secwatch.observer — SEC 8-K summary
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Issuer:     GRAN TIERRA ENERGY INC. (GTE)
CIK:        0001273441
Form:       8-K
Filed at:   2024-07-31T23:59:59+00:00
Accession:  0001273441-24-000025
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1273441/000127344124000025/0001273441-24-000025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1273441/000127344124000025/gte-20240731.htm
  HTML page:      https://secwatch.observer/filing/0001273441-24-000025

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