Enservco

Enservco Corp. engages in the provision of services to the domestic onshore oil and natural gas industry. It operates through the Production Services and the Completion and Other Services segments. The Production Services segment includes hot oiling services, acidizing, and pressure testing. The Completion and Other Services segment focuses on frac water heating and other services. The company was founded by Michael D. Herman on February 28, 1980 and is headquartered in Longmont, CO.

Earnings data Q4 2020

Earnings data Q1 2021

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Enservco reports stellar Q1 results, eyes growth through strategic acquisitions

Enservco's Q1 2024 performance demonstrated robust growth in adjusted EBITDA, driven by operational efficiencies and strategic acquisitions. While challenges persist in debt reduction and operational transitions, the company's focus on enhancing financial health and expanding into energy logistics unveils promising opportunities for future growth.

Enservco reports improved Q2 performance, eyes growth in energy logistics

Enservco's Q2 2024 performance reflects positive strides in financial improvement and strategic positioning.
The company's focus on debt reduction, strategic acquisitions, and market repositioning is driving future growth potential.
Challenges lie in executing plans amidst market uncertainties, but opportunities in energy logistics and synergies with Buckshot offer avenues for success.

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DENVER, Sept.  17, 2020  (GLOBE NEWSWIRE) -- Enservco Corporation (NYSE American: ENSV), a diversified national provider of specialized well-site services to the domestic onshore conventional and unconventional oil and gas industries, today announced it has signed a non-binding letter of intent (“LOI”) with East West Bank (“EWB”) to amend its existing senior revolving credit facility to reduce bank debt by $16 million, amend the current facility into a term loan and provide a new working capital revolving line of credit in exchange for equity in Enservco.

Enservco Signs Non-Binding Letter of Intent with Lender to Amend its Senior Revolving Credit Facility for Substantial Debt Reduction, New Working Capital Revolver and Equity

Enservco Corporation (ENSV) CEO Rich Murphy on Q2 2020 Results - Earnings Call Transcript

Company Updates Investors on Progress Toward Refinancing Debt, Including Recent East West Bank Grant of 45 Day Extension to Senior Secured Revolving Credit Facility

Enservco Reports 2020 Second Quarter and Six-Month Financial Results

DENVER, Aug.  11, 2020  (GLOBE NEWSWIRE) -- Enservco Corporation (NYSE American: ENSV), a diversified national provider of specialized well-site services to the domestic onshore conventional and unconventional oil and gas industries, today announced it will release its 2020 second quarter financial results before the market opens on Friday, August 14, 2020.  Management will then host a conference call and webcast to discuss the results and subsequent operational developments. 

Enservco Schedules 2020 Second Quarter Conference Call

DENVER, June  02, 2020  (GLOBE NEWSWIRE) -- Enservco Corporation (NYSE American: ENSV), a diversified provider of specialized well-site services to the domestic onshore conventional and unconventional oil and gas industries, today announced that President and Chief Executive Officer Ian E. Dickinson has resigned from the Company effective May 29, 2020. 

Enservco Announces Departure of CEO Ian E. Dickinson and Appointment of Richard A.

Enservco Corporation (ENSV) CEO Ian Dickinson on Q1 2020 Results - Earnings Call Transcript

DENVER, May  15, 2020  (GLOBE NEWSWIRE) -- Enservco Corporation (NYSE American: ENSV), a diversified national provider of specialized well-site services to the domestic onshore conventional and unconventional oil and gas industries, today reported financial results for its first quarter ended March 31, 2020.

Enservco Reports 2020 First Quarter Financial Results

DENVER, April  21, 2020  (GLOBE NEWSWIRE) -- Enservco Corporation (NYSE American: ENSV), a diversified national provider of specialized well-site services to the domestic onshore conventional and unconventional oil and gas industries, today announced that the NYSE American has extended the period during which the Company can cure its low stock price beyond the previous May 6, 2020, deadline so that the Company can seek shareholder approval for a reverse stock split at its June 26, 2020, annual meeting.  In November 2019 the NYSE American notified Enservco that the Company’s common stock had been selling for a low price per share for a substantial period of time and that continued NYSE American listing was predicated on the Company effecting a reverse stock split of its Common Stock or otherwise demonstrating sustained price improvement no later than May 6, 2020. 

Enservco Receives Extension from NYSE American Regarding Cure Period for Low Stock Price

DENVER, April  16, 2020  (GLOBE NEWSWIRE) -- Enservco Corporation (NYSE American: ENSV), a diversified national provider of specialized well-site services to the domestic onshore conventional and unconventional oil and gas industries, today announced it expects 2020 first quarter revenue to be between $9.3 million and $9.4 million versus revenue of $24.8 million in the first quarter last year.  These preliminary revenue estimates have been adjusted to reflect the discontinuation of water transfer operations in the fourth quarter of 2019.  In addition, net income and adjusted EBITDA for the first quarter are expected to decrease significantly compared to prior-year levels.

Enservco Updates Stockholders on Preliminary First Quarter Financial Results

DENVER, April  10, 2020  (GLOBE NEWSWIRE) -- Enservco Corporation (NYSE American: ENSV), a diversified national provider of specialized well-site services to the domestic onshore conventional and unconventional oil and gas industries, today announced that, as previously disclosed in its recently filed Form 10-K for the year ending December 31, 2019, the Company has received an audit opinion with a going concern qualification.  This additional disclosure is required pursuant to NYSE American listing requirements.

Enservco Receives Audit Opinion with Going Concern Qualification

Enservco Corporation (ENSV) CEO Ian Dickinson on Q4 2019 Results - Earnings Call Transcript

DENVER, Feb.  19, 2020  (GLOBE NEWSWIRE) -- Enservco Corporation (NYSE American: ENSV) (“the Company”), a diversified national provider of specialized well-site services to the domestic onshore conventional and unconventional oil and gas industries, today announced that the NYSE American LLC (the “NYSE American”) has approved the Company’s plan to regain compliance with the NYSE’s continued listing standard related to stockholders’ equity.  Accordingly, Enservco’s common stock will continue to be listed on the NYSE American pursuant to an extension.

NYSE American Exchange Accepts Enservco’s Plan to Regain Compliance with Continued Listing Standard

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DENVER, Dec.  06, 2019  (GLOBE NEWSWIRE) -- Enservco Corporation (NYSE American: ENSV), a diversified national provider of specialized well-site services to the domestic onshore conventional and unconventional oil and gas industries, today announced it has received notification from the NYSE American LLC (the “NYSE American”) indicating that the Company is not in compliance with the NYSE American’s continued listing standards set forth in Part 10 of the NYSE American Company Guide (the “Company Guide”) with respect to stockholders’ equity levels. 

Enservco Receives Letter of Non-Compliance from NYSE American

Enservco Corporation (ENSV) CEO Ian Dickinson on Q3 2019 Results - Earnings Call Transcript

DENVER, Nov.  12, 2019  (GLOBE NEWSWIRE) -- Enservco Corporation (NYSE American: ENSV), a diversified national provider of specialized well-site services to the domestic onshore conventional and unconventional oil and gas industries, today announced it has received notification from the NYSE American LLC (the “NYSE American”) indicating that the NYSE American has determined it has deemed it appropriate for the Company to effect a reverse stock split to address the low selling price of the common stock of the Company. The letter noted that the NYSE American determined that the Company’s common stock has been selling for a low price per share for a substantial period of time and the Company’s continued listing is predicated on it effecting a reverse stock split of its Common Stock or otherwise demonstrating sustained price improvement no later than May 6, 2020.  The Company intends to regain compliance with the listing standards of the NYSE American by undertaking a measure or measures that are for the best interests of the Company and its stockholders.

Enservco Receives Letter of Non-Compliance from NYSE American Related to Low Share Price

DENVER, Oct.  24, 2019  (GLOBE NEWSWIRE) -- Enservco Corporation (NYSE American: ENSV), a diversified national provider of specialized well-site services to the domestic onshore conventional and unconventional oil and gas industries, today announced it expects 2019 third quarter revenue to increase approximately 23% year over year to between $4.6 million and $4.7 million from $3.8 million in the third quarter last year. Nine-month revenue is expected to increase approximately 19% to between $38.1 and $38.2 million compared to $32.0 million in the same period last year.

Enservco Corporation Updates Investors on 2019 Third Quarter Financial Expectations

Enservco Corporation (ENSV) CEO Ian Dickinson on Q2 2019 Results - Earnings Call Transcript

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Enservco's (ENSV) CEO Ian Dickinson on Q1 2019 Results - Earnings Call Transcript

ENSERVCO Corporation (ENSV) CEO Ian Dickinson on Q4 2018 Results - Earnings Call Transcript

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