Welcome to our dedicated page for Koil Energy Solutions SEC filings (Ticker: KLNG), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
KOIL Energy Solutions Inc. filings document Exchange Act reporting for a Nevada company operating in subsea energy equipment and services. The company’s Form 8-K disclosures include results of operations and financial condition, with press release exhibits covering annual and quarterly performance for its deepwater production and distribution equipment business.
KLNG regulatory filings describe material-event reporting, exhibit filings and inline XBRL cover data tied to its public-company disclosures. The filings connect financial reporting with the company’s subsea engineering, manufacturing, installation support and service activities for offshore energy customers.
Koil Energy Solutions entered a new Loan and Security Agreement with nFusion Capital Finance that provides a revolving credit facility of up to $5.0 million. Borrowing capacity is based on an advance rate of 85% of eligible accounts and is secured by a first-priority lien on substantially all personal property assets.
The facility bears interest at the Wall Street Journal prime rate, with a 6.75% floor, plus a 4.75% margin, and has an initial 12‑month term that automatically renews for one‑year periods. Koil paid a 1% upfront fee and agreed to various monitoring and early termination fees. According to the related press release, the new line replaces a prior receivables factoring arrangement, which has been repaid, leaving Koil with no financial debt other than lease obligations.
KOIL Energy Solutions reported strong first quarter 2026 results, highlighted by faster growth and a return to profitability. Revenue for the three months ended March 31, 2026 rose to $8.2 million, a 56% increase over the first quarter of 2025 and 13% higher sequentially, driven mainly by fixed-price contracts and additional service work.
Gross profit was $2.6 million, or 32% of revenue, compared with $1.7 million and a 31% margin a year earlier. Net income reached $241,000, or $0.02 per basic share, versus a small net loss in the prior-year quarter, and Adjusted EBITDA improved to $572,000, or 7% of revenue.
KOIL also reported operating cash flow of $414,000 versus a use of cash in the prior year, while cash on hand stood at $1.2 million and stockholders’ equity at $9.4 million as of March 31, 2026. Management highlighted several new international contracts and noted that clients added in 2025 contributed about 25% of first quarter 2026 revenue.
Koil Energy Solutions reported much stronger results for the quarter ended March 31, 2026. Revenue rose to $8,174 (in thousands), up 56% from $5,250, driven mainly by growth in lump-sum fixed-price projects and new customers. Net income improved to $241 from a loss of $29, with gross margin edging up to 32%.
Adjusted EBITDA increased to $572 from $339, reflecting higher project throughput and stable cost control. Cash was $1,185 and working capital $5,117, and management believes liquidity is adequate, supported by operations and a receivables factoring facility. The company continues to remediate a previously disclosed material weakness in internal control over financial reporting.
Koil Energy Solutions, Inc. saw a significant shareholder associated with Intelligent Fanatics increase its position through open-market buying. On April 13, 2026, IFCM MicroCap Fund LP, for which Intelligent Fanatics Capital Management LLC is general partner, purchased a total of 36,322 shares of common stock at $1.72 per share.
After these transactions, the fund beneficially owned 1,567,131 shares of Koil Energy Solutions common stock. The shares are held directly by IFCM MicroCap Fund LP and indirectly by Intelligent Fanatics Capital Management LLC and Ian J. Cassel, who has shared voting and investment power but disclaims beneficial ownership beyond his partnership interests.
KOIL Energy Solutions, Inc. reported fourth quarter and full year 2025 results, highlighting record quarterly revenue and modest full-year growth alongside weaker profitability. Fourth quarter 2025 revenue reached $7.3 million, up 22% from a year earlier and 14% sequentially, with both services and product sales contributing.
Quarterly gross profit was $2.5 million, or 35% of revenue, down from a 40% margin in 2024 due to a less favorable project mix. Adjusted EBITDA for the quarter was about 10% of revenue, or $721,000. For full year 2025, revenue was about $24 million, a 6% increase, while adjusted EBITDA declined to $970,000 from $3.5 million in 2024 as the company increased spending on growth initiatives, international expansion, and new rental equipment.
KOIL ended 2025 with total assets of $19.8 million, cash of $1.5 million, and stockholders’ equity of $9.0 million
Koil Energy Solutions, Inc. reported 2025 revenue of 24,051, a 6% increase over 2024, driven by a 45% jump in service revenue as offshore projects expanded. Despite higher sales, gross margin declined from 38% to 33% and the company moved from profit to a modest net loss as overhead and Brazil expansion costs rose.
Selling, general and administrative expenses increased 34% to 8,326, including higher headcount, legal costs and a credit loss reserve. Modified EBITDA fell to 970. Management opened a new Brazil facility, settled a legacy lease dispute on favorable terms, and believes liquidity is adequate, though a material weakness in internal controls over financial reporting remains under remediation.
Koil Energy Solutions, Inc. had a large shareholder disclosure showing that IFCM MicroCap Fund LP and related reporting persons beneficially own 1,548,970 shares of its common stock, representing 12% of the outstanding class. The shares are held directly by IFCM MicroCap Fund LP, with Intelligent Fanatics Capital Management LLC as its general partner and Ian Cassel as the sole managing member. The filing is on a passive ownership basis, with the reporting persons certifying that the securities are not held to change or influence control of Koil Energy Solutions.
Koil Energy Solutions investor updates large shareholder position. Ronald Eric Smith filed an amended Schedule 13D reporting beneficial ownership of 1,407,033 shares of Koil Energy Solutions common stock, representing 11.5% of the outstanding shares, based on 12,188,202 shares outstanding as disclosed by the company. The filing explains that the purpose of recent transactions was a reduction of his investment stake to purchase real estate.
The position includes 710,562 shares held indirectly through an IRA, 330,651 shares held directly by Mr. Smith’s spouse, and 23,071 shares held by his spouse through an IRA. The filing states that, under securities laws, Mr. Smith does not admit beneficial ownership of all reported securities beyond those he actually owns. It also notes a negotiated sale on December 3, 2025 of 742,350 shares at $1.35 per share.
Koil Energy Solutions, Inc. director Ian Cassel, through Intelligent Fanatics Capital Management LLC and IFCM MicroCap Fund LP, reported an open-market purchase of common stock. On 12/01/2025, the reporting persons bought 296,000 shares of Koil Energy common stock at $1.35 per share, coded as a purchase in the filing. Following this transaction, they reported beneficial ownership of 1,548,970 shares of common stock. The structure involves the fund holding the shares directly, with IFCM as general partner and Mr. Cassel as sole managing member, and Mr. Cassel disclaiming beneficial ownership beyond his economic interest.
Koil Energy Solutions, Inc. has a new Schedule 13D/A showing that investment firm MAZ Partners LP, its affiliate MAZ Capital Advisers, LLC, and principal Walter Schenker collectively report beneficial ownership of Koil’s common stock. MAZ Partners and MAZ Capital each report 295,492 shares, or about 2.4% of the common stock, while Schenker reports 300,023 shares, or about 2.5%, based on 12,188,202 shares outstanding reported by the company.
The group states it bought the shares for investment purposes but also explicitly intends to influence Koil’s policies and assert shareholder rights, including potential discussions with management and the board on strategy, operations, governance, and future plans. They indicate they may increase or reduce their stake over time through market or private transactions, depending on Koil’s performance, market conditions, and other opportunities.