$KEI.TO

Kolibri Global Energy's Q1 Net Income Falls 30% YoY

Kolibri Global Energy's (KEI.TO) net income dropped 30% year over year in the first quarter, the company said Thursday.Kolibri booked a net income of US$4.0 million, or $0.11 per share, in the three months ended March 31, falling from $5.8 million, or $0.16 per share, posted a year ago.Analysts expected Kolibri to report earnings of $0.17 per share, according to a consensus estimate compiled by FactSet.The company attributed the decline to a $2.9 million mark-to-market unrealized loss on commodity contracts due to the significant increase in oil prices.Revenue jumped to a record $19.6 million in the first quarter from 16.4 million last year, driven by higher production and higher average prices.Average production rose 15% to 4,685 barrels of oil equivalent per day (boe/d) from 4,077 boe/d in the previous year.

Earnings Flash (KEI.TO) Kolibri Global Energy With Highest Quarterly Net Revs in Co History of US$19.6M and a 15% Increase in Average Production

KEI Unit's Credit Facility Borrowing Base Raised to US$75 Million; Shares Rise Premarket

Kolibri Global Energy (KEI.TO, KGEI) said the borrowing base of its unit Kolibri Energy US Inc. was increased from US$65 million to US$75 million on its revolving line of credit, on Monday.The current outstanding amount drawn on the credit facility is about US$44 million. The other terms of the credit facility remain the same."While we expect to make another debt paydown of US$4 million this month on the Credit Facility, the increase in our borrowing base provides us with greater flexibility, supports our production and cash flow growth initiatives, and further demonstrates the value of the field," said Kolibri Global Energy Chief Executive Wolf Regener. "We continue to forecast our year-end net debt to be between US$25 to US$30 million."U.S.-listed shares of the company were last seen up 4.4% at US$5.35 in pre-market trading.The company also said it expects to release financial and operating results for the first quarter of 2026 before the market opens on May 14, 2026.

Kolibri Global Energy Announcing Bank Line Increase to US$75 Million

Kolibri Global Energy Accelerates Drill Campaign Amid Oil Price Spike

Kolibri Global Energy (KEI.TO) said Monday that it will accelerate its plan to drill three 1.5-mile lateral wells in the Tishomingo field in Oklahoma amid the recent spike in oil prices.The company said it expects to begin drilling the Clifton Mac 11-14-1H, Clifton Mac 11-14-2H, and Clifton Mac 11-14-3H wells next week.As a result, Kolibri expects its 2026 average production to rise 10%-20% year over year to a range of 4,400-4,800 barrels of oil equivalent per day. Revenue is projected to climb 30%-39% to a range of US$74 million-US$79 million.The company also forecast a 31%-43% increase in adjusted EBITDA to a range of $55 million-$60 million. All estimates are based on an oil price of $74 per barrel."The cash flow generated will be used to pay down debt, return capital to shareholders, and also provides us with the ability to drill more wells this year," chief executive Wolf Regener said. "If oil prices remain elevated above our base forecast case, this would result in even greater free cash flow and provide us with more options."

Kolibri Global Energy Providing Operations and Corporate Update