Gran Tierra sees FY26 EBITDA $280M-$330M as ‘base case’

As part of a the company’s 2026 capital budget, production guidance and operational update, Gary Guidry, CEO, commented: “With our exploration commitments in Ecuador now completely fulfilled during 2025 and the Suroriente carried work program forecast to be completed by early Q2 2026, Gran Tierra (GTE) is entering a new phase focused on generating free cash flow and maximizing the value of our diversified portfolio. Our 2026 capital program is focused on high-return, quick-payout development projects across both South America and Canada, including the upcoming production well drilling program in Cohembi and the Montney program at Simonette. Based on our 2026 budget, we see a clear path to fully addressing the $180 million amortization of our 2029 notes due in October 2026 while continuing to optimize long-term value of our asset portfolio. Beyond 2026, Gran Tierra maintains a clear path to meeting all debt maturities, supported by strong liquidity, a resilient cash-generating asset base and commitment to generating free cash flow. The successful closing of the Perico and Espejo acquisition further enhances and strengthens our portfolio in Ecuador, especially as we integrate development plans with our Iguana discovery to unlock meaningful operational and cost synergies. Gran Tierra expects production in Ecuador to exit 2025 at approximately 8,500 to 9,500 bopd with corporate production of approximately 48,000 to 49,000 boepd. Gran Tierra is well-positioned for a period of sustained free cash flow generation and disciplined, return-focused execution.”