Gran Tierra boosts production, reserves and liquidity while expanding into Azerbaijan

Gran Tierra Energy ( (GTE) ) has provided an announcement.

Gran Tierra reported strong 2025 operational performance with average working interest production rising 32% to 45,709 BOEPD, driven by exploration success in Ecuador and full-year contributions from Canadian operations. The company also achieved its seventh consecutive year of South American reserves growth, with over 100% PDP and 2P reserve replacement, and improved capital commitments in Colombia and Ecuador, enhancing future flexibility.

Financially, Gran Tierra delivered $313.2 million in net cash provided by operating activities, up 31% from 2024, and $283.7 million in adjusted EBITDA despite lower Brent prices, although non-cash impairments led to a net loss of $193.1 million. The firm strengthened its balance sheet and liquidity through a high-participation bond exchange, non-core asset sales, and a prepayment facility, while expanding its international footprint via a new exploration, development and production sharing agreement in Azerbaijan that adds long-term growth optionality.

At year-end 2025, Gran Tierra’s after-tax NAV reached $1.1 billion on a 2P basis with a 2P reserve life index of 15 years, underscoring the depth of its portfolio. Ongoing development in key blocks such as Suroriente, where the Raju-2 well is outperforming expectations, together with reduced future development commitments and a focus on deleveraging, positions the company for stable production, free cash flow generation and improved resilience for stakeholders heading into 2026.

More about Gran Tierra Energy

Gran Tierra Energy Inc. is an oil and gas exploration and production company focused on assets in South America and Canada. The company produces crude oil and natural gas, with a growing reserves base in both regions and a strategy centered on long-life, high-quality fields and disciplined capital allocation.

See more insights into GTE stock on TipRanks’ Stock Analysis page.