Gran Tierra Energy Q2 net loss $11M; production rises 10% to 33,719 BOPD

GRAN TIERRA ENERGY INC.

2023-Q2 EPS reported -$0.61 revenue$302,092,000

Net loss of $11M ($0.33/sh); net income of $53M ($1.44/sh) in Q2 2022.
Q2 average production 33,719 BOPD (up 10% YoY, 7% sequentially); Q3-to-date ~35,300 BOPD.
Adjusted EBITDA $85M; funds flow from operations $53M; capital expenditures $66M.
Completed 2023 development campaign with 21 wells drilled in H1; Ecuador exploration to start Q4 2023.
NCIB completed, repurchased 3.6M shares (~9.8% of float); cash $69M, undrawn $150M credit facility.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

GRAN TIERRA ENERGY INC. reported the quarter ended June 30, 2023 results: net income $11 million, EPS $0.33 per share.

Period: the quarter ended June 30, 2023
Net income: $11 million
EPS: $0.33 per share
Result: reported results

Exact text from the filing

On August 1, 2023 , Gran Tierra Energy Inc. issued a press release announcing its financial and operating results for the quarter ended June 30, 2023.

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GRAN TIERRA ENERGY INC. filing history →

Source: SEC EDGAR

accession 0001273441-23-000021

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