KOIL Energy Reports Second Quarter 2026 Results

HOUSTON, Aug. 13, 2026 (GLOBE NEWSWIRE) -- KOIL Energy Solutions, Inc. (OTCQB: KLNG), a specialist in deepwater energy production and distribution equipment and services, today announced its second quarter 2026 results. * Record revenue of $9.2 million, 78% year-over-year increase compared to second quarter of 2025 * Adjusted EBITDA of $1.1 million, or 12% of revenue * Fourth quarter of sequential quarterly double-digit revenue growth * Record 115% year-over-year growth for services contracts * Revenues from fixed priced contracts grew 49% year-over-year * Major investment in rental equipment * New $5 million lending facility to support continued growth “With strong momentum across the subsea industry, KOIL’s team remains sharply focused on execution and growth, delivering record financial performance quarter after quarter.” said Erik Wiik, President and Chief Executive Officer of KOIL Energy. “Our second‑quarter results reflect the strength of a top‑tier sales team and outstanding project execution. Bold investments in rental equipment and the flawless work of our service technicians fueled record‑setting growth in our services business.”