Gran Tierra Energy Inc (GTE)
XASE:GTE
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Gran Tierra Energy
(NYSE MKT:GTE)
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Rating:60Neutral
Price Target:
$9.50
▲(26.33% Upside)
Action:Reiterated
Date:05/13/26
The score is driven primarily by weak profitability and steep revenue decline despite positive free cash flow and improved recent leverage. Technicals are supportive with the stock trading above key moving averages and neutral momentum. Earnings-call guidance points to targeted EBITDA/FCF generation, but expected hedging losses and elevated debt temper the outlook, while negative earnings limit valuation support.
Positive Factors
Cash generation
Sustained positive operating and free cash flow despite accounting losses indicates the business generates real cash from production. That cash underpins capex, funds waterflood projects, services debt and supports near-term liquidity, reducing dependence on external financing during cycles.
Negative Factors
Weak profitability and revenue decline
Sharp multi‑year revenue deterioration and large accounting losses signal margin exposure to commodity and pricing timing. Negative returns and volatile earnings limit reinvestment capacity, increase reliance on cash management, and constrain the firm's ability to deliver durable shareholder returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash generation
Sustained positive operating and free cash flow despite accounting losses indicates the business generates real cash from production. That cash underpins capex, funds waterflood projects, services debt and supports near-term liquidity, reducing dependence on external financing during cycles.
Read all positive factors
Gran Tierra Energy (GTE) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$300.56M
Dividend YieldN/A
Average Volume (3M)395.29K
Price to Earnings (P/E)―
Beta (1Y)0.12
Revenue Growth-4.90%
EPS Growth-2372.77%
CountryUS
Employees431
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)-8.29
Shares Outstanding35,359,890
10 Day Avg. Volume361,752
30 Day Avg. Volume395,291
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.66
Price to Sales (P/S)0.25
P/FCF Ratio4.57
Enterprise Value/Market Cap2.67
Enterprise Value/Revenue1.34
Enterprise Value/Gross Profit13.55
Enterprise Value/Ebitda3.12
Forecast
1Y Price Target
$10.32Price Target Upside37.17% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering4
EPS Forecast (FY)-0.76
Revenue Forecast (FY)$637.63M
Gran Tierra Energy Business Overview & Revenue Model
Company Description
Gran Tierra Energy Inc., together with its subsidiaries, engages in the exploration and production of oil and gas properties in Colombia and Ecuador. As of December 31, 2021, it had total proved undeveloped reserves of 24.8 million barrels of oil ...
How the Company Makes Money
Gran Tierra Energy primarily makes money by producing and selling crude oil (and related hydrocarbon volumes) from its operated onshore fields in Colombia and Ecuador. Revenue is generated when produced barrels are sold under commercial arrangemen...
Gran Tierra Energy Earnings Call Summary
Earnings Call Date:May 07, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 05, 2026
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.Positive Updates
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.
Negative Updates
Large reported net loss driven by non-cash and one-time items
Reported net loss of $119 million in Q1 2026 (vs. loss of $141M in prior quarter and loss of $19M in Q1 2025). Management attributes the net loss primarily to unrealized hedging losses, remeasurement of equity compensation, and nonrecurring items (senior note exchange, severance).
Read all updates
Q1-2026 Updates
Positive
Negative
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.
Read all positive updates
Company Guidance
Gran Tierra revised 2026 guidance assuming roughly $84/bbl Brent to reflect higher commodity assumptions, the Simonette disposition, the Tiscorama addition and incremental hedges: production 40–45 mboe/d, EBITDA $345–395 million, free cash flow $95–115 million and capital spending $130–170 million (including ~$15–20 million planned at Tiscorama in 2026); the company forecasts hedging losses of ~$70–72 million, maintains oil option structures (three‑ways, collars and puts) with an average ceiling of ~ $76/bbl, and has gas AECO swaps averaging ~15.6 thousand GJ/day at ~ $2.71/GJ to protect cash flow while preserving upside.Gran Tierra Energy Financial Statement Overview
Summary
Income Statement
32
Negative
Balance Sheet
45
Neutral
Cash Flow
60
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 598.24M | 596.71M | 621.85M | 636.96M | 711.39M | 473.72M |
| Gross Profit | 59.25M | 52.59M | 170.44M | 219.96M | 358.53M | 190.20M |
| EBITDA | 257.42M | 267.57M | 355.69M | 377.55M | 474.53M | 217.39M |
| Net Income | -293.01M | -193.12M | 3.22M | -6.29M | 139.03M | 42.48M |
Balance Sheet | ||||||
| Total Assets | 1.64B | 1.59B | 1.65B | 1.33B | 1.34B | 1.19B |
| Cash, Cash Equivalents and Short-Term Investments | 125.00M | 82.93M | 104.52M | 63.29M | 128.01M | 26.50M |
| Total Debt | 627.42M | 724.78M | 762.21M | 567.24M | 594.39M | 657.69M |
| Total Liabilities | 1.53B | 1.36B | 1.24B | 929.89M | 918.04M | 887.03M |
| Stockholders Equity | 108.92M | 228.74M | 413.57M | 396.39M | 417.57M | 302.08M |
Cash Flow | ||||||
| Free Cash Flow | 220.41M | 32.91M | 5.08M | 9.11M | 191.11M | 94.95M |
| Operating Cash Flow | 256.85M | 313.25M | 239.32M | 227.99M | 427.71M | 244.83M |
| Investing Cash Flow | 12.54M | -272.46M | -352.50M | -226.58M | -210.33M | -105.32M |
| Financing Cash Flow | -168.44M | -59.84M | 156.87M | -69.60M | -113.32M | -124.81M |
Gran Tierra Energy Technical Analysis
Neutral
7.52
Price Trends
8.63
Negative
7.15
Positive
5.64
Positive
Market Momentum
0.09
Positive
45.44
Neutral
11.69
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GTE, the sentiment is Neutral. The current price of 7.52 is below the 20-day moving average (MA) of 9.03, below the 50-day MA of 8.63, and above the 200-day MA of 5.64, indicating a neutral trend. The MACD of 0.09 indicates Positive momentum. The RSI at 45.44 is Neutral, neither overbought nor oversold. The STOCH value of 11.69 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for GTE.
Gran Tierra Energy Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
84 Outperform | $253.60M | 2.30 | 10.70% | ― | 37.77% | 13.02% | |
66 Neutral | $187.24M | 47.36 | -8.07% | 5.24% | 53.71% | -303.17% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
60 Neutral | $300.56M | -0.66 | -107.19% | ― | -4.90% | -2372.77% | |
56 Neutral | $158.20M | -4.36 | -5.44% | 13.52% | -3.16% | -313.41% | |
50 Neutral | $288.98M | -0.36 | -33.01% | ― | -14.01% | -454.24% | |
44 Neutral | $105.05M | -4.01 | -277.83% | ― | -23.13% | -316.13% |
* Energy Sector Average
GTE
Gran Tierra Energy
8.50
3.77
79.70%
EPM
Evolution Petroleum
4.41
0.52
13.31%
REI
Ring Energy
1.38
0.59
74.90%
EPSN
Epsilon Energy
6.19
-0.67
-9.77%
EP
Empire Petroleum
2.64
-1.41
-34.77%
IMPP
Imperial Petroleum
5.68
2.84
100.00%
Gran Tierra Energy Corporate Events
Executive/Board ChangesShareholder Meetings
Gran Tierra Energy Shareholders Back Board, Auditor and Pay
Positive
May 12, 2026
Gran Tierra Energy Inc. held its 2026 Annual Meeting of Stockholders on May 8, 2026, at which shareholders elected five directors to serve until the 2027 annual meeting, with each nominee receiving a solid majority of votes despite a meaningful bl...
Business Operations and Strategy
Gran Tierra Expands Colombian Assets with Tisquirama Block Deal
Positive
Mar 17, 2026
On March 17, 2026, Gran Tierra Energy announced it had signed a contract with Ecopetrol to earn a 49 percent working interest in the Tisquirama block in Colombia’s Middle Magdalena Valley Basin, which includes the Tisquirama and San Roque fi...
Executive/Board ChangesRegulatory Filings and Compliance
Gran Tierra Energy Board Restructured After Multiple Director Resignations
Negative
Mar 17, 2026
On March 11 and 12, 2026, four directors of Gran Tierra Energy Inc. — Evan Hazell, Sondra Scott, David Smith and Brad Virbitsky — resigned from the board, prompting a reduction in board size from nine to five members. The departing dir...
Business Operations and StrategyPrivate Placements and Financing
Gran Tierra Energy Extends Maturities with New 2031 Notes
Positive
Mar 6, 2026
On March 2, 2026, Gran Tierra Energy completed an exchange of US$11.7 million of its 9.500% Senior Secured Amortizing Notes due 2029 for additional 9.750% Senior Secured Amortizing Notes due 2031, bringing the total outstanding under the 2031 seri...
Business Operations and StrategyPrivate Placements and Financing
Gran Tierra Energy Restructures Debt With New Prepayment Facility
Positive
Feb 18, 2026
On February 11, 2026, Gran Tierra Energy terminated its existing Credit and Guaranty Agreement dated April 16, 2025, fully repaid the facility and extinguished the related guarantees and security interests without incurring any material early term...
Business Operations and StrategyPrivate Placements and Financing
Gran Tierra Advances Debt Exchange to Extend Note Maturities
Positive
Feb 13, 2026
On February 12, 2026, Gran Tierra Energy reported strong early participation in its private exchange offer, with US$636.74 million, or about 88.89%, of its 9.500% Senior Secured Amortizing Notes due 2029 tendered for new 9.750% Senior Secured Amor...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.