Koil Energy Solutions Inc. (KLNG)
OTC PINK OTC PINK Primary Summary
Koil Energy Rallies 41% in a Year: Should You Buy the Stock?
KLNG is capitalizing on a robust offshore energy upcycle, fueled by rising subsea demand, expanding global opportunities, strong contract momentum, and strategic growth initiatives.
KLNG Swings to Earnings in Q1 as Revenues Jump 56% on Contract Wins
Koil Energy posts a Q1 EPS of 2 cents, aided by strong subsea contract activity and international expansion efforts, which drove growth and returned the company to profitability.
Koil Energy Solutions, Inc. (KLNG) Analyst/Investor Day Transcript
Koil Energy Solutions, Inc. (KLNG) Analyst/Investor Day Transcript
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Koil Energy Solutions Inc. Profile
| Energy Equipment & Services Industry | Energy Sector | Erik Wiik CEO | OTC PINK Exchange | 24372A305 CUSIP |
| US Country | 68 Employees | - Last Dividend | 18 Jul 2012 Last Split | - IPO Date |
Overview
Koil Energy Solutions, Inc. is an established energy services company, specializing in supplying equipment and offering comprehensive support to the energy and offshore industries. With roots going back to 1997 and initially operating under the name Deep Down, Inc., the company rebranded to Koil Energy Solutions Inc. in April 2022. Its headquarters are strategically situated in Houston, Texas, a hub for the energy sector. Koil Energy Solutions prides itself on delivering a broad spectrum of engineering and project management services, aimed at enhancing the efficiency and safety of subsea operations. Its clientele spans energy companies, subsea equipment manufacturers, installation contractors, offshore drilling entities, and various organizations engaged in maritime undertakings.
Products and Services
- Engineering and Project Management Services: This encompasses the design, installation, and retrieval of subsea equipment and systems, specializing in connection and termination operations, well-commissioning, and construction support.
- Project Management and Engineering; Spooling; Testing and Commissioning: Koil offers comprehensive management and engineering expertise for various stages of subsea projects, including the critical phases of spooling, testing, and commissioning.
- Storage Management; Refurbishment and Repurposing: They provide effective storage solutions and services for refurbishing and repurposing recovered subsea equipment, ensuring resources are maximally utilized.
- Offshore Interventions Support: The company supports offshore operations with a focus on loose steel tube flying lead and umbilical hardware products, along with riser isolation valves and subsea isolation valve services.
- Installation Aids: Koil Energy Solutions facilitates the installation process through various aids like flying lead installation systems, tensioners, and buoyancy modules among others. These aids are designed to ensure smooth, efficient, and safe installations in challenging subsea environments.
The company’s portfolio is a testament to its commitment to innovation, safety, and operational efficiency, offering solutions that cater to the intricate needs of the offshore energy industry. Through its diverse range of services and products, Koil Energy Solutions Inc. positions itself as a key player in supporting the lifecycle of offshore energy projects from conception to decommissioning.
