Koil Energy Solutions (KLNG) Stock News

KOIL Energy Solutions (OTCQB: KLNG) congratulated Beacon Offshore Energy on achieving first oil in the Shenandoah deepwater field on Oct. 9, 2025. KOIL said it supported Beacon by supplying over 70 MQC plates—qualified for 20,000-psi high-pressure subsea use—to enable fluid transfer between subsea control systems. KOIL noted its contribution began with an announced role in the Shenandoah project in January 2023 and said the MQC plates expand its footprint in the subsea distribution market.

KOIL Energy Solutions (OTCQB: KLNG) was awarded a contract to supply six Steel Tube Flying Leads (Subsea Umbilical) and associated subsea distribution equipment for a Gulf of America project announced Oct 8, 2025.

The package supports tie‑ins of additional wells to existing infrastructure for a field operated by an international operator and is contracted through a Houston‑based subsea engineering contractor. Scope includes engineering, procurement, fabrication, assembly, and testing at KOIL's Houston manufacturing facility. Final delivery is scheduled for the 2nd quarter of next year, with installation services to be awarded later.

KOIL Energy Solutions (OTCQB: KLNG) has secured a significant contract for subsea control equipment. The project involves engineering, procurement, and manufacturing of Subsea Safety Control Systems designed to protect offshore platforms and personnel from hydrocarbon releases.

The company will conduct engineering and procurement activities throughout 2025, with manufacturing scheduled for the first half of 2026 at their Houston facility. A separate services contract for installation and testing will be awarded at a later date.

Koil Energy Solutions (OTCQB: KLNG), a deepwater energy production specialist, reported Q2 2025 results with revenue of $5.2 million, representing a 10% year-over-year decrease. The company achieved a gross margin of 33% and an adjusted EBITDA margin of 3%, with net income at 1.2% of revenue.

The company announced three major new projects: a subsea tie-back project in the Gulf of America, a renewable energy cable management services project, and their largest project in nearly a decade involving the design and manufacture of proprietary subsea flying leads. The company ended the quarter with $2.2 million in cash and expects strengthening demand in the second half of 2025.

Koil Energy Solutions (OTCQB: KLNG) has scheduled its Q2 2025 earnings release and conference call for Thursday, August 14, 2025. The company will file its Quarterly Report on Form 10-Q and host an investor conference call at 10:00 AM Eastern Time.

Investors can participate through a webcast or by dialing toll-free 1-833-630-1956 (international: 1-412-317-1837). A replay will be available for 7 days after the call, and materials will be accessible on the company's website under the Investors section.

KOIL Energy Solutions (OTCQB: KLNG) reported disappointing Q1 2025 results with revenue of $5.3 million, representing a 9% decrease from Q1 2024. The company posted an Adjusted EBITDA of $339,000 (6% margin), down $394,000 from the previous year, and broke even on net income. Gross margin stood at 31%, impacted by increased headcount and lower labor utilization. The company's financial position shows $2.2 million in cash and $5.1 million in working capital. Despite the challenging quarter, management highlighted positive momentum in order intake and bidding activity, with two-thirds of recent service contract growth tied to previously built equipment. The company plans to focus on improving financial execution, workforce utilization, and disciplined working capital management.

Koil Energy Solutions (OTCQB: KLNG), a deepwater energy production and distribution equipment services provider, has announced a delay in filing its Q1 2025 Form 10-Q. The company will file the report on May 20, 2025, utilizing the SEC's five-day extension period. The delay is attributed to pending accounting procedures following the late filing of its 2024 Annual Report.

The company will host an investor conference call to discuss Q1 2025 results on May 20, 2025, at 10:00 am Eastern Time. The call will be accessible via webcast and dial-in options, with a replay available for 7 days until May 27.

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KOIL Energy Solutions (OTCQB: KLNG) has announced the appointment of Mads Andersen as an independent, non-executive director to its Board of Directors, effective April 22, 2025. Andersen brings significant industry expertise as the current CEO of Norway-based Aibel ASA, a company with 5,000 employees and annual revenue of $1.5 billion.

Andersen's extensive background includes over 30 years in the international oil & gas and energy services industry, having served as Divisional President at OneSubsea (SLB) and Executive Vice President at Aker Solutions. He holds a master's degree in mechanical engineering from the University of Glasgow.

According to Board Chairman Mark Carden, Andersen's appointment aligns with KOIL Energy's growth strategy and international ambitions, particularly valued for his experience in international business development, growth strategy, and M&A.

KOIL Energy Solutions (OTCQB: KLNG) has appointed Kurt Keller as Chief Financial Officer, effective April 22, 2025. Keller brings two decades of financial leadership experience, having successfully scaled middle-market companies from $20 million to $100 million in revenue.

Keller's previous roles include executive positions at PurgeRite and SunGrid Holdings, CFO at Mantis Innovation Group (2018-2022), and CFO at Navasota Energy Services (2007-2017). He also provided advisory services at Deloitte (1999-2006). Keller holds a BA in Economics from Baylor University, an MBA from Vanderbilt University, and both CFA and CMA certifications.

CEO Erik Wiik emphasized Keller's expertise in scaling businesses through organic growth and M&A, highlighting the importance of financial discipline in meeting commitments to stakeholders.