GRAN TIERRA ENERGY INC.
Business
Gran Tierra Energy Inc. is an oil and gas exploration and production company operating in Colombia, Ecuador, and Canada. The company develops and produces crude oil, natural gas, and natural gas liquids from conventional basins with established infrastructure. Gran Tierra operates through three geographic segments with significant reserve bases in each jurisdiction, with operations focused on field development, reserve conversion, and optimized hydrocarbon marketing.
Summary from 10-K filed 2026-03-04
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| OIL, NATURAL GAS AND NGL SALES (NOTE 15) | 597 | 622 | 637 | 711 | 474 | |
| Operating | 249 | 202 | 187 | 162 | 136 | |
| Transportation | 17 | 18 | 15 | 10 | 12 | |
| Export tax | 3 | 0 | 0 | — | — | |
| Depletion, depreciation and accretion (Note 8) | 278 | 231 | 216 | 180 | 140 | |
| Asset impairment (Note 9) | 136 | 0 | 0 | — | — | |
| General and administrative | 60 | 51 | 46 | 41 | 36 | |
| Foreign exchange loss (gain) | 9 | −9 | 12 | 3 | 20 | |
| Derivative instruments (gain) loss | −19 | 2 | 0 | 27 | 49 | |
| Interest expense (Note 11) | 101 | 80 | 56 | 46 | 54 | |
| Transaction costs | 0 | 6 | 0 | 0 | — | |
| Other financial instruments loss | 0 | 0 | 15,000 | −7,000 | 3 | |
| TOTAL EXPENSES | 835 | 582 | 530 | 469 | 451 | |
| OTHER GAIN (LOSS) | 4 | 1 | −2 | 3 | −44,000 | |
| INTEREST INCOME | 1 | 4 | 2 | 443,000 | 0 | |
| (LOSS) INCOME BEFORE INCOME TAXES | −233 | 45 | 106 | 245 | 23 | |
| Current (Note 16) | 16 | 69 | 56 | 81 | 4 | |
| Deferred (Note 16) | −56 | −28 | 57 | 25 | −24 | |
| Total income tax (recovery) expense | −40 | 41 | 112 | 106 | −19 | |
| NET (LOSS) INCOME | −193 | 3 | −6 | 139 | 42 | |
| Foreign currency translation gain (loss) | 9 | −7 | 0 | — | — | |
| NET AND COMPREHENSIVE LOSS | −184 | −4 | −6 | 139 | — | |
| BASIC (in dollars per share) | −5.45 | 0.1 | −0.19 | 3.81 | 1.16 | |
| DILUTED (in dollars per share) | −5.45 | 0.1 | −0.19 | 3.76 | 1.15 | |
| WEIGHTED AVERAGE SHARES OUTSTANDING - BASIC (in shares) | 35 | 32 | 33 | 36 | 37 | |
| WEIGHTED AVERAGE SHARES OUTSTANDING - DILUTED (in shares) | 35 | 32 | 33 | 37 | 37 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 83 | 103 | 62 | 127 | 26 | |
| Accounts receivable (Note 6) | 33 | 35 | 12 | 11 | 13 | |
| Inventory (Note 7) | 55 | 43 | 29 | 20 | — | |
| Taxes receivable (Note 5) | 27 | 18 | 438,000 | 54,000 | 46 | |
| Derivatives (Note 18) | 10 | 712,000 | — | — | — | |
| Other current assets | 5 | 10 | 8 | 11 | 17 | |
| Total Current Assets | 214 | 211 | 112 | 169 | 102 | |
| Proved | 1,155 | 1,261 | 1,055 | 1,000 | 860 | |
| Unproved | 108 | 120 | 54 | 74 | 132 | |
| Total Oil and Natural Gas Properties | 1,263 | 1,380 | 1,109 | 1,075 | 991 | |
| Other capital assets | 41 | 43 | 34 | 26 | 4 | |
| Total Property, Plant and Equipment | 1,304 | 1,423 | 1,143 | 1,101 | 996 | |
| Taxes receivable long-term (Note 5) | 2 | 2 | 52 | 28 | 18 | |
| Deferred tax assets (Note 16) | 56 | 12 | 11 | 23 | 61 | |
| Other long-term assets (Note 18 and 19) | 10 | 7 | 8 | 15 | 12 | |
| Total Other Long-Term Assets | 68 | 20 | 71 | — | — | |
| Total Assets | 1,586 | 1,655 | 1,326 | 1,336 | 1,189 | |
| Accounts payable and accrued liabilities (Note 10, 12 and 14) | 314 | 273 | 187 | 168 | 149 | |
| Current portion of long-term debt (Note 11) | 21 | 25 | 0 | 0 | 67 | |
| Taxes payable (Note 5) | 12 | 14 | 27 | 59 | 7 | |
| Equity compensation award liability (Note 13) | 9 | 11 | 10 | 15 | — | |
| Total Current Liabilities | 356 | 322 | 260 | 242 | 228 | |
| Long-term debt (Note 11) | 687 | 722 | 520 | 590 | — | |
| Customer advance (Note 12) | 116 | 0 | — | — | — | |
| Deferred tax liabilities (Note 16) | 53 | 64 | 57 | 28,000 | 0 | |
| Asset retirement obligation (Note 14) | 119 | 106 | 73 | 63 | 55 | |
| Equity compensation award liabilities (Note 13) | 15 | 17 | 9 | 16 | 14 | |
| Other long-term liabilities (Note 18) | 12 | 9 | 11 | 7 | 3 | |
| Total Long-Term Liabilities | 1,002 | 919 | 670 | 676 | 659 | |
| Commitments and Contingencies (Note 17) | — | — | — | — | — | |
| Common Stock (Note 13) (35,298,774 and 36,460,141 issued, 35,298,774 and 35,972,193 outstanding shares of Common Stock, par value $0.001 per share, as at December 31, 2025 and December 31, 2024, respectively) | 10 | 10 | 10 | 10 | 10 | |
| Additional paid in capital | 1,269 | 1,273 | 1,250 | 1,291 | 1,288 | |
| Treasury stock (Note 13) | 0 | −3 | −163,000 | −27 | 0 | |
| Accumulated other comprehensive gain (loss) | 3 | −7 | 0 | — | — | |
| Deficit | −1,053 | −860 | −863 | −857 | −996 | |
| Total Shareholders Equity | 229 | 414 | 396 | 418 | 302 | |
| Total Liabilities and Shareholders Equity | 1,586 | 1,655 | 1,326 | 1,336 | 1,189 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Stock-based compensation expense (Note 13) | 3 | 10 | 6 | 9 | 8 | |
| Amortization of debt issuance costs (Note 11) | 17 | 13 | 6 | 4 | 4 | |
| Non-cash lease expenses | 6 | 6 | 5 | 3 | 2 | |
| Non-cash interest expense | 2 | 0 | 0 | — | — | |
| Lease payments | −6 | −5 | −3 | −2 | −2 | |
| Unrealized foreign exchange loss (gain) | 1 | −8 | −5 | 10 | 22 | |
| Unrealized derivative instruments (gain) loss (Note 18) | −9 | 3 | 0 | — | — | |
| Cash settlement of asset retirement obligation (Note 14) | −6 | −2 | −377,000 | −3 | −805,000 | |
| Other non-cash (gain) loss | −3 | 0 | 2 | −3 | 44,000 | |
| Net change in assets and liabilities from operating activities (Note 19) | 142 | 16 | −48 | 64 | 59 | |
| Net cash provided by operating activities | 313 | 239 | 228 | 428 | 245 | |
| Additions to property, plant and equipment (Note 8 and 19) | −276 | −234 | −227 | −210 | −150 | |
| Cash paid for business combinations, net of cash acquired (Note 3) | 0 | −163 | 0 | 0 | — | |
| Proceeds on disposition of property, plant and equipment (Note 8) | 8 | 44 | 0 | — | — | |
| Cash paid for property acquisitions, net of cash acquired (Note 8) | −4 | 0 | 0 | — | — | |
| Net cash used in investing activities | −272 | −353 | −227 | −210 | −105 | |
| Proceeds from issuance of Senior Notes, net of issuance costs | 0 | 221 | 0 | 0 | 0 | |
| Purchase of Senior Notes (Note 11) | −17 | 0 | −7 | −17 | 0 | |
| Senior Notes issuance costs | 0 | 0 | −13 | 0 | 0 | |
| Repayment of Senior Notes (Note 11) | −25 | 0 | −60 | 0 | 0 | |
| Proceeds from debt, net of issuance costs (Note 11) | 117 | 0 | 48 | 0 | −228,000 | |
| Repayment of debt (Note 11) | −120 | −36 | −14 | −68 | −123 | |
| Lease payments | −11 | −13 | −7 | −2 | −2 | |
| Proceeds from exercise of stock options (Note 13) | 100,000 | 400,000 | 8,000 | 1 | 100,000 | |
| Re-purchase of shares of Common Stock (Note 13) | −3 | −15 | −17 | −27 | 0 | |
| Net cash (used in) provided by financing activities | −60 | 157 | −70 | −113 | −125 | |
| Foreign exchange gain (loss) on cash and cash equivalents and restricted cash and cash equivalents | 387,000 | −3 | 6 | −2 | −821,000 | |
| Net (decrease) increase in cash and cash equivalents and restricted cash and cash equivalents | −19 | 40 | −62 | 102 | 14 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is GRAN TIERRA ENERGY INC.'s CIK number?
GRAN TIERRA ENERGY INC.'s SEC CIK number is 0001273441 (1273441). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find GRAN TIERRA ENERGY INC.'s SEC filings?
All of GRAN TIERRA ENERGY INC.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did GRAN TIERRA ENERGY INC. last report earnings?
GRAN TIERRA ENERGY INC. (GTE) most recently filed an earnings 8-K with the SEC on May 8, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001273441-26-000017). This is GRAN TIERRA ENERGY INC.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is GRAN TIERRA ENERGY INC.'s most recent earnings 8-K?
GRAN TIERRA ENERGY INC.'s latest earnings 8-K (Item 2.02) was filed May 8, 2026 under accession 0001273441-26-000017. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
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