News & Updates

Huntington, WV – June 11, 2024 – Energy Services of America Corporation (the “Company” or “Energy Services”) (Nasdaq: ESOA), will present at the East Coast IDEAS Investor Conference on Thursday, June 13, 2024, at Jay Conference – Bryant Park in New York, NY. The Company’s presentation is scheduled to begin at 11:30 am ET. The presentation is webcast and can be accessed through the conference host’s main website: https://www.threepartadvisors.com/east-coast and the company’s website.

About IDEAS Investor Conferences
The mission of the IDEAS Conferences is to provide independent regional venues for quality companies to present their investment merits to an influential audience of investment professionals. Unlike traditional bank-sponsored events, IDEAS Investor Conferences are “SPONSORED BY INVESTORS. FOR INVESTORS.” and for the benefit of regional investment communities. Conference sponsors collectively have more than $200 billion in assets under management and include 1102 Partners, Adirondack Research and Management, Allianz Global Investors: NFJ Investment Group, Ariel Investments, Aristotle Capital Boston, Ascend Wealth Advisors, Barrow Hanley Mewhinney & Strauss, BMO Global Asset Management, Constitution Research & Management, Inc., Diamond Hill, First Wilshire Securities Management, Inc., Granahan Investment Management, Great Lakes Advisors, Greenbrier Partners Capital Management, LLC, Hodges Capital Management, Ironwood Investment Management, Keeley Teton Advisors, Luther King Capital Management, Marble Harbor Investment Counsel, North Star Investment Management, Perritt Capital Management, Punch & Associates, Shepherd Kaplan Krochuk, Westwood Holdings Group, Inc., and William Harris Investors.
The IDEAS Investor Conferences are held annually and are produced by Three Part Advisors, LLC. Additional information about the events can be located at www.IDEASconferences.com.
If interested in participating or learning more about the IDEAS conferences, please contact Lacey Wesley at (817) 769 -2373 or lWesley@IDEASconferences.com.

About Energy Services
Energy Services of America Corporation (NASDAQ: ESOA), headquartered in Huntington, WV, is a contractor and service company that operates primarily in the mid-Atlantic and Central regions of the United States and provides services to customers in the natural gas, petroleum, water distribution, automotive, chemical, and power industries. Energy Services employs 1,000+ employees on a regular basis. The Company’s core values are safety, quality, and production.

Contacts:
Three-Part Advisors
Steven Hooser, Partner
John Beisler, Managing Director
214-872-2710

HUNTINGTON, W.Va., March 6, 2024 /PRNewswire/ — Energy Services of America Corporation (the “Company” or “Energy Services”) (Nasdaq: ESOA), today announced it has retained Three Part Advisors, LLC (“TPA”), a rapidly growing, full-service investor relations consulting firm.

“We have retained Three Part Advisors to help us better connect with our shareholders and enhance our communication efforts,” commented Douglas Reynolds, President, and CEO. “TPA has a strong reputation for working with great companies and will be instrumental in proactively increasing awareness and educating investors about the significant opportunities that lie ahead for our Company as we work to unlock value for our shareholders.”

Three-Part Advisors will work directly with management to develop and execute a comprehensive, strategic investor relations program that focuses on educating investors and increasing exposure within the investment community. In addition to providing investor relations consulting services, Three Part Advisors also produces IDEAS Conferences, which are annual independent regional investor conferences that attract more than 150 quality presenting companies and more than 1,000 investors and analysts annually.

“We are excited to work with Energy Services of America Corporation on its investor relations program,” said Steven Hooser, Partner at Three Part Advisors. “Their story is compelling and in many ways has gone under the radar within the investment community. Energy Services is laser-focused on delivering superior service with an emphasis on employee and environmental safety and is well-positioned to generate solid returns. We look forward to presenting their story to existing and future investors.”

About Energy Services

Energy Services of America Corporation (NASDAQ: ESOA), headquartered in Huntington, WV, is a contractor and service company that operates primarily in the mid-Atlantic and Central regions of the United States and provides services to customers in the natural gas, petroleum, water distribution, automotive, chemical, and power industries. Energy Services employs 1,000+ employees regularly. The Company’s core values are safety, quality, and production.

About Three Part Advisors, LLC

Three Part Advisors, LLC provides independent research, investor relations, and corporate development consulting services. The firm has a proven record of assisting public company clients to increase trading liquidity and decrease stock price volatility, which ultimately impacts total valuation and lowers the cost of capital. Three-Part Advisors’ professionals design custom investor relations programs to improve visibility, develop the right message, and attract the right investors for clients’ current goals and strategic vision. More information is available at www.threepa.com

SOURCE Energy Services of America Corporation

Huntington, WV February 12, 2024- Energy Services of America Corporation (the “Company” or “Energy Services”) (Nasdaq: ESOA), generated a net income of $2.0 million, fully diluted earnings per share of $0.12, revenues of $90.2 million, and adjusted EBITDA of $5.8 million for the three months ended December 31, 2023. The Company had a backlog of $185.9 million (unaudited) on December 31, 2023, as compared to $206.9 million (unaudited) on December 31, 2022.

Douglas Reynolds, President, commented on the announcement. “The financial results for the three months ended December 31, 2023 mark the best first fiscal quarter in the history of Energy Services. We continue to be impressed by our employees’ performance and are excited about the construction opportunities being received.” Reynolds continued, “Fiscal year 2024 is off to a great start and we are looking forward to providing superior services to our customers and maximizing shareholder value into the future.”

Please find the full press release and a reconciliation of non-GAAP financial measures here https://www.sec.gov/Archives/edgar/data/1357971/000110465924014684/tm245760d1_ex99-1.htm

Use of Non-GAAP Financial Measures
In addition to the financial measures prepared in accordance with U.S. generally accepted accounting principles (GAAP), this press release contains certain non-GAAP financial measures. The reconciliations of these non-GAAP financial measures to the most directly comparable GAAP measures and other information relating to these measures are included herein. We include these measurements to enhance the understanding of our operating performance. We believe that Adjusted EBITDA as presented herein, considered along with net income (loss), is a relevant indicator of trends relating to the cash-generating activity of our operations. We believe that excluding the costs herein provides a consistent comparison of the cash-generating activity of our operations. We believe that Adjusted EBITDA is useful to investors as they facilitate a comparison of our operating performance to other companies who also use Adjusted EBITDA as supplemental operating measures. Non-GAAP financial measures have limitations as analytical tools and should not be considered in isolation or as a substitute for our financial results prepared in accordance with GAAP.

About Energy Services
Energy Services of America Corporation (NASDAQ: ESOA), headquartered in Huntington, WV, is a contractor and service company that operates primarily in the mid-Atlantic and Central regions of the United States and provides services to customers in the natural gas, petroleum, water distribution, automotive, chemical, and power industries. Energy Services employs 1,000+ employees on a regular basis. The Company’s core values are safety, quality, and production.
Forward-Looking Statements
Certain statements contained in the release including, without limitation, the words “believes,” “anticipates,” “intends,” “expects” or words of similar import, constitute “forward-looking statements” within the meaning of section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Such forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance, or achievements of the Company expressed or implied by such forward-looking statements. Such factors include, among others, general economic and business conditions, changes in business strategy or development plans, the effect of the COVID-19 pandemic, the integration of acquired business and other factors referenced in this release, risks and uncertainties related to the restatement of certain of our historical consolidated financial statements. Given these uncertainties, prospective investors are cautioned not to place undue reliance on such forward-looking statements. The Company disclaims any obligation to update any such factors or to publicly announce the results of any revisions to any of the forward-looking statements contained herein to reflect future events or developments.
Source: Energy Services of America Corporation

Energy Services of America Announces Financial Results for the Fiscal Year Ended September 30, 2023

Huntington, WV December 18, 2023- Energy Services of America Corporation (the “Company” or “Energy Services”) (Nasdaq: ESOA), generated net income of $7.4 million, fully diluted earnings per share of $0.44, revenues of $304.1 million, and adjusted EBITDA of $20.8 million for the twelve months ended September 30, 2023. The Company had a backlog of $229.8 million (unaudited) on September 30, 2023, as compared to $142.3 million (unaudited) on September 30, 2022.

Douglas Reynolds, President, commented on the announcement. “The financial results for the fiscal year ended September 30, 2023 are the best in the history of Energy Services. We are very proud of what our employees were able to accomplish and appreciate the support of our loyal shareholders.” Reynolds continued, “We have a backlog of $229.8 million (unaudited) on September 30, 2023 and look forward to continuing our success into fiscal year 2024.”

Please see the full earnings release along with the forward-looking and non-GAAP financial measure disclosures by clicking ” Read Article” Below.

Huntington, WV November 16, 2023- Energy Services of America (the “Company” or “Energy Services”) (Nasdaq: ESOA), announced that on November 15, 2023, the Company’s board of directors declared an annual cash dividend of $0.06 per common share payable on January 2, 2024 to shareholders of record as of December 15, 2023.

Douglas Reynolds, President, commented on the announcement. “The Board of Directors of Energy Services would like to extend its appreciation to our shareholders as we continue to find ways to improve the Company and your return on investment. We believe the announcement of this dividend shows our commitment to provide value to our shareholders based on our strong financial position.”

About Energy Services

Energy Services of America Corporation (NASDAQ: ESOA), headquartered in Huntington, WV, is a contractor and service company that operates primarily in the mid-Atlantic and Central regions of the United States and provides services to customers in the natural gas, petroleum, water distribution, automotive, chemical, and power industries. Energy Services employs 1,000+ employees on a regular basis. The Company’s core values are safety, quality, and production.

Certain statements contained in the release including, without limitation, the words “believes,” “anticipates,” “intends,” “expects” or words of similar import, constitute “forward-looking statements” within the meaning of section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Such forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance, or achievements of the Company expressed or implied by such forward-looking statements. Such factors include, among others, general economic and business conditions, changes in business strategy or development plans, the effect of the COVID-19 pandemic, the integration of acquired business and other factors referenced in this release, risks and uncertainties related to the restatement of certain of our historical consolidated financial statements. Given these uncertainties, prospective investors are cautioned not to place undue reliance on such forward-looking statements. The Company disclaims any obligation to update any such factors or to publicly announce the results of any revisions to any of the forward-looking statements contained herein to reflect future events or developments.

Source: Energy Services of America

Contact: Douglas Reynolds, President

https://www.wsaz.com/2023/10/20/groundbreaking-ceremony-held-nucor-steel-west-virginia/

By Curtis Johnson
Published: Oct. 20, 2023 at 12:54 PM EDT
APPLE GROVE, W.Va. (WSAZ) — Nucor held its official groundbreaking ceremony Friday for its new scrap-fed electric arc furnace steel sheet mill to be located in the Mason County community of Apple Grove.

Samantha Saunders is an Apple Grove native and aspiring engineer. The company’s announcement, in 2022, that it would locate in her hometown prompted her to call its corporate office. Now she is a paid intern for the company with big dreams.

“This area, it’s my home and it’s really what I love, but the opportunities are slim,” she told WSAZ NewsChannel 3. “When this project was announced, it’s like my ‘Ah-ha’ moment. Like, ‘This is it.’ You know this is a great opportunity.”

Friday’s event featured remarks from Nucor executives and federal, state and local elected officials.

“People are going to see an explosion they can’t even imagine,” U.S. Sen. Joe Manchin, D-W.Va., told WSAZ.

The line of people holding shovels at the groundbreaking ceremony was the length of seven football fields, an official world record as adjudicated Friday by Guinness World Records.

Nucor recently received the final permit it needed to begin construction on its $3.1 billion steel mill.

It will be Nucor’s seventh steel mill, helping the Fortune 500 company reach its largest markets in the Midwest and Northeast.

“We build a facility, where we want to make a home. We look for communities that share Nucor’s values of family, trust and teamwork,” Rex Query, Nucor’s executive vice president for sheet products and talent resources, told attendees.

Query estimates every job created at the Nucor mill will create four to five other jobs in the area. At 800 full-time positions when production begins, that could mean big things for Mason County.

“It’s going to help the schools, it’s going to help the tax base, which means better infrastructure,” U.S. Sen. Shelley Moore Capito, R-W.Va., told WSAZ. “There’s already plans — restaurants being opened, there’s going to be more hotel space here because there’s going to be visiting people to come in and see. It’s just the sky’s the limit.”

The company has already established construction offices, temporary housing for construction workers and continues doing site prep work, but it couldn’t begin construction at the site until it had received that last permit.

For Saunders, who remembers driving past the empty field every day to high school, “it’s a hope for tomorrow, if nothing else. I really can’t wait to see what this does for the area.”

Company officials said work will begin immediately following the groundbreaking on what is expected to be two years of construction. It is expected to create 2,000 construction jobs.

New York City, NY   September 28, 2023- Energy Services of America Corporation (the “Company” or “Energy Services”) (Nasdaq: ESOA), hosted a non-deal roadshow at the Penn Club of NY in New York City.  During management’s trip, Douglas Reynolds, President, and Charles Crimmel, Chief Financial Officer, were able to meet with a few of the Company’s shareholders and other financial industry professionals.

The investor relations profile prepared for the occasion can be accessed from the stockholders’ menu on the Company’s website.

Huntington, WV   August 14, 2023- Energy Services of America Corporation (the “Company” or “Energy Services”) (Nasdaq: ESOA), generated net income of $3.4 million, fully diluted earnings per share of $0.21, revenues of $85.5 million, and adjusted EBITDA of $7.5 million for the three months ended June 30, 2023.  The Company had a backlog of $185.9 million (unaudited) at June 30, 2023, as compared to $142.3 million (unaudited) and $135.0 million (unaudited) at September 30, 2022 and June 30, 2022, respectively.

Douglas Reynolds, President, commented on the announcement. “We are very pleased with the results for our quarter ended June 30, 2023.  The $85.5 million in revenue is the largest amount generated in any quarter by the Company in its history.  Additionally, the $3.4 million in net income for the quarter is the second largest in the Company’s history behind only the fourth quarter of fiscal year 2020.  During the first six months of fiscal year 2023, we made an investment in personnel to increase business opportunities.  We are starting to see the results of that investment with the quarter ended June 30, 2023.”  Reynolds continued, “We have a backlog of $185.9 million (unaudited) at June 30, 2023 and continue to see opportunities across all of our business lines.  We are looking forward to a strong close of fiscal year 2023 and continuing to grow the Company in fiscal year 2024.”

Please see the Company’s full press release filed on August 14, 2023 for comparative income statements for the three and nine months ended June 30, 2023 and 2022 and a reconciliation of adjusted EBITDA.

https://www.sec.gov/Archives/edgar/data/1357971/000110465923091422/tm2323728d1_ex99-1.htm

Use of Non-GAAP Financial Measures

In addition to the financial measures prepared in accordance with U.S. generally accepted accounting principles (GAAP), this press release contains certain non-GAAP financial measures. The reconciliations of these non-GAAP financial measures to the most directly comparable GAAP measures and other information relating to these measures are included herein. We include these measurements to enhance the understanding of our operating performance. We believe that Adjusted EBITDA as presented herein, considered along with net income (loss), is a relevant indicator of trends relating to the cash generating activity of our operations. We believe that excluding the costs herein provides a consistent comparison of the cash generating activity of our operations. We believe that Adjusted EBITDA is useful to investors as they facilitate a comparison of our operating performance to other companies who also use Adjusted EBITDA as supplemental operating measures. Non-GAAP financial measures have limitations as analytical tools and should not be considered in isolation or as a substitute for our financial results prepared in accordance with GAAP.

  About Energy Services

 Energy Services of America Corporation (NASDAQ: ESOA), headquartered in Huntington, WV, is a contractor and service company that operates primarily in the mid-Atlantic and Central regions of the United States and provides services to customers in the natural gas, petroleum, water distribution, automotive, chemical, and power industries. Energy Services employs 1,000+ employees on a regular basis. The Company’s core values are safety, quality, and production.  

Certain statements contained in the release including, without limitation, the words “believes,” “anticipates,” “intends,” “expects” or words of similar import, constitute “forward-looking statements” within the meaning of section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements of the Company expressed or implied by such forward-looking statements. Such factors include, among others, general economic and business conditions, changes in business strategy or development plans, the effect of the COVID-19 pandemic, the integration of acquired business and other factors referenced in this release, risks and uncertainties related to the restatement of certain of our historical consolidated financial statements. Given these uncertainties, prospective investors are cautioned not to place undue reliance on such forward-looking statements. The Company disclaims any obligation to update any such factors or to publicly announce the results of any revisions to any of the forward-looking statements contained herein to reflect future events or developments.