StockData
KLNGOTCOil & Gas Field Machinery & EquipmentFiscal year ends December 31

Koil Energy Solutions, Inc.

Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 14, 2026
$2.91+0.01 (+0.21%)

Close on Oct 19, 2026

Market cap
$37.18K
P/E (TTM)
–
Dividend yield
–

About Koil Energy Solutions

Oil & Gas Field Machinery & Equipment, SIC 3533

Koil Energy Solutions, Inc. provides specialized equipment and technical support services for offshore and energy projects, primarily in deepwater oil and gas operations. The company's offerings include distribution system installation support, umbilical terminations, loose-tube steel flying leads, subsea isolation valves, and bespoke installation aids. It also delivers project management, engineering, spooling, testing, commissioning, storage management, and subsea equipment refurbishment services. These solutions serve operators, installation contractors, and equipment manufacturers, with primary clients including major integrated, large independent, and national energy enterprises.

The company operates as a single business segment with activities conducted primarily through subsidiaries in the United States and Brazil. Koil Energy operates manufacturing, engineering, and storage facilities in Houston, Texas, which feature dedicated clean welding and tube bending spaces. As of year-end 2025, the organization employs 68 workers, including 67 full-time personnel, and utilizes independent contractors for operational flexibility. The company maintains its principal corporate headquarters in Houston, Texas.

Summary of the business section of Koil Energy Solutions's latest annual report, written by StockData.

Company profile

Company

Legal name
Koil Energy Solutions, Inc.
Headquarters
Houston, TX
Address
1310 Rankin Road 77073
Phone
(281) 517-5000
Employees
68, Dec 31, 2025
Industry
Oil & Gas Field Machinery & Equipment
Incorporated in
Nevada
Fiscal year ends
December 31
Auditor
Baker Tilly US, LLP, Houston, Texas

Stock & identifiers

Ticker
KLNG
Exchange
OTC
IPO date
Jun 23, 2000
Shares outstanding
12M, Aug 13, 2026
Public float
$14.25M, Jun 30, 2025
Filer category
Non-accelerated filer<br>Smaller reporting company
Stock splits
1-for-20 reverse, Nov 13, 2012; 1-for-20 reverse, Jul 18, 2012; 1-for-60 reverse, Apr 19, 2005; 1-for-65 reverse, Mar 6, 2003; 1-for-10 reverse, Oct 29, 2001
SEC CIK
1110607
CUSIP
24372A305
ISIN
US24372A3059
EIN
75-2263732

Executives and directors

Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years

NamePositionShares owned
Neal I. GoldmanDirector752,695
David J. DouglasDirector3,068,182
Mark CardenDirector110,980

Employees

Headcount reported in annual reports

“At December 31, 2025, we had a total of 68 employees,”

Corporate history

Events identified from SEC filings

DateEventDetails
Jun 6, 2025Auditor changeChange in certifying accountant (8-K Item 4.01)
May 15, 2025Late filingNotification of late filing
Mar 31, 2025Late filingNotification of late filing
Feb 21, 2023Name changeName changed from Deep Down, Inc. to Koil Energy Solutions, Inc.
Apr 1, 2019Late filingNotification of late filing
Nov 17, 2017Auditor changeChange in certifying accountant (8-K Item 4.01)
Mar 16, 2016Acquisition / saleCompletion of acquisition or disposition of assets (8-K Item 2.01)
Jun 16, 2011Auditor changeChange in certifying accountant (8-K Item 4.01)
Jun 15, 2011Acquisition / saleCompletion of acquisition or disposition of assets (8-K Item 2.01)
May 17, 2011Late filingNotification of late filing
Mar 31, 2011Late filingNotification of late filing
Jan 5, 2011Acquisition / saleCompletion of acquisition or disposition of assets (8-K Item 2.01)
Nov 15, 2010Late filingNotification of late filing
Jul 9, 2010Auditor changeChange in certifying accountant (8-K Item 4.01)
Jul 7, 2010Auditor changeChange in certifying accountant (8-K Item 4.01)
Apr 1, 2010Late filingNotification of late filing
Aug 17, 2009Late filingNotification of late filing
Jul 14, 2009Auditor changeChange in certifying accountant (8-K Item 4.01)
Jun 2, 2009Acquisition / saleCompletion of acquisition or disposition of assets (8-K Item 2.01)
Aug 15, 2008Late filingNotification of late filing
Jul 2, 2008Acquisition / saleCompletion of acquisition or disposition of assets (8-K Item 2.01)
Jun 9, 2008Acquisition / saleCompletion of acquisition or disposition of assets (8-K Item 2.01)
Jun 6, 2008Acquisition / saleCompletion of acquisition or disposition of assets (8-K Item 2.01)
May 16, 2008Late filingNotification of late filing
Mar 20, 2008Acquisition / saleCompletion of acquisition or disposition of assets (8-K Item 2.01)
Jan 9, 2008Acquisition / saleCompletion of acquisition or disposition of assets (8-K Item 2.01)
Aug 14, 2007Late filingNotification of late filing
Jun 18, 2007Acquisition / saleCompletion of acquisition or disposition of assets (8-K Item 2.01)
May 16, 2007Late filingNotification of late filing
Apr 2, 2007Acquisition / saleCompletion of acquisition or disposition of assets (8-K Item 2.01)