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KOIL Energy Awarded Significant Fabrication Contract
Globenewswire· 2026-01-06 13:50
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]
KOIL Energy to Present at Sidoti's Year-End Virtual Investor Conference December 10-11
Globenewswire· 2025-12-09 22:22
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]
KOIL Energy to Present at Sidoti’s Year-End Virtual Investor Conference December 10-11
Globenewswire· 2025-12-09 22:22
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]
KOIL Energy Reports Third Quarter 2025 Results
Globenewswire· 2025-11-14 13:30
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]
UPDATE – KOIL Energy Solutions Schedules Q3 2025 Earnings Release and Conference Call
Globenewswire· 2025-11-11 22:38
Core Insights - Koil Energy Solutions, Inc. will file its Quarterly Report on Form 10-Q for Q3 2025 on November 14, 2025 [1] - An investor conference call to discuss the Q3 2025 results is scheduled for November 14, 2025, at 10:00 am Eastern Time [1][2] 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]
KOIL Energy Solutions Schedules Q3 2025 Earnings Release and Conference Call
Globenewswire· 2025-11-11 15:40
Core Viewpoint - Koil Energy Solutions, Inc. will file its Quarterly Report on Form 10-Q for Q3 2025 on November 14, 2025, and will host an investor conference call to discuss the results on the same day at 10:00 am Eastern Time [1]. Group 1: Earnings Conference Call Details - The earnings conference call is scheduled for November 14, 2025, at 10:00 am EST [2]. - Participants can join the call via a webcast link or by dialing in using provided numbers [2]. - A replay of the conference call will be available for 7 days after the event [2]. Group 2: 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].
KOIL Energy Solutions Schedules Q3 2025 Earnings Release and Conference Call
Globenewswire· 2025-11-11 15:40
Core Viewpoint - Koil Energy Solutions, Inc. is set to file its Quarterly Report on Form 10-Q for Q3 2025 on November 14, 2025, and will host an investor conference call to discuss the results on the same day at 10:00 am Eastern Time [1][2]. Group 1 - The earnings conference call will be accessible via a webcast link and dial-in numbers for interested parties [2]. - The company provides subsea equipment and support services to the global energy and offshore industries, positioning itself as a leading energy services provider [3]. Group 2 - The investor relations contact information is provided for further inquiries, including an email address and a phone number [4].
KOIL Energy Reports Second Quarter 2025 Results and Provides a Business Update
Globenewswire· 2025-08-14 11:30
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].
KOIL Energy Solutions Schedules Q2 2025 Earnings Release and Conference Call
GlobeNewswire News Room· 2025-08-08 21:11
Core Points - Koil Energy Solutions, Inc. will file its Quarterly Report on Form 10-Q for Q2 2025 on August 14, 2025 [1] - An investor conference call to discuss the Q2 2025 results is scheduled for August 14, 2025, at 10:00 am Eastern Time [1][2] - The company provides subsea equipment and support services to the energy and offshore industries [3] Event Details - The earnings conference call will be held on August 14, 2025, starting at 10:00 am EDT [2] - Participants can join the call via a webcast link or by dialing in using provided numbers [2] - A replay of the conference call will be available on the company's website for up to 7 days after the event [2][4]
KOIL Energy Solutions Schedules Q2 2025 Earnings Release and Conference Call
Globenewswire· 2025-08-08 21:11
Core Points - Koil Energy Solutions, Inc. will file its Quarterly Report on Form 10-Q for Q2 2025 on August 14, 2025 [1] - An investor conference call to discuss the Q2 2025 results is scheduled for August 14, 2025, at 10:00 am Eastern Time [1][2] - The company provides subsea equipment and support services to the energy and offshore industries [3] Event Details - The earnings conference call will be held on August 14, 2025, starting at 10:00 am EDT [2] - Participants can join the call via a webcast link or by dialing in using provided numbers [2] - A replay of the conference call will be available on the company's website under the "Investors" section [2]