Gran Tierra Q3 2022 net income $39M; production up 5% YoY to 30,391 BOPD

GRAN TIERRA ENERGY INC.

2022-Q3 EPS reported $0.28 revenue$548,751,000

Net income of $39M (diluted EPS $0.10); adjusted EBITDA of $121M, up 48% YoY.
Average production 30,391 BOPD (+5% YoY); Q4-to-date Oct. avg. 32,291 BOPD.
Free cash flow $37M; oil sales $168M (+24% YoY) on Brent avg. $97.70/bbl.
Repurchased 10.7M shares for $14.4M and bought back $20.1M face value of 6.25% notes due 2025.
Colombia Rose-1 well flowed 242 BOPD naturally; Ecuador Charapa Norte-1 well cased with oil shows.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

GRAN TIERRA ENERGY INC. reported the quarter ended September 30, 2022 results: revenue $168 million, net income $39 million, EPS $0.10 per share.

Period: the quarter ended September 30, 2022
Revenue: $168 million
Net income: $39 million
EPS: $0.10 per share
Result: reported results

Exact text from the filing

• Third Quarter 2022 Average Production of 30,391 BOPD, Up 5% from One Year Ago • Fourth Quarter-To-Date 2022 Average Production (1 ) of 32,291 BOPD • Net Income of $39 Million, $168 Million Over The Last 12 Months • Adjusted EBITDA (2) of $121 Million, Up 48% Year-on-Year, $462 Million Over Last 12 Months • Net Cash Provided by Operating Activities of $109 Million,

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Source: SEC EDGAR

accession 0001273441-22-000036

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