Gran Tierra Energy Reports Record Production and Exploration Success

Gran Tierra Energy Inc ( (GTE) ) has released its Q1 earnings. Here is a breakdown of the information Gran Tierra Energy Inc presented to its investors.

Gran Tierra Energy Inc. is an independent international energy company focused on oil and natural gas exploration and production, primarily operating in Canada, Colombia, and Ecuador.

In the first quarter of 2025, Gran Tierra Energy Inc. reported record production levels and continued success in exploration activities. The company achieved an average quarterly production of 46,647 barrels of oil equivalent per day (boepd), marking a significant increase from previous quarters.

Key highlights from the quarter include successful exploration in Ecuador with new oil discoveries in the Iguana Block and efficient drilling operations in Colombia and Canada. The company’s financial performance showed improvements, with adjusted EBITDA at $85 million and net cash provided by operating activities increasing by 175% from the previous quarter. However, the company reported a net loss of $19 million, which was an improvement from the previous quarter’s loss.

Gran Tierra Energy Inc. strengthened its financial position by securing an additional $75 million credit facility and reducing its debt by $27 million. The company also continued its share buyback program, repurchasing 453,050 shares during the quarter.

Looking ahead, Gran Tierra Energy Inc. remains focused on maintaining operational efficiency and financial discipline. The management is optimistic about generating value through strategic investments and exploration opportunities, while navigating potential challenges in commodity price volatility.