Dallas, Texas--(Newsfile Corp. - February 28, 2025) - Civeo Corporation (NYSE: CVEO): Stonegate Capital Partners updates their coverage on Civeo Corporation. Despite challenges in the Canadian Segment, CVEO remains a strong free cash flow generator, reporting $68.4M in FCF for FY24. The Company announced its FCF guidance between $30M to $40M for 2025. Despite this, we believe that with disciplined capital allocation, a robust balance sheet, and continued expansion in Australia, Civeo is well-positioned to drive long-term value for shareholders, with an expected increase in FCF during the out years.

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Key Takeaways:

• Awarded a six-year, A$1.4B integrated services contract renewal at eleven villages.
• Executed a strategic acquisition in the Bowen Basin, purchasing four villages, valued at ~$67M.
• Announced 2025 guidance with revenue projected to range from $630M to $660M and adj. EBITDA between $80M and $90M.

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About Stonegate

Stonegate Capital Partners is a leading capital markets advisory firm providing investor relations, equity research, and institutional investor outreach services for public companies. Our affiliate, Stonegate Capital Markets (member FINRA) provides a full spectrum of investment banking, equity research and capital raising for public and private companies.

Source: Stonegate, Inc.

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