Kolibri Global Energy Inc. (KEI) Earnings Call Transcripts

Kolibri Global Energy Inc.'s Latest Earnings Call - Q1 FY2026

In Q1 2026, Kolibri Global Energy Inc. (KEI:CA) reported record production, net revenue, and EBITDA, signaling strong operational performance. Revenue increased by 20% to $19.6 million, while adjusted EBITDA rose 16% to $14.8 million. However, net income fell to $4 million or $0.11 per share, impacted by a noncash mark-to-market loss on commodity contracts. Management maintained a positive outlook, indicating plans for further production increases and potential share buybacks, while also announcing an increase in borrowing capacity from $65 million to $75 million.

Reported metrics

Guidance from management

Management indicated plans to continue increasing production and may adjust capital allocation strategies based on cash flow from operations. No specific numerical guidance was provided for future revenue or production increases.

What management said

Just drilling and then third quarter, like we put in the press release that we'll be hopefully bringing those wells on at that point in time when we get closer. I try to stay away from that because there's some fluctuations when you get exact weeks of having completion [indiscernible] out there and things like that. So I'd rather be a little vague, no offense in order to [indiscernible] anything wrong.

No, not yet. Not yet, not on the operating side of things, and that shouldn't really change. Most of our costs are pretty locked in. And like you said, it's -- that was out of our control, out of our hands, lineup of rework and stuff like that. And then a little bit on the water handling things. It's just from our fracture stimulations that we did last year for the offset wells. So that little higher water handling c...

What analysts pressed on

Analysts expressed concerns about the rising operational costs and the impact of inflation on future expenses. There were also questions regarding the timing and completion of the ongoing drilling program.

Main topics on the call

• Record Production and Revenue — Kolibri achieved its highest quarterly production of 4,685 BOE per day, a 15% increase year-over-year, contributing to a 20% rise in net revenue to $19.6 million. CEO Wolf Regener stated, "Our first quarter resulted in t...
• Impact of Oil Prices — The increase in oil prices in March positively influenced cash flow, with average prices at $70.31 per barrel. Regener noted, "The timing of the oil price increase right now is really great, and it's benefiting our cash ...
• Debt Management — Kolibri reduced its net debt to $45 million from $46 million, with plans for an additional $4 million paydown later in May. CFO Gary Johnson highlighted, "We have been paying down on our credit facility."
• Operational Costs Increase — Operating expenses rose to $8 per BOE, up 13% from the prior year, attributed to workover costs and higher water hauling expenses. Management indicated that these costs were largely one-time events.

Read the full Kolibri Global Energy Inc. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 10 Kolibri Global Energy Inc. earnings call transcripts on record, spanning November 14, 2023 to May 14, 2026. Based on this history, Kolibri Global Energy Inc. reports quarterly. The most recent call on file is dated May 14, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

KEI

Exchange

TSX

Country

CA

Sector

Energy

Industry

Oil, Gas and Consumable Fuels

Calls on record

10

First call

November 14, 2023

Most recent

May 14, 2026

Reporting cadence

quarterly