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Kolibri Global Energy Inc. (KGEI)
:KGEI
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Earnings Data
Report Date
Mar 14, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.15Last Year’s EPS
0.14Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 09, 2018
|% Change Since: 72.83%
|Next Earnings Date:Aug 10, 2018
Earnings Call Sentiment|Positive
The earnings call reflected a solid quarter with strong financial results and successful drilling operations, but it also highlighted challenges with decreased prices and higher operating expenses. The company's strategic initiatives, including the share buyback program and improved operational efficiency, indicate a positive trajectory despite facing some cost-related challenges.Company Guidance
During the Kolibri Global Energy Q3 2024 earnings call, significant metrics and operational highlights were discussed, underscoring the company's robust performance. Average production increased by 11% year-over-year to 3,032 BOE per day, driven by the successful drilling of longer lateral wells, with the Alicia Renee wells reaching over 2,800 BOE per day. Financially, adjusted EBITDA rose by 6% to $10.1 million despite a 9% drop in average prices. Revenue climbed 2% to $13.9 million, while net income surged by 118% to $5.1 million, reflecting favorable mark-to-market hedge adjustments. Operational efficiencies were highlighted by a 10% reduction in operating expenses to $6.63 per BOE, partly due to higher production levels. The company also announced a share repurchase program, having already bought back 104,000 shares, aiming to enhance shareholder value. Looking ahead, Kolibri plans to leverage its improved cost structure from the longer laterals and intends to maintain a strategic focus on growth and shareholder returns.Strong Financial Performance
Average production increased by 11% to 3,032 BOE per day, and adjusted EBITDA increased by 6% to $10.1 million. Revenue was up 2% to $13.9 million. Net income for the quarter increased by 118% to $5.1 million.
Successful Drilling Operations
Drilled three longer lateral wells faster than forecast, resulting in over 2,800 BOE per day. The wells were drilled in 14 days, faster than the previous 12 days for 1-mile laterals.
Share Buyback Program
Started repurchasing shares under the share buyback program, repurchasing about 104,000 shares to enhance shareholder value.
Improved Operational Efficiency
Operating expense for the quarter decreased by 10% to $6.63 per BOE. Longer lateral wells are expected to lead to more economic wells.
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KGEI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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KGEI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 13, 2024 | $3.46 | $3.44 | -0.58% |
| Aug 13, 2024 | $3.30 | $3.41 | +3.33% |
| May 13, 2024 | $3.13 | $3.10 | -0.96% |
| May 02, 2024 | $3.16 | $3.37 | +6.65% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Kolibri Global Energy Inc. (KGEI) report earnings?
Kolibri Global Energy Inc. (KGEI) is schdueled to report earning on Mar 14, 2025, TBA Not Confirmed.
What is Kolibri Global Energy Inc. (KGEI) earnings time?
Kolibri Global Energy Inc. (KGEI) earnings time is at Mar 14, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is KGEI EPS forecast?
KGEI EPS forecast for the fiscal quarter 2024 (Q4) is 0.15.
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