Koil Energy Solutions Inc. Reports Q2 Financial Results and New Project Awards

Koil Energy Solutions, Inc., a Houston-based subsea equipment provider and support service company, has reported its financial results for the second quarter of 2025. The company, which operates globally and offers services such as distribution system installation support, engineering services, and umbilical terminations, experienced a drop in profit during this period.

According to a report from Rtt News, Koil Energy Solutions Inc. saw a decline in its Q2 profit. The company’s GAAP earnings per share (EPS) stood at $0.01, with total revenue reaching $5.2 million, as reported by Seeking Alpha.

In a detailed update from OTC Markets, Koil Energy Solutions announced its second quarter 2025 results alongside a business update. The company reported a revenue of $5.2 million, a gross margin of 33%, and an adjusted EBITDA margin of 3%. Despite a 10% decrease in revenue compared to the same quarter in the previous year, the company has been awarded three new projects.

Erik Wiik, President and Chief Executive Officer of Koil Energy, expressed optimism about the company’s future. He noted that after a modest first half of 2025, there is a building momentum, highlighted by a sharp rise in service activity and robust order intake on fixed-price contracts. These developments are seen as indicators of strengthening demand as the company heads into the second half of the year.

Koil Energy Solutions Inc. is listed on the OTC Bulletin Board, and its stock closed at $1.2 on August 12, 2025. The company’s 52-week high was $2.55 on January 29, 2025, and its 52-week low was $1 on August 25, 2024. The price-to-earnings ratio stands at 7.63341. For more information about Koil Energy Solutions Inc., interested parties can visit their website at www.koilenergy.com .