Earnings ·
Kolibri Global Energy Inc. reported unaudited financial results for the six months ended June 30, 2026
KGEIKolibri Global Energy Inc.
Kolibri Global Energy Inc. reported unaudited financial results for the six months ended June 30, 2026. Net income increased to $12.5 million ($0.35 per diluted share) from $8.6 million in the prior year period, driven by a 29% rise in average production to 4,688 BOEPD and higher commodity prices. Oil revenue grew 59% to $47.8 million, while natural gas revenue declined 26%. Adjusted EBITDA rose 52% to $31.3 million. The company maintained compliance with its credit facility covenants, reporting a current ratio of 1.65 and a maximum leverage ratio of 0.88. Available borrowing capacity stood at $30.5 million against a $75.0 million borrowing base following a May 2026 redetermination. Kolibri Global Energy Inc. operates in the oil and gas exploration and production industry, focusing on assets in Oklahoma.