Operator

Good morning, ladies and gentlemen. Welcome to Koil Energy's First Quarter 2026 Conference Call. [Operator Instructions] As a reminder, this call is being recorded today, Friday, May 15, 2026.

A detailed disclaimer related to Koil Energy's forward-looking statements is included in the press release issued this morning and filed with the SEC. It is also available on the company's website, koilenergy.com or upon request.

A reconciliation of non-GAAP financial measures used in the press release and on today's call is included in the press release and on the website. Listeners are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. Koil Energy also undertakes no obligation to revise any of its forward-looking statements to reflect events or circumstances after the date made.

At this time, I'd like to turn the call over to CEO, Erik Wiik. Please go ahead.

Erik Wiik
CEO, President & Director

Good morning, everyone. Thank you for joining us today. In this briefing, I'll be presenting an overview of our financial performance for the first quarter of 2026. I will also share our renewed growth strategy towards 2030 and discuss how Koil Energy is planning to accelerate further growth. Finally, I'll be happy to answer any questions you may have. Kurt Keller, Chief Financial Officer of Koil Energy, is joining me, and he will provide more details on the numbers.

I'm extremely proud of the Koil team delivering another record revenue for this company. In this quarter, we achieved revenue of $8.2 million, representing a 56% year-over-year increase