Energy Services of America (ESOA) Registration Filing summary

Company overview and business model

• Operates as a contractor and service provider in the mid-Atlantic and central U.S., serving natural gas, petroleum, water, automotive, chemical, and power industries.

• Core activities include construction, replacement, and repair of natural gas pipelines, storage facilities, and related infrastructure.

• Offers electrical, mechanical, HVAC, fire protection, solar installation, broadband, and civil contracting services through various subsidiaries.

• Major customers include leading utility, energy, chemical, automotive, and water companies, with a geographic focus on West Virginia, Virginia, Ohio, Pennsylvania, and Kentucky.

• Workforce includes both union and non-union employees, with several subsidiaries operating independently.

Financial performance and metrics

• Incorporates by reference audited financial statements for the years ended September 30, 2023 and 2022, and quarterly reports for periods ended December 31, 2023 and March 31, 2024.

• Financial statements audited by Baker Tilly US, LLP, an independent registered public accounting firm.

Use of proceeds and capital allocation

• Net proceeds from securities sales will be used for general corporate purposes, including debt repayment, operations, interest and dividend payments, and potential acquisitions.

• Allocation and timing of proceeds will depend on market conditions, subsidiary funding needs, and other factors.

• Proceeds may be temporarily invested until used for stated purposes.