HOUSTON, Jan. 06, 2026 (GLOBE NEWSWIRE) -- KOIL Energy Solutions, Inc. (OTCQB: KLNG), an international specialist in subsea equipment and services, today announced a significant manufacturing contract with an international offshore installation company. The scope of work includes engineering, procurement, and fabrication of major steel components to support the modification of a large vessel mounted installation carousel. The enhancements allow for the client-owned carousel to meet project specifications fo ...

HOUSTON, Dec. 09, 2025 (GLOBE NEWSWIRE) -- Koil Energy Solutions, Inc. (OTCQB: KLNG), a specialist in deepwater energy production and distribution equipment and services, announced Erik Wiik, President and Chief Executive Officer of KOIL Energy, and Kurt Keller, Chief Financial Officer of KOIL Energy, will present and host one-on-one meetings with investors at Sidoti’s Year-End Virtual Investor Conference, taking place on December 10-11, 2025. The presentation will begin at 10:00 am ET on Thursday, December ...

HOUSTON, Dec. 09, 2025 (GLOBE NEWSWIRE) -- Koil Energy Solutions, Inc. (OTCQB: KLNG), a specialist in deepwater energy production and distribution equipment and services, announced Erik Wiik, President and Chief Executive Officer of KOIL Energy, and Kurt Keller, Chief Financial Officer of KOIL Energy, will present and host one-on-one meetings with investors at Sidoti’s Year-End Virtual Investor Conference, taking place on December 10-11, 2025. The presentation will begin at 10:00 am ET on Thursday, December ...

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, 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]

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].

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].

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 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]

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]