Kolibri Global Energy Inc. (TSE:KEI) has released an update.
Kolibri Global Energy Inc. has reported a notable first quarter in 2024, with a net income of $3.3 million and an Adjusted EBITDA of $10.4 million, despite a slight decrease compared to the previous year. The company achieved its highest ever quarterly gross revenues, underpinned by a 3% increase in production. However, the financials were impacted by lower average prices and higher operating expenses, including additional costs from reassessed prior year natural gas and NGL processing fees.
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