering price of $11.50 per share. The proceeds to the Company in connection with the exercise of the option and the issuance of the additional shares, after deducting the underwriting discount and commissions but before deducting other expenses payable by the Company, are approximately $2.8 million.







Lake Street Capital Markets, LLC served as the sole underwriter for the offering.Roth Capital Partners acted as financial advisor to the Company for the offering.The offering was made only by means of an effective shelf registration statement on Form S-3 (File No. 333-280025), including a preliminary prospectus supplement and final prospectus supplement, copies of which may be obtained for free by visiting EDGAR on the SEC website at www.sec.gov. Additionally, electronic copies may be obtained from Lake Street Capital Markets, LLC, Attn: Syndicate Department, 121 S 8th St, Suite 1000, Minneapolis, MN 55402, by calling (612) 326-1305, or by emailing syndicate@lakestreetcm.com.This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About Energy Services of America CorporationEnergy Services of America Corporation (NASDAQ: ESOA), headquartered in Huntington, WV, is a contractor and service company that operates primarily in the mid-Atlantic and Central regions of the United States and provides services to customers in the natural gas, petroleum, water distribution, automotive, chemical, and power industries. Energy Services employs 1,500+ employees on a regular basis. The Company's core values are safety, quality, and production.Forward-Looking StatementsThe information disclosed in this press release includes various forward-looking statements that are made in reliance upon the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The words "anticipates," "projects," "intends," "estimates," "expects," "believes," "plans," "may," "will," "should," "could," and other similar expressions are intended to identify such forward-looking statements. The Company cautions that these forward-looking statements are necessarily speculative and speak only as of the date made, and are subject to numerous assumptions, risks and uncertainties, all of which may change over time. Actual results could differ materially from such forward-looking statements. Accordingly, you should not place undue reliance on forward-looking statements. In addition to the specific risk factors disclosed in the Company's Annual Report on Form 10-K for the year ended September 30, 2025, the following factors, among others, could cause actual results to differ materially and adversely from such forward-looking statements: projected revenues, net income, earnings per share, margins, cash flows, liquidity, weighted average shares outstanding, capital expenditures, tax rates and other projections of operating or financial results; expectations regarding our business or financial outlook; expectations regarding opportunities, trends and economic and regulatory conditions in particular markets or industries; expectations regarding our plans and strategies; the business plans or financial condition of our customers; the potential impact of commodity prices and commodity production volumes on our business, financial condition, results of operations and cash flows and demand for our services; the potential benefits from, and future performance of, acquired businesses and our investments; beliefs and assumptions about the collectability of receivables; the expected value of contracts or intended contracts with customers, as well as the scope, services, term or results of any awarded or expected projects; the development of and opportunities with respect to future projects, including pipeline projects; future capital allocation initiatives, including the amount, timing and strategies with respect to any future stock repurchases, and expectations regarding the declaration, amount and timing of any future cash dividends; the impact of existing or potential legislation or regulation; potential opportunities that may be indicated by bidding activity or similar discussions with customers; the future demand for and availability of labor resources in the industries we serve; the expected realization of remaining performance obligations or backlog; the expected outcome of pending or threatened legal proceedings. The Company does not undertake and specifically declines any obligation to publicly release the results of any revisions that may be made to any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.



View original content to download multimedia:https://www.prnewswire.com/news-releases/energy-services-of-america-corporation-announces-closing-of-overallotment-option-and-issuance-of-261-000-shares-of-common-stock-302696165.htmlSOURCE Energy Services of America Corporation

Original: Energy Services of America Corporation Announces Closing of Overallotment Option and Issuance of 261,000 Shares of Common Stock

Energy Services of America Reports First Quarter Fiscal 2026 ResultsFebruary 9, 2026 4:30 PM
PR Newswire (US)

Records 13.4% Year-over-Year Revenue Increase and $41.7 Million Increase in Sequential Backlog HUNTINGTON, W.Va., Feb. 9, 2026 /PRNewswire/ -- Energy Services of America Corporation (the "Company" or "Energy Services") (Nasdaq: ESOA), today announced its results for its first quarter ended December 31, 2025.







First Quarter Highlights (1)Revenue of $114.1 million versus $100.6 millionGross profit of $14.0 million versus $10.3 millionGross margin improved 210 basis points to 12.3%Net income of $2.7 million, or $0.16 per diluted share, compared to $854,000, or $0.05 per diluted share.Adjusted EBITDA of $8.3 million compared to $4.3 million(1) All comparisons are versus the comparable prior year period, unless otherwise stated."We had a very strong start to fiscal 2026, thanks to continued robust demand within our Gas & Water Distribution segment and growth within our Gas & Petroleum Transmission segment from two new projects awarded in the quarter," said Doug Reynolds, President of Energy Services."We continue to benefit from the very favorable tailwinds across our business, as evidence by the $42 million sequential increase in our backlog. After an extended period of reduced activity, the Gas & Petroleum Distribution segment is experiencing an uptick in bid opportunities. Revenue for our Gas & Water Distribution projects increased 30 percent from the prior-year quarter thanks to the ongoing replacement and upgrade cycle by municipalities and private utility companies. Revenue for the Electrical, Mechanical and General projects declined slightly on a year-over-year basis, but backlog increased by $7 million sequentially thanks to strong demand for large construction projects. We have been proactive in optimizing our workforce for the seasonally slower winter months,  and remain optimistic about the prospects of the business,  which should deliver long-term value to our shareholders," Mr. Reynolds concluded.First Quarter Fiscal 2026 Financial Results        Total revenues for the period were $114.1 million, compared to $100.6 million in the first quarter of fiscal 2025. The increase was primarily driven by increased work on Gas & Water Distribution and Gas & Petroleum Transmission projects.Gross profit was $14.0 million, compared to $10.3 million in the prior-year quarter. Gross margin was 12.3% of revenues, compared to 10.2% of revenues in the first quarter of fiscal 2025. The decrease is related to sales mix and increased revenue base.Selling and administrative expenses were $9.1 million, compared to $8.6 million in the prior-year quarter. The increase is primarily related to a full quarter contribution of expenses related to the Tribute acquisition that was completed in December of last year.Net income was $2.7 million, or $0.16 per diluted share, compared to $854,000 or $0.05 per diluted share in the first quarter of fiscal 2025.Backlog as of December 31, 2025 was $301.4 million, compared to $259.7 million on September 30, 2025 and $260.2 million as of September 30, 2024.Below is a comparison of the Company's operating results for the three months ended December 31, 2025 and 2024 (unaudited):


Three Months Ended
Three Months Ended


December 31, 2025
December 31, 2024





Revenue$             114,112,200
$             100,646,114





Cost of revenues100,118,408
90,382,532






Gross profit13,993,792
10,263,582





Selling and administrative expenses9,081,029
8,618,188
Income from operations4,912,763
1,645,394





Other income (expense)



Other nonoperating income (expense)(102,642)
(48,262)
Interest expense(989,851)
(483,718)
Gain on sale of equipment18,756
195,782


(1,073,737)
(336,198)






Income before income taxes3,839,026
1,309,196






Income tax expense1,133,544
455,463






Net income$                 2,705,482
$                    853,733












Weighted average shares outstanding-basic16,703,674
16,585,334






Weighted average shares-diluted 16,742,867
16,636,561






Earnings per share$                          0.16
$                          0.05






Earnings per share-diluted$                          0.16
$                          0.05Please refer to the table below that reconciles adjusted EBITDA with net income (unaudited):
Three Months Ended
Three Months Ended
December 31, 2025
December 31, 2024











Net income$                2,705,482
$                  853,733Add: Income tax expense1,133,544
455,463Add:  Interest expense, net of interest income989,851
483,718Add Non-operating expense102,642
48,262Less: gain on sale of equipment(18,756)
(195,782)Add: Depreciation and intangible asset amortization expense3,111,424
2,698,828Adjusted EBITDA$                8,024,187
$               4,344,222Use of Non-GAAP Financial Measures
In addition to the financial measures prepared in accordance with U.S. generally accepted accounting principles (GAAP), this press release contains certain non-GAAP financial measures. The reconciliations of these non-GAAP financial measures to the most directly comparable GAAP measures and other information relating to these measures are included herein. We include these measurements to enhance the understanding of our operating performance. We believe that Adjusted EBITDA as presented herein, considered along with net income (loss), is a relevant indicator of trends relating to the cash generating activity of our operations. We believe that excluding the costs herein provides a consistent comparison of the cash generating activity of our operations. We believe that Adjusted EBITDA is useful to investors as they facilitate a comparison of our operating performance to other companies who also use Adjusted EBITDA as supplemental operating measures. Non-GAAP financial measures have limitations as analytical tools and should not be considered in isolation or as a substitute for our financial results prepared in accordance with GAAP.About Energy Services
Energy Services of America Corporation (NASDAQ: ESOA), headquartered in Huntington, WV, is a contractor and service company that operates primarily in the mid-Atlantic and Central regions of the United States and provides services to customers in the natural gas, petroleum, water distribution, automotive, chemical, and power industries. Energy Services employs 1,500+ employees on a regular basis. The Company's core values are safety, quality, and production.Certain statements contained in the release including, without limitation, the words "believes," "anticipates," "intends," "expects" or words of similar import, constitute "forward-looking statements" within the meaning of section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements of the Company expressed or implied by such forward-looking statements. Such factors include, among others, general economic and business conditions, changes in business strategy or development plans, the integration of acquired business and other factors referenced in this release, risks and uncertainties related to the restatement of certain of our historical consolidated financial statements. Given these uncertainties, prospective investors are cautioned not to place undue reliance on such forward-looking statements. The Company disclaims any obligation to update any such factors or to publicly announce the results of any revisions to any of the forward-looking statements contained herein to reflect future events or developments. 



View original content to download multimedia:https://www.prnewswire.com/news-releases/energy-services-of-america-reports-first-quarter-fiscal-2026-results-302682744.htmlSOURCE Energy Services of America Corporation

Original: Energy Services of America Reports First Quarter Fiscal 2026 Results

Impressive 1 year chart.
Looking forward to the next qtr.

not looking good atm

no shares to short,zero borrow> https://www.shortablestocks.com/

gap up tomorrow?news is spreading

You certainly have the right moniker for investing in oil/n.g. companies.

Best o' luck with ESOA!!

Nice bounce up from 3.50 > going much higher as WTI futures sky rocket!

$ESOA: Now up to 4.55..... should be $10/sh


People still don't realize how much revenue they are generating from all their subsidiaries and
how low the float is on this one.


They will






GO $ESOA

May buy a few shares.

ESOA

$ESOA: Bull Flag Breakout SETUP coming here


Currently at $3 !!!






GO $ESOA

$ESOA: Should be at $10/sh











GO $ESOA

$ESOA: Generating $122Milly in Revenue last FY !!!!!!!!!!!


Soooooooooooooooooooo Cheap here.



Now at 3.25


https://marketwirenews.com/news-releases/energy-services-of-america-files-annual-report-5374843244486552.html?t=719778



Great UPLUST day



GO $ESOA

ESOA moved to the Nasdaq from the OTC:

https://otce.finra.org/otce/dailyList?viewType=Deletions

ESOA is doing much better now, maybe go to $2?

It should recover, think one time blip, had many good Qs before the last one.

President put out a shareholder letter.



August 24, 2017



Dear Fellow Shareholder,


The third quarter of fiscal year 2017 was the most challenging quarter in my four years as CEO of our company. For the quarter, we lost $1.9 million on revenue of $35.7 million. This poor result was driven by $5.8 million in losses on two related jobs. The setbacks on these projects was driven by several main factors: due to the intense level of pipeline construction, we failed to procure and retain the skilled labor force required to meet our production expectations. Larger projects, particularly those being built on a cost-plus basis, have paid above market wages and incentives to lure away qualified employees. Due to this pressure and a provision in our collective bargaining agreement, we had to compensate our crews for one extra hour each day due to inadequate lodging availability. To make matters worse, the qualified labor pool was limited in these markets resulting in more training expense and lower productivity. Finally, environmental factors far in excess of budget amounts drove bad projects into deep losses: first, a state road construction project in rural Ohio made a few miles take over an hour to move equipment and our construction crews on a daily basis. Second and most detrimental, we have had over 30 inches of rain on the project so far, the computer models based on the previous summers of rainfall only called for 11 inches. Rain not only cost the company non-productive wages paid according to labor agreements, but it also causes clean up and production issues when work can begin again.

For the quarter, CJ Hughes had a gross loss of $2.6 million from projects, so clearly many other projects and divisions performed well to offset nearly $3.2 million in losses from the troubled projects. In response to recent problems, we have added talent to our estimating team and have added an independent bid calculation to our transmission bids. We also plan to analyze what size and type of projects make the most sense to take on with the current market conditions.

Our Nitro Electric division had revenues of $11.6 million and gross profit of $1.2 million for the quarter. While this is down from revenues of $14.0 million and gross profit of $1.3 million for the quarter ended June 30, 2016, the company improved its gross margin percent to 9.90% from 9.50%. Consequently, we have generated $1.3 million in pre-tax income for the nine months ended June 30, 2017; the best for Nitro Electric as part of Energy Services of America.

Experience is what you get when you don’t get what you want. Even factoring in the quarter loss, we have over $20.6 million in equity, sufficient cash flow to meet all our obligations, and can still potentially end fiscal year 2017 in a better position than we started. While our backlog of $68.0 million at June 30, 2017 is down from $77.0 million at June 30, 2016, it is a significant increase over the $48.8 million backlog we had had at June 30, 2015. We appreciate your continued support and look forward to finishing a strong fourth quarter on September 30, 2017.

Yours Truly,



Doug Reynolds, President ESA

Its cheap I did buy more about $1

Looks like 150K purchased by the president and officer of preferred stock.

https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12243720

https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12243722

So 10Q must be bad.

Energy Services of America's Facebook page

www.facebook.com/energyservicesofamerica

Welcome back. I may hold this one for years, have dug pretty deep into it, all sorts of goodies for it.

Cheers

Not much not to like about ESOA. Should be a nice winner in 2017 IMO.

I joined you (again) this morning @ 1.70, O'Brien. Just in the nick of time it looks like.

OBrien, I am patient on this one, so many things are right about it.

Surprised ESOA hasn't got more attention. I've been buying this since around 1.30 but added heavily in the 1.60s.

Divy coming up soon and I suspect they will give it a boost from last years .05

ESOA doubles Income this Q,Chairmans Letter

https://www.proxydocs.com/0/001/103/793/energy_services_of_america_corporation_shareholder_letter.pdf

Wow!

Good timing. With great Q results this will have legs.

I have been on this one since 12/12/16

1.80 Close, new 3 year closing high

Thanks Rado, not familiar with Savvy till now, looks like smart board, people that understand financials.

It looks like a cup and handle breakout to me too.

More comments on the Savvy board. I picked some up today. Doesn't look like the market has digested how good the quarter is yet.

So I am the only one here?

New 10 month high, up 9% today.

I just started reading the Q, wow all looks good in it so far

ESOA 3% divvy,sellingAT BOOK,DoublesEarnings,InRightSpot

Everything is right about ESOA, pipelines in growing areas +gov infrastructure

ESOA earnings out A DOUBLE!!!

Will not format here, read the Q, market loves it!

Energy Services of America Corporation
Consolidated Statements of Income
Unaudited

Three Months Ended Three Months Ended
December 31, December 31,
2016 2015

Revenue $ 37,496,872 $ 34,374,091

Cost of revenues 32,812,085 30,734,450

Gross profit 4,684,787 3,639,641

Selling and administrative expenses 2,195,610 2,184,626
Income from operations 2,489,177 1,455,015

Other income (expense)
Other nonoperating expense (71,429 ) (11,310 )
Interest expense (230,969 ) (233,418 )
Gain on sale of equipment 26,990 31,400
(275,408 ) (213,328 )

Income from continuing operations before income taxes 2,213,769 1,241,687

Income tax expense 975,112 542,831

Income from continuing operations 1,238,657 698,856

Dividends on preferred stock 77,250 77,250

Am buying the dip, just got another 1,000 at 1.55

ESOA is a rare stock where basically everything is right about it.

Even Better! 1.69 Breakout working perfect and this is just the 2nd day of it.

Cheers

Breakout continues now 1.65

ESOA is being discovered, it has the numbers to support a 5 bagger.

Cheers

Huge Volume on ESOV,highest in5 years, yesterdays volume of over 162,000 is by far the highest volume in over 5 years for ESOV, a very positive sign, one more reason to be happy about double dipping today by adding.

Got to DoubleDip on ESOV today,AfterAlphaReport

After seeing the author of that report confirm all the wonderful things I have been noticing about ESOV anding it go to 1.61 up 7% or so, it dropped? to 1.51. Decided did not have enough of it, so pounced on it and bot 40% more than had already at 1.51, then it closed at 1.59.

Glad doubled dipped.

Seeking Alpha Article on ESOV, TEXT

Energy Services Of America - Energy And Infrastructure Upside At A Firesale Price http://seekingalpha.com/article/4035438-energy-services-america-energy-infrastructure-upside-firesale-price

Jan. 10, 2017 2:06 AM ET|1 comment | About: Energy Services of America Corp. (ESOA)
Forrest Wilson Forrest WilsonFollow(92 followers)

Trading below tangible book value with decent operational and growth trends.
Positioned for additional energy and infrastructure spending in the Mid-Atlantic region.
Undervalued due to minuscule ~$20m market cap, which makes it "uninvestable" for institutional firms.
Management has a large stake and a history of being shareholder friendly.
High potential for margin expansion, revenue growth, and increased shareholder returns.
Business Overview

Energy Services of America (OTCQB:ESOA) is a dirt cheap holding company with exposure to two different types of infrastructure. Based in Huntington, West Virginia ESOA operates two service companies, CJ Hughes for pipeline construction and maintenance and another, Nitro Electric, which handles electrical and mechanical services. Revenue split is about 50/50.

From the 10-K issued in December:

Wholly owned subsidiary C.J. Hughes is a general contractor primarily engaged in pipeline construction for utility companies. C.J. Hughes operates primarily in the mid-Atlantic region of the United States. Nitro Electric, Inc. ("Nitro Electric"), a wholly owned subsidiary of C. J. Hughes, is an electrical and mechanical contractor that provides its services to the power, chemical and automotive industries. Nitro Electric operates primarily in the mid-Atlantic region of the United States.

CJ Hughes builds and maintains but does not own intrastate pipelines and sewer systems in the vicinity of the Marcellus Shale. So we're looking at a relatively asset-light, regionally focused subsidiary, which services some pretty big corporate energy, chemical, and utility names, as well as some (probably more predictable) municipal and state customers.

Energy Services' customers include many of the leading companies in the industries it serves, including:

EQT Corporation (NYSE:EQT)

Columbia Gas Distribution

Marathon Petroleum (NYSE:MPC)

American Electric Power (NYSE:AEP)

Toyota Motor (NYSE:TM)

Bayer Chemical (OTCPK:BAYZF)

Dow Chemical (NYSE:DOW)

Kentucky American Water

Various state, county and municipal public service districts.

Nitro Electric primarily services utility companies and municipalities.

ESOA overpaid for a pipeline company which it has since sold at a loss. In December of 2012, the company emerged from a forbearance agreement, and the company has executed nicely since then, with very high asset turnover >200%, growing EBITDA margins, and annual ROIs >20%.

Valuation

Price to tangible book value: 0.87

EV/EBITDA: 4x

Price to FCF: 7x

TTM dividend yield: 3.6%

The dividend is new as of this year, and is higher than all of the profitable energy service comps I could find. These metrics all indicate an undervalued stock relative to the oil services industry as a whole.

Energy Industry Outlook

I am not an expert on oil or natural gas fields, which is why I prefer to buy an energy services company with significant utility and municipal exposure rather than a pure-play owner of well or pipeline assets. From the research I have done, it seems that while energy prices will likely be lower than the past decade, we may be near the bottom of the industry trough. Marcellus/Utica specifically is established and has cheaper cost of production than other shale fields.

Over the past several years, companies operating within the U.S. energy sector, and in shale particularly, have continuously lowered operating costs. OPEC's recent agreement could further bolster the industry.

Management

ESOA is headed by Douglas Reynolds, the representative of District 17 in the West Virginia House of Delegates, and son of local Huntington business magnate Marshall T. Reynolds.

Since taking the helm at ESOA in December of 2012, Douglas Reynolds has increased tangible book value per share of the company from $0.43 to $1.43/share, a more than 3x increase. ESOA's share price has grown by 150% over the past 4 years, vs. the S&P 500 at 50% and the Russell 2000 at 64%. The CEO has also been modestly buying the stock, and issued this letter to shareholders explaining why he felt shares were presently undervalued.

I am extremely pleased with the improvements that have been made over the last four years with one exception: the under-valued price of our stock. In December of 2012, our stock value fluctuated wildly between $0.50 and $1.00 per share, and rightfully so, as we were under a forbearance agreement and were restructuring our balance sheet. On December 28, 2016, our last trade was at $1.38. This value represents less than the tangible book value per share of $1.58 at September 30, 2016. Our price to earnings ratio is 6.57 at December 28, 2016, and our backlog was $78.5 million at September 30, 2016 compared to $71.3 million at September 30, 2015. Members of the Board and management have been consistent insider buyers of the stock and hope that you will continue supporting us in what is poised to be a great fiscal year 2017."

His father Marshall Reynolds also happens to be the chairman of ESOA and CEO of Champion Industries, a printing company which has not had a great couple of years, but keeps the lights on. Mr. Reynolds also sits on the boards of several banks financing the debt portion of ESOA's capital.

Neither Douglas nor Marshall Reynolds appears to have significant experience in the energy services business. What they do both have is a significant personal stake. Insiders own >30% of the shares and Douglas Reynolds takes a modest salary around $100k/year. I would expect that both Doug and Marshall bring valuable Rolodexes to the business as well, both from local government and business connections. Additionally, they appear to be smart enough to leave the general management of both companies to experienced industry veterans.

Biggest Risks

Customer concentration risk varies by year and project with such a small company, but Marathon Petroleum and EQT Corporation represented >10% of revenue for ESOA in 2016.

The two customers, Marathon Petroleum and EQT, represented 18.2% and 17.6% of revenues and 40.6% and 11.3% of receivables net of retention, respectively. The Company had two customers that exceeded 10.0% of revenues for the year ended September 30, 2015. These two customers, Marathon Petroleum and Rice Energy, represented 14.6% and 22.8% of revenues and 14.5% and 32.6% of receivables net of retention, respectively."

In a sector as wild as energy, accounts receivable write-offs are one way to look for issues with customer payments. Rising write-offs indicate that customers cannot afford to pay their bills. A/R write-offs have been negligible for the past two years. The company wrote off ~$11k in A/R in 2015, which increased slightly to $14k in 2016, on roughly $100m in revenue.

Days sales receivables is a metric which gauges credit risk from customers as well as project completion, with a lower number of days being better. Days sales receivables in the energy services industry ranges between 65-90 days for the largest energy services companies. We should expect a company this small to have higher DSR. Days sales receivables have declined slightly from 112 to 106 days for 2016 and are on track to decline further in 2017 due to sizable project completions in 1Q17.

The biggest A/R customer currently, Marathon, is highly levered, but does not appear to be in danger of bankruptcy in the near future. MRO bonds are trading at or around $100+, signaling that creditors are not worried about Marathon's ability to pay its bills. I could not find much on MRO's breakeven cost in the areas which ESOA services, but according to this, EQT is one of the lowest cost natural gas producers in the Marcellus field. EQT actually seems well positioned to roll up other operators, which could be a good thing for ESOA's backlog. Marathon's outlook seems a bit murkier, but neither EQT nor MRO shows signs of serious financial distress.

All employees of CJ Hughes are union members, which means some collective bargaining risk is baked-in. In total, ESOA employs 920 people. I would expect some pressure on SG&A in the form of wages.

The company's debt schedule shows $9.1m coming due in 2017, which could result in lower FCF compared to 2016. I expect some of the additional debt repayment to be offset by about $1m less in CAPEX; the company purchased a building which Nitro Electric had been leasing in early 2016. The 10-K also mentions that management expects to renew the current line of credit. Given the strong local banking ties and solid balance sheet, I would expect some revolver debt to be rolled over to 2018.

Outlook for 2017 and Beyond

Energy Services of America is well positioned to benefit from any increase in energy or infrastructure investments in the Mid-Atlantic region. The company reported a backlog of $78.5m as of the end of September vs. $71.3m in September of 2015. First quarter is typically when you can get a good idea of the expected annual revenue, but 10% higher y/y backlog sounds encouraging.

Year over year, the company grew revenue by 25.8% in 2015, and 32.5% in 2016, while at the same time improving operating margins and asset turnover. These improvements occurred in spite of a tough 2-year stretch for energy service companies due to the global collapse in oil prices. The company is trading slightly below net tangible book value, and looks cheap relative to cash flow and EBITDA, which are both under 5x. The company also maintains a modest debt/leverage ratio of 2x. I'm not betting on lower tax rates, but ESOA also pays a current effective tax rate >40%. Tax reform would be yuuuuge for this company.

While the company is not the sort to provide detailed guidance, I found the recent 10k management commentary to be interesting:

We were awarded several major projects in fiscal year 2016 that will be completed in the first quarter of fiscal year 2017. We will need to replace those projects in fiscal year 2017, but we feel the opportunities we are already seeing and our strong relationships with our customers will allow us to do so."

The atypical shareholders letter issued on January 4th, and recent insider purchases seem to indicate that management is confident that recent growth and operational trends will continue.

Conclusion

I like nano and micro-cap stocks lately for several reasons.

They tend to be much harder for big investors to put meaningful cash into without significantly moving the share price.
They generally don't have the same tax expertise as Apple (NASDAQ:AAPL) or GE (NYSE:GE), so they stand to benefit inordinately from lower tax rates.
They are often under-followed and consequently mispriced.
Due to an incredibly small market capitalization, ESOA is a difficult company for institutional investors to buy at any scale. The company has shown impressive operation improvements and has strong growth prospects. I believe ESOA is undervalued relative to the business prospects and to peers. The business fundamentals warrant another 2-3x turns in EV/EBITDA, which would put the stock price above $2/share in the short term. A nano-cap penny stock like this should continue to maintain a valuation discount relative to larger names, but I expect management to continue to return capital to shareholders or to achieve an eventual sale of the company. To me, this stock seems like a good long-term buy-and-hold prospect.

Editor's Note: This article covers one or more stocks trading at less than $1 per share and/or with less than a $100 million market cap. Please be aware of the risks associated with these stocks.

ESOA just broke out of 6 Month Cup and handle, pivot was 1.60, 1.61 now

ESOA just broke out of CEO letterTEXT

It went over $1.55 for a while today, 1.46 now up 6%


Dear Fellow Shareholder:



For the fiscal year ended September 30, 2016, our company improved on what was previously a record year for each of our subsidiary companies, C.J. Hughes Construction and Nitro Electric Company. To begin, we grew our revenue by $38.7 million to $155.5 million in fiscal year 2016 from $116.8 million in fiscal year 2015. The company performed well on our normal operations along with adding several major projects in fiscal year 2016. This enabled us to earn $6.1 million income before tax in fiscal year 2016 compared to $3.7 million in fiscal year 2015. While recording $2.9 million in tax expense, we exhausted the remaining portion of our federal net operating loss carry forwards during fiscal year 2016. The result was a $2.9 million net income available to common shareholders in fiscal year 2016 compared to $1.8 million in fiscal year 2015. We also earned an adjusted EBITDA of $9.4 million in fiscal year 2016 compared to $7.6 million in fiscal year 2015. Equally important, we paid our company’s first dividend, $0.05 per common share, in June 2016.



Since I became President of Energy Services of America in early December 2012, we have made incredible strides. I have enclosed a balance sheet and income statement from that year for comparison to fiscal year 2016. To start with, we generated almost the same revenue with two companies in fiscal year 2016 compared to three companies in fiscal year 2012. We obviously achieved much better gross profit, but we also only had SG&A expenses of $7.3 million in fiscal year 2016 compared to $12.1 million in fiscal year 2012.



While I have written about purchasing office and fabrication facilities for Nitro Electric and increasing our lines of credit for operating capital and equipment purchases, we nevertheless have reduced our liabilities from $53.3 million at September 30, 2012 to $33.9 million at September 30, 2016. That has resulted in interest savings of over $1.0 million, while at the same time, reducing our vendor financed payables by $4.9 million. Finally, our total stockholders’ equity has increased from $6.4 million at September 30, 2012 to $22.5 million at September 30, 2016.



I am extremely pleased with the improvements that have been made over the last four years with one exception: the under-valued price of our stock. In December of 2012, our stock value fluctuated wildly between $0.50 and $1.00 per share, and rightfully so, as we were under a forbearance agreement and were restructuring our balance sheet. On December 28, 2016, our last trade was at $1.38. This value represents less than the tangible book value per share of $1.58 at September 30, 2016. Our price to earnings ratio is 6.57 at December 28, 2016, and our backlog was $78.5 million at September 30, 2016 compared to $71.3 million at September 30, 2015. Members of the Board and management have been consistent insider buyers of the stock and hope that you will continue supporting us in what is poised to be a great fiscal year 2017.



Sincerely,







Douglas V. Reynolds, President

Energy Services of America









ENERGY SERVICES OF AMERICA CORPORATION

CONSOLIDATED BALANCE SHEETS

As of September 30, 2016 and 2012



2016 2012

Assets
Current assets
Cash and cash equivalents $ 3,815,790 $ 2,661,721
Accounts receivable-trade 24,059,432 18,485,166
Allowance for doubtful accounts (133,500 ) (240,071 )
Retainages receivable 5,810,474 2,477,903
Other receivables 106,837 340,876
Costs and estimated earnings in excess of billings on uncompleted contracts 5,953,818 11,260,254
Deferred tax asset 1,399,152 3,690,409
Prepaid expenses and other 2,485,101 2,026,514
Assets of discontinued operations 12,303 -
Total current assets 43,509,407 40,702,772

Property, plant and equipment, at cost 39,375,505 42,440,135
less accumulated depreciation (26,625,827 ) (23,387,158 )
Total fixed assets 12,749,678 19,052,977

Long-term notes receivable 137,281 -

Total assets $ 56,396,366 $ 59,755,749

Liabilities and shareholders' equity
Current liabilities
Current maturities of long-term debt $ 2,867,898 $ 10,118,907
Lines of credit and short term borrowings 6,232,943 18,516,276
Accounts payable 5,006,427 9,917,085
Accrued expenses and other current liabilities 5,933,571 3,518,481
Billings in excess of costs and estimated earnings on uncompleted contracts 3,410,548 1,368,559
Income tax payable 1,076,440 -
Liabilities of discontinued operations 28,671 -
Total current liabilities 24,556,498 43,439,308

Long-term debt, less current maturities 7,390,099 1,623,771
Long-term debt, payable to shareholder - 1,223,325
Deferred income taxes payable 1,926,077 7,027,980
Total liabilities 33,872,674 53,314,384

Shareholders' equity

Preferred stock, $.0001 par value
Authorized 1,000,000 shares, 206 issued at September 30, 2016 and 0 at September 30, 2012 - -

Common stock, $.0001 par value
Authorized 50,000,000 shares 14,839,836 issued and 14,239,836 outstanding at September 30, 2016 and 14,458,836 issused and outstanding at September 30, 2012 1,484 1,446

Treasury stock, 600,000 shares at September 30, 2016 and 0 shares at September 30, 2012 (60 ) -

Additional paid in capital 61,289,260 56,107,650
Retained earnings (deficit) (38,766,992 ) (49,667,731 )

Total shareholders' equity 22,523,692 6,441,365

Total liabilities and shareholders' equity $ 56,396,366 $ 59,755,749









ENERGY SERVICES OF AMERICA CORPORATION

CONSOLIDATED STATEMENTS OF INCOME

For the years ended September 30, 2016 and 2012



2016 2012

Revenue $ 155,481,145 $ 157,738,736

Cost of revenues 141,283,142 156,056,529

Gross profit 14,198,003 1,682,207

Selling and administrative expenses 7,293,323 12,083,793
Asset impairment - 36,914,021
Income (loss) from operations 6,904,680 (47,315,607 )

Other income (expense)
Interest income - 3,034
Other nonoperating income (expense) (158,246 ) 140,115
Interest expense (875,254 ) (1,931,897 )
Gain on sale of equipment 268,448 45,930
(765,052 ) (1,742,818 )

Income (loss) from continuing operations before income taxes 6,139,628 (49,058,425 )

Income tax expense (benefit) 2,898,205 (536,248 )

Income (loss) from continuing operations 3,241,423 (48,522,177 )

Dividends on preferred stock 309,000 -

Income (loss) from continuing operations available to common shareholders 2,932,423 (48,522,177 )

Income from discontinued operations - -

Net income (loss) available to common shareholders $ 2,932,423 $ (48,522,177 )

Weighted average shares outstanding-basic 14,239,836 14,448,336

Weighted average shares-diluted 17,673,169 14,448,336

Earnings (loss) per share available to common shareholders $ 0.21 $ (3.36 )

Earnings (loss) per share-diluted available to common shareholders $ 0.17 $ (3.36 )









Please see the table below for a reconciliation of adjusted EBITDA for years ending September 30, 2016 and 2015:



2016 2015
(Audited) (Audited)

Net income available to common shareholders $ 2,932,423 $ 1,831,530

Add: Income tax expense 2,898,205 1,570,992

Add: Dividends on preferred stock 309,000 309,000

Add: Interest expense 875,254 761,079

Less: Non-operating (income) expense (110,202 ) (192,730 )

Add: Depreciation expense 2,503,471 3,291,386

Adjusted EBITDA $ 9,408,151 $ 7,571,257
Common shares outstanding 14,239,836 14,239,836
Adjusted EBITDA per common share $ 0.66 $ 0.53



Please see the table below for a reconciliation of tangible book value per share at September 30, 2016:



September 30, 2016

Total assets $ 56,396,366
Less: total liabilities 33,872,674
Less: intangible asset value -
Less: goodwill -
Tangilbe book value 22,523,692
Common shares outstanding 14,239,836
Tangilbe book value per share $ 1.58



Please see the table below for a reconciliation of the price to earnings ratio at December 28, 2016:



Closing share price at December 28, 2016 $ 1.38
Fiscal year 2016 earnings per share 0.21
Price to earnings ratio at December 28, 2016 6.57

ESOV-Bot more in IRAs,Gem For IRAS

Income StatementAll numbers in thousands
Revenue ........9/30/2016 6/30/2016 3/31/2016 12/31/2015
Total Revenue 49,731.058 43,370.975 28,005.021 34,374.091
Cost of Revenue 44,846.96 39,391.42 26,310.312 30,734.45
Gross Profit 4,884.098 3,979.555 1,694.709 3,639.641

Revenue up $15 million in last 4 Qs and ESOV sells for only .12 Price/Sales in prior year.

With $19 million market cap and current $200,000,000 Sales run rate, its now about 0.09 Price Sales, wow!

And .10 Dividend yielding 7.3% per year, another wow. Put more of it in my IRAs.

ESOV Just about everything is right,especially4anIRA

I recent find. ESOV is about 3 EV/EBITDA 8 P/E and has a 7% divvy and is growing. They do natgas pipeline in eastern USA

Valuation Measures
Market Cap (intraday)5: 19.22M
Enterprise Value (Dec 23, 2016)3: 31.90M
Trailing P/E (ttm, intraday): 8.13
Forward P/E (fye Sep 30, 2018)1: N/A
PEG Ratio (5 yr expected)1: N/A
Price/Sales (ttm): 0.12
Price/Book (mrq): 0.85
Enterprise Value/Revenue (ttm)3: 0.21
Enterprise Value/EBITDA (ttm)6: 3.39

Energy Services of America Corporation provides contracting services for energy related companies in the United States. It constructs, replaces, and repairs interstate and intrastate natural gas pipelines and storage facilities for utility companies and private natural gas companies; and provides services relating to pipeline, storage facilities, and plant work for the oil industry. The company also offers a range of electrical and mechanical installation, and repair services, including substation and switchyard, site preparation, equipment setting, pipe fabrication and installation, packaged buildings, transformers, and other ancillary works for the power, chemical, and automotive industries. In addition, it provides liquid pipeline and pump station construction, production facility construction, water and sewer pipeline installations, various maintenance and repair services, and other services related to pipeline construction. The company serves customers primarily in West Virginia, Virginia, Ohio, Pennsylvania, and Kentucky. Energy Services of America Corporation was founded in 2006 and is based in Huntington, West Virginia.

The 2 top guys only take $100k ish salaries.

The last 4Qs has great rev growth https://ca.finance.yahoo.com/q/is?s=ESOA and also the last 3 years too.

Looks great opened new position in it. IRAs do not have to worry about paying taxes on the big Divvy.

1.29 x 1.34