Alejandra Andrade Carrillo's questions to GRAN TIERRA ENERGY (GTE) leadership • Q1 2025
Question
Alejandra Andrade Carrillo from JPMorgan Chase & Co. asked for clarification on a significant working capital inflow during the quarter, questioning if it would reverse, and inquired about the performance of Canadian gas prices relative to the company's outlook.
Answer
CFO Ryan Ellson confirmed the working capital build was a result of the heavy Q1 capital program and stated that it would partially unwind in the second quarter. Regarding gas prices, he noted the company is comfortable with its budget assumptions and is supported by a strong hedging program.