Quarterly ResultAug 5, 2026, 06:08 AM
Gran Tierra Q2 Net Income $25M, Adj. EBITDA $85M; Positive Free Cash Flow
AI Summary
Gran Tierra Energy Inc. reported strong financial results for Q2 2026, achieving a net income of $25 million and Adjusted EBITDA of $85 million, driven by higher commodity prices and reduced operating costs. The company generated positive free cash flow of $6.0 million. Operationally, Gran Tierra announced 67 MMbbl of unrisked best-estimate prospective resources in Canada, completed its Suroriente capital carry in Colombia, and disposed of Lodgepole assets for C$12.8 million. Production for the quarter averaged 41,501 BOEPD.
Key Highlights
- Net Income was $25 million, a significant improvement from a $119 million loss in Q1 2026.
- Adjusted EBITDA reached $85 million, up 15% from $74 million in the prior quarter.
- Generated $6.0 million in free cash flow, an increase from $2.7 million in Q2 2025.
- Total average production was 41,501 BOEPD, down 9% from Q1 2026.
- Announced 67 MMbbl of unrisked best-estimate prospective resources in Canada.
- Completed $123 million Suroriente capital carry, improving block profitability in Colombia.
- Disposed of Lodgepole assets for C$12.8 million (US$9.3 million).
- Repurchased $9.2 million of Senior Notes in Q2 2026 and an additional $15.0 million post-quarter.
Price Impact
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