Welcome to our dedicated page for Koil Energy Solutions news (Ticker: KLNG), a resource for investors and traders seeking the latest updates and insights on Koil Energy Solutions stock.
KOIL Energy Solutions, Inc. (OTCQB: KLNG) is an energy services company focused on subsea equipment and support services for offshore and deepwater energy projects. This news page aggregates KOIL Energy’s publicly released updates, giving readers a centralized view of how the company describes its contracts, financial results, and project activity.
In its announcements, KOIL Energy highlights awards for subsea distribution systems, subsea tieback projects, and subsea safety control systems. Recent news includes contracts to manufacture subsea umbilical termination assemblies (SUTAs), hydraulic distribution manifolds (HDMs), steel tube flying leads (STFLs), mudmat structures, and other hardware for deepwater projects in the Gulf of America, as well as work on a subsea isolation valve system designed to protect offshore platforms from unintended hydrocarbon releases.
KOIL Energy also reports on manufacturing contracts for major steel components supporting vessel-mounted installation carousels, expansion of services into renewables through subsea power cable handling for offshore wind projects, and its first contracts in Brazil. Earnings releases provide context on revenue, margins, order intake, and project awards, while conference call notices and investor presentations outline how the company communicates with the investment community.
By following this KLNG news feed, readers can review KOIL Energy’s own descriptions of new contracts, project milestones, geographic expansion, and quarterly financial updates. The page offers a structured way to track how the company’s subsea equipment, engineering services, and offshore project support evolve over time.
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), 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.
[]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.
KOIL Energy Solutions (OTCQB: KLNG), a provider of controls infrastructure for subsea oil and gas fields, has announced its participation in the Planet MicroCap Showcase: VEGAS 2025 investor conference. The company's presentation is scheduled for Wednesday, April 23, 2025, at 2:30 PM PST at the Paris Hotel & Casino in Las Vegas.
CEO Erik Wiik will lead the presentation and conduct a Q&A session. The event will be accessible via webcast, and investors can schedule one-on-one meetings with company representatives at the conference venue.
KOIL Energy Solutions (OTCQB: KLNG) reported strong financial results for Q4 and full year 2024. The company achieved Q4 revenue of $6 million, up 48% year-over-year, with Modified EBITDA of $1 million. For the full year 2024, revenue reached $23 million, also marking a 48% increase from 2023.
The company's turnaround was evident in its financial metrics, with full-year gross margin improving to 38% from 32% in 2023. Net income reached $2.6 million in 2024, compared to a loss of $1.6 million in 2023, resulting in diluted earnings per share of $0.21. Working capital stood at $5.7 million, including $3.4 million in cash.
Key 2024 achievements included winning contracts for subsea distribution equipment, advanced maintenance services, Bend Stiffener Latchers, and a subsea safety control system. The company expanded internationally with a new facility in Brazil and formed a strategic alliance with Norway-based SubseaDesign AS.