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Gran Tierra Energy Inc. (T:GTE)

Business Focus: Oil & Gas Exploration and Production (NEC)

This company is also listed in the United States as GTE on the AMEX. Click here to get the live US quote and see if there are any SEC insider filings..
Sector:  Energy Industry:  Oil & Gas Exploration and Production
 
See Regulatory Filings on SEDAR
Company Contact
Address: 500 CENTRE STREET SE
CALGARY AB T2G 1A6
Tel: N/A
Website: www.grantierra.com
IR: See website
Key People
Gary Stephen Guidry
President, Chief Executive Officer, Director
Ryan Paul Ellson
Chief Financial Officer, Executive Vice President - Finance
Rodger Derrick Trimble
Vice President - Investor Relations
James Evans
Vice President - Corporate Services
Lawrence W. West
Vice President - Exploration
 
Business Overview
Gran Tierra Energy Inc. is a Canada-based independent international energy company. The Company is focused on oil and natural gas exploration and production in Colombia and Ecuador. It is developing its portfolio of assets in Colombia and Ecuador. Its assets in Colombia represents 100% of its production with oil reserves and production mainly located in the Middle Magdalena Valley (MMV) and Putumayo Basin. In MMV, the Company's field is the Acordionero field, where it produces approximately 17-degree American Petroleum Institute (API) oil, which represented 53% of total Company production. The Putumayo production is approximately 27-degree API for Chaza Block and 18-degree API for Suoriente Block, which represented 37% of total Company production.
Financial Overview
For the fiscal year ended 31 December 2022, Gran Tierra Energy Inc revenues increased 50% to $711.4M. Net income increased from $42.5M to $139M. Revenues reflect Crude Oil Production, Total increase of 5% to 9.1M barrels, Oil Equivalent Production (Units/day), T increase of 10% to 24K barrels per day. Net income benefited from Derivative instruments loss decrease of 46% to $26.6M (expense), Foreign exchange loss decrease of 87% to $2.6M (expense).
Employees: 336 as of Dec 31, 2022
Reporting Currency: U.S. Dollars
Enterprise value: $1,013M as of Dec 31, 2022
Annual revenue (TTM): $967.35M as of Dec 31, 2022
EBITDA (TTM): $677.70M as of Dec 31, 2022
Net annual income (TTM): $189.05M as of Dec 31, 2022
Free cash flow (TTM): $259.87M as of Dec 31, 2022
Net Debt Last Fiscal Year: $635.73M as of Dec 31, 2022
Shares outstanding: 346,151,157 as of Feb 16, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization