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): February 24, 2016

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):

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	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 February 24, 2016, Energy Services of America, Inc. (the “Company”) issued a shareholder letter disclosing its results of operations and financial condition at and for the three months ended December 31, 2015.

A copy of the letter dated February 23, 2016 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 Shareholder Letter dated February 23, 2016

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:  February 25, 2016	By:   /s/ Charles Crimmel
	Charles Crimmel
	Chief Financial Officer

EX-99.1

EXHIBIT 99.1

February 23, 2016

Dear Fellow Shareholder,

We are off to the best start of any fiscal year since our first quarter operating as a public company, the quarter ended December 31, 2008. In the first quarter of fiscal year 2016, we earned revenue of $34.4 million compared to $23.1 million for the first quarter of fiscal year 2015. We attribute this primarily to a $3.8 million revenue increase in natural gas and petroleum work and a $5.6 million revenue increase in electrical and mechanical services. We achieved income from operations of $1.5 million in the three months ended December 31, 2015 compared to $212,000 for the same time period in 2014. Net income available to common shareholders was $622,000 for the three months ended December 31, 2015 compared to a loss of $212,000 for the same time period in 2014.

For the first quarter of fiscal year 2016, both CJ Hughes and Nitro Electric performed better than the first quarter of fiscal year 2015 and the business plan for the first quarter of fiscal year 2016. We can’t take credit for the favorable weather, but it allowed us to continue the strong performance of our summer work into the fourth quarter of the calendar year. We also anticipate beginning construction work earlier in the second quarter of fiscal year 2016 compared to prior years.

Last year, fiscal year 2015, we had a great year with revenue of $124.4 million. We are off to a better start in fiscal year 2016 and had a backlog of $91.1 million at December 31, 2015 compared to a backlog of $53.9 million at December 31, 2014. Additionally, in January 2016, we received notification of award on two petroleum projects totaling around $18.0 million. This work will begin in June 2016 and will extend into fiscal year 2017. While there have been some growing pains requiring the purchase of more equipment and increased SG&A expense, we feel that we have a strong balance sheet and have made key additions to our company that will drive growth in a turbulent market. While I know that many have been frustrated with the market value of our common stock, our stock did hit a 52 week high last week. At the same time, many energy related stocks have struggled recently. Our goal is to make fiscal year 2016 among the best in our company’s history.

You should have already received your proxy statement for the company’s upcoming Annual Meeting of Stockholders in the mail. Hopefully, you can join us at 12 p.m. on March 16^th at the Pullman Plaza Hotel in Huntington, WV to learn more about your company and share any ideas to make it better.

Sincerely, 

 

Douglas V. Reynolds, President

Energy Services of America