Energy Services of America stock gets USD 6.95 million FAMCO deal

Published on 10/07/2026 at 00:56 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Energy Services of America stock posted fiscal Q3 revenue of USD 130.0 million on June 30, 2026, up 25.5 percent year over year. A USD 0.04 dividend is payable October 15.

ESOA, US29271Q1031, Illustration mit AI erstellt.

Energy Services of America stock (ISIN US29271Q1031) was last at USD 11.00 on Nasdaq on October 5, 2026 at 4:00 p.m. ET, down 0.09 percent from the previous close. The company has put a USD 6.95 million utility acquisition at the center of its latest investor story.

FAMCO deal adds utility assets

According to StockTitan on October 1, 2026, Energy Services agreed to acquire substantially all operating assets of FAMCO, a West Virginia contractor focused on water and sewer infrastructure, for a USD 6.95 million base price.

The payment structure gives the transaction a clear financing angle. Three-eighths of the consideration is payable in cash, one-half in Energy Services common stock and one-eighth withheld for a post-closing true-up, according to the same StockTitan filing. The filing gives October 9, 2026 as the anticipated closing date, subject to applicable conditions, while the stock component creates potential dilution for existing holders.

Revenue reaches USD 130.0 million

Energy Services reported fiscal third-quarter revenue of USD 130.0 million for the period ended June 30, 2026, up 25.5 percent from USD 103.6 million a year earlier. StockTitan reported net income of USD 3.3 million, or diluted EPS of USD 0.18, compared with USD 2.1 million and USD 0.12 in the prior-year quarter.

Gross profit rose to USD 14.3 million, but gross margin declined to 11.0 percent from 11.6 percent. Adjusted EBITDA increased to USD 8.3 million from USD 6.5 million, showing that the revenue gain reached operating earnings even as project-level margins came under pressure.

Consensus target stands above USD 27.50

MarketScreener lists a Buy consensus from 2 analysts and an average price target of USD 27.50. Against the USD 11.00 reference price, that target lies 150.0 percent above the stock, making the consensus figure considerably more aggressive than the latest market valuation.

The company also declared a quarterly cash dividend of USD 0.04 per share on September 17, 2026, payable October 15, 2026, according to StockTitan. The dividend adds a cash-return element while the FAMCO transaction broadens the company's water and utility construction footprint.

ESOA stock stays near USD 11

Energy Services of America stock was last at USD 11.00 on Nasdaq on October 5, 2026 at 4:00 p.m. ET, with a market capitalization of USD 205.4 million and volume of 69,387 shares.