Gran Tierra Q1 net loss $119M; signs Azerbaijan EDPSA, Ecopetrol deal; revises guidance

GRAN TIERRA ENERGY INC.

2026-Q1 EPS reported -$3.38 revenue$172,057,000

Net loss of $119M ($3.38/share) vs loss of $19M in Q1 2025; gross profit $37M.
Production 45,497 boepd, down 2% YoY; sold Simonette assets for $49M.
Revised 2026 guidance: production 40-45k boepd, FCF $95-115M, capex $130-170M.
Signed EDPSA with SOCAR (65% WI in Azerbaijan) and strategic partnership with Ecopetrol (49% WI in Tisquirama).
Completed bond exchange: issued $504M of 9.75% notes due 2031, paid $125M cash; reduced net debt to $481M.

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