Gran Tierra reports record 2022 net income of $139M, funds flow from ops $366M, free cash flow $129M

GRAN TIERRA ENERGY INC.

2022-FY EPS reported $0.38 revenue$711,388,000

Net income $139M ($0.38/share basic), highest on record; Adjusted EBITDA $490M, up 103% YoY.
Funds flow from operations $366M, up 96% YoY; free cash flow $129M, highest on record.
Average production 30,746 bopd, up 16% YoY; current production ~32,300 bopd within 2023 guidance.
1P reserves replacement 126%, 2P 148%, 3P 280%; 1P NAV per share $4.62, up 77% from 2021.
Reduced debt by $87.9M, net debt down $173.1M; bought back ~23M shares (6.2% of shares outstanding).

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

GRAN TIERRA ENERGY INC. reported the year ended December 31, 2022 results: net income $139 Million, EPS $0.38 per Share, Basic.

Period: the year ended December 31, 2022
Net income: $139 Million
EPS: $0.38 per Share, Basic
Result: reported results

Exact text from the filing

Achieved 2022 Net Income of $139 Million ($0.38 per Share, Basic), Highest on Record

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GRAN TIERRA ENERGY INC. filing history →

Source: SEC EDGAR

accession 0001273441-23-000007

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