8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D) OF

THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): May 11, 2015

Energy Services of America Corporation

(Exact Name of Registrant as Specified in its Charter)

Delaware (State or Other Jurisdiction of Incorporation) 001-32998 (Commission File Number) 20-4606266 (I.R.S. Employer Identification No.)

75 West 3rd Ave., Huntington, West Virginia	25701
(Address of Principal Executive Offices)	(Zip Code)

Registrant’s telephone number, including area code: (304) 522-3868

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02 Results of Operations

On May 11, 2015, Energy Services of America, Inc. (the “Company”) issued a press release disclosing its results of operations and financial condition at and for the three months and six months ended March 31, 2015.

A copy of the press release dated May 11, 2015 is included as Exhibit 99.1 to this report and is being furnished to the SEC and shall not be deemed filed for any purpose. 

Item 9.01 Financial Statements and Exhibits

(c) Exhibits

Exhibit 99.1 Press Release dated May 11, 2015

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

	ENERGY SERVICES OF AMERICA CORPORATION
DATE:  May 12, 2015	By:	/s/Charles Crimmel
		Charles Crimmel
		Chief Financial Officer

EX-99.1

Exhibit 99.1

ENERGY SERVICES OF AMERICA FILES QUARTERLY REPORT

Huntington, WV   May 11, 2015-  Energy Services of America (the “Company”) (OTC: ESOA), parent company of C.J. Hughes Construction Company and Nitro Electric Company, announced today the filing of the Company’s quarterly report on Form 10-Q for the quarter ended March 31, 2015.  Energy Services earned revenues of $20.9 million and $44.0 million, respectively, for the three and six months ended March 31, 2015.  Gross margins were $1.3 million and $3.4 million, respectively, for the three and six months ended March 31, 2015.  Net loss available to common shareholders was $272,000 and $485,000, respectively, for the three and six months March 31, 2015.  The Company had EBITDA of $467,000 ($0.03 per share) and $1.5 million ($0.11 per share), respectively, for the three and six months ended March 31, 2015.  The backlog at March 31, 2015 was $55.0 million.

Below is a comparison of the Company’s operating results:

	Three Months Ended			Three Months Ended			Six Months Ended			Six Months Ended
	March 31, 2015			March 31, 2014			March 31, 2015			March 31, 2014
	Unaudited			Unaudited			Unaudited			Unaudited
Revenue	$	20,871,013		$	14,044,424		$	44,016,608		$	39,094,834
Gross profit		1,299,642			1,464,440			3,350,005			3,640,771
Income (loss) from operations		(408,754	)		(155,023	)		(196,593	)		252,385
Loss from continuing operations before income taxes		(466,149	)		(239,716	)		(437,520	)		(175,136	)
Income tax benefit		(298,754	)		(245,618	)		(98,092	)		(628,517	)
Income (loss) from continuing operations		(167,395	)		5,902			(339,428	)		453,381
Dividends on preferred stock		77,250			77,250			154,500			231,750
Income (loss) from continuing operations available to common shareholders		(244,645	)		(71,348	)		(493,928	)		221,631
Income (loss) from discontinued operations net of tax expense		(27,848	)		(19,321	)		8,994			1,121
Net income (loss) available to common shareholders	$	(272,493	)	$	(90,669	)	$	(484,934	)	$	222,752

Revenues for the three and six months ended March 31, 2015 increased $6.8 million and $4.9 million, respectively, compared to the same time periods ended in 2014 primarily due to several ongoing transmission pipeline projects.  However, the gross profit percentages decreased for the three and six months ended March 31, 2015 compared to 2014 due to working in inclement weather conditions during the second quarter of fiscal year 2015 and higher than expected profits on several transmission pipeline projects that completed in the first quarter of fiscal 2014.

Douglas Reynolds, President, commented on the announcement.  “The first six months of fiscal year 2015 have been better than we anticipated when compared to our business plan.  The third and fourth quarters of any fiscal year are our busy season and we believe that we are on our way to securing the necessary work to meet our goals.”  Reynolds continued, “Obtaining new construction projects in the third and fourth fiscal quarters is where we struggled in fiscal year 2014, primarily due to missing out on early bidding opportunities due to our past financial issues.  In the second fiscal quarter of 2015, we secured $12 million of new construction projects that will begin in the third quarter and will be substantially complete by this fiscal year end.  In the third fiscal quarter of 2015, we received notification of award on $13 million of new construction projects that will be substantially complete by this fiscal year end and $9 million of new construction projects that begin in fiscal year 2016.  This work is in addition to the core services we provide to our customers and we continue to receive a considerable amount of bidding opportunities for new construction projects for fiscal years 2015 and 2016.  We believe everything is lining up to make this a successful year. ”

Please refer to the table below that reconciles EBITDA and EBITDA per share:

	Three Months Ended			Three Months Ended			Six Months Ended			Six Months Ended
	March 31, 2015			March 31, 2014			March 31, 2015			March 31, 2014
Revenue	$	20,871,013		$	14,044,424		$	44,016,608		$	39,094,834
Cost of revenues		19,571,371			12,579,984			40,666,603			35,454,063
Gross margin		1,299,642			1,464,440			3,350,005			3,640,771
Selling and administrative expenses		1,708,396			1,619,463			3,546,598			3,388,386
Income (loss) from operations		(408,754	)		(155,023	)		(196,593	)		252,385
Depreciation expense		875,967			837,835			1,740,122			1,694,686
EBITDA	$	467,213		$	682,812		$	1,543,529		$	1,947,071
Common shares outstanding		14,239,836			14,239,836			14,239,836			14,239,836
EBITDA per common share	$	0.03		$	0.05		$	0.11		$	0.14

Certain statements contained in the release, including without limitation statements including the words “believes,” “anticipates,” “intends,” “expects” or words of similar import, constitute “forward-looking statements” within the meaning of section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements of the Company expressed or implied by such forward-looking statements. Such factors include, among others, general economic and business conditions, changes in business strategy or development plans and other factors referenced in this release. Given these uncertainties, prospective investors are cautioned not to place undue reliance on such forward-looking statements. The Company disclaims any obligation to update any such factors or to publicly announce the results of any revisions to any of the forward-looking statements contained herein to reflect future events or developments.

CONTACT: Doug Reynolds, 304-522-3868