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Recent Updates — KGEI

August 13, 2026View Source ↗

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.