Kolibri Posts Record Q2 Revenue of $22.5M, Net Income Up 197%
KGEI sits 62% above its 52-week low of $3.35.
Summary
Kolibri Global Energy reported record Q2 2026 results with revenue up 109% to $22.5M and net income up 197% to $8.5M, driven by a 46% production increase and higher oil prices.
Key Events · Earnings and Guidance · KGEI
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Record Q2 Revenue
Revenue net of royalties reached $22.5 million, up 109% from $10.8 million in Q2 2025, driven by a 46% production increase and 41% higher average prices.
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Net Income Nearly Triples
Net income was $8.5 million ($0.24 per basic share), up 197% from $2.9 million ($0.08 per share) a year earlier.
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Adjusted EBITDA Doubles
Adjusted EBITDA rose 114% to $16.4 million, reflecting higher revenue partially offset by increased operating expenses and realized hedging losses.
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Production Growth
Average production was 4,690 BOEPD, up 46% year-over-year, primarily from wells drilled and completed in late 2025.
Analysis · KGEI · Energy & Transportation
The quarter's standout performance was driven by a 46% jump in production and stronger oil prices, pushing revenue more than double year-over-year. Net income nearly tripled to $8.5 million, while Adjusted EBITDA more than doubled to $16.4 million. A larger credit facility, now at $75 million, gives the company additional room to fund its drilling program. These results underscore the growth trajectory as new wells come online.
At the time of this filing, KGEI was trading at $5.42 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $193.1M. The 52-week trading range was $3.35 to $6.61. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.