• Civeo outlined a strategy centered on share repurchases, targeting at least 75% of annual free cash flow for buybacks.
• Reported $565 million enterprise value, $377 million market cap, 2.1x net leverage ratio, $685 million LTM revenue, $96.8 million LTM adjusted EBITDA.
• Highlighted Australia as 72% of LTM revenue, Canada at 28%; Australia at 81% of LTM adjusted EBITDA, Canada at 19%.
• Convertible issuance set at USD 115 million principal, 4.5% coupon, maturity Aug. 1, 2031; conversion price $40.51 per share.
• Concurrent buyback of 660,297 shares for about $22.3 million; remaining proceeds earmarked to repay the revolving credit facility.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Civeo Corporation published the original content used to generate this news brief on July 30, 2026, and is solely responsible for the information contained therein.