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14.05.25 - 12:48
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Kolibri Global Energy Inc. Announces 72% Increase in First Quarter 2025 Net Income (Business Wire)
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THOUSAND OAKS, Calif.--(BUSINESS WIRE)--All amounts are in U.S. Dollars unless otherwise indicated:
FIRST QUARTER HIGHLIGHTS
Average production for the first quarter of 2025 was 4,077 BOEPD, an increase of 23% compared to first quarter of 2024 average production of 3,305 BOEPD. The production increase is due to the additional production from the wells that were drilled and completed in 2024
Net income for the first quarter of 2025 was $5.8 million, an increase of 72% compared to the first quarter of 2024 net income of $3.3 million. The increase was due to higher revenue from the increase in production and lower realized and unrealized commodity contract losses compared to the prior year first quarter partially offset by higher income tax expense
Revenue, net of royalties was $16.4 million in the first quarter of 2025 compared to $14.3 million for the first quarter of 2024 due to higher production partially offset by lower average prices
Adjusted EBITDA(1) was $12.8 million in the first quarter of 2025 com...
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22.04.25 - 22:15
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Kolibri Global Energy Inc. Announces 2025 AGM Results (Business Wire)
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THOUSAND OAKS, Calif.--(BUSINESS WIRE)--Kolibri Global Energy Inc. (the "Company" or "Kolibri") (TSX: KEI, NASDAQ: KGEI) is pleased to announce the results of the Annual General Meeting of shareholders of the Company held in Marina del Rey, California on April 22, 2025. All of the resolutions put forward at the meeting were approved.
The Company's shareholders voted to fix the number of directors of the Company at five and elected the following five nominees to the board of directors. Each of the nominees will serve for a one-year term and hold office until the next annual meeting of shareholders, unless he or she sooner ceases to hold office. The following table sets forth the votes submitted by proxy with respect to the election of directors:
Director Nominee
Votes For
% For
Votes Withheld
% Withheld
Wolf Regener
13,058,913
97.70%
308,096
2.30%
Douglas C. Urch
12,924,137
96.69%
442,872
3.31%
Leslie O'Connor
12,908,976
96.57%
458,033
3.43%
David Neuhauser
13,270,166
99.28%
96,843
0.72%
Evan S. Templeto...
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15.04.25 - 12:48
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Kolibri Global Energy Inc. Provides Corporate Update (Business Wire)
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THOUSAND OAKS, Calif.--(BUSINESS WIRE)--Kolibri Global Energy Inc. (the “Company” or “Kolibri”) (TSX: KEI, NASDAQ: KGEI) is pleased to provide a corporate update on upcoming events.
First Quarter Earnings Release and Earnings Call
The Company expects to release financial and operating results for the first quarter of 2025 before the market opens on May 14, 2025.
In connection with the earnings release, management will host a conference call for investors and analysts on May 14, 2025, at 9:00 a.m. Pacific time to discuss the Company's results and to host a Q&A session. Interested parties are invited to participate by calling:
Dial-In: 1-877-317-6789
International Dial-In: 1-412-317-6789
When calling, please request to be joined into the Kolibri Global Energy Inc. call.
Webinar
Wolf Regener, CEO, and Gary Johnson, CFO, will be participating in a Renmark virtual webinar on April 16, 2025 at 9 a.m. Pacific time. Registration is available for this event at https://www.renmarkfinancial.com/events.
Corp...
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26.03.25 - 00:09
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Kolibri Global Energy Announces a 24% Increase in Production in 2024 With Record Annual Revenues and Adjusted EBITDA and Net Income of US$18.1 Million (Business Wire)
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THOUSAND OAKS, Calif.--(BUSINESS WIRE)--All amounts are in U.S. Dollars unless otherwise indicated:
2024 HIGHLIGHTS
Net revenues for 2024 were $58.5 million, an increase of 16% compared to 2023, and within guidance. This increase was primarily due to a 24% increase in production partially offset by a 7% decrease in average prices in 2024 compared to 2023.
Average production for 2024 was 3,478 BOEPD, an increase of 24% compared to 2023 production of 2,796 BOEPD, and within guidance. The increase is due to production from the wells that were drilled and completed in 2024
Adjusted EBITDA(1) was $44.0 million in 2024 compared to $39.1 million in 2023, an increase of 13%, and within guidance. This increase was due to the increase in revenue partially offset by higher operating and G&A expense
The Company's Total Proved Reserves for 2024 increased by 24% to 40.2 million barrels of oil equivalent, from 2023 with an NPV10 of $534.7 million, according to the Company's December 31, 2024, independent reserves eval...
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14.01.25 - 12:48
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Kolibri Global Energy Inc. Provides 2025 Guidance With a Forecasted Increase of More Than 35 Percent to Adjusted EBITDA and More Than 38 Percent to Average Production Over 2024 Guidance (Business Wire)
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THOUSAND OAKS, Calif.--(BUSINESS WIRE)--Kolibri Global Energy Inc. (the “Company” or “Kolibri”) (TSX: KEI, NASDAQ: KGEI) is providing 2025 guidance for its Tishomingo field in Oklahoma.
The Company is providing its forecasted guidance for 2025 as follows:
2025 Forecast
% Increase from
2024 Guidance Range
Average production
4,500 to 5,100 boepd
38% to 40%
Revenue(1)
US$75 million to US$89 million
32% to 44%
Adjusted EBITDA(2)
US$58 million to US$71 million
35% to 48%
Capital expenditures
US$48 million to US$53 million
Net Debt at year end
US$25 million to US$30 million
Debt to EBITDA Ratio
Below 1.0
(1)
Assumptions include forecasted pricing for 2025 of WTI US$70/bbl, US$2.60 Henry Hub, and NGL pricing of US$28/boe and includes the impact of the Company's existing hedges.
(2)
Adjusted EBITDA is considered a non-GAAP measure. Refer to the section entitled “Non-GAAP Measures” of this news release
The strategy of the Company for 2025 is to further b...
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