Quarterly ResultAug 5, 2026, 01:34 AM
Gran Tierra Q2 Net Income $25M, Adjusted EBITDA $85M, Production 41,501 BOEPD
AI Summary
Gran Tierra Energy reported Q2 2026 net income of $25 million and adjusted EBITDA of $85 million, with average production of 41,501 BOEPD. The company also announced a significant prospective and contingent resource report for its Dawson Clearwater and Mount Head areas in Canada, totaling approximately 67 MMbbl of unrisked best-estimate prospective resources. Operationally, Gran Tierra completed its Suroriente capital carry, disposed of Lodgepole assets for C$12.8 million, and satisfied conditions for the Tisquirama contract, enhancing future growth potential in Colombia. The company generated $6.0 million in free cash flow for the quarter.
Key Highlights
- Announced 67 MMbbl unrisked prospective resources in Dawson Clearwater & Mount Head.
- Completed Suroriente capital carry, improving block profitability.
- Disposed of Lodgepole assets for C$12.8 million (US$9.3 million).
- Satisfied conditions for Tisquirama contract, adding growth in Colombia.
- Q2 Net Income of $25 million ($0.70 per share).
- Q2 Adjusted EBITDA of $85 million.
- Q2 Free Cash Flow of $6.0 million.
- Q2 Average Production of 41,501 BOEPD.
Price Impact
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