Civeo (CVEO) Quarterly and Annual Segment Results by Country and Region - CSIMarket
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Civeo Corp  (NYSE: CVEO)

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Description of Civeo's Business Segments


Civeo Corporation is a leading provider of hospitality and workforce accommodation services, particularly tailored for the natural resource sectors in Canada, Australia, and the U.S. The company offers a range of products and services designed to meet the unique operational needs of industries such as oil and gas, mining, and infrastructure development. Below is an extensive description of the segments, products, and services it offers in the Canadian market.

Segments

1. Hospitality Services: Civeo’s primary segment is hospitality services that cater to workforce accommodations. These services are especially tailored for the natural resource sector, where demand is often driven by the commodity prices of resources such as oil and gas.

2. Customizable Accommodation Services: Civeo provides flexible and customizable services based on customer requirements. This includes everything from full accommodation management to specific service segments like only catering services.

3. Project-Specific Services: With ongoing developments such as the Kitimat LNG Facility and related CGL pipeline projects, Civeo strategically positions its services to meet the specific demands of major resource extraction projects.

4. Facility Management: Beyond merely providing accommodations, Civeo also manages hospitality services within customer-owned facilities. This includes the operation of existing lodges and camps, primarily located near resource extraction sites.

5. Mobile Assets: The company maintains mobile assets that can be deployed to various locations to provide accommodation solutions for temporarily established workforces tied to construction or operational projects in the resource sector.

Products

1. Accommodation Facilities: Civeo operates and manages a variety of accommodation facilities, which can range from small lodges to large-scale camps with capacities of approximately 100 to 1,500 rooms. These facilities are designed to provide a comfortable living environment for workers stationed far from their homes.

2. Sitka Lodge: A significant offering located in close proximity to major project sites, Sitka Lodge exemplifies Civeo’s commitment to providing high-quality accommodations. It is contracted to serve workers involved in the pipeline construction activities.

3. Catering and Food Services: Civeo provides comprehensive food services, including catering that can be customized for various dietary needs. This service can be operated independently or as part of an end-to-end hospitality solution.

4. Housekeeping and Maintenance Services: The company also offers housekeeping and maintenance services as part of its accommodation management. These services ensure that facilities remain clean, functional, and welcoming for all occupants.

5. Utility Services: Civeo’s hospitality offerings include utilities management, providing electricity, water, and other essential services to remote lodging facilities, ensuring seamless operations for workforce accommodations.

Services

1. End-to-End Hospitality Management: Civeo’s full-service solutions encompass every aspect of hospitality management, from booking and check-in processes to food service, maintenance, and community development activities for long-term projects.

2. Customized Service Offerings: The company prides itself on its ability to tailor its services according to specific client needs, which can include anything from providing food service only to complete hospitality packages encompassing all aspects of facility management.

3. Project Support Services: Specially designed to cater to ongoing construction and resource extraction projects, Civeo’s services include rapid development and operational readiness of accommodation spaces as needed.

4. Logistics and Transportation: Civeo also typically facilitates the movement of workers, ensuring efficient transport to and from job sites, which is crucial in remote areas lacking robust infrastructure.

5. Health and Safety Compliance: In line with industry standards, Civeo places a strong emphasis on health and safety protocols, ensuring that all facilities meet regulatory requirements and provide a safe environment for all personnel.

Conclusion

Civeo Corporation stands out in the Canadian market by offering a variety of tailored hospitality services that cater to the unique requirements of the oil, gas, and natural resource sectors. The flexibility of its service offerings, extensive facility management capabilities, and strategic positioning in response to commodity market demands enable Civeo to effectively support workforce accommodations for major projects across the region. The alignment of its services with the specific needs of resource extraction operations positions it as a vital player in enhancing operational efficiency and worker satisfaction in some of the most challenging environments.


Composition of Civeo Corp Revenues by Segments

 
Australia    71.25 % of total Revenue
Australia Accommodation and associated services revenues    32.32 % of total Revenue
Australia Integrated services and other services revenues    38.93 % of total Revenue
Canada    28.75 % of total Revenue
Canada Accommodation and associated services revenues    24.98 % of total Revenue
Canada Integrated services and other services revenues    3.17 % of total Revenue
Canada Mobile facility rental and associated services revenues    0.6 % of total Revenue

Q1 three months ended (Mar 31 2026)
Revenues by Business Segments Revenues
(in millions $)
%
(of total Revenues)
Australia 123.02 71.25 %
Australia Accommodation and associated services revenues 55.81 32.32 %
Australia Integrated services and other services revenues 67.21 38.93 %
Canada 49.65 28.75 %
Canada Accommodation and associated services revenues 43.13 24.98 %
Canada Integrated services and other services revenues 5.48 3.17 %
Canada Mobile facility rental and associated services revenues 1.04 0.6 %
Total 172.67 100 %




Q1 three months ended (Mar 31 2026)
Revenue Growth rates by Segment Y/Y Revenue
%
Q/Q Revenue
%
Australia 18.69 % -
Australia Accommodation and associated services revenues 19.19 % -
Australia Integrated services and other services revenues 18.28 % -
Canada 22.9 % -
Canada Accommodation and associated services revenues 29 % -
Canada Integrated services and other services revenues -18.78 % -
Canada Mobile facility rental and associated services revenues 373.97 % -
Total 19.87 % -72.97 %




Q1 three months ended (Mar 31 2026)
Income by Business Segments Income
(in millions $)
%
(Profit Margin)
Total -3.80 -




Q1 three months ended (Mar 31 2026)
Income Growth rates by Segment Y/Y Income
%
Q/Q Income
%
Total - -




Annual Report on Civeo Corp Divisions, Sales by Country

 
Australia   Australia Segment contribution to total sales 72.05 % of total Revenue
Canada   Canada Segment contribution to total sales 27.95 % of total Revenue
Accommodation and associated services revenues Australia   Accommodation and associated services revenues Australia Segment contribution to total sales 33.15 % of total Revenue
Accommodation and associated services revenues Canada   Accommodation and associated services revenues Canada Segment contribution to total sales 23.58 % of total Revenue
Mobile facility rental and associated services revenues Canada   Mobile facility rental and associated services revenues Canada Segment contribution to total sales 0.25 % of total Revenue
Integrated services and other services revenues Australia   Integrated services and other services revenues Australia Segment contribution to total sales 38.9 % of total Revenue
Integrated services and other services revenues Canada   Integrated services and other services revenues Canada Segment contribution to total sales 4.12 % of total Revenue
Canada segments   Canada segments Segment contribution to total sales 27.95 % of total Revenue
Australia segments   Australia segments Segment contribution to total sales 72.05 % of total Revenue


Twelve months ended 2025
CVEO s Annual Revenue by Geography and Business Segments Sales
(in millions $)
%
(of total Sales)
Australia 460.30 72.05 %
Canada 178.55 27.95 %
Total 638.85 100 %
Accommodation and associated services revenues Australia 211.76 33.15 %
Accommodation and associated services revenues Canada 150.65 23.58 %
Mobile facility rental and associated services revenues Canada 1.59 0.25 %
Integrated services and other services revenues Australia 248.53 38.9 %
Integrated services and other services revenues Canada 26.32 4.12 %
Canada segments 178.55 27.95 %
Australia segments 460.30 72.05 %


Twelve months ended 2025
CVEO s Annual Income by Country and Business Segments Income
(in millions $)
%
(Profit Margin)
Total -20.08 -

Twelve months ended 2025
Annual Revenue and Income Growth by Country and Business Segments % Y/Y Sales Growth % Y/Y Income Growth
Australia 7.81 % -
Canada -27.15 % -
Total -6.34 % -
Accommodation and associated services revenues Australia 7.67 % -
Accommodation and associated services revenues Canada -29.86 % -
Mobile facility rental and associated services revenues Canada 4.2 % -
Integrated services and other services revenues Australia 7.93 % -
Integrated services and other services revenues Canada -8.59 % -
Canada segments -27.15 % -
Australia segments 7.81 % -
Other - -
Accommodation and other services revenues Australia - -
Accommodation and other services revenues Canada - -
Food service and other services revenues Australia - -
Food service and other services revenues Canada - -
Mobile facility rental revenues Canada - -
Corporate other and eliminations Corporate other and eliminations - -
Other segments - -



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