Tuesday, 13 May 2025
Home Kolibri Global Energy Announces a 24% Increase in Production in 2024 With Record Annual Revenues and Adjusted EBITDA and Net Income of US$18.1 Million

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Kolibri Global Energy Announces a 24% Increase in Production in 2024 With Record Annual Revenues and Adjusted EBITDA and Net Income of US$18.1 Million

THOUSAND OAKS, Calif.--(BUSINESS WIRE)--All amounts are in U.S. Dollars unless otherwise indicated: 2024 HIGHLIGHTS Net revenues for 2024 were $58.5 million, an increase of 16% compared to 2023, and within guidance. This increase was primarily due to a 24% increase in production partially offset by a 7% decrease in average prices in 2024 compared to 2023. Average production for 2024 was 3,478 BOEPD, an increase of 24% compared to 2023 production of 2,796 BOEPD, and within guidance. The increase...

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