Kolibri Global Energy management commentary attributes Q3 2026 adjusted EBITDA growth of 20% to higher revenue
KGEI•KGEI•KGEI•KGEI•Kolibri Global Energy reported third-quarter 2026 adjusted EBITDA of $13.3 million, up 20%, as net revenue rose 22%. Net income was $3.57 million, while production fell 9% to 3,867 BOEPD.
Kolibri Global Energy management attributed third-quarter 2026 net income of $3.57 million to higher revenue, partly offset by commodity-contract losses. Net revenue rose 22% as average prices increased 34%, outweighing a 9% production decline to 3,867 BOEPD. Adjusted EBITDA increased 20% to $13.3 million, driven by revenue growth and partly offset by operating expenses and realized commodity-contract losses. Production fell primarily because of temporary well shut-ins during drilling and completion operations, alongside normal declines. For the first nine months, net income was $16.06 million, compared with $12.22 million a year earlier.
