Energy Services of America Plunges 13.13% on Earnings Miss

On May 13, 2025, Energy Services of America experienced a significant drop of 13.13% in pre-market trading, reflecting investor concerns and market volatility.

Energy Services of America reported its fiscal second-quarter 2025 results, revealing a revenue of $76.7 million, marking an 8% increase year-over-year. However, the gross profit of $78,000 was significantly lower than the previous year's $6.2 million, indicating operational challenges and potential cost pressures. Despite the revenue growth, the company's earnings fell short of market expectations, contributing to the stock's decline.

The company's backlog remains strong, with a robust pipeline of projects that could support future revenue growth. However, the significant decline in gross profit suggests that the company may be facing higher costs or operational inefficiencies that need to be addressed. Investors will be closely monitoring Energy Services of America's ability to manage these challenges and maintain profitability in the coming quarters.