Gran Tierra Energy Inc (GTE)
XASE:GTE
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Earnings Data
Report Date
Aug 05, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.3Last Year’s EPS
-0.36Same Quarter Last Year
Moderate Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call balanced clear strategic progress and disciplined operational execution with notable financial headwinds. Positives include strengthened liquidity, strategic acreage additions (Azerbaijan and Tiscorama), capital discipline (capex reduction and below-budget drilling), and improved cash generation sequentially (adjusted EBITDA and funds flow up QoQ). Negatives include a sizeable reported net loss driven by unrealized hedging and one-time charges, forecasted hedging losses of ~$70–72M that offset higher commodity prices, a modest production decline (2% QoQ/YoY) partly from the Simonette disposition, and maintained leverage (gross debt $606M, net debt $481M). Overall, the company conveys a constructive operational and strategic outlook but remains exposed to hedging impacts, timing/pricing effects in Ecuador, and commodity price sensitivity.Company Guidance
Improved liquidity and balance sheet actions
Exited the quarter with $125 million in cash, repurchased ~$9.2 million face value of 9.75% senior notes at a ~12% discount, completed a Simonette asset disposition and a bond exchange, and reported approximately $54 million of undrawn credit and lending facilities, materially strengthening liquidity and extending maturities.
Strategic portfolio additions and partnerships
Signed an E&P production sharing agreement in Azerbaijan securing a 65% working interest across ~400k gross acres (5-year exploration/appraisal + 25-year development), and entered a strategic partnership with Ecopetrol to earn a 49% working interest in the Tiscorama block (Middle Magdalena Valley, Colombia) — both expand long-term development and appraisal optionality.
2026 financial guidance with cash generation targets
Revised 2026 guidance at an ~$84 Brent assumption: production 40–45k boe/d, EBITDA $345M–$395M, free cash flow $95M–$115M, and capital program $130M–$170M — signaling an explicit focus on free cash flow and disciplined capital allocation.
Quarterly operating and financial improvements
Adjusted EBITDA of $74 million (up from $52M in prior quarter), funds flow from operations $43 million or $1.21 per share (up 60% vs prior quarter), oil sales $172 million (up 32% QoQ and 2% YoY driven by a ~24% Brent increase and 12% higher sold volumes).
Capital discipline and cost performance on development wells
Capital expenditures of $45 million (down from $53M prior quarter and $95M YoY). Drilled Raahu-2 and Cohembi-29 with total Cohembi cost of $7.5 million — ~18% below budget — demonstrating capital efficiency.
Operational progress in Ecuador and Colombia
Commenced water injection at Tenanke in February with early results exceeding expectations; injectivity tests completed and waterflooding planned for Iguana and Perico in late Q2–early Q3 expecting incremental oil uplift and reduced water disposal costs. Continued infill drilling (3 wells on Pad 6) and nearing Cohembi program completion by end of Q2.
Hedge program and gas price protection
Maintaining oil hedges via three-ways, collars and puts with an average ceiling of ~USD 76/bbl for 2026; gas AECO swaps cover ~15.6k GJ/day at ~$2.71/GJ for 2026 to protect cash flow while maintaining upside exposure.
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
GTE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 07, 2026 | $8.76 | $9.15 | +4.45% |
Mar 03, 2026 | $6.58 | $6.89 | +4.71% |
Oct 30, 2025 | $3.69 | $3.43 | -7.05% |
Jul 30, 2025 | $4.41 | $4.48 | +1.59% |
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.
FAQ
When does Gran Tierra Energy Inc (GTE) report earnings?
Gran Tierra Energy Inc (GTE) is schdueled to report earning on Aug 05, 2026, After Close (Confirmed).
What is Gran Tierra Energy Inc (GTE) earnings time?
Gran Tierra Energy Inc (GTE) earnings time is at Aug 05, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is GTE EPS forecast?
GTE EPS forecast for the fiscal quarter 2026 (Q2) is 0.3.