Subsea equipment provider Koil Energy's Q3 revenue rises 22%

Reuters
Nov 14, 2025
Subsea equipment provider Koil Energy's Q3 revenue rises 22%

Overview

  • Koil Energy Q3 revenue grows 22% yr/yr to $6.4 mln

  • Adjusted EBITDA margin at -3% due to receivable write-off

  • Company expands into renewables, secures first contracts in Brazil

Outlook

  • Company remains confident in delivering long-term growth strategy

  • Koil Energy sees potential profit upside from receivable collection

  • Company is increasing project contingencies to manage cost volatility

Result Drivers

  • SERVICE REVENUE GROWTH - Service revenue increased by 33% driven by strong order intake

  • RENEWABLES EXPANSION - Successful entry into renewables with subsea power cable project

  • BRAZIL CONTRACTS - First contracts in Brazil secured, including maintenance and rental agreements

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

$6.37 mln

Q3 Net Income

-$413,000

Q3 Basic EPS

-$0.03

Q3 Operating Income

-$462,000

Q3 Pretax Profit

-$405,000

Press Release: ID:nGNXbpDchh

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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