Subsea equipment provider Koil Energy's Q3 revenue rises 22%

Koil Energy Solutions

14/11/2025 13:42

Overview

Koil Energy Q3 revenue grows 22% yr/yr to $6.4 mln

Adjusted EBITDA margin at -3% due to receivable write-off

Company expands into renewables, secures first contracts in Brazil

Outlook

Company remains confident in delivering long-term growth strategy

Koil Energy sees potential profit upside from receivable collection

Company is increasing project contingencies to manage cost volatility

Result Drivers

SERVICE REVENUE GROWTH - Service revenue increased by 33% driven by strong order intake

RENEWABLES EXPANSION - Successful entry into renewables with subsea power cable project

BRAZIL CONTRACTS - First contracts in Brazil secured, including maintenance and rental agreements

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
$6.37 mln
Q3 Net Income
-$413,000
Q3 Basic EPS
-$0.03
Q3 Operating Income
-$462,000
Q3 Pretax Profit
-$405,000


Press Release: ID:nGNXbpDchh

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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.)