NYSE: GTE

GRAN TIERRA ENERGY INC.

CIK 0001273441 · SIC 1311 · Crude Petroleum & Natural Gas

Mid Revenue $597M Assets $1.6B as of Oct 11, 2026

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8-K Filed Oct 9, 2026 · Period ending Oct 9, 2026

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8-K Filed Aug 5, 2026 · Period ending Aug 5, 2026

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8-K Filed Aug 5, 2026 · Period ending Aug 4, 2026

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10-Q Filed Aug 5, 2026 · Period ending Jun 30, 2026

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8-K Filed May 12, 2026 · Period ending May 8, 2026

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10-Q Filed May 8, 2026 · Period ending Mar 31, 2026

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10-K Filed Mar 4, 2026 · Period ending Dec 31, 2025

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10-K Filed Feb 24, 2025 · Period ending Dec 31, 2024

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10-Q/A Filed Nov 3, 2021 · Period ending Sep 30, 2021

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Latest financial statements

From 10-Q filed Aug 5, 2026 (period ending Jun 30, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.

As filed

Condensed Consolidated Statements of Operations (Unaudited)

(Thousands of U.S. Dollars, Except for Share and Per Share Amounts)

Description Three months ended June 30, 2026 Three months ended June 30, 2025 Six months ended June 30, 2026 Six months ended June 30, 2025
OIL, NATURAL GAS AND NGL SALES (Note 9) 187,181 149,357 359,238 317,530
EXPENSES
Operating 51,561 55,602 117,710 122,692
Transportation 3,907 4,494 9,210 9,045
Other taxes 1,389 577 2,430 1,058
Depletion, depreciation and accretion (Note 5) 62,334 68,635 132,208 140,837
General and administrative 9,462 14,682 44,287 26,091
Severance 95 — 2,563 —
Foreign exchange loss 2,603 3,716 4,028 7,554
Derivative instruments (gain) loss (Note 12) (11,864) (14,032) 76,546 (12,565)
Interest expense (Note 6) 24,473 24,366 74,351 47,601
143,960 158,040 463,333 342,313
INTEREST INCOME 503 251 904 676
OTHER INCOME (Note 6) 1,625 339 2,773 287
INCOME (LOSS) BEFORE INCOME TAXES 45,349 (8,093) (100,418) (23,820)
INCOME TAX EXPENSE (RECOVERY)
Current (Note 10) 9,115 2,195 14,965 10,460
Deferred (Note 10) 11,373 2,453 (21,072) (2,259)
20,488 4,648 (6,107) 8,201
NET INCOME (LOSS) 24,861 (12,741) (94,311) (32,021)
OTHER COMPREHENSIVE INCOME (LOSS)
Foreign currency translation adjustment (1,864) 9,583 (2,949) 9,774
COMPREHENSIVE INCOME (LOSS) 22,997 (3,158) (97,260) (22,247)
NET INCOME (LOSS) PER SHARE
- BASIC and DILUTED 0.70 (0.36) (2.67) (0.90)
WEIGHTED AVERAGE SHARES OUTSTANDING BASIC and DILUTED (Note 8) 35,368,716 35,334,692 35,334,469 35,554,806

Condensed Consolidated Balance Sheets (Unaudited)

(Thousands of U.S. Dollars, Except for Share Amounts)

Description As at June 30, 2026 As at December 31, 2025
ASSETS
Current Assets
Cash and cash equivalents (Note 13) 126,728 82,931
Accounts receivable 32,838 32,908
Inventory 48,425 55,384
Taxes receivable (Note 4) 15,038 27,113
Derivatives (Note 12) 3,077 10,147
Prepaid expenses 12,856 5,044
Total Current Assets 238,962 213,527
Oil and Gas Properties
Proved 1,073,792 1,154,836
Unproved 108,769 108,339
Total Oil and Gas Properties 1,182,561 1,263,175
Other capital assets 54,381 41,245
Total Property, Plant and Equipment (Note 5) 1,236,942 1,304,420
Other Long-Term Assets
Deferred tax assets 66,640 56,268
Taxes receivable long-term (Note 4) 10,227 1,912
Other long-term assets (Note 12 and 13) 11,324 9,952
Total Other Long-Term Assets 88,191 68,132
Total Assets 1,564,095 1,586,079
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities
Accounts payable, accrued liabilities and other (Note 6 and 7) 383,814 314,005
Current portion of long-term debt (Note 6 and 12) 45,717 21,212
Taxes payable (Note 4) 15,109 11,906
Derivatives (Note 12) 30,693 —
Equity compensation award liability (Note 8) 17,991 8,569
Total Current Liabilities 493,324 355,692
Long-Term Liabilities
Long-term debt (Note 6 and 12) 551,812 686,521
Customer advance (Note 7) 201,409 115,909
Deferred tax liabilities 40,740 53,458
Asset retirement obligation 113,527 118,876
Equity compensation award liability (Note 8) 17,032 14,993
Other long-term liabilities (Note 4) 14,019 11,886
Total Long-Term Liabilities 938,539 1,001,643
Contingencies (Note 11)
Shareholders' Equity
Common Stock (35,380,429 and 35,298,774 issued and outstanding shares of Common Stock as at June 30, 2026 and December 31, 2025, respectively, par value $0.001 per share), (Note 8) 9,939 9,939
Additional paid-in capital 1,269,926 1,269,178
Accumulated other comprehensive (loss) gain (389) 2,560
Deficit (1,147,244) (1,052,933)
Total Shareholders’ Equity 132,232 228,744
Total Liabilities and Shareholders’ Equity 1,564,095 1,586,079

Condensed Consolidated Statements of Cash Flows (Unaudited)

(Thousands of U.S. Dollars)

Description Six months ended June 30, 2026 Six months ended June 30, 2025
Operating Activities
Net loss (94,311) (32,021)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depletion, depreciation and accretion (Note 5) 132,208 140,837
Deferred tax recovery (Note 10) (21,072) (2,259)
Stock-based compensation expense (Note 8) 15,919 29
Amortization of debt issuance costs (Note 6) 13,015 7,915
Unrealized foreign exchange loss 2,663 4,801
(Gain) loss on bond repurchases and exchange (Note 6) (728) 90
Unrealized derivative instruments loss (gain) (Note 12) 31,432 (10,491)
Cash settlement of asset retirement obligation (1,510) (3,045)
Non-cash lease expenses 2,971 3,461
Non-cash interest expense 10,647 —
Lease payments (3,320) (3,112)
Net change in assets and liabilities from operating activities (Note 13) 142,234 1,702
Net cash provided by operating activities 230,148 107,907
Investing Activities
Additions to property, plant and equipment (Note 5 and 13) (102,517) (153,971)
Proceeds on disposition of property, plant and equipment (Note 5) 57,944 —
Proceeds from assets exchange (Note 5) 583 —
Net cash used in investing activities (43,990) (153,971)
Financing Activities
Proceeds from long-term debt, net of issuance costs — 44,781
Repayment of long-term debt — (1,894)
Re-purchase of Senior Notes (Note 6) (8,087) (1,712)
Repayment of Senior Notes (Note 6) (125,000) (24,828)
Re-purchase of shares of Common Stock (Note 8) — (3,466)
Proceeds from exercise of stock options 748 22
Lease payments (8,347) (7,849)
Net cash (used in) provided by financing activities (140,686) 5,054
Foreign exchange loss on cash, cash equivalents and restricted cash and cash equivalents (297) (766)
Net increase (decrease) in cash, cash equivalents and restricted cash and cash equivalents 45,175 (41,776)
Cash and cash equivalents and restricted cash and cash equivalents, beginning of period (Note 13) 92,666 111,337
Cash and cash equivalents and restricted cash and cash equivalents, end of period (Note 13) 137,841 69,561
Supplemental cash flow disclosures (Note 13)

Amounts as printed on the EDGAR/iXBRL face — (Thousands of U.S. Dollars, Except for Share and Per Share Amounts); (Thousands of U.S. Dollars, Except for Share Amounts); (Thousands of U.S. Dollars). Labels, columns, and figures are the filing face, not a GAAP stencil. Interactive statements & notes on EDGAR ↗

View all filings for GTE on SEC EDGAR