Civeo Corporation announced on June 9, 2025, a four-year contract renewal with a leading metallurgical coal producer. The agreement covers the provision of rooms and hospitality services from Civeo’s existing Coppabella, Moranbah, and Nebo villages in the Australian Bowen Basin.
This contract renewal is expected to generate approximately A$250 million in total revenues from 2025 to 2029. The company noted that this renewal was already contemplated in its latest full-year 2025 revenue and Adjusted EBITDA guidance.
Bradley J. Dodson, President and Chief Executive Officer, emphasized the customer's continued trust in Civeo's operations and its ability to provide large-scale room supply surety with consistent service. This renewal, occurring during a period of softer met coal markets, underscores the resilience of Civeo's value proposition.
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