Every 8-K that KOIL ENERGY SOLUTIONS INC (KLNG) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow KLNG and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full KLNG filings page.
KOIL Energy Solutions reported winning a major subsea project focused on umbilical handling, spooling, and long-term storage services. The work will use two large carousels, combining a newly acquired mobile offshore carousel with an existing carousel from its fleet.
The new modular offshore carousel can handle 3,500 metric tons and is designed to be assembled on board vessels for rapid deployment to projects in the U.S. and internationally. KOIL expects its experienced service team to execute the project in the second half of 2026, then store the customer’s umbilical system.
Koil Energy Solutions entered a new Loan and Security Agreement with nFusion Capital Finance that provides a revolving credit facility of up to $5.0 million. Borrowing capacity is based on an advance rate of 85% of eligible accounts and is secured by a first-priority lien on substantially all personal property assets.
The facility bears interest at the Wall Street Journal prime rate, with a 6.75% floor, plus a 4.75% margin, and has an initial 12‑month term that automatically renews for one‑year periods. Koil paid a 1% upfront fee and agreed to various monitoring and early termination fees. According to the related press release, the new line replaces a prior receivables factoring arrangement, which has been repaid, leaving Koil with no financial debt other than lease obligations.
KOIL Energy Solutions reported strong first quarter 2026 results, highlighted by faster growth and a return to profitability. Revenue for the three months ended March 31, 2026 rose to $8.2 million, a 56% increase over the first quarter of 2025 and 13% higher sequentially, driven mainly by fixed-price contracts and additional service work.
Gross profit was $2.6 million, or 32% of revenue, compared with $1.7 million and a 31% margin a year earlier. Net income reached $241,000, or $0.02 per basic share, versus a small net loss in the prior-year quarter, and Adjusted EBITDA improved to $572,000, or 7% of revenue.
KOIL also reported operating cash flow of $414,000 versus a use of cash in the prior year, while cash on hand stood at $1.2 million and stockholders’ equity at $9.4 million as of March 31, 2026. Management highlighted several new international contracts and noted that clients added in 2025 contributed about 25% of first quarter 2026 revenue.
KOIL Energy Solutions, Inc. reported fourth quarter and full year 2025 results, highlighting record quarterly revenue and modest full-year growth alongside weaker profitability. Fourth quarter 2025 revenue reached $7.3 million, up 22% from a year earlier and 14% sequentially, with both services and product sales contributing.
Quarterly gross profit was $2.5 million, or 35% of revenue, down from a 40% margin in 2024 due to a less favorable project mix. Adjusted EBITDA for the quarter was about 10% of revenue, or $721,000. For full year 2025, revenue was about $24 million, a 6% increase, while adjusted EBITDA declined to $970,000 from $3.5 million in 2024 as the company increased spending on growth initiatives, international expansion, and new rental equipment.
KOIL ended 2025 with total assets of $19.8 million, cash of $1.5 million, and stockholders’ equity of $9.0 million