Gran Tierra Q2 net income $36M vs loss year ago; production 32,776 BOPD, up 4% per share YoY

GRAN TIERRA ENERGY INC.

2024-Q2 EPS reported $1.15 revenue$323,186,000

Net income of $36M swinging from net loss of $11M in Q2 2023; adjusted EBITDA $103M.
Total average WI production 32,776 BOPD, up 2% sequentially and 4% per share YoY.
Operating netback $38.80/bbl, up 12% YoY; cash netback $15.85/bbl decreased due to $28M tax strategy preserving NOLs.
Repurchased ~0.4M shares in Q2; 3.9M total since Jan 2023 (11% of shares outstanding).
Exploration success: Bocachico Norte-J1 tested multiple zones; Charapa B6 well cored oil-saturated; 3D seismic completed.

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