Key Points – Kolibri Global Energy posted what management called its strongest quarter ever, with record first-quarter production of 4,685 BOE/day, net revenue of $19.6 million, and adjusted EBITDA of $14.8 million. – The company continued to strengthen its balance sheet:…
rrowing capacity was raised to $75 million from $65 million, while net debt edged down to $45 million and management said more paydowns are planned. – Kolibri has a three-well drilling program underway, with the working interest in those wells increased to about 88%; management is also weighing how to allocate extra cash among drilling, debt reduction, and share buybacks. Kolibri Global Energy (NASDAQ:KGEI) reported what management described as the strongest quarter in the company’s history for several operating and financial metrics, with President and CEO Wolf E
Regener saying first-quarter 2026 results included record quarterly production, net revenue and adjusted EBITDA. Regener said first-quarter production averaged 4,685 barrels of oil equivalent per day, up from 4,493 BOE per day in the fourth quarter of 2025. He said the company achieved that production level even though “only March had the impact of the oil price increase.” Regener also noted that, based on 2025 annual production, Kolibri has generated a 35% compound annual production growth rate over the past three years.
Revenue and EBITDA reach company highs Chief Financial Officer Gary Johnson said net revenue rose 20% to $19.6 million, compared with $16.4 million in the prior quarter, driven by higher production. Johnson said average production increased 15% to 4,685 BOE per day from 4,077 BOE per day in the prior quarter, reflecting the contribution from wells drilled during 2025. Adjusted EBITDA increased 16% to $14.8 million, compared with $12.8 million in the prior quarter, primarily due to higher revenue.