Gran Tierra Q3 net income $7M; production 33,940 BOPD, highest since Q2 2019; free cash flow $36M

GRAN TIERRA ENERGY INC.

2023-Q3 EPS reported -$0.42 revenue$482,013,000

Q3 2023 net income of $7M (EPS $0.20) vs net loss of $11M in Q2 2023 and net income of $39M in Q3 2022.
Average WI production 33,940 BOPD, up 12% YoY and 1% QoQ; highest quarterly average since Q2 2019.
Adjusted EBITDA of $119M, up 23% QoQ; funds flow from operations $79M, up 49% QoQ; free cash flow $36M.
Subsequent to quarter, completed bond exchange for 9.500% Senior Amortizing Notes due 2029; drew $50M on credit facility.
Operating netback per bbl $40.87, up 18% QoQ; capex $43M; plans to resume drilling at Acordionero and Costayaco in Dec 2023.

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 financial results for the quarter ended September 30, 2023.

Period: the quarter ended September 30, 2023
Result: reported results

Exact text from the filing

On October 31, 2023, Gran Tierra Energy Inc. issued a press release announcing its financial and operating results for the quarter ended September 30, 2023.

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GRAN TIERRA ENERGY INC. filing history →

Source: SEC EDGAR

accession 0001273441-23-000025

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