Kolibri Global Energy (KEI) Q3 2026 earnings summary

Executive summary

• Q3 revenue, net of royalties, rose 22% YoY to $18.310M and adjusted EBITDA increased 20% to $13.3M; production fell 9% to 3,867 BOEPD.

• For 9M 2026, revenue, net of royalties, reached $60.421M, production rose 15% to 4,412 BOEPD, and adjusted EBITDA increased 41% to $44.6M.

• 9M net income increased 31% to $16.064M from $12.216M; Q3 net income was $3.567M versus $3.598M.

Financial highlights

• Q3 gross oil and gas revenue rose 22% to $23.1M; 9M gross revenue increased 42% to $76.2M.

• Q3 adjusted EBITDA was $13.3M versus $11.1M; 9M adjusted EBITDA was $44.6M versus $31.6M.

• 9M basic and diluted EPS were $0.45 versus $0.34; Q3 basic EPS was $0.10 in both years.

• Operating cash flow was $11.6M in Q3 and $39.549M for 9M, compared with $6.7M and $29.175M, respectively.

• Capital expenditures were $19.8M in Q3 versus $17.4M; 9M additions to PP&E were $43.329M versus $44.2M.

Outlook and guidance

• FY 2026 capital spending guidance rose to $47M–$48.5M from the prior $38M–$43M range.

• Four new wells are expected to contribute to Q4 results and support production and cash flows into year-end 2026 and 2027; post-startup production was ~5,700 BOE/day.

• Additional Caney/Sycamore wells are planned as cash flow, financing and economic conditions permit; development plans were unchanged by recent oil-price volatility.

• Development funding is expected from operating cash flow and potentially available facility capacity; additional oil and gas acquisitions remain an objective.

• Oil hedges at September 30 covered periods from Q4 2026 through Q4 2027; October collars covered 24,000 barrels in Q3 2027 and 51,000 barrels in Q1 2028.