Koil Energy Q2 revenue hits record high, profit jumps

Koil Energy Solutions

13/08/2026 13:58

Overview
US deepwater equipment provider's Q2 revenue rose 78% yr/yr to record high
Adjusted EBITDA margin reached 12%, driven by services and rental equipment investments
Company secured new Brazil contract and expanded lending facility to support growth

Outlook
Company expects most work on major subsea project to occur in H2 2026
KOIL sees strong momentum in the subsea industry and attractive market conditions
Company renews 'KOIL 2030' strategy focused on systems solutions, Brazilian expansion, and rental equipment

Result Drivers
SERVICES GROWTH - Co said 115% yr/yr increase in service revenue was driven by strategic investments and operational execution
RENTAL EQUIPMENT INVESTMENT - Co attributed record services growth to investments in rental equipment and rapid mobilization of new and redeployed carousels
PROJECT EXECUTION - Co said all milestones on major system projects were achieved on time or ahead of schedule, supporting high production activity

Company press release: ID:nGNX35ZGWq

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
$9.23 mln
 
Q2 Net Income
 
$652,000
 
Q2 Basic EPS
 
$0.05
 
Q2 Operating Income
 
$678,000
 
Q2 Pretax Profit
 
$674,000
 

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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.)