Energy Services of America Subsidiary Purchases Rigney Digital Systems
Acquisition Details: Nitro Construction Services has acquired Rigney Digital Systems, a West Virginia-based company specializing in HVAC control systems, through an Asset Purchase Agreement.
Operational Continuity: Rigney will retain its brand, staff, and client relationships while benefiting from Nitro's resources, allowing it to operate as a distinct entity within the Nitro Construction family.
Trade with 70% Backtested Accuracy
Analyst Views on ESOA
About ESOA
About the author
Energy Services of America Reports 16.8% Annual Revenue Growth and Highest Quarterly Revenue
- Revenue Growth: Energy Services of America reported fiscal 2025 revenue of $411 million, a 16.8% increase driven primarily by demand in the Gas & Water Distribution segment, indicating strong market performance.
- Quarterly Performance: In Q4 2025, revenue reached $130.1 million, up from $104.7 million in the same quarter last year, although gross profit decreased to $16.5 million, reflecting impacts from project timing and sales mix.
- Net Income Fluctuation: The net income for Q4 was $4.2 million, or $0.25 per diluted share, down from $6.7 million and $0.40 per diluted share in the prior year, primarily due to project delays caused by severe winter weather.
- Future Outlook: The company remains optimistic about fiscal 2026, anticipating strong demand in the water and wastewater sector to drive growth, while the recent acquisition of Rigney Digital Systems is expected to enhance service capabilities and improve margin profiles.
Energy Services of America Reports 16.8% Annual Revenue Growth and Record Quarterly Revenue
- Annual Revenue Growth: Energy Services of America reported total revenues of $411 million for fiscal 2025, marking a 16.8% increase from $351.9 million in fiscal 2024, primarily driven by demand in the Gas & Water Distribution segment, indicating strong market performance.
- Quarterly Performance Review: For the fourth quarter of fiscal 2025, revenues reached $130.1 million, a 24.5% increase from $104.7 million in the same quarter last year, achieving the highest quarterly revenue in company history despite adverse winter weather, reflecting resilience in challenging conditions.
- Profitability Decline: Despite revenue growth, net income for the fourth quarter was $4.2 million, down 37.5% from $6.7 million in the prior year, primarily due to project delays and changes in sales mix, indicating pressure on profitability.
- Optimistic Future Outlook: The company anticipates continued strong demand in the water and wastewater sectors for fiscal 2026 and plans to enhance service capabilities through acquisitions, demonstrating confidence in long-term growth prospects.
Energy Services of America to Present and Host 1x1 Investor Meetings at the 17th Annual Southwest IDEAS Investor Conference on November 20
Company Presentation Announcement: Energy Services of America will have its President and CFO present at the Southwest IDEAS Investor Conference on November 20, 2025, in Dallas, TX, with a scheduled start time of 4:20 PM ET.
Webcast Availability: The presentation will be available via webcast on the conference host's website, allowing interested parties to access it online.
Company Overview: Energy Services of America Corporation, based in Huntington, WV, is a contractor and service provider in various industries, including natural gas and power, employing over 1,000 people.
Core Values: The company emphasizes safety, quality, and production as its core values in its operations across the mid-Atlantic and Central regions of the United States.
NITRO CONSTRUCTION SERVICES ANNOUNCES ACQUISITION OF RIGNEY DIGITAL SYSTEMS
Acquisition Announcement: Energy Services of America Corporation's subsidiary, Nitro Construction Services, has acquired Rigney Digital Systems, a leader in HVAC control systems, enhancing Nitro's expertise in building technology.
Operational Continuity: Rigney will retain its brand identity, staff, and client relationships, ensuring continuity for existing customers while benefiting from Nitro's resources for future growth.
Energy Services of America to Host 1-on-1 Investor Meetings and Present at the 16th Annual Midwest IDEAS Investor Conference on August 27th
Event Announcement: Energy Services of America will present at the Midwest IDEAS Investor Conference on August 27, 2025, in Chicago, IL, starting at 9:15am CT.
Webcast Availability: The presentation will be available via webcast on the conference host's website.
IDEAS Conference Purpose: The IDEAS Investor Conferences aim to provide a platform for quality companies to showcase their investment potential to investment professionals, emphasizing investor sponsorship.
Company Overview: Energy Services of America is based in Huntington, WV, and provides services across various industries, employing over 1,000 staff members with a focus on safety, quality, and production.
Energy Services of America Reports Fiscal Third Quarter 2025 Results
Financial Performance: Energy Services of America Corporation reported a revenue increase of 21% to $103.6 million for the fiscal third quarter ending June 30, 2025, despite a decline in gross profit and net income compared to the previous year.
Business Outlook: The company remains optimistic about future growth opportunities in electrical, mechanical, and general construction sectors, bolstered by a backlog of $304.4 million and ongoing projects in water and wastewater management.
Energy Services of America Reports 16.8% Annual Revenue Growth and Highest Quarterly Revenue
- Revenue Growth: Energy Services of America reported fiscal 2025 revenue of $411 million, a 16.8% increase driven primarily by demand in the Gas & Water Distribution segment, indicating strong market performance.
- Quarterly Performance: In Q4 2025, revenue reached $130.1 million, up from $104.7 million in the same quarter last year, although gross profit decreased to $16.5 million, reflecting impacts from project timing and sales mix.
- Net Income Fluctuation: The net income for Q4 was $4.2 million, or $0.25 per diluted share, down from $6.7 million and $0.40 per diluted share in the prior year, primarily due to project delays caused by severe winter weather.
- Future Outlook: The company remains optimistic about fiscal 2026, anticipating strong demand in the water and wastewater sector to drive growth, while the recent acquisition of Rigney Digital Systems is expected to enhance service capabilities and improve margin profiles.
Energy Services of America Reports 16.8% Annual Revenue Growth and Record Quarterly Revenue
- Annual Revenue Growth: Energy Services of America reported total revenues of $411 million for fiscal 2025, marking a 16.8% increase from $351.9 million in fiscal 2024, primarily driven by demand in the Gas & Water Distribution segment, indicating strong market performance.
- Quarterly Performance Review: For the fourth quarter of fiscal 2025, revenues reached $130.1 million, a 24.5% increase from $104.7 million in the same quarter last year, achieving the highest quarterly revenue in company history despite adverse winter weather, reflecting resilience in challenging conditions.
- Profitability Decline: Despite revenue growth, net income for the fourth quarter was $4.2 million, down 37.5% from $6.7 million in the prior year, primarily due to project delays and changes in sales mix, indicating pressure on profitability.
- Optimistic Future Outlook: The company anticipates continued strong demand in the water and wastewater sectors for fiscal 2026 and plans to enhance service capabilities through acquisitions, demonstrating confidence in long-term growth prospects.
Energy Services of America to Present and Host 1x1 Investor Meetings at the 17th Annual Southwest IDEAS Investor Conference on November 20
Company Presentation Announcement: Energy Services of America will have its President and CFO present at the Southwest IDEAS Investor Conference on November 20, 2025, in Dallas, TX, with a scheduled start time of 4:20 PM ET.
Webcast Availability: The presentation will be available via webcast on the conference host's website, allowing interested parties to access it online.
Company Overview: Energy Services of America Corporation, based in Huntington, WV, is a contractor and service provider in various industries, including natural gas and power, employing over 1,000 people.
Core Values: The company emphasizes safety, quality, and production as its core values in its operations across the mid-Atlantic and Central regions of the United States.
NITRO CONSTRUCTION SERVICES ANNOUNCES ACQUISITION OF RIGNEY DIGITAL SYSTEMS
Acquisition Announcement: Energy Services of America Corporation's subsidiary, Nitro Construction Services, has acquired Rigney Digital Systems, a leader in HVAC control systems, enhancing Nitro's expertise in building technology.
Operational Continuity: Rigney will retain its brand identity, staff, and client relationships, ensuring continuity for existing customers while benefiting from Nitro's resources for future growth.
Energy Services of America to Host 1-on-1 Investor Meetings and Present at the 16th Annual Midwest IDEAS Investor Conference on August 27th
Event Announcement: Energy Services of America will present at the Midwest IDEAS Investor Conference on August 27, 2025, in Chicago, IL, starting at 9:15am CT.
Webcast Availability: The presentation will be available via webcast on the conference host's website.
IDEAS Conference Purpose: The IDEAS Investor Conferences aim to provide a platform for quality companies to showcase their investment potential to investment professionals, emphasizing investor sponsorship.
Company Overview: Energy Services of America is based in Huntington, WV, and provides services across various industries, employing over 1,000 staff members with a focus on safety, quality, and production.
Energy Services of America Reports Fiscal Third Quarter 2025 Results
Financial Performance: Energy Services of America Corporation reported a revenue increase of 21% to $103.6 million for the fiscal third quarter ending June 30, 2025, despite a decline in gross profit and net income compared to the previous year.
Business Outlook: The company remains optimistic about future growth opportunities in electrical, mechanical, and general construction sectors, bolstered by a backlog of $304.4 million and ongoing projects in water and wastewater management.
