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 fiscal year ended 31 December 2023, Gran Tierra Energy Inc revenues decreased 10% to $637M. Net loss totaled $6.3M vs. income of $139M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net loss reflects Avg. Production Costs per Barrel, Total increase of 6% to $21.14 per barrel, Development Costs increase of 27% to $203.8M, Depletion. |
| Employees: | 351 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $1,063M as of Mar 31, 2024 |
| Annual revenue (TTM): | $871.61M as of Mar 31, 2024 |
| EBITDA (TTM): | $532.43M as of Mar 31, 2024 |
| Net annual income (TTM): | -$8.60M as of Mar 31, 2024 |
| Free cash flow (TTM): | $12.47M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | $691.17M 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 | |
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