Energy Services of America Corporation

ESOA: Is Energy Services of America Corporation Halal?

Energy Services of America Corporation

NASDAQIndustrialsUS

$12.76

-3.55%

Market Cap: 238.1M

Compliance Status

Not Halal

Screened on Aug 12, 2026 · AAOIFI Standard 21

F

Non-Compliant

0Score

Is Energy Services of America Corporation (ESOA) halal? Not Halal. Based on AAOIFI screening, Energy Services of America Corporation passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

Business activity

What the company sells is permissible.

Passed

Company debt

Over the limit

How much the company borrows, compared to its total value. AAOIFI allows up to 30%.

30.3% of 30.0% limit

What this means for you

Most scholars advise not holding ESOA

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About Energy Services of America Corporation

Energy Services of America Corporation (ESOA) delivers specialized contracting solutions to utility providers and energy-focused businesses throughout the United States. Its primary activities include the construction, replacement, and repair of both interstate and intrastate natural gas pipelines and their associated storage facilities, serving both public utility companies and private gas enterprises. Furthermore, ESOA provides a full spectrum of services for pipeline infrastructure, storage sites, and plant operations. Beyond its core gas infrastructure work, the company offers an extensive range of electrical and mechanical installation and maintenance services. These encompass substation and switchyard development, site preparation, equipment placement, pipe fabrication and fitting, packaged buildings, transformers, and other supplementary works. These diverse offerings cater to clients across the gas, petroleum power, chemical, water and sewer, and automotive sectors. ESOA's capabilities also extend to the development of liquid pipelines and pump stations, the construction of production facilities, and the installation of water and sewer pipelines. A broad array of maintenance and repair tasks, along with other specialized services related to pipeline construction, are also part of its comprehensive portfolio. The company's customer base is predominantly located in West Virginia, Virginia, Ohio, Pennsylvania, and Kentucky. Energy Services of America Corporation was founded in 2006 and is headquartered in Huntington, West Virginia.

Sector: Industrials · Industry: Engineering & Construction

Shariah Compliance Status

AAOIFI Standard 21Updated Aug 12, 2026

Compliance History

Not Halal, unchanged since Aug 2026.

No status changes recorded since we began tracking.

Tracked since Aug 2026. Updates automatically on each re-screen.

Fiscal: FY 2025Data source: FMP

Halal Alternatives in Industrials

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Frequently Asked Questions

Is Energy Services of America Corporation (ESOA) halal to invest in?
Energy Services of America Corporation (ESOA) is rated Not Halal under AAOIFI Standard 21 screening. It fails either the business activity screen (primary involvement in prohibited sectors such as conventional banking, alcohol, or gambling) or one of the quantitative financial ratio thresholds. Muslim investors should avoid or exit this position.
Why did Energy Services of America Corporation get a F compliance rating?
Energy Services of America Corporation (ESOA) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 30.3% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Energy Services of America Corporation's Shariah verdict?
Energy Services of America Corporation's verdict is re-evaluated at each annual re-screen. Three events could change it: (1) the debt-to-market-cap ratio crossing 30%, typically from new debt issuance or a major drop in share price; (2) interest-bearing deposits exceeding 30% of market cap; or (3) prohibited revenue (alcohol, gambling, conventional finance, etc.) exceeding 5% of total revenue. Verdict flips are tracked in the compliance history section above.
How often is Energy Services of America Corporation re-screened for Shariah compliance?
Energy Services of America Corporation (ESOA) is re-screened annually using the most recent full-year financial data from SEC filings. HalalScreener also triggers an on-demand re-screen whenever the stored data is more than 7 days old, ensuring the ratios reflect the latest available financial statements. Last screened: Aug 12, 2026.

Screened according to AAOIFI Standard No. 21 · For informational purposes only. Consult a qualified Islamic finance advisor before investing.

Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.