Welcome to our dedicated page for Gran Tierra Energy news (Ticker: GTE), a resource for investors and traders seeking the latest updates and insights on Gran Tierra Energy stock.
Gran Tierra Energy Inc. (GTE) delivers oil and gas exploration, development, and production across Colombia, Ecuador, and Canada. This news hub provides investors and industry observers with official updates and third-party analysis of the company's activities.
Access real-time press releases covering quarterly earnings, operational milestones, and strategic initiatives. Our curated news collection offers insights into asset developments, partnership announcements, and management updates while maintaining strict compliance with financial disclosure standards.
Key content categories include drilling results, production reports, sustainability efforts, and regulatory filings. Bookmark this page for streamlined tracking of GTE's progress in South American energy markets and Canadian operations.
Gran Tierra Energy (NYSE American:GTE) has announced the acquisition of GeoPark Ecuador and Frontera Energy's interests in the Perico and Espejo Blocks in Ecuador's Oriente Basin for US$15.55 million, plus potential contingent payment of $1.5 million. The assets currently produce approximately 2,000 barrels of oil per day, representing a purchase price of $7,750 per flowing barrel.
The strategic acquisition expands GTE's footprint in Ecuador, with the Perico Block being adjacent to their operated Iguana Block where they recently made two oil discoveries. The deal is expected to close in Q4 2025, subject to regulatory approvals from Ecuador's Ministry of Energy.
The company plans to leverage its regional expertise and infrastructure to enhance value through efficient enhanced oil recovery techniques, particularly waterflooding, building on their nearly two decades of operational experience in neighboring Colombia.
Gran Tierra Energy (NYSE:GTE) reported record-breaking Q2 2025 production of 47,196 boepd, marking a 44% increase year-over-year. The company achieved $54 million in funds flow from operations and $77 million in Adjusted EBITDA.
Key operational highlights include signing a mandate letter for up to $200 million in funding, reaching a company record of 32 million hours without lost time injury, and achieving the lowest operating costs per boe ($13.42) since Q1 2022. The company also entered into a binding agreement to exit the UK North Sea.
Gran Tierra's diversified portfolio showed strong performance across Colombia, Ecuador, and Canada, with successful drilling programs and waterflood management contributing to production growth. The company maintained a disciplined hedging strategy and ended the quarter with $61 million in cash and $746 million in net debt.
Gran Tierra Energy (NYSE American:GTE) has announced the release date for its 2025 second quarter financial and operating results. The company will release its results on Wednesday, July 30, 2025, after market close.
A conference call to discuss the results will be held on Thursday, July 31, 2025, at 9:00 a.m. MT (11:00 a.m. ET). Participants must register through a provided link to receive unique PIN and call-in details. The company has introduced a new "Call Me" feature for participants. A live webcast will be available on Gran Tierra's website, and an audio replay will be accessible for one year until July 31, 2026.
Gran Tierra Energy (NYSE American:GTE) (TSX:GTE) (LSE:GTE) has announced key dates for its upcoming corporate events. The company will release its 2025 first quarter financial and operating results on Thursday, May 1, 2025, after market close, followed by a conference call on Friday, May 2, 2025, at 9:00 a.m. MT (11:00 a.m. ET).
The company's 2025 Annual Meeting of Stockholders will be held virtually on Friday, May 2, 2025, at 10:00 a.m. MT (12:00 p.m. ET). Shareholders can participate electronically at https://web.lumiagm.com/208908912. Registered stockholders will need their control number to vote and submit questions, while beneficial owners must register through their brokers and complete additional steps with Odyssey Trust.
For the quarterly conference call, interested parties must pre-register through a provided link to receive unique PIN and call-in details. A webcast replay will be available until May 2, 2026.
Gran Tierra Energy (NYSE American:GTE)(TSX:GTE)(LSE:GTE) has secured a new US$75 million reserve-based lending facility through its subsidiary Gran Tierra Energy Colombia GmbH. The facility has a 36-month maturity and includes annual redetermination beginning May 1, 2026.
Key terms include interest based on Term Secured Overnight Financing Rate plus a 4.50% annual margin. The loan is secured by economic rights over certain contracts and Gran Tierra's Colombian commercial establishment. All outstanding principal, interest, and other payment obligations are due at maturity, with an option to prepay without penalty.
Gran Tierra Energy reported its Q4 and full-year 2024 results, achieving record fourth quarter production of 41,009 BOEPD and full-year average production of 34,710 BOEPD, up 6% from 2023. The company posted net income of $3.2 million ($0.10 per share) and Adjusted EBITDA of $367 million for 2024.
The company delivered net cash from operations of $239.3 million, a 5% increase from 2023, and generated funds flow from operations of $225 million. Gran Tierra achieved its sixth consecutive year of proved (1P) reserves growth, reaching highest year-end reserves in company history: 167 MMBOE (1P), 293 MMBOE (2P), and 385 MMBOE (3P).
The company's Net Asset Value per share stands at $35.22 before tax and $19.51 after tax (1P), and $71.14 before tax and $41.03 after tax (2P). Capital expenditures increased 3% to $234.2 million in 2024, primarily funded by operating cash flow.
FAQ
What is the current stock price of Gran Tierra Energy (GTE)?
What is the market cap of Gran Tierra Energy (GTE)?
