Civeo Corp. CVEO

What this company does

It provides hospitality services to remote workforces in Australia and Canada, including catering and food service, lodging, housekeeping and maintenance at accommodation facilities that it or its customers own. For the year ended December 31, 2025, it generated $638.8 million in revenues and $4.1 million in operating income. It owns and operates 26 lodges and villages with approximately 26,500 rooms, and also operates approximately 19,500 rooms across 24 locations where the accommodations assets are owned by its customers. During the year ended December 31, 2025, it generated 72% of its revenue from its Australian operations. During the same year, it generated approximately 28% of its revenue from its Canadian operations. Its Australian segment includes twelve company-owned villages with 10,318 rooms as of December 31, 2025, strategically located near long-lived, low-cost mines operated by large mining companies. In Canada, it provides services through lodges and mobile assets and at customer-owned locations, supporting workforces in the Canadian LNG and oil sands markets and in oil and natural gas drilling, mining, pipeline and related natural resource applications. Its Canadian operations were founded in 1977, beginning with modular rental housing for energy customers, primarily supporting drilling rig crews in the Western Canadian Sedimentary Basin.

Written from the business description in Civeo Corp's annual report to the U.S. Securities and Exchange Commission, filed 3 March 2026. Every sentence was checked against that document before publication.