Energy Services of America Announces Financial Results for the Quarter Ended December 31, 2020
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HUNTINGTON, W.Va., Feb. 16, 2021 /PRNewswire/ Energy Services of America Corporation (the Company or Energy Services ) (OTC QB: ESOA) announced fiscal first quarter financial results for the quarter ended December 31, 2020. Energy Services earned revenues of $32.0 million with a net loss available to common shareholders of ($725,000) for the first quarter and generated adjusted EBITDA of $331,000 during the period.
On December 31, 2020, Energy Services completed the acquisition of West Virginia Pipeline, Inc. The acquisition is reflected in the Company s first quarter financial statements, but it did not have a significant impact on the Company s operating results for the period. The Company s $60.7 million backlog at December 31, 2020 includes $5.5 million as a result of the acquisition.