Energy Services of America CORP

For the period ended Mar 31, 2026. Filed May 11, 2026.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2026 · Filed May 11, 2026

ESOA$8.81-2.8%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Cash Flows


· · Six Months Ended · · Six Months Ended
· · March 31, · · March 31,
· · 2026 · · 2025
Cash flows from operating activities: · · · ·
Net income (loss)	$2,921,029	$(5,944,685)
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation expense	6,724,766	5,586,230
Accreted interest on PPP loans	49,632	49,738
Gain on sale of equipment	(88,749)	(179,242)
Provision for deferred taxes	1,162,499	(1,839,881)
Vested restricted stock award compensation	58,680	32,758
Tax settlement on shares repurchased	(12,048)	—
Amortization of intangible assets	690,345	295,060
Accreted interest on note payable	3,900	25,000
Decrease in accounts receivable-trade	15,979,812	10,162,409
(Increase) decrease in retainage receivable	(2,552,081)	599,786
(Increase) decrease in other receivables	(137,479)	1,389,784
Decrease in contract assets	7,681,297	3,581,095
Increase in prepaid expenses and other	(1,420,233)	(1,020,822)
Decrease in accounts payable	(9,461,052)	(4,561,534)
Decrease in accrued expenses and other current liabilities	(320,788)	(3,497,456)
Increase in contract liabilities	1,155,516	5,311,068
Net cash provided by operating activities	22,435,046	9,989,308

Cash flows from investing activities:
Investment in property and equipment	(5,719,129)	(5,087,101)
Acquisition of Tribute Contracting & Consultants	—	(20,783,224)
Proceeds from sales of property and equipment	301,763	596,314
Net cash used in investing activities	(5,417,366)	(25,274,011)

Cash flows from financing activities:
Proceeds from long-term debt	—	16,000,000
Borrowings on lines of credit and short-term debt, net of (repayments)	(24,750,000)	1,250,000
Treasury stock purchased	(847,818)	—
Cash dividend on common stock	(498,725)	(501,164)
Proceeds from capital raise, net of discounts and fees	21,231,333	—
Principal payments on long-term debt	(14,283,429)	(4,463,936)
Net cash (used in) provided by financing activities	(19,148,639)	12,284,900

Decrease in cash and cash equivalents	(2,130,959)	(2,999,803)
Cash and cash equivalents beginning of period	12,241,408	12,926,036
Cash and cash equivalents end of period	$10,110,449	$9,926,233

Supplemental schedule of noncash investing and financing activities:
Purchases of property & equipment under financing agreements	$1,927,914	$201,538
Net operating lease right-of-use assets received in exchange for operating lease liabilities	$936,611	$506,305
Common dividends declared but not paid	$558,669	$501,504
Common stock issued in Tribute Contracting & Consultants acquisition	$—	$2,000,000

Supplemental disclosures of cash flows information:
Cash paid during the year for:
Interest	$1,498,051	$1,232,072
Income taxes	$405,263	$1,170,000

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.