Gran Tierra Energy

Gran Tierra Energy, Inc. engages in the exploration and production of oil and natural gas in Colombia and Ecuador. It holds interests in the assets located in the Middle Magdalena Valley and Putumayo Basins. The company was founded on June 6, 2003 and is headquartered in Calgary, Canada.

Earnings data Q1 2021

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Gran Tierra Energy posts strong Q2 earnings amid strategic moves

Gran Tierra Energy delivered robust financial results in Q2 2024, driven by increased oil sales and improved operating metrics.
The company's strategic financial maneuvers and shareholder-friendly initiatives underscore its commitment to long-term value creation.
While facing industry challenges and uncertainties, Gran Tierra Energy remains poised to leverage its strengths and pursue growth opportunities.

Gran Tierra Energy reports solid Q3 results amidst diversification

Gran Tierra Energy's Q3 2024 performance reflects solid financial metrics, despite challenges in oil sales and operating netback.
The company's strategic strengths lie in its diversified portfolio, operational successes, and focus on growth opportunities in Canada and South America.
While facing challenges in pricing and operational efficiency, GTE has opportunities to capitalize on acquisitions, global expansion, and operational enhancements.
Overall, GTE's performance highlights a mix of financial stability, operational progress, and strategic direction for future growth.

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Gran Tierra Energy, Inc engages in the exploration and production of oil and natural gas in Colombia and Ecuador. It holds interests in the assets located in the Middle Magdalena Valley and Putumayo Basins. The company was founded on June 6, 2003 and is headquartered in Calgary, Canada.

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Gran Tierra Energy Inc. (NYSE:GTE ) Q4 2022 Earnings Conference Call February 22, 2023 11:00 AM ET Company Participants Gary Guidry - President and CEO Ryan Ellson - EVP and CFO Rob Will - VP, Asset Management Conference Call Participants Adam Gill - Paradigm Capital Oriana Covault - Balanz Josef Schachter - Schacter Energy Research Alexandra Symeonidi - William Blair Philip Skolnick - Eight Capital Luke Davis - RBC Juan Cruz - Morgan Stanley Roman Rossi - Canaccord Genuity Chris Dechiario - Marathon Asset Management Operator Good morning, ladies and gentlemen, and welcome to Gran Tierra Energy's Conference Call for Fourth Quarter and Year End 2022 results. My name is Andrea and I will be your coordinator for today.

Gran Tierra Energy Inc. (GTE) Q4 2022 Earnings Call Transcript

CALGARY, Alberta, Feb. 21, 2023 (GLOBE NEWSWIRE) -- Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE)(TSX:GTE)(LSE:GTE) today announced the Company's financial and operating results for the fourth quarter (“the Quarter”) and year ended December 31, 2022.3 All dollar amounts are in United States (“U.S.”) dollars and all reserves and production volumes are on a working interest before royalties (“WI”) basis unless otherwise indicated. Production is expressed in barrels (“bbl”) of oil per day (“bopd”), while reserves are expressed in bbl, bbl of oil equivalent (“boe”) or million boe (“MMBOE”), unless otherwise indicated. Gran Tierra's 2022 year-end reserves were evaluated by the Company's independent qualified reserves evaluator McDaniel & Associates Consultants Ltd. (“McDaniel”) in a report with an effective date of December 31, 2022 (the “GTE McDaniel Reserves Report”). All reserves values, future net revenue and ancillary information contained in this press release have been prepared by McDaniel and calculated in compliance with Canadian National Instrument 51-101 – Standards of Disclosure for Oil and Gas Activities (“NI 51-101”) and the Canadian Oil and Gas Evaluation Handbook (“COGEH”) and derived from the GTE McDaniel Reserves Report, unless otherwise expressly stated. The following reserves categories are discussed in this press release: Proved (“1P”), 1P plus Probable (“2P”) and 2P plus Possible (“3P”).

Gran Tierra Energy Inc. Announces 2022 Fourth Quarter & Year-End Results, Including Record Net Income, Funds Flow from Operations and Free Cash Flow

CALGARY, Alberta, Feb. 14, 2023 (GLOBE NEWSWIRE) -- Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE) (TSX:GTE) (LSE: GTE) announces that the Company will release its 2022 fourth quarter financial and operating results on Tuesday, February 21, 2023, after market close. Gran Tierra will host its fourth quarter 2022 results conference call on Wednesday, February 22, 2023, at 9:00 a.m. Mountain Time, 11:00 a.m. Eastern Time.

Gran Tierra Energy Inc. Provides Release Date for its 2022 Fourth Quarter Results and Details of Conference Call and Webcast

Rising production bodes well for improved 2023 results. Solid oil reserve growth has lifted the after-tax NAV per share.

Gran Tierra Energy Remains A Buy After Latest News

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CALGARY, Alberta, Jan. 24, 2023 (GLOBE NEWSWIRE) -- Gran Tierra Energy Inc. ("Gran Tierra" or the "Company") (NYSE American:GTE) (TSX:GTE) (LSE: GTE), a company focused on international oil exploration and production with assets currently in Colombia and Ecuador, today announced the Company's 2022 year-end reserves as evaluated by the Company's independent qualified reserves evaluator McDaniel & Associates Consultants Ltd. ("McDaniel") in a report with an effective date of December 31, 2022 (the "GTE McDaniel Reserves Report").

Gran Tierra Energy Inc. Announces Strong Reserves Replacement and Continued Reserves Growth in 2022

Gran Tierra's 2023 Guidance disappoints markets. Colombia's tax hike for oil companies impacts Gran Tierra's free cash flow and earnings.

Gran Tierra Energy: Still Appears Cheap After Releasing Disappointing 2023 Guidance (Rating Downgrade)

CALGARY, Alberta, Dec. 07, 2022 (GLOBE NEWSWIRE) -- Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE)(TSX:GTE)(LSE:GTE) today announced its 2023 capital budget and production guidance. All dollar amounts are in United States dollars and all production volumes are on a working interest before royalties basis and are expressed in barrels (“bbl”) of oil per day (“BOPD”), unless otherwise stated.

Gran Tierra Energy Inc. Announces 2023 Guidance

Gran Tierra Energy is a cheaply valued small-cap company with oil properties in Colombia and Ecuador. This says it all. Investors are usually not keen to invest in companies in foreign countries. And of the investors that would consider, these investors usually demand large caps, as reassurance.

Gran Tierra Energy: At 2x FCF, There's A Lot To Like Here

Gran Tierra Energy Inc. (NYSE:GTE ) Q3 2022 Results Conference Call November 3, 2022 11:00 AM ET Company Participants Gary Guidry - President & Chief Executive Officer Ryan Ellson - Executive Vice President & Chief Financial Officer Paul Baker - Director of Asset Management Conference Call Participants Oriana Covault - Balanz Werner Riding - Peel Hunt Josef Schachter - Schachter Energy Research Survey Matias Castagnino - BCP Securities Roman Rossi - Canaccord Genuity Jose Maria Silva - BTG Pactual Garrett Fellows - J.H. Lane Partners Operator Good morning, ladies and gentlemen, and welcome to Gran Tierra Energy's Results Conference Call for the Third Quarter 2022.

Gran Tierra Energy Inc. (GTE) Q3 2022 Earnings Call Transcript

Geopolitical risks have risen sharply for Colombia's oil industry. The risks associated with President Petro's plans to end Colombia's oil industry are overblown.

Gran Tierra Energy: Oil Price And Geopolitical Risk Rise But Still A Buy

CALGARY, Alberta, Nov. 01, 2022 (GLOBE NEWSWIRE) -- Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE)(TSX:GTE)(LSE:GTE) today announced the Company's financial and operating results for the quarter ended September 30, 2022 (“the Quarter”). All dollar amounts are in United States dollars, and production amounts are on an average working interest (“WI”) before royalties basis unless otherwise indicated. Per barrel (“bbl”) and bbl per day (“BOPD”) amounts are based on WI sales before royalties. For per bbl amounts based on net after royalty (“NAR”) production, see Gran Tierra's Quarterly Report on Form 10-Q filed November 1, 2022.

Gran Tierra Energy Inc. Announces Third Quarter 2022 Results

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CALGARY, Alberta, Oct. 25, 2022 (GLOBE NEWSWIRE) -- Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE)(TSX:GTE)(LSE:GTE) announces that the Company will release its 2022 third quarter financial and operating results on Tuesday, November 1, 2022, after market close. Gran Tierra will host its third quarter 2022 results conference call on Thursday, November 3, 2022, at 9:00 a.m. Mountain Time, 11:00 a.m. Eastern Time.

Gran Tierra Energy Inc. Provides Release Date for its 2022 Third Quarter Results and Details of Conference Call and Webcast

CALGARY, Alberta, Oct. 11, 2022 (GLOBE NEWSWIRE) -- Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE)(TSX:GTE)(LSE:GTE) today announced an operational and financial update. All dollar amounts are in United States dollars, and production amounts are on an average working interest before royalties (“WI”) basis unless otherwise indicated. Per barrel (“bbl”) and bbl per day (“BOPD”) amounts are based on WI sales before royalties.

Gran Tierra Energy Inc. Provides Operational and Financial Updates

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Gran Tierra Energy is a fairly small player in the oil patch that generates strong cash flows. In the current environment, leverage is low and slated to continue its decline.

Gran Tierra Energy: A Solid Play On Foreign Oil

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CALGARY, Alberta, Aug. 29, 2022 (GLOBE NEWSWIRE) -- Gran Tierra Energy Inc. (“Gran Tierra”) (NYSE American: GTE)(TSX: GTE)(LSE: GTE), today announces that the Toronto Stock Exchange (“TSX”) has approved its notice of intention to make a normal course issuer bid (the “Bid”) for its shares of common stock (the “Shares”). As of August 22, 2022, there were 368,871,685 Shares issued and outstanding and the public float was 360,339,690 Shares. Pursuant to the Bid, Gran Tierra will be able to purchase for cancellation up to 36,033,969 Shares, representing 10% of the public float, at prevailing market prices at the time of purchase, through the facilities of the TSX or alternative trading platforms in Canada, if eligible, or by such other means as may be permitted by the TSX, for a one year period commencing on September 1, 2022 and ending on August 31, 2023. Gran Tierra may purchase up to 514,658 Shares on the TSX during any trading day, which represents approximately 25% of 2,058,635, which represents the average daily trading volume on the TSX for the most recently completed six calendar months prior to the TSX's acceptance of the notice of the Bid. Gran Tierra may effect repurchases from time to time in the open market; provided that the aggregate purchase price under the Bid shall not exceed USD$37.5 million without further consideration of and approval by Gran Tierra's board of directors.

Gran Tierra Energy Inc. Announces Normal Course Issuer Bid

CALGARY, Alberta, Aug. 18, 2022 (GLOBE NEWSWIRE) -- Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE) (TSX:GTE) (LSE:GTE) today announced that it has, through its wholly owned subsidiaries Gran Tierra Energy Colombia, LLC and Gran Tierra Colombia Inc., entered into a credit facility of up to US$150 million. The facility replaces Gran Tierra's previous credit facility that had a borrowing base of US$150 million. The new facility is with Trafigura, a market leader in the global commodities industry, and has a final maturity date of August 15, 2024, which may be extended to February 18, 2025 if certain conditions are met.

Gran Tierra Energy Inc. Announces New Credit Facility

Gran Tierra Energy Inc. (NYSE:GTE ) Q2 2022 Earnings Conference Call August 9, 2022 11:00 AM ET Company Participants Gary Guidry - President & Chief Executive Officer Ryan Ellson - Executive Vice President & Chief Financial Officer Paul Baker - Director of Asset Management Conference Call Participants Adam Gill - Paradigm Capital Joseph Schachter - Schachter Energy Research Survey Roman Rossi - Canaccord Genuity Jose-Maria Silva - BTG Pactual David Herzberg - Stifel Luke Davis - RBC Operator Good morning, ladies and gentlemen, and welcome to Gran Tierra Energy Results Conference Call for the Second Quarter 2022. My name is Justin, and I will be your coordinator for today.

Gran Tierra Energy Inc. (GTE) CEO Gary Guidry on Q2 2022 Results - Earnings Call Transcript

News for Gran Tierra Energy Stock (GTE)