Energy Services of America (ESOA)

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Energy Services of America (ESOA) - 2020 Q4 - Annual Report
2021-01-04 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year ended September 30, 2020 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________________ to ____________________ Commission File Number: 001-32998 Energy Services of America Corporation (Exact Name of Registrant as Specified in its Charter) ...
Energy Services of America (ESOA) - 2020 Q3 - Quarterly Report
2020-08-14 14:19
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) x Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended June 30, 2020 Energy Services of America Corporation (Exact Name of Registrant as Specified in Its Charter) Delaware 20-4606266 (State or Other Jurisdiction of Incorporation or Organization) (I.R.S. Employer Identification Number) 75 West 3 Ave., Huntington, West Virginia 25701 (Address of Princip ...
Energy Services of America (ESOA) - 2020 Q2 - Quarterly Report
2020-05-15 14:47
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 (Mark One) FORM 10-Q x Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2020 Energy Services of America Corporation (Exact Name of Registrant as Specified in Its Charter) | --- | --- | --- | |-------------------------------------------------------------------------------------------------------|--------------------------------|------------------------------- ...
Energy Services of America (ESOA) - 2020 Q1 - Quarterly Report
2020-02-13 16:08
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q Title of Each Class Trading Symbols Name of Each Exchange On Which Registered None None None (Mark One) x Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended December 31, 2019 Energy Services of America Corporation (Exact Name of Registrant as Specified in Its Charter) Delaware 20-4606266 (State or Other Jurisdiction of Incorporation or Organization) (I.R.S. Em ...
Energy Services of America (ESOA) - 2019 Q4 - Annual Report
2019-12-20 15:44
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year ended September 30, 2019 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________________ to ____________________ Commission File Number: 001-32998 Energy Services of America Corporation (Exact Name of Registrant as Specified in its Charter) ...
Energy Services of America (ESOA) - 2019 Q3 - Quarterly Report
2019-08-14 17:01
Revenue Performance - Revenue for the three months ended June 30, 2019, was $40,187,978, a 36% increase from $29,549,659 in the same period of 2018[14] - Total revenue reported for the nine months ended June 30, 2019, was $136,257,561[33] - Total revenues increased by $10.7 million or 36.0% to $40.2 million for the three months ended June 30, 2019, compared to $29.5 million for the same period in 2018[90] - Total revenues increased by $51.1 million or 59.9% to $136.3 million for the nine months ended June 30, 2019, compared to $85.2 million for the same period in 2018[91] - Revenue from contracts in progress for the three months ended June 30, 2019, was $33,337,654[32] - Total revenue from contracts for the three months ended June 30, 2019, was $40,187,978[32] - Revenue from unit price contracts for the three months ended June 30, 2019, was $24,895,357[32] Profitability - Net income for the three months ended June 30, 2019, was $485,757, down from $1,096,267 in the same period of 2018, representing a decrease of 55.8%[14] - Net income for 2019 was a loss of $7,317 compared to a profit of $297,192 in 2018, indicating a significant decline in profitability[18] - Net income available to common shareholders for the three months ended June 30, 2019 was $409,000 compared to $1.0 million for the same period in 2018[105] - Income before income taxes was $942,000 for the three months ended June 30, 2019, compared to $1.4 million for the same period in 2018[101] - The effective income tax rate for the three months ended June 30, 2019 was 48.4%, compared to 20.1% for the same period in 2018[103] Expenses - Selling and administrative expenses for the three months ended June 30, 2019, were $2,021,359, up from $1,773,304 in the same period of 2018, reflecting a 14% increase[14] - Total cost of revenues increased by $10.7 million or 41.2% to $36.9 million for the three months ended June 30, 2019, compared to $26.2 million for the same period in 2018[92] - Total gross profit decreased by $132,000 or 3.9% to $3.3 million for the three months ended June 30, 2019, compared to $3.4 million for the same period in 2018[94] - Interest expense increased by $140,000 or 73.5% to $331,000 for the three months ended June 30, 2019, compared to $191,000 for the same period in 2018[98] Assets and Liabilities - Total current assets increased to $45,919,788 as of June 30, 2019, from $37,865,401 as of September 30, 2018, marking a 21.5% growth[12] - Total assets increased to $62,550,552 as of June 30, 2019, from $54,681,390 as of September 30, 2018, representing a growth of 14.4%[12] - Total liabilities rose to $39,798,967 as of June 30, 2019, compared to $31,400,343 as of September 30, 2018, indicating a 27% increase[12] - Long-term debt, less current maturities, increased to $12,935,086 as of June 30, 2019, from $6,468,630 as of September 30, 2018, a significant rise of 99.1%[12] - Total current liabilities were $25,437,000, indicating a significant portion of the company's obligations[30] Cash Flow - Net cash used in operating activities was $(391,354) in 2019, a stark contrast to $12,879,075 provided in 2018[18] - Cash flows from investing activities showed a net cash outflow of $(2,340,439) in 2019, compared to $(936,096) in 2018, reflecting increased investment activity[18] - Cash flows from financing activities provided $4,812,542 in 2019, a recovery from $(9,266,006) used in 2018, primarily due to increased borrowings[18] - Total cash and cash equivalents at the end of the period decreased to $3,146,299 in 2019 from $4,352,498 in 2018[18] Shareholder Equity - The balance of total shareholders' equity as of June 30, 2019, was $22,751,585, a decrease from $23,281,047 as of September 30, 2018[21] - Shareholders' equity decreased to $22.8 million, down $529,000 from $23.3 million at the prior fiscal year end[109] Customer and Market Information - Major customers include Goff Full Stream, Mountaineer Gas, and TransCanada Corporation, indicating a strong client base in the energy sector[80] - One customer, Goff Full Stream Interconnect, represented 35.8% of revenues for the nine months ended June 30, 2019[131] - The Company operates primarily in the mid-Atlantic region of the United States, servicing industries such as gas, petroleum, power, chemical, and automotive[75] Legal and Compliance - The company is seeking $6.9 million in a lawsuit against a former customer, which has not been recognized in the financial statements[133] - The company does not believe that any ongoing legal proceedings will have a material adverse effect on its financial position as of June 30, 2019[163] - The Company was in compliance with all covenants for the $12.5 million component of Operating Line of Credit (2019) as of June 30, 2019[67] Stock Repurchase - During the three months ended June 30, 2019, Energy Services of America Corporation repurchased a total of 256,073 shares at an average price of $1.13 per share[167] - The stock repurchase program authorized by the Board of Directors allows for the repurchase of up to 10% of the company's issued and outstanding stock, approximately 1,423,984 shares, set to expire on August 15, 2019[167] - As of the end of June 2019, the maximum number of shares that may yet be purchased under the repurchase plans is 1,122,592 shares[167]
Energy Services of America (ESOA) - 2019 Q2 - Quarterly Report
2019-05-15 19:09
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) x Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2019 Energy Services of America Corporation (Exact Name of Registrant as Specified in Its Charter) Delaware (State or Other Jurisdiction of Incorporation or Organization) 75 West 3 Ave., Huntington, West Virginia (Address of Principal Executive Office) | --- | |-------------------------- ...
Energy Services of America (ESOA) - 2019 Q1 - Quarterly Report
2019-02-14 15:58
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) x Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended December 31, 2018 Energy Services of America Corporation (Exact Name of Registrant as Specified in Its Charter) | --- | --- | --- | --- | --- | |---------------------------------------------------------------------------|-----------------------------------------|----------------------------------- ...