Quarterly ResultMay 18, 2026, 05:07 PM
Koil Energy Q1 Revenue Jumps 56% to $8.2M; Net Income $241K
AI Summary
Koil Energy Solutions reported record first-quarter 2026 results, with revenue increasing 56% year-over-year to $8.2 million. The company achieved a net income of $241,000, a significant improvement from a net loss in the prior year. Growth was fueled by increased fixed-price contract activity and new client contributions, alongside several new contract wins in manufacturing and subsea systems.
Key Highlights
- Q1 2026 revenue increased 56% year-over-year to $8.2 million.
- Reported net income of $241,000 for Q1 2026, compared to a net loss of $29,000 in Q1 2025.
- Gross profit rose to $2.6 million (32% of revenues) from $1.7 million (31%) year-over-year.
- Adjusted EBITDA for the quarter was $572,000, up from $339,000 in the prior year.
- Secured a significant manufacturing contract for an offshore carousel modification.
- Awarded a contract to supply a subsea distribution system for a deepwater project.
- Cash provided by operating activities was $414,000, a turnaround from $(766,000) in Q1 2025.
Price Impact
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