Energy Services of (ESOA) Q1 2026 Earnings Report

Energy Services of America Corporation (ESOA) reported QQ1 2026 results illustrating solid top-line momentum with revenue of $114.1 million, up 32.8% year over year and 48.8% quarter over quarter. Despite double-digit growth, gross margins remained modest at 12.26%, reflecting project mix and cost dynamics common in small-to-mid cap utility/energy-contracting across the Industrials sector. EBITDA stood at $4.91 million with an operating income of $4.91 million, translating to an operating margin of approximately 4.31% and a net income of $2.71 million (EPS $0.16). Cash-generative performance was a notable positive feature: cash provided by operating activities was $18.79 million, free cash flow was $19.63 million, and cash at period-end was $16.68 million. Financing activities consumed $12.45 million, yielding a net cash increase of $4.44 million for the quarter. The combination of strong quarterly cash generation and a lean cost structure supports near-term liquidity, though the margin profile indicates continued sensitivity to project mix, input costs, and utilization. Absent a formal earnings-call transcript, management commentary and thematic guidance for FY2026 remain to be validated; however, the balance of cash generation and revenue growth positions ESOA to pursue selective project opportunities and balance sheet flexibility as infrastructure spending trends evolve.