Kolibri Global Energy Announces Production Increase of 30% and Revenue Increase of 38% for Second Quarter of 2024 [Yahoo! Finance]
Kolibri Global Energy Inc. (KGEI)
Company Research
Source: Yahoo! Finance
Average production for the second quarter of 2024 was 3,128 BOEPD, an increase of 30% compared to the second quarter of 2023 average production of 2,415 BOEPD. The increase is due to production from the wells that were drilled and completed in the last six months of 2023 and the first six months of 2024. Adjusted EBITDA was $10.0 million in the second quarter of 2024 compared to $7.6 million in the second quarter of 2023, an increase of 31%. The increase was due to the production increase and an increase in average prices of 7% Revenue, net of royalties was $13.9 million in the second quarter of 2024 compared to $10.1 million for second quarter of 2023, an increase of 38%, due to higher average production and prices Net income in the second quarter of 2024 was $4.1 million and EPS was $0.11/share compared to $4.3 million and EPS of $0.12/share in the second quarter of 2023. The decrease was due to higher income tax expense and higher operating expense partially offset by higher
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- Kolibri Global Energy Inc. Finishes Drilling Its First Three 1.5 Mile Lateral Wells Under Budget and Quicker Than Forecasted [Yahoo! Finance]Yahoo! Finance
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- Kolibri Global Energy Inc. Announces TSX Approval of Normal Course Issuer BidBusiness Wire
- Kolibri Global Energy's (TSE:KEI) investors will be pleased with their massive 361% return over the last three years [Yahoo! Finance]Yahoo! Finance
- Kolibri Global Energy Announces Production Increase of 30% and Revenue Increase of 38% for Second Quarter of 2024Business Wire
KGEI
Sec Filings
- 9/18/24 - Form 6-K
- 9/16/24 - Form 6-K
- 8/13/24 - Form 6-K
- KGEI's page on the SEC website