---
title: "Stonegate Capital Partners Updates Coverage on Civeo Corporation (CVEO) 2Q26 | CVEO Stock News"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/294528212.md"
description: "Stonegate Capital Partners updated its coverage on Civeo Corporation (CVEO) following Q2 2026 results. The company reported revenue of $180M and adj EBITDA of $23.8M, beating estimates. Net loss narrowed to $2.5M, and operating cash flow turned positive at $11.6M. Stonegate highlighted that H1 2026 adj EBITDA rose 23% year-over-year, driven by normalized cash conversion and excluding prior activist cost addbacks. Growth is linked to a $1.5B pipeline in LNG and data centers, with contributions expected from 2027."
datetime: "2026-07-31T06:32:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/294528212.md)
  - [en](https://longbridge.com/en/news/294528212.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/294528212.md)
generator: "portal-rs"
---

# Stonegate Capital Partners Updates Coverage on Civeo Corporation (CVEO) 2Q26 | CVEO Stock News

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Dallas, Texas--(Newsfile Corp. - July 31, 2026) - Civeo Corporation (NYSE: CVEO): Stonegate Capital Partners Updates Coverage on Civeo Corporation (NYSE: CVEO). CVEO reported revenue and adj EBITDA of $180.0M and $23.8M, versus our estimates of $173.1M and $21.3M and consensus revenue of $172.2M. Net loss improved to $2.5M from $3.3M, operating cash flow of $11.6M versus $(2.3) M confirmed the 1Q outflow was seasonal, and capex of $3.7M remained maintenance related. The y/y decline in Adj. EBITDA from $25.0M reflects a $3.2M activist cost addback in the prior period and timing items, with unadjusted EBITDA up y/y and 1H26 Adj. EBITDA up 23% to $46.3M. 

To view the full announcement, including downloadable images, bios, and more, click here. 

**Key Takeaways:** 

-   The 2Q beat was higher quality than the headline y/y EBITDA decline suggests, with 1H26 Adj. EBITDA up 23% and cash conversion normalizing.
-   North American growth is increasingly tied to the ~$1.5B LNG, infrastructure and data center pipeline, with meaningful contributions more likely beginning in 2027.
-   The convertible issuance strengthens funding flexibility while remaining anti-dilutive below ~$53, preserving capacity for both camp deployment and selective repurchases.

*Click image above to view full announcement.* 

* * *

**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. 

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/307445

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**