Energy Services of America CORP ESOA
Energy Services of America Corporation ("Energy Services" or the "Company"), formed in 2006, 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. For the gas industry, the Company is primarily engaged in the construction, replacement and repair of natural gas pipelines and storage facilities for utility companies and private natural gas companies. Energy Services is involved in the construction of both interstate and intrastate pipelines, with an emphasis on the latter. For the oil industry, the Company provides a variety of services relating to pipeline, storage facilities and plant work. For the power, chemical, and automotive industries, the Company provides a full range of electrical and mechanical installations and repairs including substation and switchyard services, site preparation, equipment setting, pipe fabrication and installation, packaged buildings, transformers, and other ancillary work with regards thereto. Energy Services' other pipeline services include corrosion protection services, horizontal drilling services, liquid pipeline construction, 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 has also added the ability to install broadband and solar electric systems and perform civil and general contracting services.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $411.0M | $351.9M | $304.1M | $197.6M | $122.5M | $119.2M | $174.5M | $135.5M | $140.5M | $155.5M |
| Cost of revenue | $372.2M | $301.9M | $267.3M | $175.2M | $109.5M | $105.7M | $161.9M | $123.8M | $132.7M | $141.3M |
| Gross profit | $38.8M | $50.0M | $36.8M | $22.4M | $12.9M | $13.5M | $12.7M | $11.6M | $7.8M | $14.2M |
| SG&A | $34.6M | $30.1M | $23.8M | $15.9M | $14.0M | $9.8M | $8.9M | $7.7M | $7.4M | $7.3M |
| Operating income | $4.2M | $19.8M | $13.0M | $6.5M | -$1.1M | $3.7M | $3.8M | $3.9M | $382.1K | $6.9M |
| Interest expense | $3.2M | $2.2M | $2.4M | $987.7K | $703.0K | $486.2K | $1.1M | $916.7K | $833.4K | $875.3K |
| Pre-tax income | $864.9K | $33.5M | $10.4M | $6.0M | -$916.6K | $3.6M | $3.0M | $3.4M | -$468.1K | $6.1M |
| Income tax | $485.2K | $8.4M | $3.0M | $2.3M | $29.1K | $1.1M | $968.6K | $910.0K | $80.4K | $2.9M |
| Net income | — | — | — | — | — | — | — | $2.5M | -$387.8K | $3.2M |
| EPS, basic | 0.02 | 1.52 | 0.44 | 0.23 | -0.09 | 0.15 | 0.12 | 0.15 | -0.05 | 0.21 |
| EPS, diluted | 0.02 | 1.51 | 0.44 | 0.23 | -0.07 | 0.12 | 0.10 | 0.12 | -0.05 | 0.17 |
| Shares, diluted (wtd. avg.) | $16.7M | $16.6M | $16.7M | $16.3M | $17.0M | $17.2M | $17.5M | $17.7M | $14.2M | $17.7M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $12.2M | $12.9M | $16.4M | $7.4M | $8.2M | $11.2M | $4.6M | $1.1M | $1.7M | $3.8M |
| Receivables | $76.0M | $56.1M | $51.2M | $38.5M | $21.0M | $18.2M | $21.6M | $22.1M | $23.1M | $24.1M |
| Total current assets | $144.9M | $110.4M | $95.2M | $70.4M | $43.0M | $41.8M | $39.1M | $37.9M | $38.0M | $42.1M |
| Property, plant and equipment | $53.5M | $38.1M | $36.5M | $32.7M | $23.0M | $16.4M | $16.8M | $16.8M | $19.2M | $12.7M |
| Goodwill | $9.9M | $4.1M | $4.1M | $4.1M | $1.8M | — | — | — | — | — |
| Other intangibles | $4.9M | $3.1M | $3.4M | $3.9M | $2.4M | — | — | — | — | — |
| Total assets | $215.2M | $158.2M | $142.5M | $112.6M | $70.2M | $58.2M | $55.9M | $54.7M | $57.3M | $56.4M |
| Accounts payable | $30.7M | $23.7M | $22.0M | $20.3M | $7.3M | $5.2M | $2.9M | $6.2M | $5.5M | $5.0M |
| Short-term debt | $11.5M | $6.4M | $6.1M | $4.1M | $3.4M | $4.0M | $4.4M | $3.2M | $4.6M | $2.9M |
| Total current liabilities | $98.0M | $74.2M | $79.9M | $65.4M | $34.5M | $18.9M | $18.3M | $23.6M | $26.0M | $24.6M |
| Long-term debt | $50.3M | $17.2M | $18.9M | $13.5M | $9.0M | $11.2M | $11.0M | $6.5M | $9.7M | $7.4M |
| Total liabilities | $156.0M | $99.6M | $107.9M | $84.4M | $45.5M | $32.3M | $31.3M | $31.4M | $36.2M | $33.9M |
| Retained earnings | -$3.2M | -$1.6M | -$25.7M | -$32.3M | -$36.0M | -$34.8M | -$36.3M | -$38.0M | -$40.2M | -$38.8M |
| Total equity | $54.4M | $52.0M | $34.6M | $28.2M | $24.7M | $25.8M | $24.7M | $23.3M | $21.1M | $22.5M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $4.1M | $18.7M | $21.1M | $8.3M | $798.9K | $15.0M | $4.3M | $9.1M | $1.2M | $6.8M |
| Depreciation and amortisation | $12.0M | $8.5M | $7.3M | $5.6M | $4.7M | $4.4M | $4.2M | $4.2M | $3.2M | $2.5M |
| Capital expenditure | $6.4M | $8.8M | $10.8M | $5.3M | $6.0M | $3.5M | $3.4M | $1.9M | $2.8M | $3.4M |
| Investing cash flow | -$29.4M | -$8.0M | -$10.2M | -$8.3M | -$8.7M | -$2.8M | -$2.7M | -$1.3M | -$2.5M | -$3.0M |
| Financing cash flow | $24.6M | -$14.2M | -$1.9M | -$805.4K | $4.9M | -$5.6M | $1.9M | -$8.3M | -$817.2K | -$1.5M |
| Dividends paid | $1.5M | $994.0K | $833.4K | $0 | $0 | $696.1K | — | — | $696.1K | $695.4K |
| Buybacks | $844.2K | $41.4K | $219.6K | $0 | $0 | $268.2K | $300.6K | $49.8K | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-25-121185.
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