---
schema_version: "secwatch.filing_event.v1"
accession: "0001273441-23-000014"
form_type: "8-K"
ticker: "GTE"
cik: "0001273441"
company_name: "GRAN TIERRA ENERGY INC."
filed_at: "2023-05-03T23:59:59+00:00"
generated_at: "2026-06-16T00:22:48.224695+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Gran Tierra Q1 net loss $10M, production up 8% to 31,611 BOPD; Suroriente deal extended 20 years

## Summary
- Net loss of $10M ($0.03 per share) vs net income of $14M a year ago; oil sales down 17% to $144M.
- Average production 31,611 BOPD (+8% YoY); Q2-to-date production ~32,400 BOPD.
- Adjusted EBITDA $89M, down from $119M YoY; funds flow from operations $60M (-31% YoY).
- Bought back 13.1M shares for $10.7M (~$0.82/share); repurchased $8M face value of 6.25% senior notes at 15% discount.
- New 20-yr Suroriente block agreement with Ecopetrol; $123M capital commitment over 3 years; exploration drilling H2 2023.

## SEC filing metadata
- accession: 0001273441-23-000014
- form_type: 8-K
- ticker: GTE
- cik: 0001273441
- company_name: GRAN TIERRA ENERGY INC.
- filed_at: 2023-05-03T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1273441/000127344123000014/0001273441-23-000014-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1273441/000127344123000014/gte-20230502.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001273441-23-000014
- JSON: https://secwatch.observer/filing/0001273441-23-000014.json
- Plain text: https://secwatch.observer/filing/0001273441-23-000014.txt

## Key facts
- Earnings Releases
  GRAN TIERRA ENERGY INC. reported financial results for the quarter ended March 31, 2023.
  - Period: the quarter ended March 31, 2023
  - Result: reported results
  source text: On May 2, 2023 , Gran Tierra Energy Inc. issued a press release announcing its financial and operating results for the quarter ended March 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1273441/000127344123000014/0001273441-23-000014-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.