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Gran Tierra Energy Inc. (GTE)
:GTE
Earnings Data
Report Date
Apr 30, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
―Last Year’s EPS
0.23Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 24, 2025
|% Change Since: -25.04%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Neutral
The call revealed a strong operational performance with record high reserves and production and successful strategic initiatives, including a significant share repurchase program and promising exploration plans. However, these were tempered by financial challenges stemming from decreased adjusted EBITDA, increased operating costs, and production challenges in Colombia.Company Guidance
During the Gran Tierra Energy call discussing the fourth quarter and year-end 2024 results, various key metrics and future guidance were highlighted. The company closed 2024 with record highs across all reserve categories, including 293 million BOE of 2P reserves, and achieved its highest-ever quarterly production in Q4, with average working interest production reaching 34,710 BOE per day, marking a 6% increase from 2023. For 2025, Gran Tierra projects production to rise between 47,000 to 53,000 BOE per day, driven by a development drilling program that includes wells in Suroriente, Ecuador, and Canada. The company plans to allocate 25% of its capital program to exploration, aiming to fulfill its 14-well exploration commitment in Ecuador. Financially, Gran Tierra reported a net income of $3 million for 2024, contrasting a net loss in 2023, with capital expenditures slightly increasing to $234 million. The company's operating costs rose by 8% to $202 million, while adjusted EBITDA decreased by 8% to $367 million due to lower Brent prices. Looking ahead, Gran Tierra targets reducing its gross debt to $600 million by 2026 and $500 million by 2027, with a focus on maintaining a net debt to EBITDA ratio of less than one.Record High Reserves and Production
Gran Tierra closed 2024 with record highs across all reserve categories and delivered its highest ever quarterly production in Q4. The company's 2P reserves reached 293 million BOE, and 2024 average production was 34,710 BOE per day, a 6% increase from 2023.
Successful Share Repurchase Program
Gran Tierra repurchased 6.7% of its outstanding shares through its normal course issuer bid program, reinforcing its commitment to long-term shareholder value creation.
Positive Exploration and Development Plans
Gran Tierra plans to allocate 25% of its 2025 capital program to exploration, including wells in Ecuador and Canada. The company expects 2025 production to increase to 47,000 to 53,000 BOE per day.
Strong Financial Management
Despite a decrease in net oil sales and adjusted EBITDA, Gran Tierra increased its cash balance to $103 million as of December 31, 2024, from $62 million in 2023.
Strategic Canadian Acquisition
The integration of the I3 Canadian asset package was successful, contributing 20% of production and enhancing long-term potential with natural gas reserves.
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GTE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GTE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 24, 2025 | $5.67 | $4.96 | -12.52% |
| Nov 04, 2024 | $6.16 | $6.47 | +5.03% |
| Jul 31, 2024 | $9.28 | $8.58 | -7.54% |
| May 01, 2024 | $8.19 | $8.70 | +6.23% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Gran Tierra Energy Inc. (GTE) report earnings?
Gran Tierra Energy Inc. (GTE) is schdueled to report earning on Apr 30, 2025, TBA Not Confirmed.
What is Gran Tierra Energy Inc. (GTE) earnings time?
Gran Tierra Energy Inc. (GTE) earnings time is at Apr 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GTE EPS forecast?
Currently, no data Available
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