Equities
Kolibri Global Energy Raises 2026 Revenue Forecast
Kolibri Global Energy (KGEI) expects 2026 revenue of $78 million to $84 million, it said Monday.A single analyst surveyed by FactSet expects $88 million.The company said the revised forecast assumes a $70 oil price for the rest of the year.The company is also shifting strategy from mainly developing its Lower Caney in the company's Tishomingo field in Oklahoma to other benches that can be economically developed, including the False Caney, the Upper Caney, the T-zone, and the Sycamore, the company said.The company is also adding an additional well to its 2026 drilling program, which will target the False Caney, the company said.
$KGEI
