earnings
confidence high
sentiment neutral
materiality 0.75
Gran Tierra posts 2025 net loss of $193M; production up 32% on Ecuador & Canada
GRAN TIERRA ENERGY INC.
- Net loss of $193.1M ($5.45/share) vs net income of $3.2M in 2024; includes $136.3M non-cash impairment.
- Adjusted EBITDA fell 23% to $283.7M; operating netback down 37% to $20.18/boe on lower Brent prices.
- Production averaged 45,709 BOEPD (+32% YoY) driven by Ecuador ramp-up and full-year Canadian operations.
- Completed bond exchange with 88% participation: $629M notes exchanged for $504M new notes due 2031, net debt pro forma ~$533M.
- Entered Azerbaijan EDPSA with SOCAR (65% WI); 5-year exploration phase requiring 2 wells and 3D seismic.