Koil Energy Solutions, Inc. is an energy services company specializing in subsea distribution equipment and support services for offshore energy projects globally, demonstrating recent revenue growth and active project engagement.

# Company Summary: Koil Energy Solutions, Inc.

## Business Overview
- **Type of Business:** Energy services company providing equipment and support services to the global energy and offshore industries.
- **Core Services & Solutions:**
  - Distribution system installation support and engineering services
  - Umbilical terminations and loose-tube steel flying leads
  - Support for subsea engineering, manufacturing, installation, commissioning, and maintenance projects worldwide
  - Supports all aspects of subsea field development
  - Refurbishment and intervention of recovered subsea equipment for offshore operations
- **Product Offerings:**
  - **Flying Leads:** Steel tube umbilical jumpers supporting hydraulic and chemical transfer, with flagship LSFL® designed to lay flat on the seafloor
  - **Umbilical Hardware:** Lightweight, compact connectors (UTA), Bend Stiffener Latchers®, and related hardware for subsea connections
  - **Riser & Subsea Isolation Valves:** Hydraulic control systems for subsea production valves with installation and commissioning support
  - **Installation Aids:** Equipment such as lay chutes, buoyancy modules, carousels, and deployment systems
  - **Manufacturing Capabilities:** Fabrication facilities in Houston, Texas, ISO 9001 certified, with capacity for large turnkey projects
- **Markets Served:**
  - Mainly offshore oil and gas industry
  - Additional markets include offshore wind, wave energy, hydrogen, and LNG
- **Customer Base:**
  - Major integrated energy companies
  - Large independent and foreign national companies
  - Subsea equipment manufacturers and contractors
- **Operations:**
  - Supports customers worldwide, with a focus on complex and critical offshore projects
  - Offers engineering, project management, testing, installation, and commissioning services

## Employees & Infrastructure
- **Employees:** 63 full-time employees as of December 31, 2024
- **Main Facility:**
  - Location: Houston, Texas, at 1310 Rankin Road
  - Size: Approximately 101,000 sq ft for office, manufacturing, and storage
  - Lease: 10-year term starting August 1, 2022, base rate of $78,000/month with 2% annual increase
  - Additional storage space in Mobile, AL (about 19,000 sq ft) leased month-to-month

## Financial Highlights
- **Revenue:**
  - 2024: $22.7 million
  - 2023: $15.3 million
  - **Increase:** 48% year-over-year
- **Net Income:**
  - 2024: $2.6 million
  - 2023: Loss of $1.6 million
- **Gross Profit:**
  - 2024: $8.7 million (38% margin)
  - 2023: $4.85 million (32% margin)
- **Market Capitalization:** As of June 30, 2024, approximately **$15.56 million** in market value of non-family/non-affiliate shares
- **Stock Data:** 
  - 12,388,202 shares of common stock outstanding as of March 27, 2025
  - Stock traded on OTCQB under the symbol **KLNG**

## Additional Information
- **Business Focus:** Support for offshore subsea development, with a strategic emphasis on increasing market share through significant contract wins and expanding into new regions like Brazil.
- **Recent Developments:**
  - Awarded major projects including subsea safety systems, umbilical re-termination, and electrical/hydraulic manifolds
  - Formed partnerships and strategic alliances, including one in Norway for subsea technology
  - Secured new contracts for high-pressure subsea equipment, scheduled for delivery in late 2025

**Summary:** Koil Energy Solutions specializes in designing and manufacturing advanced subsea distribution equipment, providing support services for offshore oil and gas projects, with a significant growth in revenue and active project pipeline, targeting the offshore energy sector globally.

Koil Energy Solutions, Inc. is an energy services company based in Houston, Texas, that provides innovative equipment and support services to the offshore oil and gas industry.

### Koil Energy Solutions, Inc. Overview

#### Company Profile
- **Name:** Koil Energy Solutions, Inc.
- **Ticker Symbol:** KLNG 
- **Headquarters:** Houston, Texas
- **Website:** [koilenergy.com](http://www.koilenergy.com)
- **Number of Employees:** 51 full-time employees (as of December 31, 2023)

#### Business Focus
Koil Energy is an energy services company that provides equipment and support services primarily to the offshore oil and gas industry, as well as sectors like offshore wind, wave energy, hydrogen, and liquefied natural gas. 

#### Key Services
1. **Project Management and Engineering:**
   - Offers design, engineering, and project management for subsea equipment and systems.
   - Specializes in steel tube flying leads, umbilicals, flexible and rigid risers, and flowlines.

2. **Spooling Services:**
   - Provides planning and supervision of pull-in and spooling needs for umbilicals and flying leads.

3. **Testing and Commissioning:**
   - Conducts various types of testing including factory acceptance and system integration testing.
   - Offers offshore installation and commissioning services.

4. **Storage Management:**
   - Operates a facility in Houston for warehousing, material handling, and inventory management.

5. **Equipment Refurbishment:**
   - Refurbishes subsea equipment and provides support for offshore interventions.

#### Products
- **Flying Leads:** Designs and manufactures umbilical jumpers, including the flagship Loose Steel Tube Flying Lead (LSFL®), which minimizes residual memory from traditional products.
- **Umbilical Hardware:** Creates lightweight umbilical terminations and refurbishment services.
- **Isolation Valves:** Offers Riser Isolation Valves and Subsea Isolation Valve control systems for enhanced safety and operational efficiency.
- **Installation Aids:** Develops specialized tools for subsea equipment installation.

#### Market Presence
- **Customer Base:** Serves major integrated, large independent, and foreign national energy companies, along with subsea equipment manufacturers and installation contractors.
- **Number of Customers:** While specific customer numbers are not disclosed, Koil Energy serves a diverse clientele which spans various sectors of the energy industry.
- **Revenue and Income:** Specific financial figures such as revenue and income were not mentioned in the provided text.

#### Competition
Koil Energy operates in a competitive environment with significant players in the offshore drilling and maritime equipment markets. The company competes based on product quality, technology, price, and timely delivery.

#### Regulatory Compliance
The company complies with various federal, state, and local laws affecting the energy industry and maintains high standards to ensure environmental protection and safety.

#### Cybersecurity Measures
Koil Energy implements robust cybersecurity strategies, including incident response plans, cyber insurance, and ongoing risk assessments, to protect its and its customers' information systems.

#### Facilities
- **Primary Operating Facility:** 1310 Rankin Road, Houston, TX, approximately 101,000 square feet.
- **Additional Storage Facility:** Approximately 19,000 square feet in Mobile, AL, leased on a month-to-month basis. 

Overall, Koil Energy Solutions, Inc. emphasizes innovation, quality, and safety in providing critical services and products to its customers in the energy sector.

Koil Energy Solutions, Inc.

10-K / April 15, 2025

10-K / June 26, 2024

10-K / April 15, 2025

Company Summary: Koil Energy Solutions, Inc.

Business Overview

Employees & Infrastructure

Financial Highlights

Additional Information