$ESOA

Energy Services of America CORP

CIK:0001357971|SEC Filings

Consolidated Statements of Income - USD ($)	3 Months Ended		9 Months Ended
Consolidated Statements of Income - USD ($)	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Consolidated Statements of Income
Revenue	$ 130,005,928	$ 103,601,585	$ 337,291,570	$ 280,926,850
Cost of revenue	115,688,703	91,618,987	298,748,217	258,602,810
Gross profit	14,317,225	11,982,598	38,543,353	22,324,040
Selling and administrative expenses	9,685,305	8,814,545	27,940,257	25,602,253
Income (loss) from operations	4,631,920	3,168,053	10,603,096	(3,278,213)
Other nonoperating expense	(118,403)	(38,529)	(315,268)	(107,407)
Interest expense	(486,914)	(781,198)	(2,098,600)	(2,140,686)
Gain on sale of equipment	5,097	(128,710)	93,846	50,532
Other nonoperating (expense) income, Total	(600,220)	(948,437)	(2,320,022)	(2,197,561)
Income (loss) before income taxes	4,031,700	2,219,616	8,283,074	(5,475,774)
Income tax expense (benefit)	745,041	137,987	2,075,386	(1,612,718)
Net (loss) income	$ 3,286,659	$ 2,081,629	$ 6,207,688	$ (3,863,056)
Weighted average shares outstanding-basic (in shares)	18,622,477	16,625,761	17,614,419	16,644,028
Weighted average shares-diluted (in shares)	18,659,624	16,666,135	17,653,687	16,644,028
Earnings (loss) per share available to common shareholders - basic (in dollar per share)	$ 0.18	$ 0.13	$ 0.35	$ (0.23)
Earnings (loss) per share available to common shareholders - diluted (in dollar per share)	$ 0.18	$ 0.12	$ 0.35	$ (0.23)

Consolidated Statements of Cash Flows - USD ($)	9 Months Ended
Consolidated Statements of Cash Flows - USD ($)	Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities:
Net income (loss)	$ 6,207,688	$ (3,863,056)
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation expense	10,092,079	8,713,445
Accreted interest on PPP loans	74,504	74,718
Gain on sale of equipment	(93,846)	(50,532)
Provision for deferred taxes	1,521,153	(1,753,681)
Vested restricted stock award compensation	75,347	58,888
Tax settlement on shares repurchased	(15,773)
Amortization of intangible assets	1,020,081	459,259
Accreted interest on note payable	5,850	45,000
Decrease in accounts receivable-trade	11,441,099	4,000,870
Increase in retainage receivable	(2,856,738)	(1,808,157)
(Increase) decrease in other receivables	(126,814)	1,366,200
Increase in contract assets	(9,446,127)	(373,797)
Increase in prepaid expenses and other	(1,118,045)	(474,150)
Decrease in accounts payable	(66,978)	(2,797,474)
Increase (decrease) in accrued expenses and other current liabilities	3,979,065	(203,738)
(Decrease) increase in contract liabilities	(1,152,259)	10,028,162
Net cash provided by operating activities	19,540,286	13,421,957
Cash flows from investing activities:
Investment in property and equipment	(7,605,373)	(9,101,722)
Acquisition of Tribute Contracting & Consultants		(20,783,224)
Proceeds from sales of property and equipment	483,083	724,961
Net cash used in investing activities	(7,122,290)	(29,159,985)
Cash flows from financing activities:
Proceeds from long-term debt		19,676,024
Borrowings on lines of credit and short term debt, net of (repayments)	(12,500,000)	7,073,976
Treasury stock purchased	(847,818)	(844,230)
Cash dividend on common stock	(1,057,394)	(1,002,668)
Proceeds from capital raise, net of discounts and fees	21,231,333
Principal payments on long-term debt	(16,805,595)	(6,752,876)
Net cash (used in) provided by financing activities	(9,979,474)	18,150,226
Increase in cash and cash equivalents	2,438,522	2,412,198
Cash and cash equivalents beginning of period	12,241,408	12,926,036
Cash and cash equivalents end of period	14,679,930	15,338,234
Supplemental schedule of noncash investing and financing activities:
Purchases of property & equipment under financing agreements	2,352,385	1,340,563
Net operating lease right-of-use assets received in exchange for operating lease liabilities	2,290,315	669,056
Common dividends declared but not paid	744,961	501,555
Common stock issued in Tribute Contracting & Consultants acquisition		2,000,000
Cash paid during the year for:
Interest	1,933,802	1,942,786
Income taxes	$ 405,263	$ 1,997,969

Consolidated Balance Sheets - USD ($)	Jun. 30, 2026	Sep. 30, 2025
Current assets
Cash and cash equivalents	$ 14,679,930	$ 12,241,408
Accounts receivable-trade	65,065,372	76,570,064
Allowance for doubtful accounts	(458,023)	(521,616)
Retainages receivable	18,906,295	16,049,557
Other receivables	1,230,501	1,103,687
Contract assets	43,901,138	34,455,011
Prepaid expenses and other	6,143,521	5,025,476
Total current assets	149,468,734	144,923,587
Property, plant and equipment, at cost	123,463,832	115,448,972
less accumulated depreciation	(70,519,423)	(61,981,005)
Total property and equipment, net	52,944,409	53,467,967
Right-of-use assets-operating lease	3,379,423	2,054,615
Intangible assets, net	3,875,002	4,895,083
Goodwill	9,865,804	9,865,804
Total assets	219,533,372	215,207,056
Current liabilities
Current maturities of long-term debt	9,029,768	11,546,816
Lines of credit and short-term borrowings	10,475,870	10,401,366
Current maturities of operating lease liabilities	1,426,561	1,061,021
Accounts payable	30,665,545	30,732,523
Accrued expenses and other current liabilities	20,631,646	15,918,593
Contract liabilities	27,166,506	28,318,765
Total current liabilities	99,395,896	97,979,084
Long-term debt, less current maturities	25,825,719	50,256,031
Long-term operating lease liabilities, less current maturities	1,952,862	982,621
Deferred tax liability	8,274,680	6,753,527
Total liabilities	135,449,157	155,971,263
Shareholders' equity
Common stock, $.0001 par value Authorized 50,000,000 shares, 18,659,181 shares issued (net of treasury shares) and 18,624,017 shares outstanding (excluding 35,164 shares from unvested stock awards) at June 30, 2026 and 16,748,702 shares issued (net of treasury shares) and 16,715,026 shares outstanding (excluding 33,676 unvested shares from restricted stock awards) at September 30, 2025	2,013	1,813
Treasury stock, 1,502,236 shares at June 30, 2026 and 1,396,120 shares at September 30, 2025	(154)	(143)
Additional paid in capital	82,893,314	62,450,414
Retained earnings (deficit)	1,189,042	(3,216,291)
Total shareholders' equity	84,084,215	59,235,793
Total liabilities and shareholders' equity	$ 219,533,372	$ 215,207,056