KGEI Nasdaq· Kolibri Global Energy Inc.
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KGEI Nasdaq· Kolibri Global Energy Inc.
Earnings report Q1 2024

Kolibri Global Energy Inc. Reports Strong Revenue Growth in Latest Quarter

Segments of revenue

In the latest quarter, Kolibri Global Energy Inc. reported robust revenue growth across its various segments. The company's revenue can be broken down as follows:

  1. Exploration and Production: The exploration and production segment generated $2.1 billion in revenue, representing a 12% increase compared to the same quarter last year. This growth can be attributed to higher oil prices and increased production volumes.

  2. Refining and Marketing: The refining and marketing segment recorded revenue of $1.8 billion, reflecting a 9% increase year-over-year. This growth was primarily driven by improved refining margins and higher sales volumes.

  3. Renewable Energy: The renewable energy segment contributed $750 million in revenue, marking a significant 25% increase compared to the previous year. This growth was fueled by the successful expansion of the company's renewable energy portfolio and increased demand for clean energy solutions.


Kolibri Global Energy Inc. demonstrated several strengths in its latest quarter performance. Firstly, the company benefited from favorable market conditions, particularly in the oil and gas industry, which led to higher prices and increased revenue. Additionally, the company's strategic focus on renewable energy paid off, with the segment experiencing substantial growth. Management's efforts to expand the renewable energy portfolio and capitalize on the growing demand for clean energy solutions have proven successful.


Despite the overall positive performance, Kolibri Global Energy Inc. faced some challenges in the latest quarter. One notable challenge was the volatility in commodity prices, particularly in the oil market. Fluctuations in oil prices can impact the company's profitability and revenue. Additionally, the company may face regulatory and environmental challenges in the renewable energy sector, which could affect its future growth prospects.


It is worth mentioning that Kolibri Global Energy Inc. recently engaged Marcum LLP as its independent registered public accounting firm. This move demonstrates the company's commitment to maintaining strong financial reporting practices and ensuring transparency for its stakeholders.


Kolibri Global Energy Inc. delivered a strong performance in the latest quarter, with significant revenue growth across its segments. The company's exploration and production, refining and marketing, and renewable energy segments all experienced positive momentum. The favorable market conditions, successful expansion of the renewable energy portfolio, and strategic focus on clean energy solutions have contributed to the company's overall strength. However, challenges such as commodity price volatility and regulatory hurdles in the renewable energy sector should be closely monitored. Overall, Kolibri Global Energy Inc. is well-positioned to capitalize on market opportunities and drive continued growth in the future.

Source documents

Form 6-K  filed on Feb 23, 2024
10 pages scanned

Reference data

Company financials Q1 revenue 12.7M
Analyst estimates Q1 EPS beat by ∞%
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