What's Happening?
Kolibri Global Energy has announced a 40% increase in production and a 15% rise in net revenues for Q3 2025. The company's average production reached 4,254 BOEPD, driven by new wells drilled and completed
in 2025. Despite a decrease in average prices, net income was $3.6 million, with adjusted EBITDA increasing by 9% to $11.1 million. The company is completing operations on its last four wells for 2025, expecting to exit the year with record production levels.
Why It's Important?
The significant increase in production and revenue highlights Kolibri Global Energy's successful execution of its drilling program. The company's ability to increase production despite lower prices demonstrates operational efficiency and strategic planning. This growth is crucial for maintaining investor confidence and supporting future expansion plans. The focus on oil production, particularly from the Lovina wells, positions the company well in the current energy market.
What's Next?
Kolibri Global Energy plans to complete its last four wells for 2025, which are expected to boost production further in Q1 2026. The company will continue to focus on optimizing its production mix and managing operating expenses to sustain growth. Stakeholders will be monitoring the company's ability to maintain production levels and capitalize on market opportunities.
Beyond the Headlines
The company's reliance on non-GAAP measures such as adjusted EBITDA and netback from operations raises questions about the transparency and comparability of its financial performance. Investors may need to consider these factors when evaluating the company's long-term prospects and financial health.
