The strong quarterly results confirm the company's turnaround and debt reduction trajectory. Watch for continued production stabilization and the impact of the newly disclosed Canadian resource potential on future drilling plans. The bond repurchases at a discount further support deleveraging.
Price Chart
Executive Summary
Gran Tierra Energy reported Q2 2026 net income of $25M ($0.70/share), a significant turnaround from a $13M loss in Q2 2025, driven by a 25% revenue increase to $187M on higher oil prices and cost controls. Production declined 12% YoY to 41,501 boepd due to asset sales and operational issues, but operating netback surged 62% to $34.73/boe. The company generated $6M free cash flow and reduced net debt to $479M, reinforcing its deleveraging trajectory.
Key Financial Metrics
Key Facts
- Net income of $25M vs loss of $13M in Q2 2025
- Revenue $187M, up 25% YoY, beating consensus of $150M
- EPS $0.70 vs consensus $0.34, a 106% beat
- Production 41,501 boepd, down 12% YoY
- Operating netback $34.73/boe, up 62% YoY
- Free cash flow positive at $6M
- Net debt reduced to $479M from $658M at year-end 2025
- Completed Suroriente capital carry, improving block profitability
- Announced prospective resources of 72 MMboe in Canada
Financial Impact
EPS beat by 106% and revenue beat by 25%, with a net income swing of $38M from loss to profit
Risk Factors
- Production decline due to asset sales and operational issues
- Commodity price volatility
- Colombia/Ecuador border closure affecting transportation costs
- High leverage (net debt/EBITDA 1.7x) still above 1.0x target
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001273441-26-000029 |
| Document: gte-20260804.htm | 0001273441-26-000029 |
| Document: 0001273441-26-000029-index-headers.html | 0001273441-26-000029 |
| Document: 0001273441-26-000029-index.html | 0001273441-26-000029 |
| Document: 0001273441-26-000029.txt | 0001273441-26-000029 |
| 8-K Data (Synthetic) | 0001273441-26-000029 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 9, 2026 18d ago | 8-K | $10.52 $10.62 | ▲ +0.95% | ▲ +0.96% | $11.49 (+9.22%) |
Oct 7, 2026 20d ago | DEFA14A | $10.49 $10.58 | ▲ +0.86% | ▲ +0.26% | $11.49 (+9.53%) |
Oct 5, 2026 22d ago | Press Release | $10.46 $10.37 | ▼ −0.86% | ▼ −0.62% | $11.49 (+9.85%) |
Sep 23, 2026 4w ago | DEFA14A | $9.97 $10.18 | ▲ +2.11% | ▲ +2.19% | $11.49 (+15.25%) |
Sep 23, 2026 4w ago | Press Release | $9.97 $10.18 | ▲ +2.11% | ▲ +2.19% | $11.49 (+15.25%) |
Sep 11, 2026 6w ago | Press Release | $10.79 $10.57 | ▼ −2.04% | ▼ −1.59% | $11.49 (+6.49%) |
Aug 13, 2026 10w ago | Insider Cluster | $9.19 $9.38 | ▲ +2.07% | ▲ +2.54% | $11.49 (+25.03%) |
Aug 11, 2026 11w ago | Insider Cluster | $9.35 $9.50 | ▲ +1.60% | ▲ +0.91% | $11.49 (+22.89%) |
Aug 10, 2026 11w ago | Insider Cluster | $9.53 $9.35 | ▼ −1.89% | ▼ −2.14% | $11.49 (+20.57%) |
Aug 7, 2026 11w ago | Insider Cluster | $8.95 $9.53 | ▲ +6.48% | ▲ +6.80% | $11.49 (+28.38%) |
US Market Status
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