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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 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 197.59 | 304.10 | 351.88 | 411 |
| Operating 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 |
| Selling General And Administration | - | 15.88 | 23.78 | 30.12 | 34.56 |
| Total Expenses | - | 191.10 | 291.07 | 332.04 | 406.79 |
| Operating Income | - | 6.49 | 13.04 | 19.84 | 4.22 |
| Total Operating Income As Reported | - | 6.49 | 13.04 | 19.84 | 4.22 |
| EBITDA | - | 13.01 | 20.59 | 44.69 | 17.10 |
| Normalized EBITDA | - | 12.26 | 20.56 | 28.79 | 17.02 |
| EBIT | - | 7 | 12.78 | 35.71 | 4.07 |
| Interest Income | 0.29 | 0 | 0 | 0 | - |
| Interest Expense | - | 0.99 | 2.41 | 2.19 | 3.21 |
| Net Interest Income | - | -0.99 | -2.41 | -2.19 | -3.21 |
| Other Non Operating Income Expenses | - | -0.25 | -0.29 | -0.02 | -0.22 |
| Other Income Expense | - | 0.51 | -0.25 | 15.87 | -0.14 |
| Interest Income Non Operating | 0.29 | 0 | 0 | 0 | - |
| Interest Expense Non Operating | - | 0.99 | 2.41 | 2.19 | 3.21 |
| Net Non Operating Interest Income Expense | - | -0.99 | -2.41 | -2.19 | -3.21 |
| Pretax Income | - | 6.01 | 10.38 | 33.52 | 0.86 |
| Tax Provision | - | 2.26 | 2.98 | 8.42 | 0.49 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0.28 | 0.01 | 3.99 | 0.02 |
| Net Income Continuous Operations | - | 3.75 | 7.40 | 25.11 | 0.38 |
| Net Income From Continuing And Discontinued Operation | - | 3.75 | 7.40 | 25.11 | 0.38 |
| Net Income From Continuing Operation Net Minority Interest | - | 3.75 | 7.40 | 25.11 | 0.38 |
| Net Income | - | 3.75 | 7.40 | 25.11 | 0.38 |
| Net Income Common Stockholders | - | 3.75 | 7.40 | 25.11 | 0.38 |
| Net Income Including Noncontrolling Interests | - | 3.75 | 7.40 | 25.11 | 0.38 |
| Normalized Income | - | 3.28 | 7.38 | 13.20 | 0.31 |
| Diluted NI Availto Com Stockholders | - | 3.75 | 7.40 | 25.11 | 0.38 |
| Basic Average Shares | - | 16.32 | 16.65 | 16.57 | 16.64 |
| Diluted Average Shares | - | 16.32 | 16.67 | 16.61 | 16.69 |
| Reconciled Depreciation | - | 6.01 | 7.81 | 8.98 | 13.03 |
| Reconciled Cost Of Revenue | - | 175.22 | 267.29 | 301.92 | 372.23 |
| Total Unusual Items | - | 0.76 | 0.03 | 15.90 | 0.08 |
| Total Unusual Items Excluding Goodwill | - | 0.76 | 0.03 | 15.90 | 0.08 |
| Preferred Stock Dividends | 0.28 | - | - | - | - |
| Special Income Charges | - | 0.76 | 0.03 | 15.90 | 0.08 |
| Other Special Charges | -9.84 | - | - | -15.63 | - |
| Gain On Sale Of Ppe | - | 0.76 | 0.03 | 0.26 | 0.08 |
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 | $288M | 757.77↑ premium | 4.86 | 0.6% | 20.45 |
| Public Policy Holding Company, Inc. | PPHC | $306M | -7.83 | 4.08 | -52.1% | -18.14 |
| Omega Flex, Inc. | OFLX | $304M | 20.51 | 3.61 | 17.6% | 13.97 |
| AerSale Corporation | ASLE | $300M | 34.99 | 0.71 | 2.0% | 12.35 |
| CompX International Inc. |
| 2021 | - | - | - | - | - | - | - |
| CIX |
| $298M |
| 15.30 |
| 2.15 |
| 14.1% |
| 9.29 |
| NL Industries, Inc. | NL | $296M | -7.83 | 0.83 | -10.5% | -3.96 |
| AIRO Group Holdings, Inc. | AIRO | $295M | -71.79 | 0.40 | -0.6% | 8.94 |
| PAMT CORP | PAMT | $280M | - | 1.33 | -25.0% | 17.44 |
| Tredegar Corporation | TG | $277M | 8.28 | 1.28 | 15.5% | 5.65 |
| Peer Median | - | 8.28 | 1.31 | 0.7% | 9.12 | |