Kolibri Global Energy Q2 profit nearly triples on higher output and prices - KGEI News | RalliesKolibri Global Energy Q2 profit nearly triples on higher output and prices
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KGEI• Outlook
- Kolibri expects production from three Clifton Mack wells to begin at end of Q3 2026
- Company is drilling the Lovina 8-5-1HF well to test the False Caney bench, targeting additional reserves
- No specific financial guidance for revenue, EPS or production was provided
Q2 results
- U.S. oil and gas producer's Q2 revenue rose 109% year/yr on higher production and prices
- Net income for Q2 jumped 197% year/yr, with basic EPS at $0.24
- Adjusted EBITDA more than doubled, rising 114% to $16.4 mln
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|
| Q2 Revenue | Beat | $22.50 mln | $20.86 mln (1 Analyst) |
| Q2 EPS | | $0.23 | |
| Q2 Net Income | | $8.50 mln | |
| Q2 Adjusted EBITDA | Beat | $16.40 mln | $16.14 mln (1 Analyst) |
Result drivers
- Higher production - Co said a 46% production increase was primarily due to new wells drilled and completed in late 2025
- Higher realized prices - Co said a 41% increase in average prices contributed to revenue growth
Valuation note
- The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 8 three months ago
