Gran Tierra Energy (TSE:GTE) Posts Quarterly Earnings Results

by · The Cerbat Gem

Gran Tierra Energy (TSE:GTE – Get Free Report) (NYSEMKT:GTE) released its quarterly earnings data on Friday. The company reported C($4.70) EPS for the quarter, FiscalAI reports. The company had revenue of C$239.21 million during the quarter. Gran Tierra Energy had a negative net margin of 48.52% and a negative return on equity of 84.95%.

Here are the key takeaways from Gran Tierra Energy’s conference call:

  • Gran Tierra exited Q1 with a materially stronger balance sheet — $125 million cash, repurchased ~$9.2 million face value of senior notes at a ~12% discount, and about $54 million undrawn credit capacity (total liquidity ~ $179 million).
  • Management closed two strategic portfolio additions: a 65% working interest across ~400,000 acres in Azerbaijan and a partnership with Ecopetrol to earn 49% of the Tisquirama block in Colombia, both intended to drive long‑term development and synergies with adjacent Acordionero assets.
  • Operational execution showed discipline — Q1 WI production ~45,500 BOE/d (down 2% q/q) while drilling costs were ~18% below budget on key Colombia wells, and Ecuador waterflood initiation delivered early results that management expects will boost oil recovery and cut disposal costs.
  • 2026 guidance was revised to reflect portfolio changes and market moves: ~40,000–45,000 BOE/d, EBITDA $345M–$395M, free cash flow $95M–$115M and CapEx $130M–$170M (assumes ~ $84 Brent), with incremental CapEx for Tisquirama this year.
  • Near‑term financial headwinds: Q1 net loss of $119M driven by unrealized hedging and non‑cash charges, Ecuador M‑1 timing cost ~ $16M, and expected 2026 hedging losses of roughly $70M–$72M that will partially offset higher oil prices.

Gran Tierra Energy Stock Up 5.0%

GTE opened at C$12.52 on Friday. Gran Tierra Energy has a 1-year low of C$4.33 and a 1-year high of C$13.58. The stock’s fifty day simple moving average is C$11.19 and its 200 day simple moving average is C$8.09. The company has a current ratio of 0.60, a quick ratio of 0.58 and a debt-to-equity ratio of 316.85. The stock has a market cap of C$442.53 million, a PE ratio of -1.51, a price-to-earnings-growth ratio of 0.23 and a beta of 0.20.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Raymond James Financial raised Gran Tierra Energy from a “hold” rating to a “moderate buy” rating and increased their price objective for the company from C$9.00 to C$15.00 in a report on Monday, March 30th. Canaccord Genuity Group raised Gran Tierra Energy from a “hold” rating to a “buy” rating and increased their price objective for the company from C$10.00 to C$14.00 in a report on Tuesday, April 14th. Finally, Roth Mkm downgraded Gran Tierra Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 29th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Gran Tierra Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of C$11.83.

View Our Latest Analysis on Gran Tierra Energy

Gran Tierra Energy Company Profile

(Get Free Report)

Gran Tierra Energy Inc is an independent energy company. It is engaged in the acquisition, exploration, development, and production of oil and gas properties in proven, under-explored hydrocarbon basins that have access to established infrastructure. The firm produces primarily light crude oil, supplemented with medium crude and natural gas. Gran Tierra holds interests in producing and prospective properties in Colombia and prospective properties in Ecuador. The company has a strategy that focuses on establishing a portfolio of producing properties, plus production enhancement and exploration opportunities to provide a base for future growth.

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