NYSE$ENSV
Enservco Corp · Q3 2020 earnings
Q3 2020 earnings · · Investor relations
Briefing
Reported net income of $8.4 million due to $11.9 million gain on restructured debt and revenue of $1.8 million versus $3.8 million year over year.
Enservco reported third quarter results with revenue of $1.8 million and a net income of $8.4 million, driven by a gain on debt restructuring. The company has focused on cost reductions and strengthening its balance sheet.
- Refinancing reduced debt by $16.0 million and added $12.5 million to stockholders’ equity.
- Implemented $4.0 million in cost reductions.
- Raised $1.3 million of equity in October to support working capital needs.
- Net income of $8.4 million resulted from $11.9 million gain on restructured debt.
Headline financials
Revenue & EPS history
Enservco · Revenue · Quarterly
$1.76M
Revenue by segment
Enservco · $1.8M total across 2 segments · Q3 2020
- Production services$1.4M-57.6%77.7%
- Completion services$401K-21.4%22.3%
Forward guidance
Enservco anticipates an uptick in activity as the heating season progresses and is excited about long-term prospects for growth and delivering improved shareholder value.
Tailwinds
- Anticipating an uptick in activity as the heating season progresses.
- Optimized the location of fleet to take advantage of any industry recovery in the near term.
- Entering 2020/21 heating season, typically most prolific period.
- Expanded blue-chip customer base.
- Leaner, more nimble organization.
Headwinds
- Lower commodity prices.
- COVID-19 impact.
- Oilfield services market became more competitive.
- Reduced pricing and gross margins.
- Dependence on weather conditions.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2020
-1.2%
Avg return
Earnings day
+0.2%
Avg return
5 days after
-3.6%
Avg return
30 days after
40%
24 / 60 earnings
Positive
+41.5%
Q1 2023
Best reaction
-25.0%
Q1 2012
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2024 | -8.3% | -20.8% | -20.0% | |
| Q2 2024 | -6.2% | -12.2% | -32.2% | |
| Q1 2024 | +3.4% | +49.9% | +14.6% | |
| Q4 2023 | +3.4% | +20.2% | +18.9% | |
| Q3 2023 | -4.4% | -1.5% | -23.4% | |
| Q2 2023 | -6.3% | -14.0% | +5.0% | |
| Q1 2023 | +41.5% | +17.1% | -4.2% | |
| Q4 2022 | -6.7% | -5.5% | -19.6% | |
| Q3 2022 | -7.5% | -12.3% | -23.3% | |
| Q1 2022 | +6.5% | +51.4% | +85.5% | |
| Q2 2022 | +13.1% | +3.4% | -15.4% | |
| Q4 2021 | +13.1% | +3.4% | -15.4% | |
| Q4 2024 | -17.6% | -17.6% | -6.7% | |
| Q3 2021 | -10.5% | -15.8% | -27.8% | |
| Q2 2021 | -3.3% | +4.9% | +12.3% | |
| Q1 2021 | +7.1% | +4.7% | -19.5% | |
| Q4 2020 | -9.4% | -4.2% | -33.4% | |
| Q3 2020 | -3.8% | -10.4% | -5.2% | |
| Q2 2020 | +6.4% | -1.1% | -25.0% | |
| Q1 2020 | +3.0% | -6.9% | +55.8% | |
| Q4 2019 | -8.4% | -3.5% | +0.9% | |
| Q3 2019 | +5.9% | +1.0% | +23.2% | |
| Q2 2019 | -14.8% | -15.6% | -42.2% | |
| Q1 2019 | -1.2% | -10.4% | -15.4% | |
| Q4 2018 | +8.2% | +5.4% | -10.6% | |
| Q3 2018 | +3.9% | -0.8% | -24.0% | |
| Q2 2018 | -0.8% | -11.0% | -13.4% | |
| Q1 2018 | -5.5% | +0.0% | +22.0% | |
| Q4 2017 | -10.0% | -16.5% | -5.3% | |
| Q3 2017 | -16.3% | -13.6% | -11.2% | |
| Q2 2017 | +4.2% | +14.5% | +25.0% | |
| Q1 2017 | +16.6% | +18.0% | -3.8% | |
| Q4 2016 | +11.5% | -6.5% | +14.7% | |
| Q3 2016 | +4.8% | +21.9% | +7.7% | |
| Q2 2016 | -5.1% | -7.3% | -14.7% | |
| Q1 2016 | -9.0% | — | — | |
| Q4 2015 | -10.8% | — | — | |
| Q3 2015 | +7.9% | — | — | |
| Q2 2015 | +0.0% | — | — | |
| Q1 2015 | -1.1% | — | — | |
| Q4 2014 | -8.3% | — | — | |
| Q3 2014 | -2.8% | — | — | |
| Q2 2014 | -2.9% | — | — | |
| Q1 2014 | -2.5% | — | — | |
| Q4 2013 | +2.0% | — | — | |
| Q3 2013 | -0.1% | — | — | |
| Q2 2013 | -0.7% | — | — | |
| Q1 2013 | +1.6% | — | — | |
| Q4 2012 | +7.5% | — | — | |
| Q3 2012 | -8.9% | — | — | |
| Q2 2012 | +0.0% | — | — | |
| Q1 2012 | -25.0% | — | — | |
| Q4 2011 | -21.3% | — | — | |
| Q3 2010 | -11.5% | — | — | |
| Q3 2011 | -11.5% | — | — | |
| Q2 2011 | +5.8% | — | — | |
| Q1 2011 | +5.8% | — | — | |
| Q2 2010 | +5.8% | — | — | |
| Q4 2010 | +4.4% | — | — | |
| Q1 2010 | -1.7% | — | — |
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