Kolibri Global Energy Q1 revenue jumps on higher production


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


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