$Kolibri Global Energy (KGEI.US)$ NEWS Kolibri Global Energy...
NEWS
Kolibri Global Energy Announces Annual 2023 Net Income of US$19.3 Million and Adjusted EBITDA of $39.1 Million
Kolibri Global Energy announced an impressive 2023 with a net income of US$19.3 million and Adjusted EBITDA of $39.1 million. The company saw significant increases in production and revenues, with a positive growth outlook for 2024. However, Total Proved Reserves decreased by 6%, impacting the NPV10. Despite lower average prices, higher production and lower costs contributed to the positive financial results. The company's debt-to-Adjusted EBITDA ratio was 0.68, indicating manageable debt levels.
Impressive 2023 financial results with a net income of US$19.3 million and Adjusted EBITDA of $39.1 million.
Significant increase in production and revenues, pointing towards a positive growth trajectory for the company in 2024.
Despite a 6% decrease in Total Proved Reserves, the company managed to maintain a healthy financial position.
Significant increase in production and revenues, pointing towards a positive growth trajectory for the company in 2024.
Despite a 6% decrease in Total Proved Reserves, the company managed to maintain a healthy financial position.
Total Proved Reserves decreased by 6% in 2023, impacting the NPV10 of the company.
Lower average prices affected the netback from operations and netback including commodity contracts in 2023.
The company's debt-to-Adjusted EBITDA ratio was 0.68, indicating a level of debt that investors should monitor.
Lower average prices affected the netback from operations and netback including commodity contracts in 2023.
The company's debt-to-Adjusted EBITDA ratio was 0.68, indicating a level of debt that investors should monitor.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Spread kindness and love. Life is short. Don’t let greed eat you.
789Followers
59Following
5176Visitors
Follow