Gran Tierra Energy Stock Price, News & Analysis

Gran Tierra Energy (NYSE American: GTE) announced the results of its annual stockholders meeting held on May 2, 2025. All nine nominated directors were successfully elected with strong approval rates ranging from 93.40% to 97.12%. Stockholders also approved the appointment of KPMG LLP as the company's independent auditor for fiscal year 2025 with 94.22% approval. The compensation package for named executive officers received 91.21% approval. Additionally, the company released its 2024 Sustainability Report titled "Building Long-Term Value and Delivering on Our Commitments," which is available on the company's website.

Gran Tierra Energy reported record Q1 2025 production of 46,647 boepd, up 14% from Q4 2024. The company made two successful oil discoveries in Ecuador's Iguana Block, with combined production of ~1,684 bopd. Financial results showed a net loss of $19 million, with Adjusted EBITDA of $85 million. The company maintained strong liquidity with $77 million in cash and secured a new $75 million credit facility. Key operational highlights include successful drilling in Colombia's Cohembi field and Canada's Simonette area. Gran Tierra continued its share buyback program and debt reduction, paying down $27 million in debt during the quarter. The company reaffirmed its 2025 guidance with production targets of 47,000-53,000 boepd across its operations in Canada, Colombia, and Ecuador.

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.

Gran Tierra Energy (NYSE American:GTE, TSX:GTE, LSE:GTE) has announced the release of its 2024 fourth quarter and year-end financial and operating results on Monday, February 24, 2025, before market open. The company will host a conference call on the same day at 9:00 a.m. Mountain Time (11:00 a.m. Eastern Time, 4:00 p.m. Greenwich Mean Time).

Participants must register through a provided link to receive unique PIN and call-in details, with an option for automatic callback through the 'Call Me' function. A live webcast will be available on Gran Tierra's website, and an audio replay will be accessible for one year until February 24, 2026.

Gran Tierra Energy reported significant reserves growth for 2024, marking its sixth consecutive year of 1P total reserves increase. The company achieved 702% 1P and 1,249% 2P reserves replacement, with total liquids 1P and 2P reserves reaching 128 and 217 million barrels of oil equivalent respectively.

Key financial metrics include a Net Present Value (before tax, 10% discount) of $2.0 billion (1P), $3.2 billion (2P), and $4.5 billion (3P). The company demonstrated strong Finding, Development & Acquisition costs of $4.49 (1P), $2.52 (2P), and $2.10 (3P) per barrel.

Notable achievements include Canada now representing 46% of 1P and 51% of 2P reserves, with the company's reserve life index increasing to 10 years for 1P and 17 years for 2P reserves. Future Development Costs are forecast at $1,029 million for 1P reserves and $1,809 million for 2P reserves.

Gran Tierra Energy has announced its 2025 guidance and operations update, featuring a capital expenditure budget of $240-280 million and expected cash flow of $260-300 million. The company plans to drill 10-14 development wells and 6-8 high-impact exploration wells, with forecast 2025 production of 47,000-53,000 BOEPD, representing a 44% increase from 2024.

The company achieved total production of 34,710 BOEPD in 2024, a 6% increase from 2023. The 2025 base capital program allocates approximately 55% to Colombia, 30% to Ecuador, and 15% to Canada. Key projects include 5-7 development wells in Suroriente, facility expansions in Acordionero, and 2-3 appraisal wells in Chanangue.

Gran Tierra plans to allocate up to 50% of its free cash flow after exploration to share buybacks in the Base Case scenario. The company repurchased approximately 6.7% of its outstanding shares in 2024.

Gran Tierra Energy (NYSE American:GTE) has completed a strategic joint venture transaction with Logan Energy Corp. (TSXV:LGN) for its Simonette Montney assets in Canada. Under the agreement, Logan acquired a 50% working interest and operatorship of a portion of the assets for approximately C$52 million in cash, subject to customary adjustments. Gran Tierra retains the remaining 50% working interest. The partnership aims to provide a growth-focused platform to advance Gran Tierra's Montney development, aligning with the company's strategy of long-term value creation.