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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
 
Company Contact
Address: 500 CENTRE STREET SE
CALGARY AB T2G 1A6
Tel: N/A
Website: https://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
Sebastien Morin
Chief Operating Officer
James Evans
Vice President - Corporate Services
Phillip Abraham
Vice President - Legal and Business Development
 
Business Overview
Gran Tierra Energy Inc. is an independent international energy company. The Company is focused on international oil and natural gas exploration and production with assets in Colombia and Ecuador. The Company has interests in approximately 22 blocks in Colombia, three blocks in Ecuador, and is the operator of 24 of these blocks. Its assets in Colombia represent approximately 99% 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 represents 52% of total company production. The Putumayo production is approximately 27-degree API for Chaza Block and 18-degree API for Suoriente Block, representing 25% and 14% respectively, of total company production.
Financial Overview
For the three months ended 31 March 2024, Gran Tierra Energy Inc revenues increased 9% to $157.6M. Net loss decreased 99% to $78K. Revenues reflect Oil Equivalent Production (Units/day), T increase of 3% to 26K barrels per day. Lower net loss reflects Foreign exchange (gain) loss decrease from $1.7M (expense) to $815K (income), Selling/General/Admin. Expense decrease of 15% to $9.5M (expense).
Employees: 351 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $1,112M as of Mar 31, 2024
Annual revenue (TTM): $893.25M as of Mar 31, 2024
EBITDA (TTM): $540.72M as of Mar 31, 2024
Net annual income (TTM): $4.58M as of Mar 31, 2024
Free cash flow (TTM): $50.02M as of Mar 31, 2024
Net Debt Last Fiscal Year: $681.75M as of Mar 31, 2024
Shares outstanding: 31,332,184 as of Apr 29, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization