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Gran Tierra Energy Inc. (GTE)
:GTE
Earnings Data
Report Date
Jul 30, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
―Last Year’s EPS
1.16Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 01, 2025
|% Change Since: -6.02%
|Next Earnings Date:Jul 30, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a strong operational performance with record production levels, successful drilling activities, and increased oil sales. However, financial challenges remain with a net loss reported and decreased funds flow from operations due to lower oil prices. Despite increased capital expenditures, the company made significant debt reductions. Overall, the highlights slightly outweigh the lowlights.Company Guidance
During the first quarter of 2025, Gran Tierra Energy demonstrated robust operational performance and financial discipline, with average working interest production reaching approximately 46,619 barrels of oil equivalent (BOE) per day, marking a 14% increase from the fourth quarter of 2024 and a 45% rise year-over-year. The company reported a net loss of $19 million, an improvement from the prior quarter's $34 million loss, while generating adjusted EBITDA of $85 million compared to $76 million in the preceding quarter. Funds flow from operations totaled $55 million or $1.55 per share, reflecting a 25% increase from the previous quarter but a 26% decrease year-over-year due to lower oil prices. Capital expenditures rose to $95 million, driven by developments in Canada, Ecuador, and the Cohembi field in Colombia. At the end of the quarter, Gran Tierra held a cash balance of $77 million, with total debt reduced to $760 million, aided by repaying senior notes and share repurchases. The company's oil sales increased to $171 million, primarily due to higher sales volumes, while operating expenses per BOE decreased by 3% compared to both the first quarter of 2024 and the prior quarter.Record Production Levels
Gran Tierra achieved first quarter 2025 average working interest production of approximately 46,619 BOE per day, which was 14% higher than fourth quarter 2024 and 45% higher year-over-year.
Successful Drilling and Discoveries
Gran Tierra drilled two additional oil discoveries in Ecuador, marking their 10th discovery in the country since entering in 2019. The wells have a combined average production rate of 1,684 barrels per day.
Debt Reduction
The company reduced its gross debt by $27 million, repaying maturing senior notes and repurchasing some of their senior notes due in 2029.
Increased Oil Sales
Gran Tierra generated oil sales of $171 million, up 8% from the first quarter of 2024 and up 16% from the prior quarter, primarily due to higher sales volumes.
Operational Efficiency
Operating expenses decreased by 3% on a per BOE basis compared to the first quarter of 2024 and the prior quarter, highlighting significant gains in cost efficiency.
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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 |
|---|---|---|---|
| May 01, 2025 | $4.32 | $4.35 | +0.69% |
| 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% |
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 Jul 30, 2025, TBA Not Confirmed.
What is Gran Tierra Energy Inc. (GTE) earnings time?
Gran Tierra Energy Inc. (GTE) earnings time is at Jul 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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