Kolibri Global Energy Q3 revenue rises 22% on higher prices
KGEI•Kolibri Global Energy's third-quarter revenue rose 22% year over year to $18.30 million, while adjusted EBITDA increased 20% to $13.30 million. Net income was $3.60 million, unchanged year over year, as higher revenue was offset by hedging losses.
1. Quarterly results
Kolibri Global Energy reported third-quarter revenue of $18.30 million, up 22% from a year earlier, and adjusted EBITDA of $13.30 million, up 20%. Net income was $3.60 million and earnings per share were unchanged year over year as higher revenue was offset by hedging losses.
2. Production and prices
A 34% increase in average realized prices was the main driver of revenue growth. Production fell 9% due to temporary well shutdowns for drilling and completion work and normal declines; operating expense per barrel rose 14%, mainly because of higher severance taxes, workover costs and chemical costs.
3. Company outlook
Kolibri said new wells are expected to increase production and cash flow in the fourth quarter of 2026 and into 2027. Current production is about 5,700 barrels of oil equivalent per day after new wells were brought online.
