Kolibri Global Energy Inc. (NASDAQ:KGEI) is one of the cheap oil stocks under $10 to buy now. On November 25, Kolibri Global Energy Inc. (NASDAQ:KGEI) revealed that shareholders approved a resolution to cap the number of authorized common shares at 37,367,894. The approval followed a special meeting that was convened in response to a September 2025 requisition by TFG Asset Management UK LLP, a major shareholder.
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In a different update, the company disclosed its Q3 2025 financial results on November 12, reporting $15 million in net revenues (net of royalties). The revenue is a 15% growth from Q3 2024 level, which management stated was due to a 40% production surge from new wells drilled and completed in the first nine months of 2025. This surge was, however, partially offset by an 18% drop in realized prices. The revenue figure missed forecasts of $15.62 million.
The quarter’s EPS came in at $0.10, down from $0.14 in the prior-year quarter and below the $0.12 consensus estimate. The reason for the miss was a $0.5 million unrealized loss on commodity contracts, as noted by management.
Kolibri Global Energy Inc. (NASDAQ:KGEI) is an independent oil and natural gas company. It develops and operates production assets in the United States, and its primary facilities include horizontal drilling and completion projects. Kolibri’s main products are crude oil and natural gas, generated through targeted exploration and development programs.
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Disclosure: None. This article is originally published at Insider Monkey.
