Cash flow generation is heavily reliant on non-cash charges, as indicated by an OCF/NI ratio consistently exceeding 2.0x, while capital intensity remains high with CapEx reaching 125.1% of revenue in 2025Q4.
| Cash from Operations | 40.37M | 42.12M | 38.89M | 38.65M | 22.04M | 6.3M | 6.11M | 6.93M | 11.18M | 5.17M | 5.12M |
| Operating CF Margin % | - | 72.8% | 52.14% | 60.02% | 45.56% | 32.95% | 63.78% | 39.79% | 49.41% | 39.6% | 60.39% |
| Operating CF Growth % | 1.56% | 8.3% | 0.63% | 75.33% | 249.71% | 3.14% | -11.8% | -38.01% | 116.37% | 0.93% | - |
| Net Income | 13.79M | 15.75M | 18.11M | 19.28M | 16.64M | 71M | -70.41M | -181.11K | 5.05M | -712.74K | -9.86M |
| Depreciation & Amortization | 18.25M | 17.45M | 0 | 842K | 7.31M | 3.59M | 4.76M | 6.44M | 7.53M | 5.72M | 5.21M |
| Stock-Based Compensation | 1M | 0 | 1.07M | 790K | 277K | 0 | 23K | 0 | 0 | 0 | 0 |
| Deferred Taxes | 2.11M | 4.95M | 5.86M | 3.36M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 6.47M | 1.52M | 15.79M | 13.18M | -51.27K | -68.84M | 71.61M | 1.04M | 13.26M | 12.4M | 18.85M |
| Working Capital Changes | -1.25M | 2.45M | -1.95M | 1.19M | -2.14M | 551K | 128K | -363.25K | 396.68K | -801.84K | 1.33M |
| Change in Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Investing | -58.96M | -56.15M | -36.21M | -49.87M | -29.24M | -2.88M | -1.64M | -2.53M | -15.03M | -20.17M | -1.5M |
| Capital Expenditures | -54.85M | -63.74M | -31.25M | -53.17M | -37.1M | -696K | 0 | -2.34M | -18.62M | -19.96M | -2.47M |
| CapEx % of Revenue | 86.36% | 110.17% | 41.9% | 82.58% | 76.68% | 3.64% | - | 13.45% | 82.32% | 153.05% | 29.11% |
| Acquisitions | 0 | 0 | 0 | 0 | 119.09K | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -4.1M | 7.59M | -4.96M | 3.3M | 7.74M | -2.19M | -1.64M | -192.37K | 3.59M | -206.16K | 965.25K |
| Cash from Financing | 16.4M | 12.49M | 1.04M | 10.79M | 922K | 2.98M | -6.64M | -2.72M | 4.75M | 4.04M | 5.72M |
| Debt Issued (Net) | 16.74M | 15.62M | 2.23M | 10.88M | 761K | -3.46M | -6.64M | -2.56M | 4.94M | 3.92M | -3.9M |
| Equity Issued (Net) | -1.94M | -1.76M | -1.15M | 0 | 161K | 6.44M | 0 | 0 | 0 | -27K | 9.69M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -1.99M | -1.95M | -1.15M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 1.59M | -1.38M | -36K | -97K | 0 | 0 | 0 | -162.7K | 58K | 140.18K | -69.63K |
| Net Change in Cash | -2.19M | -1.52M | 3.72M | -439K | -6.28M | 6.4M | -2.17M | 1.63M | 935K | -10.58M | 9.34M |
| Free Cash Flow | -14.49M | -21.62M | 7.64M | -14.53M | -15.05M | 5.61M | 6.11M | 4.59M | -7.44M | -14.8M | 2.65M |
| FCF Margin % | -22.81% | -37.37% | 10.24% | -22.56% | -31.12% | 29.31% | 63.78% | 26.34% | -32.91% | -113.45% | 31.28% |
| FCF Growth % | -329.36% | -383.06% | 152.58% | 3.51% | -368.5% | -8.25% | 33.25% | 161.61% | 49.7% | -658.29% | - |
| FCF per Share | -0.40 | -0.60 | 0.22 | -0.40 | -0.42 | 0.24 | 0.26 | 0.18 | -0.29 | -0.59 | 0.14 |
| FCF Conversion (FCF/Net Income) | -1.05x | 2.67x | 2.15x | 2.00x | 1.32x | 0.09x | -0.09x | -39.14x | 2.21x | -3.12x | -0.46x |
| Interest Paid | 1.36M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 1.85M | 885K | 0 | 0 | 0 | 0 | 0 | 0 |
Single-basin operational concentration
According to quarterly cash flow statements, KGEI consistently reports operating cash flow significantly higher than net income, with an OCF/NI ratio averaging well above 2.0x, suggesting that non-cash charges like DD&A are the primary drivers of the company's reported cash generation rather than pure operational profitability.
The consistent divergence between net income and operating cash flow indicates that the company's accounting earnings are heavily influenced by non-cash depletion and amortization expenses. Investors should monitor whether this gap reflects genuine operational efficiency or merely the accounting treatment of capital-intensive drilling assets.
As reported in financial filings, KGEI's free cash flow trajectory remains highly erratic, swinging from a positive $9.2M in 2026Q1 to a negative $10.7M in 2025Q3, which highlights the company's struggle to maintain consistent cash generation amidst fluctuating capital expenditure requirements and commodity price cycles.
The inability to sustain positive free cash flow suggests that the company's capital intensity often outpaces its ability to convert production into liquid capital. This volatility may indicate that the firm is forced to prioritize drilling activity over cash preservation during periods of unfavorable pricing.
Based on the provided cash flow data, KGEI's capital expenditure as a percentage of revenue has reached as high as 125.1% in 2025Q4, indicating that the firm frequently reinvests more than its total revenue back into the ground to sustain its production profile in the Caney Shale.
This high level of capital intensity suggests that the company is in a constant state of reinvestment to offset natural production declines. Such a structure implies that the firm may struggle to generate meaningful excess cash for shareholders unless it achieves significant breakthroughs in drilling efficiency.
Analysis of recent cash flow statements reveals that working capital changes have been a significant source of volatility, with swings ranging from a $4.0M outflow in 2025Q3 to a $2.7M inflow in 2025Q4, reflecting the inherent instability in the company's collection and payment cycles.
These fluctuations suggest that the company's cash position is sensitive to the timing of payments and receipts, which may be exacerbated by the cyclical nature of oilfield services. Investors should monitor whether these working capital swings are indicative of broader operational inefficiencies in managing trade payables.
Quick answers to the most common questions about buying KGEI stock.
Kolibri Global Energy Inc. (KGEI) generated $42.1M in net cash from operating activities in 2025. This reflects the cash generated directly from core business operations.
Kolibri Global Energy Inc. (KGEI) reported negative free cash flow of $21.6M in 2025, indicating capital requirements exceeded cash from operations.
Kolibri Global Energy Inc. (KGEI) spent $63.7M on capital expenditures in 2025. CapEx represents the cash invested in physical assets like property, plant, and equipment to maintain or grow the business.
In 2025, Kolibri Global Energy Inc. (KGEI) spent $2.0M on share repurchases. This shows the company's commitment to returning capital to its equity investors.