secwatch.observer — SEC 8-K summary
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Issuer:     GRAN TIERRA ENERGY INC. (GTE)
CIK:        0001273441
Form:       8-K
Filed at:   2023-11-01T23:59:59+00:00
Accession:  0001273441-23-000025
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1273441/000127344123000025/0001273441-23-000025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1273441/000127344123000025/gte-20231031.htm
  HTML page:      https://secwatch.observer/filing/0001273441-23-000025

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