secwatch.observer — SEC 8-K summary
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Issuer:     GRAN TIERRA ENERGY INC. (GTE)
CIK:        0001273441
Form:       8-K
Filed at:   2023-05-03T23:59:59+00:00
Accession:  0001273441-23-000014
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1273441/000127344123000014/0001273441-23-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1273441/000127344123000014/gte-20230502.htm
  HTML page:      https://secwatch.observer/filing/0001273441-23-000014

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