Energy Services of America Posts 13.4% Revenue Growth, $41.7M Backlog Increase
Energy Services of America reported first-quarter fiscal 2026 revenue of $114.1 million, up 13.4% year-over-year, gross profit of $14.0 million, and adjusted EBITDA of $8.3 million. Backlog rose by $41.7 million sequentially to $301.4 million, driven by 30% growth in Gas & Water Distribution projects.
1. Q1 Financial Performance
Energy Services of America generated $114.1 million in revenue for the quarter ended December 31, 2025, a 13.4% increase from the prior year period. Gross profit rose to $14.0 million with a 12.3% margin, net income reached $2.7 million ($0.16 per diluted share), and adjusted EBITDA climbed to $8.3 million.
2. Segment Growth Drivers
Revenue in the Gas & Water Distribution segment surged by 30% due to municipal and private utility upgrade cycles. The Gas & Petroleum Transmission segment benefited from two new project awards, while the Electrical, Mechanical & General segment saw a slight revenue decline but added $7 million to backlog.
3. Backlog Expansion and Outlook
Backlog increased sequentially by $41.7 million to $301.4 million, reflecting strong demand and bid activity. Management has optimized workforce for seasonal trends and remains optimistic about sustained growth and long-term shareholder value.