Koil Energy Solutions, Inc.
- KLNG · OTC
- Oil & Gas Field Machinery & Equipment
- Houston, TX
- 68 employees
- CIK 0001110607
Updated from SEC filings through
Top things to know
Executives
- Erik Wiik President, Chief Executive Officer and Director 10-K, 2026-03-31
- Kurt Keller Chief Financial Officer 10-K, 2026-03-31
What leadership is saying
“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”
Earnings press release (8-K Ex. 99.1), filed May 18, 2026
Koil Energy Solutions, Inc. is a U.S. public company in oil & gas field machinery & equipment (SIC 3533), headquartered in Houston, TX. It trades as KLNG on OTC. Revenue was $24.1M in the fiscal year ending December 31, 2025, +5.8% from the year before. It reported about 68 employees. Erik Wiik is President, Chief Executive Officer and Director.
Five-year financials
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $24.1M 10-K, 2026-03-31 | $22.7M 10-K, 2026-03-31 | $15.3M 10-K, 2025-04-15 | $13.0M 10-K/A, 2024-06-26 | $17.2M 10-K, 2023-03-31 |
| Operating income | -$369K 10-K, 2026-03-31 | $2.6M 10-K, 2026-03-31 | -$1.6M 10-K, 2025-04-15 | -$3.0M 10-K/A, 2024-06-26 | -$343K 10-K, 2023-03-31 |
| SG&A | $8.3M 10-K, 2026-03-31 | $6.2M 10-K, 2026-03-31 | $6.5M 10-K, 2025-04-15 | $6.9M 10-K/A, 2024-06-26 | $5.9M 10-K, 2023-03-31 |
| Net income | -$38K 10-K, 2026-03-31 | $2.6M 10-K, 2026-03-31 | -$1.6M 10-K, 2025-04-15 | -$2.9M 10-K/A, 2024-06-26 | $2.3M 10-K, 2023-03-31 |
Annual figures from XBRL in each company's own filings. Click a figure to open the filing. SG&A marked derived is general and administrative plus selling and marketing.
Leadership and board
| Name | Title | Source |
|---|---|---|
| Erik Wiik | President, Chief Executive Officer and Director | 10-K, 2026-03-31 |
| Kurt Keller | Chief Financial Officer | 10-K, 2026-03-31 |
What Koil Energy Solutions, Inc. does
, 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.
Item 1. Business, 10-K for the year ending December 31, 2025
Shares and governance
| Shares outstanding | 12.3 million (as of August 13, 2026) | 10-Q, August 14, 2026 |
|---|---|---|
| Public float | $14.2M (as of June 30, 2025) | 10-K, March 31, 2026 |
| Reportable segments | 1 (period ending June 30, 2026) | 10-Q, August 14, 2026 |
| Auditor | Baker Tilly US, LLP (Houston, Texas) | Latest 10-K |
Insider trades
Open-market buys and sales by officers and directors, from Forms 4 and 5. One row per filing.
| Date | Insider | Trade | Shares | Value | Source |
|---|---|---|---|---|---|
| September 22, 2026 | Neal I. Goldman Director | Sale | 10,505 | $31K | Form 4, September 24, 2026 |
| September 17, 2026 | Neal I. Goldman Director | Sale | 6,800 | $21K | Form 4, September 21, 2026 |
| September 8, 2026 | Neal I. Goldman Director | Sale | 21,875 | $67K | Form 4, September 10, 2026 |
| September 1, 2026 | Neal I. Goldman Director | Sale | 2,000 | $6K | Form 4, September 3, 2026 |
| August 26, 2026 | Neal I. Goldman Director | Sale | 6,125 | $20K | Form 4, August 28, 2026 |
| September 12, 2025 | Mark Carden Director | Sale | 50,000 | $98K | Form 4, September 15, 2025 |
Recent 8-K events
- 8-K filed 2026-10-30
- Item 1.01 Entry into a material definitive agreement
- Item 3.02 Unregistered sales of equity securities
- Item 8.01 Other events
- 8-K filed 2026-06-17
- Item 1.01 Entry into a material definitive agreement
- 8-K filed 2026-05-22
- Item 1.01 Entry into a material definitive agreement
- 8-K filed 2026-05-18
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2026-04-01
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2025-06-06
- Item 4.01 Changes in registrant's certifying accountant
- 8-K filed 2025-05-21
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2025-04-25
- 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
- 8-K filed 2025-04-15
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2025-01-15
- Item 5.02 Departure or appointment of directors or officers; compensation
Frequently asked questions about Koil Energy Solutions, Inc.
- What does Koil Energy Solutions, Inc. do?
- In its own words, from Item 1 of its 10-K: ", 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."
- What is Koil Energy Solutions, Inc.'s revenue?
- $24.1M for the fiscal year ending December 31, 2025, from its 10-K filed March 31, 2026.
- Is Koil Energy Solutions, Inc. profitable?
- Koil Energy Solutions, Inc. reported net income of -$38K for the fiscal year ending December 31, 2025.
- How many employees does Koil Energy Solutions, Inc. have?
- About 68 as of December 31, 2025, as stated in its annual report.
- Who is the CEO of Koil Energy Solutions, Inc.?
- Erik Wiik, President, Chief Executive Officer and Director, as named in a 10-K filed March 31, 2026.
- Who is the CFO of Koil Energy Solutions, Inc.?
- Kurt Keller, Chief Financial Officer, as named in a 10-K filed March 31, 2026.
- Where is Koil Energy Solutions, Inc. headquartered?
- Houston, TX.
- What is Koil Energy Solutions, Inc.'s stock ticker?
- KLNG on OTC.
- What industry is Koil Energy Solutions, Inc. in?
- Oil & Gas Field Machinery & Equipment, SIC code 3533.
- What is Koil Energy Solutions, Inc.'s website?
- koilenergy.com. Investor relations: https://www.koilenergy.com/investors/.
- When does Koil Energy Solutions, Inc. report earnings next?
- November 14, 2026. Source: estimate_10q_cadence.
- Is Koil Energy Solutions, Inc. a public company?
- Yes. Koil Energy Solutions, Inc. files with the SEC under CIK 0001110607 and trades as KLNG.
- Who audits Koil Energy Solutions, Inc.?
- Baker Tilly US, LLP, Houston, Texas, as named in its latest annual report (10-K).
- How many shares of Koil Energy Solutions, Inc. are outstanding?
- 12.3 million shares as of August 13, 2026, from its 10-Q filed August 14, 2026.
- What is Koil Energy Solutions, Inc.'s public float?
- $14.2M as of June 30, 2025, as reported on the cover of its 10-K filed March 31, 2026.
- How many business segments does Koil Energy Solutions, Inc. report?
- 1 reportable segment for the period ending June 30, 2026, from its 10-Q filed August 14, 2026.
- Have Koil Energy Solutions, Inc. insiders traded stock recently?
- Since September 12, 2025, officers and directors reported 6 open-market sales worth about $243K and 0 purchases on Forms 4 and 5. The most recent: Neal I. Goldman (Director) sold 10,505 shares on September 22, 2026.