Civeo raises 2026 guidance on Canadian strength despite Australian pressure
Civeo's third-quarter revenue rose 13% and adjusted EBITDA 5%, prompting higher 2026 guidance. Canada strengthened while Australia stayed under pressure.
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what happened
Civeo reported third-quarter revenue up 13% and adjusted EBITDA up 5%, which led the company to raise its guidance for fiscal 2026. According to TradingView, the main support came from Canada, where the business strengthened, while occupancy in Australia remained under pressure from costs and royalties.
The company also has 700 mobile rooms contracted for deployment.
why it matters
Civeo provides accommodation for workers on resource projects, so its results depend on how willing mining and energy companies are to spend on new work. For investors the signal is mixed: Canada is gaining momentum, while the Australian segment is still weak.
tags
instruments
sources
- CVEO: Higher guidance reflects Canadian momentum despite continued Australian occupancy pressure — TradingView, 30 October 2026 at 15:04 UTC
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