Earnings summaries and quarterly performance for GRAN TIERRA ENERGY.
Executive leadership at GRAN TIERRA ENERGY.
Gary Guidry
Detailed
President and Chief Executive Officer
CEO
JE
Jim Evans
Detailed
Executive Vice President, Corporate Services
PA
Phillip Abraham
Detailed
Executive Vice President, Legal and Land
RE
Ryan Ellson
Detailed
Chief Financial Officer and Executive Vice President, Finance
SM
Sebastien Morin
Detailed
Chief Operating Officer
Board of directors at GRAN TIERRA ENERGY.
Research analysts who have asked questions during GRAN TIERRA ENERGY earnings calls.
AA
Alejandra Andrade Carrillo
JPMorgan Chase & Co.
6 questions for GTE
JS
Josef Schachter
SER
4 questions for GTE
Also covers: PDS
IP
Isabella Pacheco
Bank of America
3 questions for GTE
Also covers: EBR, GPRK
Robert Mann
RBC Capital Markets
3 questions for GTE
Rodrigo Sanhueza
Santander Asset Management
3 questions for GTE
AM
Anne Milne
Bank of America Merrill Lynch
2 questions for GTE
Also covers: BAK, CX, EC +1 more
DE
Diego Espinoza
BTG Pactual
1 question for GTE
GP
Greg Pardy
RBC Capital Markets
1 question for GTE
Also covers: BTE, CNQ, CVE +4 more
HL
Harrison Lock
Stifel
1 question for GTE
Peter Bowley
Jefferies LLC
1 question for GTE
Recent press releases and 8-K filings for GTE.
Gran Tierra Energy Inc. enters into Indenture for $491.853 million Senior Secured Amortizing Notes
GTE
Debt Issuance
- GRAN TIERRA ENERGY INC. entered into an Indenture for $491,853,000 9.750% Senior Secured Amortizing Notes due 2031 on February 18, 2026.
- The Indenture designates Gran Tierra Energy Inc. as the Issuer, with Note Guarantors and U.S. Bank Trust Company, National Association serving as trustee, security registrar, paying agent, and security agent.
- Key covenants include a limitation on Restricted Payments, which shall not exceed $10.0 million in each calendar year, and a condition requiring the Issuer to repurchase or offer to repurchase at least $20 million in Notes in calendar years 2026, 2027, 2028, and 2029 before making certain Restricted Payments.
- The notes are senior secured and have not been registered under the U.S. Securities Act of 1933.
7 days ago
Gran Tierra Energy Inc. Signs Exploration, Development and Production Sharing Agreement in Azerbaijan
GTE
New Projects/Investments
- Gran Tierra Energy Inc. has signed an Exploration, Development and Production Sharing Agreement (EDPSA) with the State Oil Company of the Republic of Azerbaijan (SOCAR) for the onshore Guba-Khazaryani region.
- Gran Tierra secured a 65% working interest and operatorship of the Contract Area, which covers approximately 0.4 million gross acres.
- The EDPSA provides a five-year exploration and appraisal period and a 25-year development period for economic discoveries.
- Initial exploration activities, including an airborne gravity study, are expected to commence in 2026, with seismic acquisition and drilling planned for 2027.
- The effectiveness of the EDPSA is subject to certain customary and legal conditions, including approval by the legislature of the Republic of Azerbaijan.
Feb 19, 2026, 10:05 PM
Gran Tierra Energy to Sell Simonette Assets and Enter Azerbaijan
GTE
M&A
New Projects/Investments
Debt Issuance
- Gran Tierra Energy (GTE) has entered a definitive agreement to sell its remaining working interest in the Simonette asset in Alberta for C$62.5 million (approximately USD47.9 million), with closing expected in Q1 2026, completing its exit from the asset. The proceeds will be directed toward deleveraging the balance sheet and reallocated to higher-return opportunities.
- GTE has signed an exploration, development, and production sharing agreement for the onshore Guba-Khazaryani region in Azerbaijan with SOCAR, described by the CEO as a "compelling, scaled entry" into that jurisdiction.
- Analysts, including Roth Capital and Canaccord, have downgraded GTE's stock, citing significant risks tied to high debt levels, socio-political exposure, and weak financial metrics such as a negative net margin (
-13.91%) and a high debt-to-equity ratio (2.08).
Feb 19, 2026, 9:41 PM
Gran Tierra Energy Inc. Subsidiaries Amend Prepayment Agreement
GTE
Debt Issuance
- On February 12, 2026, Gran Tierra Energy Inc.'s indirect wholly owned subsidiaries, Gran Tierra Energy Colombia GmbH, Gran Tierra Operations Colombia GmbH, Gran Tierra Energy Ecuador 1 GmbH, and Gran Tierra Energy Ecuador 2 GmbH, entered into an Amended Prepayment Agreement with Trafigura PTE LTD and Trafigura Marketing Colombia S.A.S..
- This agreement provides for additional advances of up to $175 million and an uncommitted accordion advance of up to $25 million to the sellers.
- The funds are designated to finance the cash consideration for the company's proposed exchange offer or cash tender offer of its 9.500% Senior Secured Amortizing Notes due 2029, repurchase outstanding senior notes, and/or cover related fees and expenses.
- The Amended Prepayment Agreement includes financial covenants requiring the sellers to maintain an asset coverage ratio of at least 150% and a debt service coverage ratio of at least 200%, tested semi-annually.
- Gran Tierra Energy Inc. guarantees the obligations of the sellers under this agreement, which are also secured by assets in Colombia.
Feb 18, 2026, 9:30 PM
Gran Tierra Energy Inc. Announces Early Results of Debt Exchange Offer
GTE
Debt Issuance
- Gran Tierra Energy Inc. announced that US$636,740,000, representing approximately 88.89%, of its 9.500% Senior Secured Amortizing Notes due 2029 (Existing Notes) were validly tendered by the Early Participation Deadline on February 11, 2026.
- This participation rate exceeds the 80% Minimum Exchange Condition, and the company expects to accept all validly tendered Existing Notes for exchange on the Early Settlement Date of February 18, 2026.
- Eligible Holders who tendered by the Early Participation Deadline will receive approximately US$196.31 in cash and US$803.69 in 9.750% Senior Secured Amortizing Notes due 2031 (New Notes) for each US$1,000 principal amount of Existing Notes.
- The company also secured consents to amend the Existing Indenture, which will eliminate substantially all restrictive covenants and release the collateral securing the Existing Notes upon consummation of the Exchange Offer.
Feb 13, 2026, 9:47 PM
Gran Tierra Energy Inc. Provides Operations Update and Announces Debt Exchange Offer
GTE
Earnings
Debt Issuance
Guidance Update
- Gran Tierra Energy Inc. achieved its highest monthly average production in company history in December 2025 at 48,235 BOEPD.
- The company provided preliminary unaudited financial data for the year ended December 31, 2025, estimating revenue between $590 million to $610 million and Adjusted EBITDA between $270 million to $290 million.
- Gran Tierra announced an Exchange Offer for its US$716,340,000 outstanding 9.500% Senior Notes due 2029 for newly issued 9.500% Senior Secured Notes due 2031, along with a Consent Solicitation to amend the existing indenture.
- The Exchange Offer is conditional on, among other things, valid tender of not less than 80% of Existing Notes and valid receipt of consents from not less than 66-2/3% of Existing Notes by the Early Participation Deadline of February 11, 2026.
Jan 29, 2026, 1:47 PM
Gran Tierra Energy Inc. Provides Preliminary Unaudited 2025 Financial and Operational Update
GTE
Earnings
Guidance Update
New Projects/Investments
- Gran Tierra Energy reported a record-high monthly average production of 48,235 BOEPD for December 2025.
- For the full year ended December 31, 2025, preliminary unaudited estimates include revenue between $590 million to $610 million and Adjusted EBITDA between $270 million to $290 million.
- The company's estimated unaudited net debt as of December 31, 2025, was approximately $657 million, with capital expenditures estimated between $250 million to $270 million.
- Gran Tierra expects to record non-cash impairment charges totaling $95 million to $135 million for certain Canadian and Colombian long-lived assets.
- Operational highlights include achieving a daily production rate of 10,000 BOPD in Ecuador during the fourth quarter of 2025 and fulfilling all Ecuador exploration commitments.
Jan 29, 2026, 1:28 PM
Gran Tierra Energy Inc. Reports 2025 Year-End Reserves and Financial Values
GTE
Guidance Update
Demand Weakening
- Gran Tierra Energy Inc. achieved its seventh consecutive year of South American reserves growth with over 100% reserve replacement on both proved developed producing (PDP) and proved plus probable (2P) bases for 2025.
- As of December 31, 2025, the company reported 2P reserves of 258 MMBOE and 1P reserves of 142 MMBOE.
- The Net Present Value Before Tax discounted at 10% (NPV10) was $1.456 billion for 1P and $2.461 billion for 2P.
- Net Asset Value per Share Before Tax was $22.63 for 1P and $51.09 for 2P.
- A reclassification of certain Canadian reserves to contingent resources resulted in a reduction of 19 MMBOE on a 1P basis and 32 MMBOE on a 2P basis, with these volumes now classified as 74 MMBOE unrisked 2C contingent resources.
Jan 29, 2026, 2:27 AM
Gran Tierra Energy Inc. Announces 2026 Guidance and Operations Update
GTE
Guidance Update
New Projects/Investments
Debt Issuance
- Gran Tierra Energy Inc. announced its 2026 guidance, targeting $60 to $80 million in Free Cash Flow and 42,000 - 47,000 BOEPD in production for the Base Case.
- The company reported current production of 48,000 to 49,000 BOEPD as of December 9, 2025.
- The 2026 capital program, with expenditures of $120 - $160 million in the Base Case, focuses on quick-payout development projects and fulfilling commitments over the Suroriente Block.
- Gran Tierra plans to fully address the $180 million amortization of its 2029 notes due in October 2026, supported by expected free cash flow generation.
- The company has transitioned its Ecuador program from exploration to appraisal and development, following the successful acquisition of the Perico and Espejo Blocks.
Dec 10, 2025, 11:01 PM
Gran Tierra Energy Inc. Reports Q3 2025 Results and Operational Updates
GTE
Earnings
New Projects/Investments
Debt Issuance
- Gran Tierra Energy Inc. reported a net loss of $(19.950) million for the third quarter of 2025, with Adjusted EBITDA of $69 million and funds flow from operations of $42 million.
- The company's total average working interest production for Q3 2025 was 42,685 boepd, and current average production (October 1-29, 2025) is approximately 45,200 boepd, despite temporary impacts from external events.
- Operational highlights include further exploration success in Ecuador with the Conejo A-1 and A-2 wells and a new discovery at Chanangue-1, strong waterflood response in Colombia's Cohembi field, and successful drilling of two additional Lower Montney wells in Canada.
- Gran Tierra enhanced its liquidity by securing a $200 million prepayment facility and increasing its Canadian Credit Facility from C$50.0 million to C$75.0 million, extending its maturity to October 31, 2027.
Oct 30, 2025, 9:53 PM
Quarterly earnings call transcripts for GRAN TIERRA ENERGY.
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