Kolibri Global Energy Q2 profit nearly triples on higher output and prices
Kolibri Global Energy Q2 profit nearly triples on higher output and prices
Overview
U.S. oil and gas producer's Q2 revenue rose 109% yr/yr on higher production and prices
Net income for Q2 jumped 197% yr/yr, with basic EPS at $0.24
Adjusted EBITDA more than doubled, rising 114% to $16.4 mln
Outlook
Kolibri expects production from three Clifton Mack wells to begin at end of Q3 2026
Company is drilling Lovina 8-5-1HF well to test False Caney bench, targeting additional reserves
No specific financial guidance for revenue, EPS or production was provided
Result Drivers
HIGHER PRODUCTION - Co said 46% production increase was primarily due to new wells drilled and completed in late 2025
HIGHER REALIZED PRICES - Co said 41% increase in average prices contributed to revenue growth
OPERATING COSTS - Co said operating expense per barrel rose 24% due to workover costs on a non-operated well and higher water hauling costs
Company press release: ID:nBw5NCRZFa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Beat | $22.50 mln | $20.86 mln (1 Analyst) |
Q2 EPS |
| $0.23 |
|
Q2 Net Income |
| $8.50 mln |
|
Q2 Adjusted EBITDA | Beat | $16.40 mln | $16.14 mln (1 Analyst) |
Analyst Coverage
The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 8 three months ago
Reuters Recommended Reads
Aug 10 - Phoenix Energy Q2 revenue more than doubles on higher output and oil prices
Aug 10 - HighPeak Energy Q2 net income more than triples on higher crude prices
Aug 12 - Battalion Oil Q2 revenue rises on higher prices despite lower output
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.)