HOUSTON, Jan. 12, 2026 (GLOBE NEWSWIRE) -- KOIL Energy Solutions, Inc. (OTCQB: KLNG), an international specialist in subsea equipment and services, today announces the award of a significant contract to supply a subsea distribution system for a deepwater project in the Gulf of America. KOIL Energy Subsea Distribution System KOIL Energy will manufacture the subsea umbilical termination assemblies (SUTAs), hydraulic distribution manifolds (HDMs), steel tube flying leads (STFLs), mudmat structures, and ancill ...

HOUSTON, Jan. 12, 2026 (GLOBE NEWSWIRE) -- KOIL Energy Solutions, Inc. (OTCQB: KLNG), an international specialist in subsea equipment and services, today announces the award of a significant contract to supply a subsea distribution system for a deepwater project in the Gulf of America. KOIL Energy Subsea Distribution System KOIL Energy will manufacture the subsea umbilical termination assemblies (SUTAs), hydraulic distribution manifolds (HDMs), steel tube flying leads (STFLs), mudmat structures, and ancill ...

Core Insights - KOIL Energy Solutions, Inc. has secured a significant manufacturing contract with an international offshore installation company for the engineering, procurement, and fabrication of major steel components [1][2] - The project aims to enhance a client-owned installation carousel to meet specifications for subsea deployment in South America [1] - Work is set to commence immediately at KOIL's manufacturing facility in Houston, Texas, with additional skilled personnel mobilized for the project [2] Company Overview - KOIL Energy is recognized as a leading provider of subsea equipment and services for the energy and offshore industries, founded in 1997 [3] - The company is based in Houston and comprises a team of experts in engineering and manufacturing, committed to innovative solutions for complex challenges [3] - KOIL Energy supports subsea projects globally, emphasizing its capability to address diverse customer needs [3]

Group 1 - KOIL Energy Solutions, Inc. announced a significant manufacturing contract with an international offshore installation company for engineering, procurement, and fabrication of major steel components [1][2] - The project aims to modify a large vessel mounted installation carousel to meet project specifications for subsea deployment in South America [1] - Work is set to commence immediately and is scheduled for completion during the first quarter of 2026 at KOIL's manufacturing facility in Houston, Texas [2] Group 2 - KOIL is recognized as an expert in subsea installation systems, providing innovative solutions to complex challenges in the energy and offshore industries [2][3] - The company was founded in 1997 and has a team of world-class experts in engineering and manufacturing [3] - KOIL Energy supports subsea projects globally, emphasizing a commitment to building the future of energy [3]

Company Overview - Koil Energy Solutions, Inc. specializes in deepwater energy production and distribution equipment and services [1][3] - The company offers innovative solutions to complex challenges in the energy and offshore industries, including subsea equipment and support services [3] Upcoming Events - Erik Wiik, President and CEO, and Kurt Keller, CFO, will present at Sidoti's Year-End Virtual Investor Conference on December 10-11, 2025 [1] - The presentation is scheduled to begin at 10:00 am ET on December 11, and registration for the event is free [2] Investor Engagement - Koil Energy will host virtual one-on-one meetings with investors during the conference [1][2] - Registration for these meetings can be done through the Sidoti website, and participation does not require being a Sidoti client [2] Sidoti Events Overview - Sidoti & Company, LLC formed Sidoti Events, LLC to enhance its conference business and better serve presenters and attendees [4] - Sidoti has over 25 years of experience in independent securities research, focusing on small and microcap companies [4] - The Events division provides corporate access through investor conferences, benefiting from Sidoti's extensive network of institutional relationships [4]

Core Insights - KOIL Energy Solutions reported a revenue of $6.4 million for Q3 2025, reflecting a 22% growth compared to both the previous quarter and the same quarter last year [4][18] - The company has successfully entered the renewables sector, securing significant contracts, including a project for spooling subsea power cables for an offshore wind farm [2][5] - The gross margin for the quarter was 32%, down from 40% in Q3 2024, attributed to a higher mix of pass-through procurement costs [7][18] Financial Performance - Revenue for the three months ending September 30, 2025, was $6.4 million, a 22% increase year-over-year, with service revenue growing by 33% and fixed-price contracts increasing by 15% [4][18] - Gross profit totaled $2.1 million, maintaining the dollar amount from the previous year but reflecting a margin decline due to increased costs [7][18] - Adjusted EBITDA was reported at -3% of revenue, equating to a loss of $249,000, primarily due to a write-off of a receivable from a UK client [8][21] Strategic Developments - KOIL Energy has secured its first contracts in Brazil, including a maintenance survey and a rental equipment agreement, marking a significant step in its growth strategy [6][18] - The company is proactively managing project contingencies to address cost volatility and protect profit margins [9] Operational Highlights - The company recognized its service team for successfully executing a significant contract in the renewables sector, receiving positive client feedback [5] - Selling, general, and administrative expenses increased to $2.5 million, largely due to a write-off of a receivable [7][18]

Core Insights - KOIL Energy Solutions congratulated Beacon Offshore Energy on achieving its first oil in the Shenandoah deepwater field, highlighting its role in providing subsea solutions that contributed to this milestone [1][2] Company Contributions - KOIL Energy supplied over 70 Multi Quick Connect (MQC) plates for the Shenandoah project, which are critical for high-pressure applications at 20,000 psi, facilitating fluid transfer between subsea control systems [2] - The successful deployment of KOIL's technology aligns with the company's growth strategy and commitment to innovation in the subsea distribution market [2] Company Overview - KOIL Energy, founded in 1997 and based in Houston, is a leading energy services company specializing in subsea equipment and support services for the energy and offshore industries [3] - The company boasts a team of world-class experts in engineering and manufacturing, dedicated to providing innovative solutions to complex challenges in the energy sector [3]

Core Insights - KOIL Energy Solutions, Inc. congratulated Beacon Offshore Energy LLC on achieving its first oil in the Shenandoah deepwater field, highlighting the partnership and support provided through subsea solutions [1][2] Group 1: Company Achievements - KOIL Energy played a significant role in Beacon's first oil achievement by supplying over 70 Multi Quick Connect (MQC) plates, which were crucial for the project's success [2] - The MQC plates supplied by KOIL are qualified for high-pressure applications of up to 20,000 psi, showcasing the company's advanced technology and commitment to innovation [2] Group 2: Company Background - KOIL Energy is a leading energy services company specializing in subsea equipment and support services for the energy and offshore industries, founded in 1997 and based in Houston [3] - The company comprises a team of world-class experts in engineering and manufacturing, dedicated to providing innovative solutions to complex challenges in subsea projects globally [3]

Core Insights - Koil Energy Solutions, Inc. reported a modest performance in the first half of 2025 but is experiencing a build-up of momentum with the announcement of three new projects and a rise in service activity and order intake [2][4]. Financial Performance - For Q2 2025, Koil Energy generated revenue of $5.2 million, a 10% decrease from the same quarter in the previous year, with an adjusted EBITDA of $163,000, resulting in a 3% margin [2][11]. - The gross margin was reported at 33%, influenced by increased headcount and lower labor utilization early in the quarter, leading to a net income of 1.2% of revenue [2][11]. - Cash on hand at the end of the quarter was $2.2 million [2]. Business Developments - The company announced three significant new projects, including a subsea tie-back project in the Gulf of America, a cable management services project for a renewable energy initiative, and a major international greenfield project involving the design and manufacture of over 20 proprietary subsea flying leads [4][7]. - The new projects are expected to drive revenue growth over the next four quarters, supported by a robust pipeline of high-probability opportunities [4]. Strategic Focus - The increase in headcount is part of the company's long-term growth strategy, aimed at balancing growth with profitability [3]. - The company is positioned to execute on its growth plan, having established the necessary capabilities to handle the increased workload [3].

Core Viewpoint - Koil Energy Solutions, Inc. has appointed Mr. Mads Andersen as an independent, non-executive director to its Board of Directors, effective immediately, which is expected to enhance the company's growth strategy and international ambitions [1][3]. Company Overview - Koil Energy Solutions is a leading energy services company that provides subsea equipment and support services to the global energy and offshore industries [3]. New Board Member Profile - Mr. Mads Andersen is the CEO of Aibel ASA, a Norway-based energy services company with 5,000 employees and an annual revenue of US$ 1.5 billion [2]. - He has over 30 years of experience in the international oil and gas and energy services industry, with previous roles including Divisional President at OneSubsea (SLB) and Executive Vice President at Aker Solutions [2]. - Mr. Andersen holds a master's degree in mechanical engineering from the University of Glasgow, Scotland [2]. Strategic Implications - The addition of Mr. Andersen to the Board is anticipated to provide valuable insights into international business development, growth strategy, and mergers and acquisitions (M&A) for Koil Energy [3].