Q1 2026 Kolibri Global Energy Inc Earnings Call Transcript
Key Points
- Kolibri Global Energy Inc (KGEI) achieved the highest quarterly production, net revenue, and EBITDA in the company's history.
- Net revenue increased by 20% to $19.6 million compared to the prior year quarter, driven by higher production.
- The company reported a 15% increase in average production, reaching 4,685 barrels of oil equivalent per day.
- Kolibri Global Energy Inc (KGEI) successfully increased its borrowing capacity from $65 million to $75 million.
- The company is in a solid financial position, paying down debt and planning further debt reduction.
- Net income decreased to $4 million from $5.8 million in the same period of 2025, due to a large non-cash mark-to-market unrealized loss on commodity contracts.
- Operating expenses increased by 13% to $8 per BOE, attributed to workover costs and higher water hauling costs.
- The company experienced a decrease in net back, including commodity contracts, compared to the previous year.
- There is uncertainty regarding the impact of new board members on future capital allocation and strategic decisions.
- Kolibri Global Energy Inc (KGEI) faces potential risks from fluctuating oil prices and market conditions affecting cash flow and hedging strategies.
Good day, and welcome to the Kolibri Global Energy's first quarter 2026 financials conference call. All participants will be in a listen-only mode. Media may monitor this call in a listen-only mode. They are free to quote any member of management, but are asked to not quote remarks from any other participant without that participant's permission. If anyone has any trouble and needs assistance, please signal a conference specialist by pressing the star key followed by zero.
After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press then 1 on your touchtone phone. To withdraw your question, please press then 2. Please note this event is being recorded. I advise participants that this conference is being recorded today, May 14, 2026.
This call will be available on the company's website at www.Kolibrienergy.com. Here is a disclaimer. This call may include forward-looking information regarding Kolibri's strategic plans, anticipated production, capital expenditures, exit rates
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