The EPS beat is largely due to non-cash items and does not reflect operational improvement; focus on the revised 2026 free cash flow guidance of $95-115M and the company's ability to execute on Azerbaijan and Ecopetrol partnerships. Monitor Q2 2026 for production ramp and debt reduction progress.
Price Chart
Executive Summary
Gran Tierra Energy reported Q1 2026 EPS of -$0.14, beating consensus of -$1.32 by 89.4%, but posted a net loss of $119M driven by $77M in unrealized hedging losses and $20M in stock-based compensation. The company revised 2026 guidance to reflect higher commodity prices, the Simonette asset sale, and new partnerships, forecasting free cash flow of $95-115M. Despite the EPS beat, the underlying net loss and reliance on non-cash items temper the positive surprise.
Key Financial Metrics
Key Facts
- Q1 2026 EPS of -$0.14 vs consensus -$1.32 (89.4% beat)
- Net loss of $119M, primarily from $77M unrealized hedging loss and $20M stock-based compensation
- Revised 2026 guidance: production 40,000-45,000 boepd, free cash flow $95-115M
- Completed Simonette asset disposition for $49M; exited quarter with $125M cash
- Signed EDPSA with SOCAR for Azerbaijan exploration and strategic partnership with Ecopetrol
- Bond exchange: issued $504M in 9.75% Senior Notes due 2031, extended maturities
- Audit Committee concluded investigation into anonymous complaint; process improvements implemented
Financial Impact
Net loss of $119M in Q1 2026 vs $19M loss in Q1 2025; free cash flow guidance of $95-115M for 2026
Risk Factors
- Unrealized hedging losses could reverse and impact future earnings
- Execution risk in Azerbaijan and Colombia partnerships
- Commodity price volatility and widening differentials in South America
- High debt load of $606M despite cash balance of $125M
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3290770 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 9, 2026 17d ago | 8-K | $10.52 $10.62 | ▲ +0.95% | ▲ +0.96% | $11.49 (+9.22%) |
Oct 7, 2026 19d ago | DEFA14A | $10.49 $10.58 | ▲ +0.86% | ▲ +0.26% | $11.49 (+9.53%) |
Oct 5, 2026 21d 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 10w 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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