Kolibri Global Reports Q3 2026 Revenue Growth Driven by Higher Commodity Prices
Kolibri Global (KGEI) reported third-quarter revenue of $18.3 million, a 22% increase year-over-year, primarily fueled by a 34% rise in average commodity prices. While Adjusted EBITDA grew 20% to $13.3 million due to higher realized prices, net income remained flat at $3.6 million as gains were offset by noncash mark-to-market adjustments on commodity contracts. Production for the quarter saw a 9% decline to 3,867 barrels of oil equivalent per day due to temporary shut-ins and field declines; however, current production has rebounded to 5,700 barrels of oil equivalent per day following new well completions. The company increased its full-year capital expenditure guidance to a range of $47 million to $48.5 million to support ongoing drilling programs.
Topics: commodity prices EBITDA net income production decline revenue growth