# Koil Energy Solutions, Inc. (KLNG)

> Cited company facts from SEC filings, by Steadybase. Web page: https://steadybase.io/company/koil-energy-solutions-inc/ JSON: https://steadybase.io/company/koil-energy-solutions-inc.json Checked Nov 10, 2026. Latest filing read: Aug 14, 2026.

## Company

- Legal name: Koil Energy Solutions, Inc.
- Ticker: KLNG (OTC)
- SEC CIK: 0001110607
- Industry: Oil & Gas Field Machinery & Equipment (SIC 3533)
- Headquarters: Houston, TX
- Fiscal year ends: December 31
- SEC filer category: Non-accelerated filer<br>Smaller reporting company
- Website: koilenergy.com
- Investor relations: https://www.koilenergy.com/investors/
- LinkedIn: https://www.linkedin.com/company/koilenergy
- Next earnings date: Nov 14, 2026 (estimated from past 8-K timing)

## Key facts

- Revenue: $24.1M for the fiscal year ended Dec 31, 2025 (10-K filed Mar 31, 2026). Source: https://www.sec.gov/Archives/edgar/data/1110607/000168316826002462/0001683168-26-002462-index.html
- Operating income: -$369,000 for the fiscal year ended Dec 31, 2025 (10-K filed Mar 31, 2026). Source: https://www.sec.gov/Archives/edgar/data/1110607/000168316826002462/0001683168-26-002462-index.html
- Net income: -$38,000 for the fiscal year ended Dec 31, 2025 (10-K filed Mar 31, 2026). Source: https://www.sec.gov/Archives/edgar/data/1110607/000168316826002462/0001683168-26-002462-index.html
- SG&A: $8.3M for the fiscal year ended Dec 31, 2025 (10-K filed Mar 31, 2026). Source: https://www.sec.gov/Archives/edgar/data/1110607/000168316826002462/0001683168-26-002462-index.html
- Employees: 68 as of Dec 31, 2025, as reported in an SEC filing. Source: https://www.sec.gov/Archives/edgar/data/1110607/000168316826002462/koil_i10k-123125.htm
- Shares outstanding: 12,255,985 as of Aug 13, 2026 (10-Q filed Aug 14, 2026). Source: https://www.sec.gov/Archives/edgar/data/1110607/000168316826006430/0001683168-26-006430-index.html
- Auditor: Baker Tilly Us, LLP, Houston, Texas, named in the latest 10-K. Source: https://www.sec.gov/Archives/edgar/data/1110607/000168316826002462/koil_i10k-123125.htm

## Business

, a Nevada corporation (the “Company”, “Koil Energy”, “we”, “our” and “us”), is an energy services company that provides equipment and support services to the world’s energy and offshore industries., a Brazilian limited liability company (“Koil Energy Brazil”), which are wholly owned subsidiaries of the Company.

Source: Item 1. Business, https://www.sec.gov/Archives/edgar/data/1110607/000168316826002462/koil_i10k-123125.htm

## Annual results

| Fiscal year ended | Revenue | Operating income | Net income | SG&A |
|---|---|---|---|---|
| Dec 31, 2025 | $24.1M | -$369,000 | -$38,000 | $8.3M |
| Dec 31, 2024 | $22.7M | $2.6M | $2.6M | $6.2M |
| Dec 31, 2023 | $15.3M | -$1.6M | -$1.6M | $6.5M |
| Dec 31, 2022 | $13.0M | -$3.0M | -$2.9M | $6.9M |
| Dec 31, 2021 | $17.2M | -$343,000 | $2.3M | $5.9M |

Each figure comes from the annual report for that year. Filing links for every figure: https://steadybase.io/company/koil-energy-solutions-inc.json

## Officers and directors

- Erik Wiik, President, Chief Executive Officer and Director. Source: 10-K filed Mar 31, 2026, https://www.sec.gov/Archives/edgar/data/1110607/000168316826002462/koil_i10k-123125.htm
- Kurt Keller, Chief Financial Officer. Source: 10-K filed Mar 31, 2026, https://www.sec.gov/Archives/edgar/data/1110607/000168316826002462/koil_i10k-123125.htm

## Recent 8-K events

- Oct 30, 2026: Item 1.01, Entry into a material definitive agreement; Item 3.02, Unregistered sales of equity securities; Item 8.01, Other events; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1110607/000168316826008210/koil_8k.htm
- Jun 17, 2026: Item 1.01, Entry into a material definitive agreement; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1110607/000168316826004890/koil_8k.htm
- May 22, 2026: Item 1.01, Entry into a material definitive agreement; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1110607/000168316826004277/koil_8k.htm
- May 18, 2026: Item 2.02, Results of operations and financial condition (earnings release); Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1110607/000168316826004073/koil_8k.htm
- Apr 1, 2026: Item 2.02, Results of operations and financial condition (earnings release); Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1110607/000168316826002573/koil_8k.htm
- Jun 6, 2025: Item 4.01, Changes in registrant's certifying accountant; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1110607/000168316825004283/koil_8k.htm
- May 21, 2025: Item 2.02, Results of operations and financial condition (earnings release); Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1110607/000168316825003912/koil_8k.htm
- Apr 25, 2025: Item 1.01, Entry into a material definitive agreement; Item 5.02, Departure or appointment of directors or officers; compensation; Item 7.01, Regulation FD disclosure; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1110607/000168316825002821/koil_8k.htm
- Apr 15, 2025: Item 2.02, Results of operations and financial condition (earnings release); Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1110607/000168316825002570/koil_8k.htm
- Jan 15, 2025: Item 5.02, Departure or appointment of directors or officers; compensation; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1110607/000168316825000387/koil_8k.htm

## Insider trades (Form 4)

- Sep 22, 2026: Neal I. Goldman (Director) sold 10,505 shares, about $31,200. Source: https://www.sec.gov/Archives/edgar/data/1110607/000168316826007377/0001683168-26-007377-index.htm
- Sep 17, 2026: Neal I. Goldman (Director) sold 6,800 shares, about $20,604. Source: https://www.sec.gov/Archives/edgar/data/1110607/000168316826007269/0001683168-26-007269-index.htm
- Sep 8, 2026: Neal I. Goldman (Director) sold 21,875 shares, about $67,261. Source: https://www.sec.gov/Archives/edgar/data/1110607/000168316826007042/0001683168-26-007042-index.htm
- Sep 1, 2026: Neal I. Goldman (Director) sold 2,000 shares, about $6,400. Source: https://www.sec.gov/Archives/edgar/data/1110607/000168316826006936/0001683168-26-006936-index.htm
- Aug 26, 2026: Neal I. Goldman (Director) sold 6,125 shares, about $19,600. Source: https://www.sec.gov/Archives/edgar/data/1110607/000168316826006792/0001683168-26-006792-index.htm
- Sep 12, 2025: Mark Carden (Director) sold 50,000 shares, about $98,000. Source: https://www.sec.gov/Archives/edgar/data/1110607/000168316825006997/0001683168-25-006997-index.htm

## What management said

- "I’m extremely proud of the KOIL team delivering another record revenue quarter. In the first quarter, we achieved revenue of $8.2 million, representing a 56% year-over-year increase" Erik Wiik, President and Chief Executive Officer of KOIL Energy (8-K filed May 18, 2026). Source: https://www.sec.gov/Archives/edgar/data/1110607/000168316826004073/koil_ex9901.htm

## Latest filings

- 8-K filed Oct 30, 2026: https://www.sec.gov/Archives/edgar/data/1110607/000168316826008210/koil_8k.htm
- 10-K filed Mar 31, 2026: https://www.sec.gov/Archives/edgar/data/1110607/000168316826002462/koil_i10k-123125.htm
- 10-Q filed Aug 14, 2026: https://www.sec.gov/Archives/edgar/data/1110607/000168316826006430/koil_i10q-063026.htm

## About this data

SEC EDGAR filings, read by Steadybase. Every value links to the filing it came from.
Steadybase covers US-headquartered public companies that file with the SEC. API and MCP access: https://steadybase.io/docs/