Gran Tierra Energy Inc. (GTE)
:GTE
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Gran Tierra Energy
(GTE)
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Rating:56Neutral
Price Target:
$7.50
▼(-0.27% Downside)
Action:ReiteratedDate:03/19/26
The score is held back primarily by weak recent financial performance (TTM losses, negative free cash flow, and elevated leverage). Offsetting this, technical momentum is strong with price above all major moving averages, and management’s latest call outlined credible hedging and deleveraging plans supported by liquidity actions—though near-term earnings/cost pressures remain a key risk.
Positive Factors
Production Growth
A 32% rise in working-interest production reflects successful exploration and full-year contributions, increasing scale of operated volumes. Sustained higher production improves long-term cash generation, helps absorb fixed costs, and underpins medium-term deleveraging and capital allocation plans.
Negative Factors
Elevated Leverage
Sustained high leverage (TTM debt-to-equity ~2.1) constrains financial flexibility and increases covenant and refinancing vulnerability if commodities or operations weaken. Even with extended maturities, elevated debt limits capacity for opportunistic investment and increases downside risk over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Production Growth
A 32% rise in working-interest production reflects successful exploration and full-year contributions, increasing scale of operated volumes. Sustained higher production improves long-term cash generation, helps absorb fixed costs, and underpins medium-term deleveraging and capital allocation plans.
Read all positive factors
Gran Tierra Energy (GTE) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$325.45M
Dividend YieldN/A
Average Volume (3M)767.29K
Price to Earnings (P/E)―
Beta (1Y)0.15
Revenue Growth-3.16%
EPS Growth-2822.47%
CountryUS
Employees431
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)-4.00
Shares Outstanding35,298,775
10 Day Avg. Volume519,206
30 Day Avg. Volume767,295
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.66
Price to Sales (P/S)0.25
P/FCF Ratio4.02
Enterprise Value/Market Cap2.97
Enterprise Value/Revenue1.62
Enterprise Value/Gross Profit18.39
Enterprise Value/Ebitda3.55
Forecast
1Y Price Target
$9.71Price Target Upside29.16% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering4
EPS Forecast (FY)-1.66
Revenue Forecast (FY)$608.65M
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:Mar 03, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 06, 2026
Earnings Call Sentiment Positive
The call balanced significant near-term financial pressures (a $193M net loss including $136M impairments, lower adjusted EBITDA and funds flow, higher total operating expenses, and a reduced cash balance) against clear, actionable progress on liquidity, balance sheet repair, portfolio diversification, and operational growth (successful bond exchange and prepayment amendment, entry into Azerbaijan, 32% production growth, strong operating cash generation up 31%, robust reserve base and NAV upside). Management emphasized a shift to disciplined deleveraging, opportunistic debt buybacks, and continued capital discipline while retaining growth optionality. Given the combination of meaningful steps to strengthen liquidity and long-term optionality, but also material near-term earnings and cost challenges, the tone is constructive and forward-looking.Positive Updates
Improved Liquidity and Balance Sheet Actions
Executed a bond exchange of 9.5% senior secured amortizing notes due 2029 with ~88% participation; amended prepayment agreement adding up to $175M plus a $25M accordion as primary liquidity for the exchange; terminated the Colombia credit facility while retaining an undrawn C$75M Canadian facility; bought back $21.3M face value of 2029 notes during 2025.
Negative Updates
Large Net Loss and Impairments
Realized net loss of $193M ($5.45/share) in 2025, which included ceiling test impairment losses of $136M, a material swing from net income of $3.2M ($0.10/share) in 2024.
Read all updates
Q4-2025 Updates
Positive
Negative
Improved Liquidity and Balance Sheet Actions
Executed a bond exchange of 9.5% senior secured amortizing notes due 2029 with ~88% participation; amended prepayment agreement adding up to $175M plus a $25M accordion as primary liquidity for the exchange; terminated the Colombia credit facility while retaining an undrawn C$75M Canadian facility; bought back $21.3M face value of 2029 notes during 2025.
Read all positive updates
Company Guidance
The company’s guidance emphasized cash-flow generation and accelerated deleveraging while keeping the 2026 capital program largely unchanged: roughly 50% of 2026 production is hedged (oil with three‑ways/collars/puts averaging a ~$60 floor and ~$74 ceiling; gas AECO swaps ~14,200 GJ/day at ~$2.77/GJ), and in a $75/bbl price “high case” the company would generate about $130 million of free cash flow; CapEx for 2026 is set and not expected to change materially, and excess cash will be prioritized to debt reduction (target net debt/EBITDA 1.0x by 2028). Liquidity and balance‑sheet metrics cited include a successful exchange of the 9.5% senior secured 2029 notes with ~88% participation, a post‑year‑end amended prepayment facility adding up to $175 million plus a $25 million accordion, termination of the Colombia credit facility while retaining an undrawn C$75 million Canadian facility, $83 million cash at 12/31/2025, and $21.3 million face value of 2029 notes repurchased in 2025; the exchange also imposes a 2:1 debt‑reduction-to‑share‑buyback constraint. Operational and reserve metrics supporting the guidance include 2025 average WI production of 45,709 BOE/d (up 32% y/y), 1P/2P/3P reserves of 142/258/329 MMBOE, NAV per share (1P before tax $22.61 / after tax $13.61; 2P before tax $51.09 / after tax $31.17), Rahoo‑2 producing ~790 BOPD (<1% water cut) and Suroriente carry expected complete by mid‑2026.Gran Tierra Energy Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
44
Neutral
Cash Flow
52
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 596.71M | 621.85M | 636.96M | 711.39M | 473.72M |
| Gross Profit | 52.59M | 170.44M | 219.96M | 358.53M | 190.20M |
| EBITDA | 267.57M | 355.69M | 377.55M | 474.53M | 217.39M |
| Net Income | -193.12M | 3.22M | -6.29M | 139.03M | 42.48M |
Balance Sheet | |||||
| Total Assets | 1.59B | 1.65B | 1.33B | 1.34B | 1.19B |
| Cash, Cash Equivalents and Short-Term Investments | 82.93M | 104.52M | 63.29M | 128.01M | 26.50M |
| Total Debt | 724.78M | 762.21M | 567.24M | 594.39M | 657.69M |
| Total Liabilities | 1.36B | 1.24B | 929.89M | 918.04M | 887.03M |
| Stockholders Equity | 228.74M | 413.57M | 396.39M | 417.57M | 302.08M |
Cash Flow | |||||
| Free Cash Flow | 37.38M | 5.08M | 9.11M | 191.11M | 94.95M |
| Operating Cash Flow | 313.25M | 239.32M | 227.99M | 427.71M | 244.83M |
| Investing Cash Flow | -272.46M | -352.50M | -226.58M | -210.33M | -105.32M |
| Financing Cash Flow | -59.84M | 156.87M | -69.60M | -113.32M | -124.81M |
Gran Tierra Energy Technical Analysis
Neutral
7.52
Price Trends
7.37
Positive
5.99
Positive
5.09
Positive
Market Momentum
0.05
Positive
44.75
Neutral
28.31
Neutral
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 8.30, above the 50-day MA of 7.37, and above the 200-day MA of 5.09, indicating a neutral trend. The MACD of 0.05 indicates Positive momentum. The RSI at 44.75 is Neutral, neither overbought nor oversold. The STOCH value of 28.31 is Neutral, 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 |
|---|---|---|---|---|---|---|---|
75 Outperform | $218.78M | 2.50 | 10.70% | ― | 9.17% | -18.51% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
65 Neutral | $169.42M | 28.10 | 4.46% | 13.52% | -0.91% | 65.38% | |
63 Neutral | $190.87M | -22.04 | -4.55% | 5.24% | 63.65% | -386.67% | |
60 Neutral | $381.10M | -5.17 | -4.02% | ― | -16.15% | -148.78% | |
56 Neutral | $325.45M | -0.78 | -56.05% | ― | -3.16% | -2822.47% | |
43 Neutral | $103.16M | -1.44 | -177.26% | ― | -22.34% | -282.22% |
* Energy Sector Average
GTE
Gran Tierra Energy
9.22
5.12
124.88%
EPM
Evolution Petroleum
4.84
1.14
30.74%
REI
Ring Energy
1.82
0.95
108.72%
EPSN
Epsilon Energy
6.31
-0.20
-3.00%
EP
Empire Petroleum
2.80
-1.10
-28.15%
IMPP
Imperial Petroleum
4.90
2.24
84.21%
Gran Tierra Energy Corporate Events
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.