Gran Tierra posts 2023 net loss of $6M; meets production and cash flow guidance

GRAN TIERRA ENERGY INC.

2023-FY EPS reported -$0.19 revenue$636,957,000

2023 net loss $6.3M ($0.19/sh) vs net income of $139M in 2022; Q4 net income $7.7M.
Adjusted EBITDA $399M; funds flow from operations $277M; free cash flow $58M.
2023 avg WI production 32,647 bopd (+6% YoY); 2024 guidance 32,000-35,000 bopd.
1P reserves 90 MMBOE with 154% replacement; after-tax NAV per share (1P) $24.06.
Issued $487.6M of 9.500% senior notes due 2029; repurchased 2.4M shares (6.8% of outstanding).

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 year ended December 31, 2023 results: net income net loss of $6.3 million or $0.19 per share (basic and diluted), EPS $0.19 per share (basic and diluted). Guidance reaffirmed.

Period: year ended December 31, 2023
Net income: net loss of $6.3 million or $0.19 per share (basic and diluted)
EPS: $0.19 per share (basic and diluted)
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Gran Tierra realized a net loss of $6.3 million or $0.19 per share (basic and diluted), compared to net income of $139.0 million , or $3.81 per s hare (basic) and $3.76 per share (diluted) in 2022

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GRAN TIERRA ENERGY INC. filing history →

Source: SEC EDGAR

accession 0001273441-24-000008

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