Despite strong production growth, the company's fundamentals weakened due to lower commodity prices and asset impairments. The bond exchange improves liquidity, but traders should monitor future guidance and oil price sensitivity. The significant decline in operating netback per boe indicates margin pressure that could persist if oil prices remain low.
Price Chart
Executive Summary
Gran Tierra Energy reported a 32% increase in 2025 average production to 45,709 BOEPD and a 13% increase in Q4 production to 46,344 BOEPD. However, despite higher volumes, the company reported a net loss of $193.1 million due to a $136.3 million non-cash ceiling test impairment and a 23% decline in Adjusted EBITDA to $283.7 million, primarily driven by lower oil prices. The company also completed a bond exchange to extend maturities and reduce debt, enhancing financial flexibility.
Key Financial Metrics
Key Facts
- 2025 average production increased 32% YoY to 45,709 BOEPD
- Q4 2025 production increased 13% YoY to 46,344 BOEPD
- 2025 net loss of $193.1 million, compared to net income of $3.2 million in 2024
- 2025 Adjusted EBITDA decreased 23% to $283.7 million
- 2025 oil, natural gas and NGL sales decreased 4% to $596.7 million
- Subsequent to year-end, completed a bond exchange reducing total bond debt outstanding
- 2025 operating netback per boe down 37% to $20.18 from $31.99 in 2024
Financial Impact
Revenue down 4% to $596.7 million, Adjusted EBITDA down 23% to $283.7 million, net loss of $193.1 million
Segment Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| Colombia | $418.4M | -27.3% |
| Ecuador | $62.6M | +128.1% |
| Canada | $115.7M | +218.6% |
Risk Factors
- Continued exposure to volatile oil prices
- High leverage and debt obligations
- Operational disruptions from pipeline issues in South America
- Execution risk on new projects in Azerbaijan
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001273441-26-000007 |
| Document: gte-20260303.htm | 0001273441-26-000007 |
| Document: 0001273441-26-000007-index-headers.html | 0001273441-26-000007 |
| Document: 0001273441-26-000007-index.html | 0001273441-26-000007 |
| Document: 0001273441-26-000007.txt | 0001273441-26-000007 |
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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