KGEI Earnings Prediction
The chart below shows how KGEI performed 10 days before and after its earnings report, based on data from the past quarters. Typically, KGEI sees a -0.16% change in stock price 10 days leading up to the earnings, and a -0.42% change 10 days following the report. On the earnings day itself, the stock moves by +0.69%. This data can give you a slight idea of what to expect for the next quarter's release.
KGEI Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
13.01M
2.06%
-6.52%
Gross Margin
60.53%
5.27%
3.90%
Operating Margin
48.22%
2.40%
8.80%
Net Margin
38.94%
114.07%
33.45%
EPS
0.14
133.33%
27.27%
No Data Available
KGEI Earnings Analysis
Kolibri Global Energy Inc. Common Stock Corporation (KGEI.O) Earnings Conference Call
Positive
Production Increase: 1. Increased Production: Average production rose by 11% to 3,032 BOE per day compared to 2,737 BOE per day in the prior year quarter, driven by new wells drilled over the last 12 months.
Adjusted EBITDA Increase: 2. Higher Adjusted EBITDA: Adjusted EBITDA increased by 6% to $10.1 million from $9.5 million in the prior year quarter, reflecting the benefits of higher production levels.
Net Income Surge: 3. Significant Net Income Growth: Net income for the quarter reached $5.1 million, representing a 118% increase compared to $2.3 million in the prior year quarter, attributed to higher revenue and favorable adjustments on hedges.
Operational Cost Savings: 4. Cost Reduction in Operations: Operating expenses decreased by 10% to $6.63 per BOE compared to $7.34 per BOE in the prior year quarter, benefiting from increased production that lowered fixed costs per barrel.
Share Repurchase Initiative: 5. Share Repurchase Program Initiated: The company began repurchasing shares under its normal course issuer bid, having already repurchased about 104,000 shares, aimed at enhancing shareholder value.
Negative
Price and Netback Decline: Average prices decreased by about 9% for the quarter, leading to an 8% decline in netbacks to $40.01 per BOE compared to $43.28 in the prior year quarter.
Net Income Decline: Net income for the year-to-date was $12.5 million with basic EPS of $0.35 per share, a decrease from $14.5 million and an EPS of $0.41 per share last year, due to higher income tax, operating, and G&A expenses.
Netbacks Operations Decline: Netbacks operations decreased 6% to $39.78 per BOE compared to $42.48 last year due to lower average prices and higher operating expenses.
Operating Expense Increase: Operating expense was $7.84 per BOE for the year-to-date September compared to $6.47 in the prior year period, which was an increase of 21% due to adjusted true-ups and higher water hauling costs.
Net Debt and Leverage: Net debt at the end of the quarter was $29.1 million, indicating a significant leverage position despite having $90 million of available borrowing capacity.
KGEI FAQs
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KGEI Earning Call Sentiment
Kolibri Global Energy, Inc. (KGEI) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
KGEI.O
1.92%Positive
The earnings call presents mixed signals: strong net income growth and share buybacks are positive, but declining netbacks, increased operating expenses, and unclear guidance are concerning. The Q&A highlights management's hesitance to provide cost details, adding uncertainty. The share buyback program may support stock price, but the absence of drilling plans for 2024 and the lack of clear guidance could neutralize positive effects. Given these factors, the stock is likely to remain stable, with a neutral sentiment expected over the next two weeks.
