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01/11 07:33
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Access earnings results, analyst expectations, report, slides, earnings call, and transcript.
The earnings call reveals mixed signals: strong production growth and share buybacks are positives, but declining net income, netbacks, and increased OpEx are concerns. The Q&A highlights uncertainties around future drilling plans and reliance on oil prices, which could limit growth. Given these factors, the stock price is likely to remain stable, leading to a neutral sentiment.
Average Production (Q3 2025) 4,254 BOE per day, up 40% year-over-year from 3,032 BOE per day in Q3 2024. The increase was due to production from the wells drilled in 2025.
Revenue (Q3 2025) $15 million, up 15% year-over-year due to higher production, partially offset by an 18% decrease in prices.
Adjusted EBITDA (Q3 2025) $11.1 million, up 9% year-over-year from $10.1 million in Q3 2024. The increase was due to higher revenue, partially offset by increased operating expenses due to higher production.
Net Income (Q3 2025) $3.6 million, down from $5.1 million in Q3 2024. The decrease was due to a $1.8 million negative swing in noncash unrealized mark-to-market adjustments on hedges, as well as increased depreciation and operating expenses.
Netbacks (Q3 2025) $30.84 per BOE, down 23% year-over-year from $40.01 per BOE in Q3 2024, primarily due to lower prices.
Operating Expense (Q3 2025) $7.37 per BOE, up 11% year-over-year from $6.63 per BOE in Q3 2024. The increase was due to reassessed production tax adjustments, which added $0.80 per BOE. Excluding these adjustments, operating costs would have been $6.57 per BOE, a 1% decrease from the prior year.
Average Production (YTD September 2025) 3,851 BOE per day, up 22% year-over-year from 3,154 BOE per day in the same period in 2024. The increase was due to higher production from new wells.
Revenue (YTD September 2025) $42.1 million, up 2% year-over-year from $41.2 million in 2024. The increase was due to higher production, partially offset by a 16% decrease in prices.
Adjusted EBITDA (YTD September 2025) $31.6 million, up 3% year-over-year from $30.5 million in 2024. The increase was due to higher revenue, partially offset by higher operating expenses.
Net Income (YTD September 2025) $12.2 million, down slightly from $12.5 million in 2024. The decrease was due to higher depreciation and operating expenses, which offset the increase in revenue.
Netbacks (YTD September 2025) $32.86 per BOE, down 17% year-over-year from $39.78 per BOE in 2024, primarily due to lower average prices.
Operating Expense (YTD September 2025) $7.20 per BOE, down 8% year-over-year from $7.84 per BOE in 2024.
Production increase: Production reached over 4,250 barrels of oil equivalent per day in Q3 2025, up from 3,200 BOE per day in Q2 2025 and a 40% increase from Q3 2024.
New wells: Four new wells are being fracture stimulated and are expected to start production in December 2025, potentially leading to record-high production rates.
Revenue growth: Revenue increased by 15% to $15 million in Q3 2025 due to higher production, despite an 18% decline in oil prices.
Stock buyback program: The company repurchased approximately 568,000 shares since September 2024 to enhance shareholder value.
Operational efficiency: Operating expenses were $7.15 per BOE in Q3 2025, which would have been $6.57 per BOE excluding one-time production tax adjustments.
Netbacks: Netbacks decreased by 23% to $30.84 per BOE in Q3 2025 due to lower oil prices.
Strategic growth: The company plans to continue increasing production, revenue, and cash flow while returning capital to shareholders through share buybacks.
Oil Price Volatility: Lower oil prices have negatively impacted revenue and netbacks, despite increased production. This poses a risk to financial performance if prices continue to decline.
Operating Expenses: Operating expenses have increased due to reassessed production tax adjustments and higher production levels, which could pressure margins if not managed effectively.
Hedge Adjustments: A $1.8 million negative swing in noncash unrealized mark-to-market adjustments on hedges has reduced net income, indicating potential financial volatility.
Net Debt: Net debt stands at $42.8 million, which, while manageable, could limit financial flexibility if market conditions worsen or additional capital is required.
Production Growth Dependency: Future financial performance is heavily reliant on continued production growth, which may face operational or market challenges.
Production Growth: The company expects to exit 2025 with an all-time high production rate due to the addition of four new wells coming online in December. This is anticipated to further increase production in the first quarter of 2026.
Capital Allocation: Kolibri plans to continue its share buyback program to enhance shareholder value, having already repurchased approximately 568,000 shares since September 2024.
Revenue and Cash Flow: The company anticipates continued growth in revenue and cash flow, supported by increased production levels.
Stock Buyback Program: Since September of last year, Kolibri Global Energy has repurchased approximately 568,000 shares. The company plans to continue repurchasing additional shares to enhance shareholder value as working capital allows.
The earnings call reveals mixed signals: strong production growth and share buybacks are positives, but declining net income, netbacks, and increased OpEx are concerns. The Q&A highlights uncertainties around future drilling plans and reliance on oil prices, which could limit growth. Given these factors, the stock price is likely to remain stable, leading to a neutral sentiment.
The earnings call presents a mixed picture. Despite production increases and cost reductions, revenue and net income have declined due to lower oil prices and production disruptions. The Q&A indicates management's cautious optimism but also highlights uncertainties, particularly regarding production guidance and the potential of new wells. The positive impact of share buybacks is offset by financial risks and reliance on credit facilities. Overall, the sentiment is balanced, resulting in a neutral prediction for stock price movement.
The earnings call reveals strong financial performance with significant growth in net income, EPS, and adjusted EBITDA. Despite some uncertainties in the Q&A, the company's strategic initiatives, such as increased production and drilling efficiency, alongside shareholder returns through buybacks, paint a positive outlook. The decrease in CapEx and operational costs further supports a positive sentiment. Although commodity price fluctuations pose risks, the overall financial health and optimistic guidance suggest a positive stock price movement.
The earnings call reveals mixed results: strong revenue growth and increased production, but decreased net income and EPS. However, the continuation of a share buyback program, a potential partnership with a large oil company, and improved Q4 financial metrics suggest a positive sentiment. Despite challenges such as increased operating expenses and regulatory risks, the optimistic guidance and strategic partnerships are likely to result in a positive stock price movement over the next two weeks.
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