Kolibri Global Energy Projects Higher 2026 Output, Revenue Amid Rising Oil Prices

Dow Jones04-13 19:06

By Adriano Marchese

Kolibri Global Energy expects higher output and revenue in 2026, and said that guidance could skew higher if the price of oil continues to rise.

The Canadian energy company said on Monday that oil output is expected to rise 10% to 20% to an average of 4,400 to 4,800 barrels of oil equivalent a day in 2026.

The company also expects revenue to rise between 30% to 39% in the year and in a $74 million to $79 million range.

Adjusted earnings before interest, taxes, depreciation and amortization are also expected higher. Kolibri expects a 31% to 43% increase, which represents about $55 million to $60 million for the year.

The financial guidance is based on an assumption of an oil price of $74 a barrel.

Oil prices have swung sharply in the weeks following the late-February U.S.-Israel strike on Iran, with renewed geopolitical risk pushing crude high as the Strait of Hormuz remains closed. Oil price was recently about 8% higher to $104 per barrel.

"We used this conservative oil price assumption [of $74] in the forecast due to the recent oil price volatility," said Chief Executive Wolf Regener.

Regener noted that for every $5 increase from the assumed $74 per barrel price its forecasted adjusted Ebitda would rise by $2.8 million.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

April 13, 2026 07:06 ET (11:06 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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Kolibri expects a 31% to 43% increase, which represents about $55 million to $60 million for the year. \n\n\n  The financial guidance is based on an assumption of an oil price of $74 a barrel. \n\n\n  Oil prices have swung sharply in the weeks following the late-February U.S.-Israel strike on Iran, with renewed geopolitical risk pushing crude high as the Strait of Hormuz remains closed. 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