ESOA · Energy Services of America CORP
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.
Cap structure and valuation
| Cap structure | |
|---|---|
| SP | $16.01 |
| SO | 18.7M |
| Options | 0.0M |
| Warrants | 0.0M |
| FD SO | 18.7M |
| MC | $298.7M |
| Cash | $10.1M |
| Total debt | $35.2M |
| EV | $323.8M |
| TTM Multiples | |
|---|---|
| EV / Revenue | 0.7x |
| EV / EBITDA | — |
| MC / Net Income | — |
| EV / FCF | 26.6x |
| MC / FCF | 24.5x |
| Ownership & coverage | |
|---|---|
| Institutional | 55.5% |
| Insiders | 21.8% |
| # Institutions | 150 |
| Analysts | 2 |
| Consensus | Strong Buy |
| Avg target | $27.50 |
| Short % float | 4.0% |
| Days to cover | 4.55 |
MC = SP × FD SO. EV = MC + Debt − Cash. SP = previous yfinance close. Balance-sheet figures as of 2026-05-08. Multiples use TTM (sum of last 4 quarters); shown as "—" when the denominator is zero or negative, or when fewer than four quarters are reported — a partial sum is not a trailing twelve months. Ownership & coverage per Yahoo Finance as of 2026-07-13 — institutional % is 13F-based, so it can lag a quarter and exceed 100% on share-count timing. Short interest per FINRA bi-monthly reporting, as of 2026-06-29; the float denominator can be unreliable on tiny floats.
Financial statements
| 3/31/26 | 12/31/25 | 9/30/25 | 6/30/25 | |
|---|---|---|---|---|
| Total Revenue | 93.17 | 114.11 | 130.07 | 103.60 |
| Revenue YoY % | 21.5% | 13.4% | 24.3% | 20.6% |
| Cost of Revenue | 82.94 | 100.12 | 113.62 | 91.62 |
| Gross Profit | 10.23 | 13.99 | 16.45 | 11.98 |
| Gross Profit YoY % | 13042.0% | 36.3% | (6.4%) | (21.7%) |
| Gross Margin % | 11.0% | 12.3% | 12.6% | 11.6% |
| SG&A | 9.17 | 9.08 | 8.96 | 8.81 |
| Operating Expense | 9.17 | 9.08 | 8.96 | 8.81 |
| Operating Income | 1.06 | 4.91 | 7.49 | 3.17 |
| Operating Income YoY % | 113.1% | 198.6% | (14.7%) | (62.7%) |
| Operating Margin % | 1.1% | 4.3% | 5.8% | 3.1% |
| Interest Expense | 0.62 | 0.99 | 1.07 | 0.78 |
| Tax Provision | 0.20 | 1.13 | 2.10 | 0.14 |
| Diluted EPS | $0.01 | $0.16 | $0.25 | $0.12 |
| Basic EPS | $0.01 | $0.16 | $0.25 | $0.13 |
| Diluted Avg Shares | 17.6 | 16.7 | — | 16.7 |
| Basic Avg Shares | 17.5 | 16.7 | — | 16.6 |
| LTM | 9/30/25 | 9/30/24 | 9/30/23 | 9/30/22 | |
|---|---|---|---|---|---|
| Total Revenue | 440.96 | 411.00 | 351.88 | 304.10 | 197.59 |
| Revenue YoY % | 7.3% | 16.8% | 15.7% | 53.9% | — |
| Cost of Revenue | 388.30 | 372.23 | 301.92 | 267.29 | 175.22 |
| Gross Profit | 52.66 | 38.78 | 49.95 | 36.81 | 22.37 |
| Gross Profit YoY % | 35.8% | (22.4%) | 35.7% | 64.6% | — |
| Gross Margin % | 11.9% | 9.4% | 14.2% | 12.1% | 11.3% |
| SG&A | 36.03 | 34.56 | 30.12 | 23.78 | 15.88 |
| Operating Expense | 36.03 | 34.56 | 30.12 | 23.78 | 15.88 |
| Operating Income | 16.63 | 4.22 | 19.84 | 13.04 | 6.49 |
| Operating Income YoY % | 294.6% | (78.7%) | 52.2% | 100.8% | — |
| Operating Margin % | 3.8% | 1.0% | 5.6% | 4.3% | 3.3% |
| Interest Expense | 3.46 | 3.21 | 2.19 | 2.41 | 0.99 |
| Tax Provision | 3.57 | 0.49 | 8.42 | 2.98 | 2.26 |
| Diluted EPS | $0.54 | $0.02 | $1.51 | $0.44 | $0.23 |
| Basic EPS | $0.55 | $0.02 | $1.52 | $0.44 | $0.23 |
| Diluted Avg Shares | 17.6 | 16.7 | 16.6 | 16.7 | 16.3 |
| Basic Avg Shares | 17.5 | 16.6 | 16.6 | 16.6 | 16.3 |
| 3/31/26 | 12/31/25 | 9/30/25 | 6/30/25 | |
|---|---|---|---|---|
| Cash & Equivalents | 10.11 | 16.68 | 12.24 | 15.34 |
| Receivables | 60.07 | 68.63 | 76.05 | 57.65 |
| Other Current Assets | 53.06 | 46.44 | 56.63 | 48.63 |
| Total Current Assets | 123.24 | 131.75 | 144.92 | 121.62 |
| Net PPE | 54.18 | 52.88 | 53.47 | 54.09 |
| Operating Lease ROU | 2.39 | 2.01 | 2.05 | 2.38 |
| Goodwill | 9.87 | 9.87 | 9.87 | 7.43 |
| Intangible Assets | 4.20 | 4.49 | 4.90 | 3.61 |
| Total Assets | 193.88 | 200.99 | 215.21 | 189.12 |
| Accounts Payable | 21.27 | 24.33 | 30.73 | 24.35 |
| Current Debt | 9.29 | 11.04 | 11.55 | 11.13 |
| Current Lease Liabilities | 1.21 | 1.06 | 1.06 | 1.14 |
| Other Current Liabilities | 56.08 | 54.79 | 54.64 | 54.38 |
| Total Current Liabilities | 87.85 | 91.22 | 97.98 | 91.00 |
| Long-term Debt | 15.41 | 40.50 | 50.26 | 37.60 |
| Long-term Lease Liabilities | 1.17 | 0.94 | 0.98 | 1.24 |
| Other Liabilities | 7.92 | 7.73 | 6.75 | 4.74 |
| Total Liabilities | 112.35 | 140.39 | 155.97 | 134.58 |
| Retained Earnings | (1.35) | (1.01) | (3.22) | (6.96) |
| Total Equity | 81.53 | 60.60 | 59.24 | 54.54 |
| LTM | 9/30/25 | 9/30/24 | 9/30/23 | 9/30/22 | |
|---|---|---|---|---|---|
| Cash & Equivalents | 10.11 | 12.24 | 12.93 | 16.43 | 7.43 |
| Receivables | 60.07 | 76.05 | 56.06 | 51.17 | 38.45 |
| Other Current Assets | 53.06 | 56.63 | 41.44 | 27.58 | 24.51 |
| Total Current Assets | 123.24 | 144.92 | 110.43 | 95.18 | 70.39 |
| Net PPE | 54.18 | 53.47 | 38.14 | 36.53 | 32.66 |
| Operating Lease ROU | 2.39 | 2.05 | 2.53 | 3.33 | 1.61 |
| Goodwill | 9.87 | 9.87 | 4.09 | 4.09 | 4.09 |
| Intangible Assets | 4.20 | 4.90 | 3.07 | 3.38 | 3.87 |
| Total Assets | 193.88 | 215.21 | 158.25 | 142.51 | 112.63 |
| Accounts Payable | 21.27 | 30.73 | 23.67 | 22.03 | 20.31 |
| Current Debt | 9.29 | 11.55 | 6.37 | 6.11 | 4.06 |
| Current Lease Liabilities | 1.21 | 1.06 | 0.91 | 1.08 | 0.59 |
| Other Current Liabilities | 56.08 | 54.64 | 43.29 | 50.69 | 40.46 |
| Total Current Liabilities | 87.85 | 97.98 | 74.25 | 79.90 | 65.42 |
| Long-term Debt | 15.41 | 50.26 | 17.19 | 18.87 | 13.49 |
| Long-term Lease Liabilities | 1.17 | 0.98 | 1.63 | 2.27 | 1.02 |
| Other Liabilities | 7.92 | 6.75 | 6.49 | 6.87 | 4.46 |
| Total Liabilities | 112.35 | 155.97 | 99.55 | 107.92 | 84.39 |
| Retained Earnings | (1.35) | (3.22) | (1.59) | (25.70) | (32.27) |
| Total Equity | 81.53 | 59.24 | 58.69 | 34.59 | 28.24 |
| 9/30/18 | 6/30/18 | 3/31/18 | 12/31/17 | |
|---|---|---|---|---|
| Net Income | 2.21 | 1.10 | (0.95) | 0.15 |
| D&A | 1.02 | 1.07 | 1.09 | 1.05 |
| Δ Working Cap & Other | (7.05) | 1.99 | 8.31 | 3.93 |
| Operating Cash Flow | (3.82) | 4.16 | 8.45 | 5.12 |
| CapEx | (0.47) | (0.44) | (0.38) | (0.45) |
| Investing Cash Flow | (0.40) | (0.41) | 0.01 | (0.02) |
| Debt Repayment | (1.17) | (1.16) | (1.06) | (1.14) |
| Other Financing | 2.10 | (1.09) | (7.85) | — |
| Financing Cash Flow | 0.93 | (2.25) | (8.92) | (1.15) |
| Free Cash Flow | (4.29) | 3.72 | 8.07 | 4.68 |
| LTM | 9/30/18 | 9/30/17 | 9/30/16 | 9/30/15 | |
|---|---|---|---|---|---|
| Net Income | 2.51 | 2.51 | (0.39) | 3.24 | 2.11 |
| D&A | 4.24 | 4.21 | 3.24 | 2.50 | 3.29 |
| Stock-Based Comp | — | 0.00 | 0.00 | 0.00 | 0.00 |
| Δ Working Cap & Other | 7.17 | 2.35 | (1.67) | 1.04 | (5.40) |
| Operating Cash Flow | 13.91 | 9.06 | 1.18 | 6.78 | 0.01 |
| CapEx | (1.74) | (1.88) | (2.79) | (3.41) | (2.44) |
| Other Investing | 0.92 | 0.54 | — | — | — |
| Investing Cash Flow | (0.82) | (1.34) | (2.51) | (2.99) | (2.21) |
| Debt Issuance | — | — | — | — | 1.16 |
| Debt Repayment | (4.53) | (4.61) | (3.01) | (2.50) | (3.88) |
| Stock Buyback | — | (0.05) | — | — | — |
| Dividends Paid | — | — | (0.70) | (0.70) | — |
| Other Financing | (6.85) | (3.67) | 2.89 | 1.72 | 3.76 |
| Financing Cash Flow | (11.38) | (8.34) | (0.82) | (1.48) | 1.04 |
| Free Cash Flow | 12.17 | 7.18 | (1.61) | 3.38 | (2.43) |
| 3/31/26 | 12/31/25 | 9/30/25 | 6/30/25 | |
|---|---|---|---|---|
| Current Ratio | 1.40 | 1.44 | 1.48 | 1.34 |
| Quick Ratio | — | — | — | — |
| Debt / Equity | 1.38 | 2.32 | 2.63 | 2.47 |
| EBITDA Margin % | — | — | — | — |
| Working Capital | 35.39 | 40.53 | 46.94 | 30.62 |
| Net Debt | 5.30 | 23.82 | 38.01 | 22.26 |
| ROE % | — | — | — | — |
| ROA % | — | — | — | — |
| LTM | 9/30/25 | 9/30/24 | 9/30/23 | 9/30/22 | |
|---|---|---|---|---|---|
| Current Ratio | 1.40 | 1.48 | 1.49 | 1.19 | 1.08 |
| Quick Ratio | — | — | — | — | — |
| Debt / Equity | 1.38 | 2.63 | 1.70 | 3.12 | 2.99 |
| EBITDA Margin % | — | — | — | — | — |
| Working Capital | 35.39 | 46.94 | 36.18 | 15.28 | 4.97 |
| Net Debt | 5.30 | 38.01 | 4.26 | 2.44 | 6.07 |
| ROE % | — | — | — | — | — |
| ROA % | — | — | — | — | — |
Insider activity (last 2 years)
| Date Filed | Reporter | Relationship | Trans. Date | Code | Shares | Price | Total Value |
|---|---|---|---|---|---|---|---|
| 2026-06-22 | Taylor Troy Alan | Officer (Chief Operating Officer) | 2026-06-22 | F | (498) | — | $-0 |
| 2026-06-22 | Taylor Troy Alan | Officer (President) | 2026-06-22 | F | (498) | — | $-0 |
| 2026-06-22 | REYNOLDS DOUGLAS V | Director, Officer (President), 10% Owner | 2026-06-18 | P | 6,000 | $16.26 | $97,560 |
| 2026-06-02 | REYNOLDS MARSHALL T | Director | 2026-06-01 | S | (35,058) | $14.98 | -$525,169 |
| 2026-06-02 | REYNOLDS MARSHALL T | Director | 2026-05-29 | S | (64,942) | $15.70 | -$1,019,589 |
| 2026-05-28 | REYNOLDS MARSHALL T | Director | 2026-05-28 | S | (43,243) | $16.32 | -$705,726 |
| 2026-05-28 | REYNOLDS MARSHALL T | Director | 2026-05-27 | S | (56,757) | $17.19 | -$975,653 |
| 2026-05-28 | Prince Mark | Director | 2026-05-27 | S | (33,000) | $17.80 | -$587,400 |
| 2026-03-23 | REYNOLDS DOUGLAS V | Director, Officer (President), 10% Owner | 2026-03-20 | P | 4,809 | $13.26 | $63,767 |
| 2026-03-23 | REYNOLDS DOUGLAS V | Director, Officer (President), 10% Owner | 2026-03-19 | P | 1,500 | $13.04 | $19,560 |
| 2026-01-30 | Crimmel Charles P. | Officer (Chief Financial Officer) | 2026-01-29 | A | 2,781 | — | $0 |
| 2026-01-30 | Crimmel Charles P. | Officer (Chief Financial Officer) | 2026-01-29 | F | (521) | — | $-0 |
| 2025-12-23 | REYNOLDS DOUGLAS V | Director, Officer (President), 10% Owner | 2025-12-19 | P | 4,000 | $8.07 | $32,280 |
| 2025-12-23 | REYNOLDS DOUGLAS V | Director, Officer (President), 10% Owner | 2025-12-18 | P | 2,600 | $8.35 | $21,710 |
| 2025-12-23 | REYNOLDS DOUGLAS V | Director, Officer (President), 10% Owner | 2025-12-17 | F | (3,251) | — | $-0 |
| 2025-12-23 | REYNOLDS DOUGLAS V | Director, Officer (President), 10% Owner | 2025-12-17 | P | 2,500 | $8.65 | $21,625 |
| 2025-12-18 | REYNOLDS MARSHALL T | Director | 2025-12-17 | S | (100,000) | $8.37 | -$837,000 |
| 2025-05-20 | Crimmel Charles P. | Officer (Chief Financial Officer) | 2025-05-19 | P | 500 | $9.40 | $4,700 |
| 2025-05-20 | Farrell Patrick J | Director | 2025-05-16 | P | 1,772 | $8.46 | $14,991 |
| 2025-02-18 | Prince Mark | Director | 2025-02-12 | P | 21,000 | $10.96 | $230,160 |
| 2025-01-21 | Crimmel Charles P. | Officer (Chief Financial Officer) | 2025-01-17 | F | (269) | $13.02 | -$3,502 |
| 2025-01-21 | Crimmel Charles P. | Officer (Chief Financial Officer) | 2025-01-15 | A | 1,985 | — | $0 |
| 2024-12-23 | REYNOLDS MARSHALL T | Director | 2024-12-20 | S | (34,713) | $16.04 | -$556,797 |
| 2024-12-20 | REYNOLDS MARSHALL T | Director, 10% Owner | 2024-12-19 | S | (8,212) | $16.30 | -$133,856 |
| 2024-12-20 | REYNOLDS MARSHALL T | Director, 10% Owner | 2024-12-18 | S | (11,005) | $17.20 | -$189,286 |
| 2024-12-20 | Lucente Frank S | Director | 2024-12-17 | S | (5,000) | $17.50 | -$87,500 |
| 2024-09-23 | Reynolds Jack M | Director | 2024-09-20 | S | (25,000) | $10.30 | -$257,500 |
| 2024-09-23 | Reynolds Jack M | Director | 2024-09-19 | S | (25,000) | $10.40 | -$260,000 |
| 2024-09-23 | Lucente Frank S | Director | 2024-09-19 | S | (1,000) | $10.50 | -$10,500 |
| 2024-09-19 | Kapourales Samuel G | Director | 2024-09-18 | S | (50,000) | $10.10 | -$505,000 |
| 2024-09-13 | Lucente Frank S | Director | 2024-09-12 | S | (2,000) | $10.10 | -$20,200 |
| 2024-09-04 | Lucente Frank S | Director | 2024-08-20 | S | (5,000) | $10.30 | -$51,500 |
| 2024-08-30 | REYNOLDS MARSHALL T | Director, 10% Owner | 2024-08-30 | S | (20,946) | $9.50 | -$198,987 |
| 2024-08-30 | REYNOLDS MARSHALL T | Director, 10% Owner | 2024-08-29 | S | (29,054) | $9.50 | -$276,013 |
| 2024-08-30 | REYNOLDS MARSHALL T | Director, 10% Owner | 2024-08-28 | S | (25,000) | $9.50 | -$237,500 |
| 2024-08-27 | Lucente Frank S | Director | 2024-08-26 | S | (3,000) | $10.80 | -$32,400 |
| 2024-08-26 | Crimmel Charles P. | Officer (CFO/Secretary) | 2024-08-23 | I | (13,845) | $10.17 | -$140,804 |
| 2024-08-26 | Lucente Frank S | Director | 2024-08-22 | S | (1,800) | $10.30 | -$18,540 |
| 2024-08-22 | REYNOLDS DOUGLAS V | Director, Officer (President), 10% Owner | 2024-08-21 | A | 4,061 | — | $0 |
| 2024-08-22 | Lucente Frank S | Director | 2024-08-20 | S | (1,000) | $10.80 | -$10,800 |
| 2024-08-20 | Lucente Frank S | Director | 2024-08-20 | S | (5,000) | $10.30 | -$51,500 |
| 2024-08-19 | REYNOLDS MARSHALL T | Director, 10% Owner | 2024-08-19 | S | (18,040) | $9.46 | -$170,658 |
| 2024-08-19 | Lucente Frank S | Director | 2024-08-19 | S | (7,000) | $10.06 | -$70,420 |
| 2024-08-19 | REYNOLDS MARSHALL T | Director, 10% Owner | 2024-08-16 | S | (25,000) | $9.00 | -$225,000 |
| 2024-08-19 | Lucente Frank S | Director | 2024-08-16 | S | (4,000) | $9.00 | -$36,000 |
| 2024-08-19 | REYNOLDS MARSHALL T | Director, 10% Owner | 2024-08-15 | S | (330) | $9.00 | -$2,970 |
| 2024-08-19 | Williams Joseph L | Director | 2024-08-14 | S | (10,000) | $8.46 | -$84,600 |
| 2024-08-16 | REYNOLDS MARSHALL T | Director, 10% Owner | 2024-08-15 | S | (31,630) | $9.00 | -$284,670 |
| 2024-08-16 | Lucente Frank S | Director | 2024-08-15 | S | (7,000) | $8.99 | -$62,930 |
| 2024-08-16 | Lucente Frank S | Director | 2024-08-14 | S | (2,190) | $8.91 | -$19,513 |