Quarterly ResultMay 14, 2026, 06:47 AM
Kolibri Global Energy Q1 Net Revenue +20% to $19.6M; Net Income $4.0M
AI Summary
Kolibri Global Energy Inc. reported a 20% increase in Q1 2026 net revenues to $19.569 million, driven by a 15% rise in average production to 4,685 BOEPD. Adjusted EBITDA also grew by 16% to $14.8 million. However, net income decreased to $4.027 million from $5.765 million in the prior year, primarily due to a $2.877 million unrealized loss on financial commodity contracts.
Key Highlights
- Oil and gas net revenues increased 20% to $19.569 million in Q1 2026 from $16.372 million in Q1 2025.
- Net income decreased to $4.027 million in Q1 2026 from $5.765 million in Q1 2025.
- Average production rose 15% to 4,685 BOEPD in Q1 2026 from 4,077 BOEPD in Q1 2025.
- Adjusted EBITDA increased 16% to $14.8 million in Q1 2026 from $12.8 million in Q1 2025.
- Unrealized loss on financial commodity contracts was $2.877 million in Q1 2026, compared to $35k in Q1 2025.
- Production and operating expense per BOE increased to $8.00 in Q1 2026 from $7.07 in Q1 2025.
- Working capital deficiency improved to $(5.082) million at March 31, 2026, from $(12.573) million at December 31, 2025.
- Credit facility borrowing capacity was redetermined and increased to $75 million in May 2026.