Kolibri Q3 revenue hits $18.3M, up 22%

Kolibri Global Energy (NASDAQ:KGEI) reported third-quarter 2026 revenue, net of royalties, of US$18.3 million, up 22% from US$15 million a year earlier, driven by a 34% increase in average prices.

The company maintained net income of US$3.6 million, or US$0.10 per basic share, compared with the same figures in the third quarter of 2025, while adjusted EBITDA increased 20% to US$13.3 million from US$11.1 million.

Average production declined 9% to 3,867 barrels of oil equivalent per day (BOEPD) from 4,254 BOEPD, as temporary well shutdowns during drilling and completion operations affected output alongside normal production declines.

The quarter included a US$1 million realized loss and a US$2.4 million unrealized loss on commodity contracts, compared with a US$500,000 unrealized loss in the prior-year quarter, while production and operating expenses increased 14% to US$8.39 per barrel of oil equivalent.

Average netback from operations increased 41% to US$43.48 per BOE, while netback including commodity contracts rose 31% to US$40.55 per BOE, reflecting higher realized commodity prices.

Year-to-date production increased 15% and net revenues rose 43%, while the company maintained its US$75 million credit facility borrowing base, with US$19.5 million in available borrowing capacity at September 30, as it continued developing its Tishomingo field.