Koil Energy Q2 Revenue Soars 78% to Record $9.23M, Profit Jumps
KLNG has more than doubled off its 52-week low of $1.12 on light trading volume (0.4× avg).
Summary
Koil Energy reported record Q2 revenue of $9.23 million, up 78% year-over-year, with net income of $652,000 and EPS of $0.05. Adjusted EBITDA margin reached 12%, driven by a 115% surge in service revenue from rental equipment investments and strong project execution. The company also secured a new Brazil contract and expanded its lending facility, supporting growth. This follows a strong Q1 with 56% revenue growth and a return to profitability, confirming an operational turnaround. Management expects most work on a major subsea project to occur in H2 2026, with continued momentum in the subsea industry.
At the time of this announcement, KLNG was trading at $2.52 on OTC in the Energy & Transportation sector, with a market capitalization of approximately $31.1M. The 52-week trading range was $1.12 to $3.06. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.