Kolibri Global Energy Q1 revenue jumps on higher production

Kolibri Global Energy

14/05/2026 11:55

Overview

North America oil and gas producer's Q1 revenue rose yr/yr to record high

Adjusted EBITDA for Q1 increased 16% yr/yr

Net income fell 30% yr/yr due to unrealized loss on commodity contracts

Outlook

Kolibri expects net debt to fall to $25 mln-$30 mln by end-2026

Company forecasts annual capital expenditures to be significantly less than last year

Production from three new wells expected to begin in Q3 2026

Result Drivers

HIGHER PRODUCTION - Q1 production rose 15% yr/yr due to new wells drilled and completed in 2025

OIL REVENUE GROWTH - Oil revenues increased 21% as oil production rose, with average oil prices flat yr/yr

OPERATING EXPENSES - Operating expense per barrel rose due to a workover on a non-operated well, reassessment of prior year fees, and higher water hauling costs

Company press release: ID:nBw6dd6sMa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$19.60 mln
$19.18 mln (1 Analyst)
Q1 EPS
$0.11
Q1 Net Income
$4 mln
Q1 Adjusted EBITDA
Slight Beat*
$14.80 mln
$14.69 mln (1 Analyst)

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 11 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)