May. 14 at 5:53 PM
Kolibri Global Energy Inc. (Nasdaq:
$KGEI, TSX:
$KEI) reported Q1 2026 results, posting the highest quarterly net revenue in company history at
$19.6 million as average production increased 15%.
Kolibri Global Energy Inc. is a B2i Digital Featured Company. See the company’s profile at b2idigital.com/kolibri-global-energy
Q1 2026 Financial Highlights:
• Net revenue of
$19.6 million, up 20% from
$16.4 million in Q1 2025
• Average production of 4,685 BOEPD, up 15% from 4,077 BOEPD in Q1 2025
• Net debt of
$45 million at quarter-end, down from
$46 million at year-end 2025, with
$4 million paid down in April 2026 and another
$4 million expected in May 2026
• Credit facility borrowing base redetermined in May 2026, increased from
$65 million to
$75 million
• Adjusted EBITDA of
$14.8 million, up 16% from
$12.8 million in Q1 2025
• Net income of
$4.0 million (
$0.11 per basic share), compared to
$5.8 million (
$0.16) in Q1 2025, reflecting a
$2.9 million non-cash mark-to-market unrealized loss on commodity contracts driven by higher oil prices
“We are very happy with the first quarter performance of the Company as we had the highest quarterly revenue and Adjusted EBITDA in the Company’s history even though our average oil price was only
$70.31 per barrel in the quarter,” commented Wolf Regener, President and CEO of Kolibri Global Energy. “First quarter 2026 revenue was
$19.6 million with average production increasing by 15% and average prices increasing 2% from the prior year first quarter.”
Kolibri is currently drilling three 1.5-mile lateral wells (Clifton Mack 11-14-1H, 11-14-2H, and 11-14-3H, 88.1% working interest), with fracture stimulation to follow and first production expected in the third quarter of 2026. The company said it plans to reduce net debt to
$25 to
$30 million by year-end 2026.
Read the full press release: https://kolibrienergy.com/kolibri-global-energy-inc-announces-highest-quarterly-net-revenue-in-company-history-of-19-6-million-and-a-15-increase-in-average-production/
Disclosure: David Shapiro, Chief Executive Officer of B2i Digital, personally purchased in the open market and currently owns shares of unrestricted KGEI stock, in line with B2i Digital’s practice of investing alongside its Featured Companies. See the complete Disclosure at https://b2idigital.com/disclaimer. B2i Digital is not a broker-dealer or investment adviser.
