Enservco reports eighth straight quarter of year-over-year revenue growth
LONGMONT – Enservco Corp. (NYSE American: ENSV), which provides specialized well-site services to the domestic oil and gas industries, has recorded its eighth consecutive quarter of higher year-over-year revenue.
In an earnings report issued Tuesday for the first quarter of 2023, which ended March 31, the Longmont-based company said revenue gained 4% year over year, to $8.9 million from $8.6 million, fueled by increased customer demand coupled with continued growth in Enservco’s East Texas hot oiling operations and price increases in certain markets.
In addition, said executive chairman Rich Murphy in a prepared statement, “our gross profit improved by 56% year over…
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