KGEINasdaqCrude Petroleum & Natural GasUS GAAP · USD

Kolibri Global Energy Inc.

Kolibri Global Energy Inc. is a North American oil and gas company that owns and operates energy properties in the United States through its subsidiaries. Its business centers on exploring, developing, and producing crude oil and natural gas assets, with an emphasis on identifying and acquiring additional projects.

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Revenue72.1m USD
−3.4 %y/y
Operating profit (EBIT)23.8m USD
−13.4 %y/y
EBIT margin33.0%
−3.8 ppy/y
Net income15.5m USD
−14.6 %y/y
Free cash flow-21.1m USD
−376.3 %y/y

Fiscal year 2025 · change from previous year

Development 2022–2025

020406080m USD2022: 48 m USD2022: EBIT 18 m USD20222023: 64 m USD2023: EBIT 25 m USD20232024: 75 m USD2024: EBIT 27 m USD20242025: 72 m USD2025: EBIT 24 m USD20257224
RevenueOperating profit (EBIT)
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Business

Share of revenue
Crude oil production60 %

Production and sale of crude oil from operated and non-operated U.S. properties.

Natural gas production25 %

Production and sale of natural gas associated with the company's operating assets.

NGL and byproducts5 %

Sale of liquids and other hydrocarbon byproducts from field production.

Oil and gas development7 %

Drilling, field development, and reserve expansion across owned properties.

Non-operated interests3 %

Working interests in properties operated by third parties.

Customers

Kolibri sells into commodity markets rather than to a narrow end-customer base, so its direct counterparties are mainly purchasers and marketers of crude oil and natural gas. The company also participates in assets operated by third parties, which makes its operating partners and service providers important stakeholders in execution. Demand is tied to broader energy consumption and commodity pricing rather than long-term contracted customer relationships.

Crude oil buyers

Refiners, marketers, and other purchasers that buy produced crude oil at market-linked prices.

Natural gas buyers

Gas marketers and downstream users that purchase produced natural gas from the company's wells.

Midstream and transport counterparties

Pipeline, gathering, and processing partners that move production to market.

Third-party operators

Operators of non-operated properties that manage development and production on behalf of working-interest owners.

Oilfield service providers

Drilling, completion, and field service firms used to execute the capital program.

Strategy

Kolibri's strategy centers on increasing production and reserves through drilling, development, and selective acquisitions. The company also uses operating expertise and, where appropriate, commodity hedging to support cash flow and manage exposure to price swings. Its focus on low-cost U.S. assets is intended to improve scale and reserve life while preserving flexibility in capital allocation.

Expand production from existing assetsShort term

Higher output supports reserve replacement and better use of the capital base.

Grow reserves and resource baseMedium term

Reserve growth extends asset life and supports valuation in a depleting-resource business.

Acquire complementary energy projectsMedium term

Acquisitions can add inventory and diversify development opportunities.

Manage commodity and execution riskShort term

Cash flow depends on volatile prices and successful drilling execution.

Geography

Kolibri's business is concentrated in the United States, where it owns and operates energy properties through subsidiaries. The company describes itself as a North American energy company, but its operating assets and cash generation are centered in U.S. oil and gas fields. That geographic concentration means results are closely linked to U.S. drilling activity, local regulatory conditions, and domestic commodity pricing differentials.

Risks

Kolibri is exposed to commodity price volatility, since revenue and cash flow depend on oil and gas prices that can change quickly. The business also depends on successful drilling, third-party operators on non-operated properties, and a steady supply chain for equipment and services, making execution risk material. Regulatory change, counterparty credit, and asset impairment risk are also important because the company carries long-lived oil and gas assets that must be supported by future reserves and commodity assumptions.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Commodity price volatility1Drilling and development execution risk2Regulatory and environmental risk3Asset impairment risk4Third-party operator risk5
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Commodity price volatilityImpact: HighLikelihood: High

    Production is sold at market-linked oil and gas prices, so earnings and cash flow move with benchmark prices and differentials.

    Exposure: Crude oil and natural gas sales

  2. Drilling and development execution riskImpact: HighLikelihood: High

    The value of the business depends on converting acreage into productive wells and sustaining field performance.

    Exposure: Capital drilling program

  3. Regulatory and environmental riskImpact: HighLikelihood: Medium

    Oil and gas operations are subject to changing laws, permitting, and environmental compliance requirements.

    Exposure: U.S. upstream operations

  4. Asset impairment riskImpact: HighLikelihood: Medium

    Recoverability of oil and gas assets depends on future prices, production profiles, and reserve estimates.

    Exposure: Development and production assets

  5. Third-party operator riskImpact: MediumLikelihood: Medium

    Non-operated interests rely on outside operators for timing, costs, and operational decisions.

    Exposure: Non-operated properties

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Accounting

Judgemental items
Oil and gas asset impairment

Recoverability depends on management's estimates of reserves, prices, discount rates, and future cash flows.

Impact: Can materially change asset carrying values and earnings if assumptions weaken.

Depletion, depreciation, and amortization

Upstream assets are depleted based on production and reserve estimates, so changes in volumes affect expense recognition.

Impact: Directly affects operating profit as field output changes.

Commodity derivative accounting

Hedging contracts can be marked to market and may produce gains or losses before settlement.

Impact: Can add volatility to reported earnings and balance-sheet valuations.

Quarterly production timing

Field development timing and well performance can create period-to-period swings in revenue and cash flow.

Impact: Makes interim results less comparable across quarters.

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Last updated: 28/09/2026