Kolibri Global Energy (NASDAQ:KGEI) Releases Earnings Results, Beats Estimates By $0.02 EPS

Kolibri Global Energy (NASDAQ:KGEI) announced its quarterly earnings data on Thursday. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.21 by $0.02, Zacks reports. Kolibri Global Energy had a return on equity of 8.42% and a net margin of 22.67%.

Here are the key takeaways from Kolibri Global Energy’s conference call:

• Record second-quarter results: Revenue reached $22.5 million, production rose 46% to 4,690 BOE per day, and adjusted EBITDA increased 114% year over year to $16.4 million, despite three wells being shut in for part of the quarter.
• The company completed drilling its three Clifton Mack wells and expects four 2026 wells to support further growth, primarily in the fourth quarter. Management said the shut-in Alicia Renee wells are expected to return without material performance issues and could generate some initial “flush” production.
• Kolibri’s borrowing base increased 15% to $75 million from $65 million, providing additional working-capital flexibility and reflecting the company’s view that the value of its properties is increasing.
• Management is testing the False Caney formation with a first-ever two-mile horizontal well at Lovina 8-5-1 HF. The company sees substantial potential if the oil-saturated interval delivers repeatable flow rates and decline characteristics, but acknowledged that results remain uncertain until completion and production data are available.
• Operating costs rose to $8.90 per BOE from $7.15, driven by workover costs, elevated water hauling and some chemical-cost inflation. Management expects workover costs to subside and water hauling to moderate, but said expenses may remain somewhat above last year’s levels.

Kolibri Global Energy Trading Up 8.3%

Shares of KGEI stock traded up $0.45 during mid-day trading on Thursday, reaching $5.87. The stock had a trading volume of 265,828 shares, compared to its average volume of 190,669. The stock’s 50-day moving average price is $5.08 and its two-hundred day moving average price is $4.95. Kolibri Global Energy has a 52-week low of $3.35 and a 52-week high of $6.61. The firm has a market capitalization of $209.98 million, a PE ratio of 15.51, a price-to-earnings-growth ratio of 0.73 and a beta of -0.60. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.23.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. BNP Paribas Financial Markets raised its holdings in shares of Kolibri Global Energy by 102.1% during the third quarter. BNP Paribas Financial Markets now owns 6,245 shares of the company’s stock valued at $35,000 after acquiring an additional 3,155 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Kolibri Global Energy in the second quarter valued at $25,000. Geode Capital Management LLC increased its position in Kolibri Global Energy by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 378,559 shares of the company’s stock valued at $1,488,000 after purchasing an additional 4,367 shares during the period. Barclays PLC raised its holdings in Kolibri Global Energy by 10.0% in the 4th quarter. Barclays PLC now owns 48,822 shares of the company’s stock worth $192,000 after purchasing an additional 4,423 shares in the last quarter. Finally, Empowered Funds LLC raised its holdings in Kolibri Global Energy by 9.1% in the 4th quarter. Empowered Funds LLC now owns 56,655 shares of the company’s stock worth $223,000 after purchasing an additional 4,723 shares in the last quarter. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Kolibri Global Energy in a research note on Friday, July 24th. Wall Street Zen lowered shares of Kolibri Global Energy from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Kolibri Global Energy currently has a consensus rating of “Hold”.

Kolibri Global Energy Company Profile

Kolibri Global Energy Inc engages in the finding and exploiting oil, gas, and clean and sustainable energy in the United States. It sells crude oil, natural gas, and natural gas liquids. The company was formerly known as BNK Petroleum Inc and changed its name to Kolibri Global Energy Inc in November 2020. Kolibri Global Energy Inc was incorporated in 2008 and is headquartered in Thousand Oaks, California.