Revenue volatility remains a primary concern, with quarterly figures contracting from $22.2M in 2024Q4 to $19.6M in 2026Q1, while gross margins have fluctuated wildly between 40.1% and 88.3%.
| Sales/Revenue | 63.52M | 57.85M | 74.59M | 64.39M | 48.38M | 19.13M | 9.58M | 17.41M | 22.62M | 13.04M | 8.47M |
| Revenue Growth % | -17.9% | -22.44% | 15.84% | 33.1% | 152.91% | 99.62% | -44.97% | -23.02% | 73.4% | 53.91% | - |
| Cost of Goods Sold | 26.48M | 26.85M | 40.19M | 34.7M | 23.3M | 10.71M | 2.75M | 3.76M | 11.97M | 8.24M | 7.35M |
| COGS % of Revenue | - | 46.41% | 53.88% | 53.89% | 48.17% | 56% | 28.75% | 21.61% | 52.93% | 63.19% | 86.72% |
| Gross Profit | 37.04M | 31M | 34.4M | 29.69M | 25.07M | 8.42M | 6.83M | 13.65M | 10.65M | 4.8M | 1.13M |
| Gross Margin % | 58.31% | 53.59% | 46.12% | 46.11% | 51.83% | 44% | 71.25% | 78.39% | 47.07% | 36.81% | 13.28% |
| Gross Profit Growth % | - | -9.88% | 15.85% | 18.42% | 197.94% | 23.28% | -49.98% | 28.2% | 121.71% | 326.7% | - |
| Operating Expenses | 7.87M | 7.57M | 6.8M | 5.11M | 3.8M | 2.72M | 2.88M | 4.03M | 3.87M | 4.06M | 4.32M |
| OpEx % of Revenue | - | 13.08% | 9.12% | 7.94% | 7.86% | 14.24% | 30.06% | 23.13% | 17.09% | 31.1% | 50.96% |
| Selling, General & Admin | 7.8M | 7.57M | 6.71M | 5.03M | 3.77M | 2.7M | 2.88M | 4.03M | 3.87M | 4.06M | 4.32M |
| SG&A % of Revenue | - | 13.08% | 9% | 7.82% | 7.8% | 14.1% | 30.06% | 23.13% | 17.09% | 31.1% | 50.96% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 73K | 0 | 90K | 80K | 31K | 26K | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 29.17M | 23.43M | 27.6M | 24.58M | 21.27M | 5.69M | 3.95M | 9.62M | 6.78M | 744.86K | -3.19M |
| Operating Margin % | 45.92% | 40.5% | 37% | 38.17% | 43.97% | 29.76% | 41.19% | 55.25% | 29.97% | 5.71% | -37.68% |
| Operating Income Growth % | - | -15.09% | 12.28% | 15.55% | 273.67% | 44.24% | -58.97% | 41.89% | 810.2% | 123.33% | - |
| EBITDA | 46.92M | 40.88M | 43.49M | 39.59M | 28.86M | 9.29M | 8.47M | 15.74M | 14.31M | 6.47M | 2.01M |
| EBITDA Margin % | 73.86% | 70.66% | 58.3% | 61.48% | 59.65% | 48.55% | 88.43% | 90.43% | 63.28% | 49.57% | 23.77% |
| EBITDA Growth % | 3.04% | -6.01% | 9.85% | 37.2% | 210.7% | 9.61% | -46.18% | 10% | 121.37% | 220.95% | - |
| D&A (Non-Cash Add-back) | 17.75M | 17.45M | 15.89M | 15.01M | 7.58M | 3.59M | 4.53M | 6.12M | 7.53M | 5.72M | 5.21M |
| EBIT | 24.97M | 23.43M | 27.44M | 25M | 17.72M | 71.91M | 2.85M | 1.84M | 7.3M | 1.13M | -8.03M |
| Net Interest Income | -3.83M | -3.46M | -3.46M | -2.37M | -1.08M | -906K | -1.33M | -2M | -1.98M | -1.8M | -1.95M |
| Interest Income | 25.1K | 31.54K | 1.9K | 0 | 3K | 0 | 0 | 46.47K | 0 | 15K | 0 |
| Interest Expense | 3.85M | 3.49M | 3.46M | 2.37M | 1.09M | 906K | 1.33M | 2.05M | 1.88M | 1.82M | 1.95M |
| Other Income/Expense | -11.1M | -2.73M | -3.62M | -1.94M | -4.64M | 65.31M | -74.36M | -9.8M | -1.84M | -1.43M | -5.8M |
| Pretax Income | 18.07M | 20.7M | 23.98M | 22.64M | 16.63M | 71M | -70.41M | -177K | 5.05M | -712.74K | -9.86M |
| Pretax Margin % | 28.45% | 35.78% | 32.15% | 35.16% | 34.37% | 371.19% | -734.82% | -1.02% | 22.32% | -5.46% | -116.32% |
| Income Tax | 4.28M | 4.95M | 5.86M | 3.36M | 0 | 0 | 0 | 0 | -2 | 940.65K | 1.16M |
| Effective Tax Rate % | 23.68% | 23.93% | 24.45% | 14.84% | 0% | 0% | 0% | 0% | -0% | -131.98% | -11.73% |
| Net Income | 13.79M | 15.75M | 18.11M | 19.28M | 16.64M | 71M | -70.41M | -177K | 5.05M | -1.65M | -11.01M |
| Net Margin % | 21.71% | 27.22% | 24.29% | 29.94% | 34.4% | 371.19% | -734.82% | -1.02% | 22.32% | -12.68% | -129.96% |
| Net Income Growth % | -32.85% | -13.07% | -6.04% | 15.84% | -76.56% | 200.84% | -39679.66% | -103.51% | 405.35% | 84.99% | - |
| Net Income (Continuing) | 13.79M | 15.75M | 18.11M | 19.28M | 16.63M | 71M | -70.41M | -177K | 5.32M | -688K | -9.98M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.38 | 0.43 | 0.51 | 0.53 | 0.46 | 3.05 | -3.02 | -0.01 | 0.20 | -0.07 | -0.58 |
| EPS Growth % | -32.74% | -15.69% | -3.77% | 15.22% | -84.92% | 200.99% | - | -103.6% | 405.34% | 88.71% | - |
| EPS (Basic) | - | 0.44 | 0.51 | 0.54 | 0.47 | 3.05 | -3.02 | -0.01 | 0.20 | -0.07 | -0.58 |
| Diluted Shares Outstanding | 36.05M | 36.31M | 35.52M | 36.46M | 36.03M | 23.29M | 23.29M | 25.27M | 25.39M | 25.24M | 18.98M |
| Basic Shares Outstanding | 35.48M | 35.47M | 35.52M | 35.62M | 35.61M | 23.29M | 23.29M | 25.27M | 25.25M | 25.24M | 18.98M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - |
Extreme single-basin concentration
As reported in recent financial filings, KGEI experienced a significant revenue deceleration, with quarterly figures fluctuating from a peak of $22.2M in 2024Q4 to $19.6M in 2026Q1, reflecting the inherent instability of a production profile tied exclusively to the Tishomingo Field's output.
The erratic top-line performance suggests that the company is highly susceptible to localized production interruptions or commodity price swings. Investors should monitor whether this trend represents a strategic choice to curtail drilling during unfavorable price environments or a more concerning depletion of high-quality inventory within the Caney Shale.
Based on the provided income statement data, KGEI's gross margins have demonstrated extreme variance, swinging from a high of 88.3% in 2023Q4 to a low of 40.1% in 2025Q2, indicating that the company's profitability is highly sensitive to the fixed-cost absorption of its limited asset base.
The wide range in gross margins suggests that the company lacks the scale to buffer against fluctuations in lifting costs or regional price differentials. This volatility implies that the company's competitive advantage in the Caney Shale may be insufficient to protect margins when production volumes fail to meet optimal thresholds.
According to the quarterly income statements, operating income has contracted alongside revenue, falling from $10.5M in 2023Q4 to $9.7M in 2026Q1, which suggests that the company's ability to maintain operating leverage is increasingly challenged by the current downward trajectory in top-line performance.
While SG&A expenses have remained relatively contained, the lack of significant operating leverage indicates that the company's cost structure is not sufficiently flexible to offset revenue declines. This warrants further investigation into whether management can maintain current operating margins if production volumes continue to face downward pressure.
Financial data indicates that KGEI's reliance on a single field creates a binary risk profile, as evidenced by the sharp revenue swings that appear to be disconnected from broader market trends, potentially exposing shareholders to localized operational or regulatory shocks that larger, diversified peers might easily absorb.
Short-sellers would likely focus on the lack of geographic diversification as a primary vulnerability, arguing that the company's current valuation may not adequately account for the potential for a total loss of production in the Tishomingo Field. The reliance on a single geological formation suggests that any technical failure in drilling or completion techniques could have a disproportionate impact on the company's long-term viability.
Quick answers to the most common questions about buying KGEI stock.
For fiscal year 2025, Kolibri Global Energy Inc. (KGEI) reported total revenue of $57.9M. This represents a 582.6% increase compared to $8.5M in 2016.
Kolibri Global Energy Inc. (KGEI) is profitable, generating $15.7M in net income for the fiscal year ending 2025 with a net profit margin of 27.2%.
Kolibri Global Energy Inc. (KGEI) reported an operating income of $23.4M, resulting in an operating profit margin of 40.5%. This margin reflects the operational efficiency of the business before interest and taxes.
Kolibri Global Energy Inc. (KGEI) generated $31.0M in gross profit for the year, representing a gross profit margin of 53.6%. This demonstrates the company's core pricing power and production efficiency.