Earnings release
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Exhibit 99.1 Energy Services of America Reports Third Quarter Fiscal 2026 Results Records 25.5 % Year - over - Year Revenue Increase and 57.9 % Increase in Net Income HUNTINGTON , W.Va. , August 10 , 2026 / PRNewswire / -- Energy Services of America Corporation ( the " Company " or " Energy Services " ) ( Nasdaq : ESOA ) , today announced its results for its fiscal third quarter ended June 30 , 2026 . Third Quarter Summary . ( 1 ) Revenue of $ 130.0 million versus $ 103.6 million Gross profit of $ 14.3 million versus $ 12.0 million Gross margin of 11.0 % compared to 11.6 % Net income of $ 3.3 million , or $ 0.18 per diluted share , compared to $ 2.1 million , or $ 0.12 per diluted share . Adjusted EBITDA of $ 8.3 million compared to $ 6.5 million Increased quarterly dividend by 33 % to $ 0.04 per share ( 1 ) All comparisons are versus the comparable prior year period , unless otherwise stated . " Our third quarter results reflect strength across each of our segments , thanks to continued demand for water distribution and electrical construction as well as the continued recovery in our gas transmission business . The quarter also benefited from the more favorable weather throughout the spring , allowing our projects to start on or ahead of schedule , " said Doug Reynolds , President of Energy Services . “ Profitability during the quarter was slightly affected by a lower - than - expected gross profit margin on a large gas transmission project , but the diversity of our business allowed us to absorb this impact and still report a 58 % increase in year - over - year net income . " " We remain optimistic about the near and longer - term opportunities for the business , driven by the ongoing replacement cycle for water infrastructure and the growth in electric demand and build out of data centers across the country . This confidence is reflected in the 33 % increase in our quarterly dividend , which is an important component in our focus of delivering long - term shareholder return , " Mr. Reynolds concluded .