Key Highlights

  • The quarterly Dividend was increased 33% to $0.04 per share, announced August 10, 2026 and payable October 15, 2026.
  • Fiscal third-quarter Revenue was $130.0 million, compared with $103.6 million a year earlier, an increase of 25.5%.
  • Net income was $3.3 million, or $0.18 per diluted share, compared with $2.1 million, or $0.12, a year earlier.
  • Nine-month Net Income was $6.2 million, compared with a net loss of $3.9 million in the prior-year period.

Overview

Energy Services of America Corporation (NASDAQ:ESOA) increased its quarterly dividend 33% to $0.04 per share, payable October 15, 2026, and the stock yields 1.26%. The increase was announced with fiscal third-quarter results on August 10, 2026, when revenue was $130.0 million, net income was $3.3 million and Diluted Earnings per Share were $0.18.

Dividend Program and Shareholder Returns

The company increased its quarterly dividend by 33% to $0.04 per share, as announced with fiscal third-quarter results on August 10, 2026. The dividend is payable October 15, 2026, and trades ex-dividend on September 30, 2026. It is the company's quarterly cash dividend, paid as part of its regular dividend program.

Management attributed the increase to confidence in future opportunities and its focus on delivering long-term shareholder return. Each dividend remains subject to board approval.

About the Company

Energy Services of America Corporation is a specialty contractor serving energy and Utility infrastructure markets. Its work includes gas and petroleum transmission, water distribution and electrical construction. The fiscal year ends September 30, so the quarter ended June 30, 2026 was the fiscal third quarter. The company reports Backlog as its measure of contracted work.

Fiscal Third-Quarter and Nine-Month Results

Fiscal third-quarter revenue was $130.0 million, compared with $103.6 million a year earlier, an increase of 25.5%. Net income was $3.3 million, compared with $2.1 million, an increase of 57.9%, and diluted earnings per share were $0.18, compared with $0.12.

For the nine months ended June 30, 2026, revenue was $337.3 million, compared with $280.9 million. Gross Profit was $38.5 million, compared with $22.3 million. Net income was $6.2 million, compared with a net loss of $3.9 million.

Backlog was $286.6 million at June 30, 2026, compared with $325.1 million at March 31, 2026 and $280.7 million at June 30, 2025.

Segment Activity and Project Margins

Management said third-quarter results reflected strength across each segment, with continued Demand for water distribution and electrical construction and continued recovery in the gas transmission business. The company stated that the increase in revenue was primarily driven by increased work across all segments, particularly Gas and Petroleum Transmission.

Favorable weather through the spring allowed projects to start on or ahead of schedule, according to the company. It also reported a lower-than-expected gross profit Margin on a large gas transmission project, and stated that the diversity of its Business allowed it to absorb the impact.

Outlook

Backlog conversion, project timing, gross margins on large projects, and the board's future quarterly declarations are the relevant considerations. Fiscal fourth-quarter results for the period ending September 30, 2026 have not yet been reported.