The record revenue and EBITDA with a clear debt-reduction plan and expanded credit facility are strong operational signals. The $2.9M hedging loss is non-cash and reverses if oil prices stabilize. Watch for Q2 production updates from the three new wells and continued debt paydown trajectory toward $25-30M by year-end.
Price Chart
Executive Summary
Kolibri Global Energy reported record quarterly net revenue of $19.6M for Q1 2026, up 20% YoY, driven by 15% production growth to 4,685 BOEPD. Adjusted EBITDA rose 16% to $14.8M. However, net income fell 30% to $4.0M ($0.11/share) due to a $2.9M non-cash mark-to-market loss on commodity hedges from rising oil prices. The credit facility borrowing base was increased from $65M to $75M in May 2026, and management guided for net debt reduction to $25-30M by year-end.
Key Facts
- Record quarterly net revenue of $19.6M, up 20% YoY from $16.4M
- Average production of 4,685 BOEPD, up 15% YoY from 4,077 BOEPD
- Adjusted EBITDA of $14.8M, up 16% YoY from $12.8M
- Net income of $4.0M ($0.11/share) vs $5.8M ($0.16/share) in Q1 2025, down 30% due to $2.9M unrealized hedging loss
- Credit facility borrowing base increased from $65M to $75M in May 2026
- Net debt of $45M at Q1 end; management targets $25-30M by end of 2026
- Three new 1.5-mile lateral wells being drilled, production expected in Q3 2026
- Capital expenditures of $1.9M vs $10.0M in Q1 2025, down 81%
Financial Impact
Net revenue +$3.2M YoY; Adjusted EBITDA +$2.0M YoY; net income -$1.7M YoY due to non-cash hedging loss
Risk Factors
- Oil price volatility could cause further mark-to-market hedging losses
- Operating expenses per BOE rose 13% YoY to $8.00, partly due to one-time workover costs
- Geopolitical risks from the Iran conflict could disrupt operations or supply chains
- Working capital deficit of $5.1M, though offset by $16.5M borrowing capacity
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 9 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001493152-26-022860 |
| Exhibit: ex99-1.htm | 0001493152-26-022860 |
| Exhibit: ex99-5.htm | 0001493152-26-022860 |
| Exhibit: ex99-4.htm | 0001493152-26-022860 |
| Exhibit: ex99-3.htm | 0001493152-26-022860 |
| Document: form6-k.htm | 0001493152-26-022860 |
| Document: 0001493152-26-022860-index-headers.html | 0001493152-26-022860 |
| Document: 0001493152-26-022860-index.html | 0001493152-26-022860 |
| Document: 0001493152-26-022860.txt | 0001493152-26-022860 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 15, 2026 12d ago | 6-K | $6.62 $6.91 | ▲ +4.38% | ▲ +5.40% | $7.04 (+6.34%) |
Sep 21, 2026 5w ago | 6-K | $6.70 $6.43 | ▼ −4.03% | ▼ −3.01% | $7.04 (+5.07%) |
May 14, 2026 23w ago | 6-K | $5.45 $5.94 | ▲ +8.99% | ▲ +9.71% | $7.04 (+29.17%) |
May 11, 2026 24w ago | 6-K | $5.37 $6.50 | ▲ +21.04% | ▲ +21.13% | $7.04 (+31.10%) |
Apr 13, 2026 28w ago | 6-K | $5.29 $5.08 | ▼ −3.97% | ▼ −7.27% | $7.04 (+33.08%) |
Apr 13, 2026 28w ago | 6-K | $5.29 $5.08 | ▼ −3.97% | ▼ −7.27% | $7.04 (+33.08%) |
US Market Status
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