ENGlobal

ENGlobal Corp. engages in the provision of engineered modular solutions to the energy industry. It operates through the following segments: Commercial, Government, and Others. The Government segment include services related to the engineering, design, installation, and maintenance of automated fuel handling and tank gauging systems for the U.S. military across the globe. The Commercial segment relates to renewables, automation, and oil, gas, and petrochemical groups. The company was founded by William A. Coskey in 1985 and is headquartered in Houston, TX.

Earnings data Q1 2024

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

HOUSTON, TX / ACCESSWIRE / March 28, 2024 / ENGlobal Corporation (NASDAQ:ENG), a provider of innovative engineering project solutions focused on the energy industry, announced that it will file its 2023 annual report on Form 10-K with the U.S. Securities and Exchange Commission for the year ended December 30, 2023 no later than Friday. The report details ENGlobal's financial and operational results.

ENGlobal Announces Full Year 2023 Financial and Operating Results

Cool Co Ltd

Empire Petroleum Corp

Hallador Energy

Vertex Energy

The most oversold stocks in the energy sector presents an opportunity to buy into undervalued companies.

Top 5 Energy Stocks That May Explode In February

HOUSTON, TX / ACCESSWIRE / December 19, 2023 / ENGlobal Corporation ("ENGlobal" or the "Company") (NASDAQ:ENG), a provider of innovative engineering project solutions for the energy industry, today announced that the Company received notice from The Nasdaq Stock Market, LLC ("Nasdaq"), dated December 15, 2023, informing ENGlobal that it has regained compliance with the minimum bid price requirement as set forth under Nasdaq Listing Rule 5550(a)(2) for continued listing on Nasdaq. As previously disclosed, on December 21, 2022, Nasdaq notified the Company that its common stock failed to maintain a minimum bid price of $1.00 over the previous 30 consecutive business days as required by the Nasdaq listing rules.

ENGlobal Regains Compliance with Nasdaq Minimum Bid Price Requirement

HOUSTON, TX / ACCESSWIRE / November 29, 2023 / ENGlobal Corporation (NASDAQ:ENG), a provider of innovative engineering project solutions focused on the energy industry, today announced that it will effect a one-for-eight reverse split of its common stock, effective at 11:59 pm, Eastern Standard Time, on November 30, 2023 (the "Effective Time"). The reverse stock split is intended to increase the per share trading price of the Company's common stock to satisfy the minimum bid price requirement for continued listing on The Nasdaq Capital Market.

ENGlobal Announces Reverse Stock Split, Nasdaq Communication Regarding Stockholders' Equity

HOUSTON, TX / ACCESSWIRE / November 13, 2023 / ENGlobal Corporation (NASDAQ:ENG), a provider of innovative engineering project solutions focused on the energy industry, today announced it has filed its third quarter report on Form 10-Q with the U.S. Securities and Exchange Commission for the quarter ended September 30, 2023. The report details ENGlobal's third quarter financial and operational results.

ENGlobal Announces Third Quarter 2023 Financial and Operating Results

HOUSTON, TX / ACCESSWIRE / August 10, 2023 / ENGlobal Corporation (NASDAQ:ENG), a provider of innovative engineering project solutions for the energy industry, today announced that it has filed its second quarter report on Form 10-Q with the U.S. Securities and Exchange Commission for the quarter ended July 1, 2023. The report details ENGlobal's second quarter financial and operational results.

ENGlobal Announces Second Quarter 2023 Financial and Operating Results

HOUSTON, TX / ACCESSWIRE / July 3, 2023 / ENGlobal Corporation's (NASDAQ:ENG) 2023 annual shareholders' meeting was held on June 29, 2023 in Houston. Approximately 62% of ENGlobal's total common stock outstanding was represented at the meeting, either in person or by proxy.

ENGlobal Announces Annual Meeting Results

HOUSTON, TX / ACCESSWIRE / June 28, 2023 / ENGlobal Corporation (Nasdaq:ENG), a leading provider of innovative engineering project solutions for the energy industry, today announced it had received notification from the NASDAQ Stock Market ("NASDAQ") indicating that the Company will have an additional 180-day grace period, or until December 18, 2023, to regain compliance with NASDAQ's $1.00 minimum bid requirement. The notification indicated that the Company did not regain compliance during the initial 180-day grace period provided under the rule.

ENGlobal Corporation Granted 180-Day Extension by NASDAQ to Regain Compliance with Minimum Bid Price Rule

HOUSTON, TX / ACCESSWIRE / June 20, 2023 / ENGlobal Corporation (NASDAQ:ENG) ("ENGlobal" or the "Company"), a leading provider of innovative engineering project solutions for the energy industry, today announced that it has repaid its credit facility with Pacific Western Business Finance in full and entered into a new credit agreement with Alliance 2000, Ltd., the family limited partnership of ENGlobal Executive Chairman William A.

ENGlobal Announces Payoff of Pacific Western Credit Facility, New Credit Agreement and Operational Update

HOUSTON, TX / ACCESSWIRE / May 17, 2023 / ENGlobal Corporation (NASDAQ:ENG), a leading provider of innovative engineering project solutions for the energy industry, today announced that it has filed its first quarter report on Form 10-Q with the U.S. Securities and Exchange Commission for the three-months ended April 1, 2023. The report details ENGlobal's first quarter financial and operational results.

ENGlobal Announces First Quarter 2023 Financial and Operating Results

HOUSTON, TX / ACCESSWIRE / April 24, 2023 / ENGlobal Corporation (NASDAQ:ENG), a leading provider of innovative project delivery solutions for the energy industry, today announced that Meg Lassarat, a 30-year finance veteran of the energy engineering and services industries, has joined the Company's Board of Directors. "I am delighted to welcome Meg Lassarat to the ENGlobal Board of Directors and look forward to her immediate contribution to our efforts to reposition the Company as a leading project engineering company," said William A.

Veteran Engineering Finance Executive Meg Lassarat Joins ENGlobal Corporation Board of Directors

HOUSTON, TX / ACCESSWIRE / April 20, 2023 / ENGlobal (NASDAQ:ENG), a leading provider of innovative project delivery solutions for the energy industry, today announced that Mark Hess, the Company's former Chief Executive Officer, has notified the Company of his decision to retire, effective April 20, as a member of ENGlobal's Board of Directors. "I have truly enjoyed my time at ENGlobal, both as an executive and a member of the Board of Directors," said Hess.

ENGlobal's Mark Hess Announces Retirement from Board of Directors

Alto Ingredients

Aemetis

Gevo

U.S. Energy

Top 5 Energy Stocks Which Could Rescue Your Portfolio This Month - Alto Ingredients (NASDAQ:ALTO), Aemetis (NASDAQ:AMTX)

HOUSTON, TX / ACCESSWIRE / March 31, 2023 / ENG (NASDAQ:ENG), a leading provider of innovative engineering project solutions for the energy industry, today announced that it has filed its annual report on Form 10-K with the U.S. Securities and Exchange Commission for the year ended December 31, 2022. The report details ENGlobal's annual financial and operational results.

ENGlobal Announces 2022 Financial and Operating Results

Borr Drilling Ltd

Diamond Offshore Drilling Inc

Dawson Geophysical

Enservco

Flotek Industries

Geospace Technologies

Independence Contract Drilling

KLX Energy Services Holdings Inc

NexTier Oilfield Solutions Inc

Natural Gas Services Group

VanEck Vectors Oil Services ETF

Transocean

Cactus

SPDR S&P Oil & Gas Equipment & Services ETF

Given economic uncertainty and volatility in energy markets, I believe cautious oilfield services investors will want to avoid the highest risk investments in the sector. 58 oilfield services providers were screened for profitability based on net income margin; 26 were not profitable over the previous twelve months.

The Riskiest Investments In Oilfield Services

HOUSTON, TX / ACCESSWIRE / February 13, 2023 / ENG (NASDAQ:ENG), a leading provider of innovative project delivery solutions for the energy industry, today announced that former CEO, co-founder and current Chairman William A. Coskey, P.E.

Former ENG Chief Executive Officer William Coskey Returns to Company

HOUSTON, TX / ACCESSWIRE / February 6, 2023 / ENG (NASDAQ:ENG), a leading provider of innovative project delivery solutions for the energy industry, today announced that ENG and RETI are working diligently on developing the FEED (Front End Engineering and Design) for the Sustainable Aviation Fuel (SAF) and Renewable Diesel (RD) project in Calgary. Some details in our Press Release from February 1, 2023 were released pre-maturely and will be corrected in a future Press Release when more details are available.

ENG Updates Renewable Fuels Feed Project

HOUSTON, TX / ACCESSWIRE / February 2, 2023 / ENGlobal Corporation (NASDAQ:ENG) ("ENGlobal" or the "Company"), a leading provider of complete project solutions for renewable and traditional energy, today announced that it has entered into a definitive agreement with a single institutional investor for the purchase and sale of 3,971,000 shares of its common stock (the "Shares"), in a registered direct offering (the "Offering") and warrants to purchase up to 3,971,000 shares of its common stock (the "Warrants"), in a concurrent private placement (the "Private Placement"). The combined purchase price for one Share and one Warrant will be $0.85.

ENGlobal Announces $3.4 Million Registered Direct Offering and Concurrent Private Placement

HOUSTON, TX / ACCESSWIRE / February 1, 2023 / ENG (NASDAQ:ENG), a leading provider of innovative project delivery solutions for the energy industry, today announced it has received an award valued at over $9 million from Calgary-based Reconciliation Energy Transition Inc. (RETI) to perform the front-end engineering and design ("FEED") work for a 6,500 barrel per day (bpd) sustainable aviation fuel (SAF) and renewable diesel (RD) project as part of RETI's Calgary Region Green Energy Industrial Park. The project, awarded to ENG on January 27, will commence immediately and is expected to be completed this year.

ENG Receives Award for Renewable Fuels Feed Project Valued at Over $9 Million

HOUSTON, TX / ACCESSWIRE / November 30, 2022 / ENG (NASDAQ:ENG), a leading provider of innovative project delivery solutions for the energy industry, today said that six contract awards announced on the company's November 8, 2022 third quarter results conference call will produce minimum combined revenue of over $12 million, most of which will be recognized in this year's fourth quarter. The awards, which were received thus far in the fourth quarter, include: Construction installation services related to two solar farm projects in Texas; Signing of a master services agreement (MSA) with a leading integrated oil services company (IOC) resulting in construction and fabrication services for produced water booster station upgrade projects; Construction of remote instrument enclosures for a leading IOC in Houston; Construction and fabrication services for multiple compressor station upgrade projects in West Texas; and Engineering, procurement and construction services for a methanol prover and metering upgrade, compression station upgrades, fabrication of separators and related piping for multiple midstream oil and gas operators out of West Texas and New Mexico.

ENG Provides Revenue Update on Recently Announced Q4 Contracts

ENGlobal Corporation (NASDAQ:ENG ) Q3 2022 Earnings Conference Call November 8, 2022 9:00 AM ET Company Participants Rick Eisenberg – Media Relations Director-Eisenberg Communications Darren Spriggs – Chief Financial Officer Roger Westerlind – President Mark Hess – Chief Executive Officer Conference Call Participants Jeffrey Campbell – Alliance Global Partners Rob Brown – Lake Street Capital Operator Good morning, and welcome to the ENG 2022 Third Quarter Financial Results Conference call. At the request of ENG, today's call is being recorded and will be available for replay on the Investor Relations section of the company's corporate website, www.englobal.com.

ENGlobal Corporation (ENG) Q3 2022 Earnings Call Transcript

HOUSTON, TX / ACCESSWIRE / October 26, 2022 / ENG (NASDAQ:ENG), a leading provider of innovative project delivery solutions for the energy industry, today announced that management will host a conference call on Tuesday, November 8, 2022 at 9:00 am Eastern time to discuss the company's third quarter 2022 financial results, which will be announced at 8:00 am Eastern time that day. CEO Mark Hess, CFO Darren Spriggs, and President Roger Westerlind will cover ENG's Q3 2022 highlights, provide updates on potential contract awards, and discuss the company's growth outlook for the remainder of 2022.

ENG to Announce Q3 2022 Results and Host Conference Call on November 8

HOUSTON, TX / ACCESSWIRE / September 28, 2022 / ENG (NASDAQ:ENG), a leading provider of innovative project delivery solutions for the traditional and green energy sectors, today announced the opening of a new state-of-the-art American Society of Mechanical Engineers ("ASME") certified fabrication facility in Brookshire, Texas. This facility, an addition to ENG's ASME certified fabrication facility in Henderson, Texas, will add significant capacity to meet existing client demand for the company's engineering, procurement, automation, fabrication, and construction services, as well as enable ENG to satisfy increasing client demand for these services across all markets.

ENG Opens New Fabrication Facility In Brookshire, Texas

DMC Global

ChampionX

Core Laboratories Inc

Forum Energy Technologies

Gulf Island Fabrication

Helix Energy Solutions Group

Liberty Oilfield Services

Noble Corp PLC

Newpark Resources

Profire Energy

Schlumberger

U.S. Silica Holdings

Smart Sand

Tenaris S.A.

Valaris Ltd

Bristow Group Inc. 

Even though energy has been the best performing sector of the year by a large margin, deep values remain in under-covered and small cap oilfield services. Fifty-three oilfield service equities were evaluated using a value matrix including factors for value, growth, profitability, ownership, and debt.

Oil Field Services: Value Matrix, Momentum, And Market Cap Analysis

HOUSTON, TX / ACCESSWIRE / September 1, 2022 / ENG (NASDAQ:ENG), a leading provider of innovative project delivery solutions, today announced that its wholly owned subsidiary, ENGlobal Government Services, Inc. ("EGS"), has been awarded its first task order, referred to as the Seed Project, valued at approximately $2.6 million, under a $20 million IDIQ contract with the US Army Corps of Engineers ("USACE") announced on August 18. As per the task order, EGS will provide engineering and technology services to support and upgrade control system installations at hydroelectric facilities within the USACE's South Atlantic region.

ENG Awarded $2.6 Million Task Order From $20 Million Contract with US Army Corps of Engineers

News for ENGlobal Stock (ENG)