Private company

Enservco Corp

American oil and gas field services company based in Denver. Summary from the record

Last updated Oct 19, 2026.

Overview

IndustryOil & Gas Field Services, NEC²
HeadquartersDenver, United States²
Incorporated inDE³
Business address14133 County Road 9 And A Half, Longmont, Co 80504³
Filer categoryNon-accelerated filer, Smaller reporting company³
Legal formCorporation²
LEI549300WG7L7HUSMVC188²
StatusActive²
LEI statusLapsed (not renewed)²
Registered addressC/O The Corporation Trust Company, 19801 Wilmington, United States²
Registered withDivision of Corporations, Department of State, 887869²

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Enservco Corporation ("Enservco") through its wholly owned subsidiary (collectively referred to as the "Company," "we" or "us") provides various services to the domestic onshore oil and natural gas industry. These services include hot oiling and acidizing ("Production Services") and frac water heating ("Completion and Other Services").⁴ From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2023

10.4%Gross margin⁵

-29.9%Operating margin⁵

-38.6%Net margin⁵

1.9%Revenue growth, 2023⁵

-$2.4MFree cash flow⁵

Where the money goes

Where each dollar of revenue went, fiscal 2023

Cost of revenueSelling, general and admin

Cost of revenue75¢$19.8M
Selling, general and admin17¢$4.5M
Interest8¢$2.1M

Out of $22.1M in revenue.⁵ The company lost money this year.

Financial statements

Revenue⁶⁷⁸⁹¹⁰⁵$22.1M in 2023−46% since 2017

Gross profit¹¹⁷⁸⁹¹⁰⁵$2.3M in 2023−69% since 2017

Operating income¹¹⁷⁸⁹¹⁰⁵-$6.6M in 2023+76% since 2017

Net income¹¹⁷⁸⁹¹⁰⁵-$8.5M in 2023+24% since 2017

Fiscal year	2017	2018	2019	2020	2021	2022	2023
Revenue	$40.8M⁶	$42.8M⁷	$43.0M⁸	$15.7M⁹	$15.3M¹⁰	$21.6M⁵	$22.1M⁵
Cost of revenue	$33.6M⁶	$33.5M⁷	$34.6M⁸	$17.2M⁹	$17.3M¹⁰	$20.2M⁵	$19.8M⁵
Gross profit	$7.4M¹¹	$9.3M⁷	$8.4M⁸	-$1.5M⁹	-$2.0M¹⁰	$1.4M⁵	$2.3M⁵
Selling, general and admin	$4.4M¹¹	$5.2M⁷	$6.2M⁸	$5.0M⁹	$4.2M¹⁰	$4.9M⁵	$4.5M⁵
Operating expenses					$26.8M¹⁰	$30.1M⁵	$28.7M⁵
Operating income	-$3.8M¹¹	-$1.4M⁷	-$3.6M⁸	-$12.7M⁹	-$11.4M¹⁰	-$8.4M⁵	-$6.6M⁵
Interest	$2.3M¹¹	$2.2M⁷	$2.8M⁸	$1.7M⁹	$57.0K¹⁰	$1.4M⁵	$2.1M⁵
Income before tax					-$7.8M¹⁰	-$5.6M⁵	-$8.6M⁵
Income tax	-$561.0K¹¹	$32.0K⁷	$32.0K⁸	$12.0K⁹	$273.0K¹⁰	$0¹⁰
Net income	-$6.9M¹¹	-$5.9M⁷	-$7.7M⁸	-$2.5M⁹	-$8.1M¹⁰	-$5.6M⁵	-$8.5M⁵
Earnings per share				-$0.60⁹	-$0.74¹⁰	-$0.48⁵	-$0.42⁵
Earnings per share (diluted)
Shares (weighted, basic)					10.9K shares¹⁰	11.6M shares⁵	20.5M shares⁵

Total assets¹¹⁷⁸⁹¹⁰⁵$13.9M in 2023−69% since 2017

Total liabilities¹¹⁷⁸⁹¹⁰⁵$14.4M in 2023−60% since 2017

Shareholders’ equity⁷⁸⁹¹⁰⁵-$572.0K in 2023

Cash¹¹⁷⁸⁹¹⁰⁵$201.0K in 2023−49% since 2017

Long-term debt¹¹⁷⁸⁹¹⁰⁵$3.2M in 2023+28% since 2017

Fiscal year	2017	2018	2019	2020	2021	2022	2023
Cash	$391.0K¹¹	$257.0K⁷	$663.0K⁸	$1.5M⁹	$149.0K¹⁰	$35.0K⁵	$201.0K⁵
Receivables					$2.8M¹⁰	$4.5M⁵	$4.2M⁵
Inventory					$346.0K¹⁰	$320.0K⁵	$209.0K⁵
Current assets	$13.7M¹¹	$13.5M⁷	$8.7M⁸	$4.9M⁹	$5.6M¹⁰	$6.0M⁵	$5.7M⁵
Property, plant and equipment					$16.2M¹⁰	$11.2M⁵	$6.9M⁵
Goodwill					$546.0K¹⁰	$546.0K⁵	$0⁵
Intangible assets					$399.0K¹⁰	$182.0K⁵	$0⁵
Total assets	$44.2M¹¹	$49.0M⁷	$43.0M⁸	$30.2M⁹	$25.1M¹⁰	$19.8M⁵	$13.9M⁵
Short-term debt					$9.0M¹⁰	$4.4M⁵	$5.3M⁵
Current liabilities	$5.6M¹¹	$7.5M⁷	$42.1M⁸	$4.6M⁹	$12.5M¹⁰	$10.2M⁵	$10.0M⁵
Long-term debt	$2.5M¹¹	$2.1M⁷	$198.0K⁸	$20.7M⁹	$5.5M¹⁰	$7.0M⁵	$3.2M⁵
Long-term liabilities					$7.3M¹⁰	$8.4M¹⁰
Total liabilities	$36.0M¹¹	$44.4M⁷	$45.7M⁸	$27.6M⁹	$19.8M¹⁰	$18.7M⁵	$14.4M⁵
Retained earnings					-$35.6M¹⁰	-$41.2M⁵	-$49.7M⁵
Shareholders’ equity	$8.2M⁷	$4.6M⁸	-$2.7M⁹	$2.6M¹⁰	$5.3M⁵	$1.2M⁵	-$572.0K⁵
Shares outstanding	51.1M shares¹¹	54.3M shares⁷	3.7M shares⁸	6.3M shares⁹	11.4M shares¹⁰	11.8M shares⁵	26.6M shares⁵

Cash from operations¹¹⁷⁸⁹¹⁰⁵-$2.1M in 2023−46% since 2017

Capital spending¹¹⁷⁸⁹¹⁰⁵$268.0K in 2023−84% since 2017

Free cash flow¹¹⁷⁸⁹¹⁰⁵-$2.4M in 2023−57% since 2017

Dividends paid⁶¹¹⁷⁸⁹¹⁰⁵$0 in 2023

Fiscal year	2017	2018	2019	2020	2021	2022	2023
Cash from operations	-$4.0M¹¹	$1.3M⁷	$4.5M⁸	-$4.4M⁹	-$4.8M¹⁰	-$2.2M⁵	-$2.1M⁵
Depreciation and amortization					$5.2M¹⁰	$4.3M⁵	$3.7M⁵
Stock-based compensation					$130.0K¹⁰	$811.0K⁵	$377.0K⁵
Capital spending	$1.7M¹¹	$1.1M⁷	$1.2M⁸	$361.0K⁹	$593.0K¹⁰	$220.0K⁵	$268.0K⁵
Free cash flow	-$5.7M	$278.0K	$3.3M	-$4.8M	-$5.4M	-$2.5M	-$2.4M
Cash from investing					-$200.0K¹⁰	$343.0K⁵	$1.8M⁵
Dividends paid	$0⁶	$0¹¹	$0⁷	$0⁸	$0⁹	$0¹⁰	$0⁵
Cash from financing					$3.7M¹⁰	$1.8M⁵	$551.0K⁵

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Leadership

Who has led Enservco Corp, and when. Pick a name to see everywhere that person has worked.

Chief executive

President

Chief financial officer

Chief operating officer

2010201520202025

Chief executive officerIan Dickinson Jun 7, 2017 to Jun 19, 2019¹⁴
Chief executive officerRick D. Kasch Dec 23, 2014 to Dec 15, 2016¹⁵
Chief executive officerMichael D. Herman Aug 3, 2010 to Nov 13, 2013¹⁶
Chief executive officerRobert A. Cohan Feb 23, 2006 to Apr 12, 2007¹⁷
PresidentMarjorie Anne Hargrave Jan 21, 2021 to Jan 21, 2021¹⁸
PresidentIan Dickinson Jun 7, 2017 to Jun 19, 2019¹⁴
PresidentRick D. Kasch Jul 21, 2011 to Dec 15, 2016¹⁹
PresidentMichael D. Herman Aug 3, 2010 to Aug 3, 2010¹⁶
PresidentBob Maughmer Aug 27, 2010 to Aug 27, 2010²⁰
PresidentRobert A. Cohan Feb 23, 2006 to Oct 2, 2009¹⁷
Chief financial officerMarjorie Anne Hargrave Jul 26, 2019 to Jan 21, 2021²¹
Chief financial officerDustin Riley Bradford Jun 18, 2018 to Jun 18, 2018²²
Chief financial officerTucker L. Franciscus Jul 19, 2017 to Jul 19, 2017²³
Chief financial officerRobert J. Devers May 2, 2013 to Jun 9, 2017²⁴
Chief financial officerRick D. Kasch Aug 3, 2010 to Nov 6, 2012²⁵
Chief financial officerKevan Byron Hensman Mar 12, 2008 to Feb 19, 2010²⁶
Chief operating officerKevin Kersting Jun 18, 2018 to Apr 17, 2019²⁷
Chief operating officerBob Maughmer Aug 27, 2010 to Aug 27, 2010²⁰

Board members and other officers (19)

Principal Accounting OfficerDonovan Kelly Nov 22, 2021 to Nov 22, 2021²⁸
Chief Accounting OfficerDustin Riley Bradford Dec 29, 2017 to Dec 29, 2017²⁹
Chief Finl Officer and TreasRobert J. Devers Feb 10, 2014 to Feb 10, 2014³⁰
V-P Field OperationsAustin Peitz Jan 25, 2013 to Jun 23, 2017³¹
Board memberMarc A. Kramer May 10, 2024 to May 10, 2024³²
Board memberKevin Chesser Apr 11, 2023 to Jun 24, 2024³³
Board memberSteve A. Weyel Sep 21, 2023 to Apr 8, 2024³⁴
Board memberChristopher D. Haymons Feb 1, 2017 to Jun 7, 2017³⁵
Board memberIan Dickinson Jun 7, 2017 to Jun 19, 2019¹⁴
Board memberRobert S. Herlin Jan 21, 2015 to Jun 24, 2024³⁶
Board memberWilliam A. Jolly Jan 22, 2015 to Jun 24, 2024³⁷
Board memberKeith Jonathan Behrens Jul 15, 2014 to Jul 20, 2016³⁸
Board memberSteven P. Oppenheim May 2, 2013 to Jul 20, 2016³⁹
Board memberRick D. Kasch Nov 6, 2012 to Dec 15, 2016⁴⁰
Board memberGerard Laheney Aug 3, 2010 to Nov 21, 2014⁴¹
Board memberMichael D. Herman Aug 3, 2010 to Nov 13, 2013¹⁶
Board memberDouglas P. Imperato Dec 17, 2008 to Feb 19, 2010⁴²
Board memberRobert A. Cohan Feb 23, 2006 to Oct 2, 2009¹⁷
Board memberKevan Byron Hensman Sep 18, 2006 to Oct 13, 2010⁴³

Former names

ASPEN EXPLORATION CORPNov 22, 1995 to Jan 4, 2011³

Timeline

Jun 7, 2017New chief executive Ian Dickinson becomes CEO¹⁴
Dec 23, 2014New chief executive Rick D. Kasch becomes CEO¹⁵
Aug 3, 2010New chief executive Michael D. Herman becomes CEO¹⁶
Feb 23, 2006New chief executive Robert A. Cohan becomes CEO¹⁷

Filings

151 filings to the SEC since October 2021: 4 annual reports, 16 quarterly reports, 43 major events, 20 insider forms, 12 large holders, 56 other. The latest 20:

The 151 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Star Equity Fund, LPSCHEDULE 13D/A, 3 filings Aug 16, 2024 to Aug 26, 2025⁴⁴
Ionic Ventures, LLCSC 13G/A, 4 filings Feb 3, 2022 to Nov 14, 2024⁴⁵
CORSAIR CAPITAL MANAGEMENT, L.P.SC 13G/A, 3 filings Mar 8, 2023 to Oct 22, 2024⁴⁶
CVI Investments, Inc.SC 13G/A, 2 filings Feb 28, 2023 to Feb 14, 2024⁴⁷

Sources

The numbers on this page point here. Each one links to the record it came from.

1
SEC EDGAREnservco Corp filings on SEC EDGAR
2
GLEIFEnservco Corp LEI record (549300WG7L7HUSMVC188)
3
SEC EDGAREnservco Corp filings on SEC EDGAR
4
SEC EDGAREnservco Corp annual report, Item 1 (Business)
5
SEC EDGAREnservco Corp 10-K for fiscal 2023
6
SEC EDGAREnservco Corp 10-K for fiscal 2017
7
SEC EDGAREnservco Corp 10-K for fiscal 2018
8
SEC EDGAREnservco Corp 10-K for fiscal 2019
9
SEC EDGAREnservco Corp 10-K for fiscal 2020
10
SEC EDGAREnservco Corp 10-K for fiscal 2021
11
SEC EDGAREnservco Corp 10-K for fiscal 2017
12
SEC EDGAREnservco Corp 10-Q for fiscal 2024
13
SEC EDGAREnservco Corp 10-Q for fiscal 2024
14
SEC EDGARIan Dickinson, Chief executive officer
15
SEC EDGARRick D. Kasch, Chief executive officer
16
SEC EDGARMichael D. Herman, Chief executive officer
17
SEC EDGARRobert A. Cohan, Chief executive officer
18
SEC EDGARMarjorie Anne Hargrave, President
19
SEC EDGARRick D. Kasch, President
20
SEC EDGARBob Maughmer, President
21
SEC EDGARMarjorie Anne Hargrave, Chief financial officer
22
SEC EDGARDustin Riley Bradford, Chief financial officer
23
SEC EDGARTucker L. Franciscus, Chief financial officer
24
SEC EDGARRobert J. Devers, Chief financial officer
25
SEC EDGARRick D. Kasch, Chief financial officer
26
SEC EDGARKevan Byron Hensman, Chief financial officer
27
SEC EDGARKevin Kersting, Chief operating officer
28
SEC EDGARDonovan Kelly, Principal Accounting Officer
29
SEC EDGARDustin Riley Bradford, Chief Accounting Officer
30
SEC EDGARRobert J. Devers, Chief Finl Officer and Treas
31
SEC EDGARAustin Peitz, V-P Field Operations
32
SEC EDGARMarc A. Kramer, Board member
33
SEC EDGARKevin Chesser, Board member
34
SEC EDGARSteve A. Weyel, Board member
35
SEC EDGARChristopher D. Haymons, Board member
36
SEC EDGARRobert S. Herlin, Board member
37
SEC EDGARWilliam A. Jolly, Board member
38
SEC EDGARKeith Jonathan Behrens, Board member
39
SEC EDGARSteven P. Oppenheim, Board member
40
SEC EDGARRick D. Kasch, Board member
41
SEC EDGARGerard Laheney, Board member
42
SEC EDGARDouglas P. Imperato, Board member
43
SEC EDGARKevan Byron Hensman, Board member
44
SEC EDGARStar Equity Fund, LP SCHEDULE 13D/A on Enservco Corp
45
SEC EDGARIonic Ventures, LLC SC 13G/A on Enservco Corp
46
SEC EDGARCORSAIR CAPITAL MANAGEMENT, L.P. SC 13G/A on Enservco Corp
47
SEC EDGARCVI Investments, Inc. SC 13G/A on Enservco Corp