Energy Services of America reported its fiscal second quarter results ended March 31, 2025, on May 12, 2025, showing a net loss of $6.8 million, or ($0.41) per share. This compares to a net loss of $1.1 million, or ($0.07) per share, in the prior-year quarter.
Total revenues for the quarter increased to $76.7 million from $71.1 million, primarily driven by the Gas & Water Distribution business line. However, gross profit plummeted to $78,000 from $6.2 million in the prior-year quarter, resulting in a gross margin of 0.1%.
President Doug Reynolds stated that the quarter was impacted more than usual by unfavorable weather conditions, which reduced fixed cost coverage. Selling and administrative expenses increased to $8.2 million due to additional personnel and the Tribute acquisition. The company's backlog grew to $280.7 million as of March 31, 2025.
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