Koil Energy Q1 revenue rises on fixed-price contracts growth, returns to profit

Koil Energy Solutions

15/05/2026 12:38

Overview

US deepwater energy equipment firm's Q1 revenue rose 56% yr/yr to $8.2 mln

Company posted net income of $241,000, reversing a loss in the year-ago quarter

Growth driven by increased fixed-price contracts and new service projects

Outlook

Company says growth trajectory is sustainable, citing increased revenue from new clients

Koil Energy sees global subsea market as highly attractive, with growth in greenfield and tie-back projects

Company says subsea tie-backs remain a core area of expertise and opportunity

Result Drivers

FIXED-PRICE CONTRACTS - Co said a significant increase in fixed-price contract activity drove revenue growth

NEW CONTRACT WINS - Co highlighted several major contract awards, including a manufacturing contract with an international offshore installation company and a subsea distribution system project in the Gulf of America

NEW CLIENT CONTRIBUTIONS - Revenue from clients added last year contributed a greater share of Q1 revenue

Company press release: ID:nGNX6hZ5t9

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
$8.17 mln
Q1 Net Income
$241,000
Q1 Basic EPS
$0.02
Q1 Operating Income
$273,000
Q1 Pretax Profit
$270,000


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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)