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Energy Services of America Corporation operates as a contractor and service company for the natural gas, petroleum, water distribution, automotive, chemical, and power industries in the United States. The company constructs, replaces, and repairs interstate and intrastate natural gas pipelines and storage facilities for utility companies and private natural gas companies; and provides services relating to pipeline, storage facilities, and plant works. It also offers electrical and mechanical installation, and repair services, including substation and switchyard, site preparation, equipment setting, pipe fabrication and installation, packaged buildings, transformers, and other ancillary works. In addition, the company provides corrosion protection, horizontal drilling, liquid pipeline and pump station construction, production facility construction, water and sewer pipeline installation, and various maintenance and repair services, as well as other services related to pipeline construction. Further, it installs broadband and solar electric systems; and performs civil and general contracting services. The company serves customers primarily in West Virginia, Virginia, Ohio, Pennsylvania, and Kentucky. Energy Services of America Corporation was incorporated in 2006 and is based in Huntington, West Virginia.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $411M | $17M | $0M | $-2M | 0.6% | 16.8% | -98.5% |
| 2024 | $352M | $45M | $25M | $10M | 42.8% | 15.7% | 239.2% |
| 2023 | $304M | $21M | $7M | $10M | 21.4% | 53.9% | 97.4% |
| 2022 | $198M | $13M | $4M | $3M | 13.3% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 197.59 | 304.10 | 351.88 | 411 |
| Cost Of Revenue | 175.22 | 267.29 | 301.92 | 372.23 |
| Gross Profit | 22.37 | 36.81 | 49.95 | 38.78 |
| Operating Expense | 15.88 | 23.78 | 30.12 | 34.56 |
| Operating Income | 6.49 | 13.04 | 19.84 | 4.22 |
| EBITDA | 13.01 | 20.59 | 44.69 | 17.10 |
| EBIT | 7 | 12.78 | 35.71 | 4.07 |
| Pretax Income | 6.01 | 10.38 | 33.52 | 0.86 |
| Tax Provision | 2.26 | 2.98 | 8.42 | 0.49 |
| Net Income | 3.75 | 7.40 | 25.11 | 0.38 |
| Net Income Common Stockholders | 3.75 | 7.40 | 25.11 | 0.38 |
| Total Expenses | 191.10 | 291.07 | 332.04 | 406.79 |
| Interest Expense | 0.99 | 2.41 | 2.19 | 3.21 |
| Interest Income | 0 | 0 | 0 | 0 |
| Selling General And Administration | 15.88 | 23.78 | 30.12 | 34.56 |
| Normalized EBITDA | 12.26 | 20.56 | 28.79 | 17.02 |
| Normalized Income | 3.28 | 7.38 | 13.20 | 0.31 |
| Basic EPS | 0.24 | 0.44 | 1.52 | 0.02 |
| Diluted EPS | 0.24 | 0.44 | 1.51 | 0.02 |
| Tax Effect Of Unusual Items | 0.28 | 0.01 | 3.99 | 0.02 |
| Tax Rate For Calcs | 0.38 | 0.29 | 0.25 | 0.21 |
| Total Unusual Items | 0.76 | 0.03 | 15.90 | 0.08 |
| Total Unusual Items Excluding Goodwill | 0.76 | 0.03 | 15.90 | 0.08 |
| Net Income From Continuing Operation Net Minority Interest | 3.75 | 7.40 | 25.11 | 0.38 |
| Reconciled Depreciation | 6.01 | 7.81 | 8.98 | 13.03 |
| Reconciled Cost Of Revenue | 175.22 | 267.29 | 301.92 | 372.23 |
| Net Interest Income | -0.99 | -2.41 | -2.19 | -3.21 |
| Net Income From Continuing And Discontinued Operation | 3.75 | 7.40 | 25.11 | 0.38 |
| Total Operating Income As Reported | 6.49 | 13.04 | 19.84 | 4.22 |
| Diluted Average Shares | 16.32 | 16.67 | 16.61 | 16.69 |
| Basic Average Shares | 16.32 | 16.65 | 16.57 | 16.64 |
| Diluted NI Availto Com Stockholders | 3.75 | 7.40 | 25.11 | 0.38 |
| Preferred Stock Dividends | 0 | 0 | 0 | 0 |
| Net Income Including Noncontrolling Interests | 3.75 | 7.40 | 25.11 | 0.38 |
| Net Income Continuous Operations | 3.75 | 7.40 | 25.11 | 0.38 |
| Other Income Expense | 0.51 | -0.25 | 15.87 | -0.14 |
| Other Non Operating Income Expenses | -0.25 | -0.29 | -0.02 | -0.22 |
| Special Income Charges | 0.76 | 0.03 | 15.90 | 0.08 |
| Gain On Sale Of Ppe | 0.76 | 0.03 | 0.26 | 0.08 |
| Other Special Charges | 0 | 0 | -15.63 | 0 |
| Net Non Operating Interest Income Expense | -0.99 | -2.41 | -2.19 | -3.21 |
| Interest Expense Non Operating | 0.99 | 2.41 | 2.19 | 3.21 |
| Interest Income Non Operating | 0 | 0 | 0 | 0 |
| Operating Revenue | 197.59 | 304.10 | 351.88 | 411 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Energy Services of America Corporationthis co. | ESOA | $303M | 124.92↑ premium | 4.45 | 0.6% | 14.70 |
| Wabash National Corporation | WNC | $339M | 1.64 | 0.92 | 57.4% | 2.07 |
| Omega Flex, Inc. | OFLX | $339M | 22.82 | 4.02 | 17.6% | 15.85 |
| SBC Medical Group Holdings Incorporated | SBC | $339M | 6.60 | 1.36 | 19.4% | 3.44 |
| Tredegar Corporation |
| TG |
| $327M |
| 13.67 |
| 1.48 |
| 15.5% |
| 6.25 |
| L.B. Foster Company | FSTR | $320M | 44.36 | 1.77 | 4.3% | 10.12 |
| AerSale Corporation | ASLE | $313M | 36.83 | 0.74 | 2.0% | 12.77 |
| Aspen Aerogels, Inc. | ASPN | $299M | - | 1.27 | -165.4% | -45.85 |
| CompX International Inc. | CIX | $286M | 14.68 | 2.06 | 14.1% | 8.83 |
| Peer Median | - | 14.68 | 1.42 | 14.8% | 7.54 | |