GRAN TIERRA ENERGY INC. (GTE) Form 8-K — Aug 4, 2026
Gran Tierra Energy swung to a second-quarter 2026 net income of $25 million ($0.70 per share) from a $13 million loss a year earlier, with Adjusted EBITDA of $85 million and free cash flow of roughly $6 million. Total production averaged 41,501 boepd, down 12% year over year after the Simonette and Lodgepole asset sales, lower Colombia volumes, and temporary artificial-lift failures that have since been rectified. The balance sheet held $127 million of cash against $606 million of gross debt for net debt of $479 million, or 1.7x trailing Adjusted EBITDA versus a 1.0x long-term target.
Key figures
- Eps
- 0.7
- Revenue
- 187181000
- Guidance
- 2026 capital program weighted to the first half; capital expenditures expected within previously stated guidance; Q2 production within guidance range.
- Net Income
- 24861000
- Total Debt
- 606000000
- Cash Position
- 127000000
- Shares Outstanding
- 35368716
- Net Debt
- 479000000
- Free Cash Flow
- 5980000
- Lodgepole Sale
- C$12.8 million (US$9.3 million)
- Adjusted EBITDA
- 85071000
- Brent Average Q2
- 96.68
- Production Boepd
- 41501
- Hedged Oil H2 2026
- ~16,000 bbl/d (~52% of oil), floors near US$60/bbl
- Cash Netback Per Boe
- 15.9
- Capital Expenditures
- 54309000
- Production Change Qo Q
- -9%
- Production Change Yo Y
- -12%
- Canada Production Boepd
- 13514
- Ecuador Production Bopd
- 7993
- Operating Netback Per Boe
- 34.73
- Colombia Production Boepd
- 19994
- Funds Flow From Operations
- 60289000
- Net Debt To Adjusted EBITDA
- 1.7x (1.0x long-term target)
- Suroriente Capital Carry Usd
- 123000000
- Undrawn Credit Availability
- 53000000
- Royalties Pct Of WIProduction
- 23% vs 16% in Q2 2025
- Senior Notes Repurchased Six Months
- $9.2 million face value at 12% discount
- Senior Notes Repurchased Post Quarter
- $15.0 million at 10% discount
- Prospective Resources Risked Mean MMbbl
- 33
- Prospective Resources Unrisked Mean MMbbl
- 72
- Contingent Resources2 CDawson Clearwater MMbbl
- 6.5
- Prospective Resources Unrisked Best Estimate MMbbl
- 67
Price after filing
Close on the filing date to close N calendar days later (from $6.69). Historical, not a forecast.
AI analysis
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