Kolibri Reports Q4 Revenue of $14.7M, Down Year-over-Year
Reports Q4 revenue $14.7M vs. $17.4M last year. Average production for the fourth quarter of 2025 was 4,493 BOEPD, an increase of 1% compared to fourth quarter 2024 production of 4,440 BOEPD. The increase is due to production from the new wells drilled at the end of the year which came on production in December 2025. Kolibri's President and Chief Executive Officer, Wolf Regener commented: "We are pleased with the continued production growth of the Company in 2025 to 4,013 BOEPD, which was within our guidance. Over the last three years, we have achieved a fantastic 35% compound annual production growth rate. During 2025, we generated $56.9 million of net revenue and $42.1 of Adjusted EBITD) but they were below our guidance due to fourth quarter oil prices that were 10% below our forecast price as well as delays in new wells coming online due to the drill pipe failure on the Barnes well. The four wells that started production at the end of the year increased our December production to over 5,600 BOE per day. The production and cash flow impact of these wells will now be reflected primarily in our 2026 results. The significant increase in oil prices in March 2026 should further improve our 2026 results. "We look forward to continuing our success with our 2026 drilling program which we are currently finalizing with an expected start date in June. We are preparing multiple pad locations to be able to quickly increase our planned drilling if oil prices remain elevated through 2026, but we expect our capital expenditures to be significantly lower than 2025 levels."
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- Board Nomination Changes: Kolibri Global Energy Inc. announces the nomination of individuals proposed by Tetragon Partners UK LLP for election at the upcoming annual general meeting on May 4, 2026, with existing directors David Neuhauser and Wolf Regener (CEO) continuing, alongside new nominees Glen Brown, Lee Canaan, and Murray Grigg.
- Current Directors Not Seeking Reelection: Current Chairman Evan Templeton, Douglas Urch, and Leslie O'Connor will not stand for reelection, and Kolibri expresses gratitude for their contributions during their tenures while wishing them success in future endeavors.
- Transition Support Commitment: Evan Templeton has committed to assist the Board with transitional matters over the coming months, ensuring a smooth onboarding process for new directors and the advancement of the company's strategic objectives.
- Information Circular Preparation: The company will mail a management information circular to shareholders in the coming weeks, detailing the management nominees and ensuring shareholders are well-informed about the upcoming election and its potential impacts.
- Financial Performance: Kolibri Global Energy reported a FY 2025 GAAP EPS of $0.43, with net revenues of $56.9 million reflecting a 3% decline year-over-year, indicating challenges in profitability amid low oil prices.
- Revenue Decline Factors: The decrease in net revenues was primarily driven by a 16% drop in average prices, although a 15% increase in production suggests the company is navigating market price volatility.
- Production Growth: Average production for 2025 reached 4,013 BOEPD, a 15% increase from 2024's 3,478 BOEPD, highlighting the successful drilling and completion of new wells.
- Market Outlook: Despite the challenges posed by low oil prices, Kolibri Global Energy is viewed as undervalued with high growth potential, leading to a cautiously optimistic market sentiment regarding its future performance.
- Earnings Decline: Kolibri Global Energy Inc. reported a fourth-quarter net income of $3.26 million, translating to earnings per share of $0.09, which is a significant drop from $5.64 million and $0.15 per share in the same period last year, indicating a notable weakening in the company's profitability.
- Revenue Drop: The company's revenue for the fourth quarter was $14.74 million, reflecting a 15.5% decline compared to $17.44 million last year, highlighting increased sales pressure and weak market demand.
- Financial Performance Overview: Under GAAP standards, Kolibri's earnings and revenue fell short of market expectations, which could negatively impact investor confidence and subsequently affect the company's stock price performance.
- Uncertain Future Outlook: With both earnings and revenue declining, Kolibri faces greater market challenges and must implement effective strategies to restore growth and improve its financial condition.
- Production Growth: Average production in 2025 reached 4,013 BOEPD, a 15% increase from 2024, primarily driven by new wells coming online, although revenue decreased due to falling oil prices, indicating the company's ongoing efforts in enhancing output.
- Revenue and Profit Decline: Net revenue for 2025 was $56.9 million, down 3% from 2024, mainly due to a 16% drop in average oil prices despite increased production, reflecting the direct impact of market price fluctuations on the company's financials.
- Surge in Capital Expenditures: Capital expenditures in 2025 soared to $62.6 million, doubling from 2024, primarily due to increased drilling activities, highlighting the company's aggressive investment strategy in expanding production capacity.
- Future Outlook: The company anticipates continuing its drilling activities in 2026 with plans to start new projects in June, demonstrating confidence in future growth despite challenges posed by oil price volatility.
- Significant Reserve Growth: Kolibri Global Energy Inc. reported a 30% increase in proved developed producing reserves for 2025, attributed to a successful drilling program, with the reserves valuation (NPV discounted at 10%) rising by 10% to $189 million, demonstrating the company's resilience in a low oil price environment.
- Slight Increase in Total Reserves: Total proved reserves reached 40.8 million BOEs in 2025, a 1% increase from 2024, as the company drilled nearly all wells in proved locations and produced approximately 1.5 million BOEs, indicating ongoing efforts in resource development.
- Future Growth Potential: The company plans to drill 34.85 net additional wells in 2025, with an expected increase of 10.92 net probable reserves over the next five years, reflecting confidence in future production capabilities, especially with sustained high oil prices.
- Financial Outlook: Despite a decrease of 18% in the tax-preferred NPV of reserves to $440.7 million compared to 2024, the company is actively preparing for its 2026 drilling program, which is expected to further enhance production capacity and optimize financial performance.
- Barnes Wells Performance: The Barnes 6-31-2H well averaged 634 BOEPD over the past 30 days, with a recent five-day average of 529 BOEPD, demonstrating a 22% higher production efficiency compared to the Lovina wells, thereby enhancing the company's netbacks.
- Velin Wells Progress: The Velin 12-9H and 12-10H wells averaged 283 BOEPD and 233 BOEPD respectively, and although early production rates are lower, improvements are expected over time, potentially impacting overall production strategy.
- Oil Mix Optimization: The company's oil production mix exceeded 75% in November, up from 66% in Q3, indicating significant progress in enhancing oil and gas production efficiency and reducing decline rates.
- Future Outlook: The company plans to pay down its line of credit in Q1 2026 and participate in multiple investor conferences, reflecting confidence in future growth and commitment to investors.









