secwatch.observer — SEC 8-K summary
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Issuer:     GRAN TIERRA ENERGY INC. (GTE)
CIK:        0001273441
Form:       8-K
Filed at:   2024-02-20T23:59:59+00:00
Accession:  0001273441-24-000008
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1273441/000127344124000008/0001273441-24-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1273441/000127344124000008/gte-20240220.htm
  HTML page:      https://secwatch.observer/filing/0001273441-24-000008

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer