Gran Tierra Energy Inc. (GTE) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$0.34	$0.7	+105.9%	—	$187.2M	—
Q4 25	-$0.16	-$4	-2400.0%	—	$129.9M	—
Q2 25	-$0.43	-$0.36	+16.3%	—	$152.5M	—
Q1 25	-$0.23	-$0.54	-134.8%	—	$170.5M	—
Q4 24	$0.03	-$0.85	-2933.3%	—	$147.3M	—
Q3 24	$0.14	$0.04	-71.4%	—	$151.4M	—
Q2 24	$0.23	$1.16	+404.3%	—	$165.6M	—
Q1 24	-$0.13	$0.23	+276.9%	—	$157.6M	—
Q4 23	-$0.13	$0.23	+276.9%	—	$154.9M	—
Q3 23	-$0.45	$0.2	+144.4%	—	$179.9M	—
Q2 23	-$0.61	-$0.33	+45.9%	—	$157.9M	—
Q1 23	—	-$0.03	—	—	$144.2M	—
Q4 22	—	$0.09	—	—	$162.6M	—
Q3 22	$0.06	$0.1	+66.7%	—	$168.4M	—
Q2 22	$0.05	$0.14	+180.0%	—	$205.8M	—
Q1 22	$0.7	$0.4	-42.9%	—	$174.6M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	-$5.45	—	—	$596.7M	—
FY24	—	$0.1	—	—	$621.8M	—
FY23	—	-$0.19	—	—	$637M	—
FY22	—	$3.81	—	—	$711.4M

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$289.3M	$421.7M	$613.4M	$571M	$237.8M	$473.7M	$711.4M	$637M	$621.8M	$596.7M
YoY change	+4.8%	+45.8%	+45.5%	-6.92%	-58.3%	+99.2%	+50.2%	-10.5%	-2.37%	-4.04%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	289.3M	421.7M	613.4M	571M	237.8M	473.7M	711.4M	637M	621.8M	596.7M
Cost of revenue	139.5M	131.3M	197.9M	225M	164.2M	139.9M	180.3M	215.6M	230.6M	278.4M
Gross profit	149.7M	290.4M	415.6M	345.9M	73.6M	333.8M	531.1M	421.4M	391.2M	318.4M
Gross margin	51.8%	68.9%	67.7%	60.6%	30.9%	70.5%	74.7%	66.2%	62.9%	53.4%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	33.2M	39M	39.5M	36.5M	25.4M	36.3M	41M	45.8M	49.6M	60.1M
Operating expenses	129.2M	152M	179.7M	240.1M	150.5M	183.6M	213.5M	247.3M	270.4M	325.9M
Operating income	-5.3M	115.2M	201.4M	105.8M	-76.9M	150.2M	317.6M	174.1M	120.8M	-10.8M
Operating margin	-1.83%	27.3%	32.8%	18.5%	-32.3%	31.7%	44.6%	27.3%	19.4%	-1.81%
Non-operating income, net	-633.2M	-65.2M	-24.6M	32.7M	-722.7M	-72.7M	-26.6M	-14.1M	589K	-121.9M
Pretax income	-650.2M	37.3M	151.5M	96M	-853.4M	23.1M	244.9M	106.2M	44.6M	-232.9M
Income tax	-184.7M	69M	48.9M	57.3M	-75.4M	-19.3M	105.9M	112.4M	41.4M	-39.8M
Net income	-465.6M	-31.7M	102.6M	38.7M	-778M	42.5M	139M	-6.3M	3.2M	-193.1M
Net margin	-160.9%	-7.52%	16.7%	6.78%	-327.1%	8.97%	19.5%	-0.99%	0.52%	-32.4%
EBITDA	130.9M	200.9M	398.1M	315.3M	83.6M	286.3M	497.4M	383.6M	343.7M	255.9M
EPS	-14.5	-0.8	2.6	1	-21.2	1.16	3.81	-0.19	0.1	-5.45
Diluted EPS	-14.5	-0.8	2.6	1	-21.2	1.15	3.76	-0.19	0.1	-5.45

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	179.9M	154.9M	157.6M	165.6M	151.4M	147.3M	170.5M	152.5M	149.3M	129.9M	172.1M	187.2M
Cost of revenue	55M	52.6M	56.1M	55.5M	55.6M	63.4M	72.2M	68.6M	65M	72.5M	69.9M	62.3M
Gross profit	124.9M	102.3M	101.4M	110.1M	95.8M	83.9M	98.3M	83.8M	84.3M	57.4M	102.2M	124.8M
Gross margin	69.4%	66%	64.4%	66.5%	63.3%	57%	57.7%	55%	56.5%	44.2%	59.4%	66.7%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	10.2M	13M	12.9M	16.9M	6.3M	12M	11.6M	15M	13.6M	19.9M	34.8M	9.5M
Operating expenses	63.4M	64.6M	65.9M	69.6M	56.3M	77.1M	85.9M	78.5M	86.3M	80.7M	106.3M	64.9M
Operating income	61.5M	37.7M	35.5M	40.5M	39.5M	6.8M	12.4M	5.4M	-4.6M	-24M	-5.1M	58.5M
Operating margin	34.2%	24.3%	22.5%	24.5%	26.1%	4.64%	7.29%	3.52%	-3.1%	-18.4%	-2.98%	31.3%
Non-operating income, net	-1.4M	-7M	-451K	4.2M	1.6M	-6.3M	-5.4M	10.7M	-1.3M	-125.8M	-91.2M	10.8M
Pretax income	46.9M	13.2M	17.3M	27.3M	21.9M	-21.9M	-15.7M	-8.1M	-31.2M	-177.8M	-145.8M	45.3M
Income tax	40.3M	5.5M	17.4M	-9.1M	20.8M	12.3M	3.6M	4.6M	-11.3M	-36.7M	-26.6M	20.5M
Net income	6.5M	7.7M	-78K	36.4M	1.1M	-34.2M	-19.3M	-12.7M	-19.9M	-141.1M	-119.2M	24.9M
Net margin	3.63%	4.98%	-0.05%	22%	0.75%	-23.2%	-11.3%	-8.36%	-13.4%	-108.6%	-69.3%	13.3%
EBITDA	115.5M	84.9M	89M	94.2M	92.6M	69.2M	81.2M	70.5M	57.3M	46.9M	55M	121.3M
EPS	0.2	—	-0	1.16	0.04	—	-0.54	-0.36	-0.57	—	-3.38	0.7
Diluted EPS	0.2	—	-0	1.16	0.04	—	-0.54	-0.36	-0.57	—	-3.38	0.7

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	—	—	848.3M	485.7M	132.1M	278.9M	360.8M	188.8M	231.7M	—	341.4M
Enterprise value	—	—	1.2B	1.1B	844.9M	974.2M	823.5M	681.8M	890.5M	—	836.4M
Shares outstanding	32.1M	39.7M	39.1M	37.6M	36.7M	36.7M	36.4M	33.5M	32M	35.4M	35.4M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	—	8.27	12.6	—	6.57	2.6	—	72	—	41.8
P/S	—	—	1.38	0.85	0.56	0.59	0.51	0.3	0.37	—	0.54
P/B	—	—	0.82	0.47	0.51	0.92	0.86	0.48	0.56	—	2.63
EV/EBITDA	—	—	2.92	3.43	10.1	3.4	1.66	1.78	2.59	—	3.73
EV/Sales	—	—	1.9	1.9	3.55	2.06	1.16	1.07	1.43	—	1.31
Earnings yield	—	—	12.1%	7.97%	—	15.2%	38.5%	—	1.39%	—	2.39%
FCF yield	—	—	-13.6%	-57.5%	-11.5%	34%	53%	4.83%	2.19%	—	53.8%
PEG	—	—	—	—	—	—	—	—	—	—	-0.14

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	51.8%	68.9%	67.7%	60.6%	30.9%	70.5%	74.7%	66.2%	62.9%	53.4%	66.7%
Operating margin	-1.83%	27.3%	32.8%	18.5%	-32.3%	31.7%	44.6%	27.3%	19.4%	-1.81%	37.6%
Net margin	-160.9%	-7.52%	16.7%	6.78%	-327.1%	8.97%	19.5%	-0.99%	0.52%	-32.4%	-40%
ROE	-54.2%	-3.39%	9.97%	3.75%	-302.7%	14.1%	33.3%	-1.59%	0.78%	-84.4%	-97.9%
ROA	-34%	-2.22%	6.12%	1.89%	-64.7%	3.57%	10.4%	-0.47%	0.19%	-12.2%	-6.96%
ROIC	-0.51%	0%	10.1%	2.62%	-7.92%	15.1%	20.5%	0%	0.81%	-1.24%	3.95%
Return on tangible assets	-40%	-2.59%	6.97%	2.1%	-64.7%	3.57%	10.4%	-0.47%	0.19%	-12.2%	-16.3%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	0.85	0.93	1.2	1.46	1.18	0.45	0.7	0.43	0.66	0.6	0.48
Quick ratio	0.8	0.88	1.2	1.46	1.18	0.45	0.61	0.32	0.52	0.44	0.39
Debt / equity	0.23	0.27	0.39	0.68	3.01	2.39	1.41	1.4	1.84	3.17	4.71
Debt / assets	0.14	0.18	0.24	0.34	0.64	0.61	0.44	0.42	0.46	0.46	0.4
Net debt / EBITDA	1.31	1.09	0.79	1.89	8.52	2.43	0.93	1.29	1.92	2.51	1.77
Interest coverage	-75.9	4.26	7.26	3.41	-15.9	1.46	6.7	3.12	1.66	-1.76	-1.92
Effective tax rate	0%	100%	32.3%	59.7%	0%	0%	43.2%	100%	92.8%	0%	0%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	9.02	10.6	15.7	15.2	6.48	12.9	19.5	19	19.4	16.8	18.1
EPS (basic)	-14.5	-0.8	2.6	1	-21.2	1.16	3.81	-0.19	0.1	-5.45	-5.45
EPS (diluted)	-14.5	-0.8	2.6	1	-21.2	1.15	3.76	-0.19	0.1	-5.45	-7.22
Book value per share	26.8	23.6	26.3	27.4	7	8.23	11.5	11.8	12.9	6.46	3.74
FCF per share	-1.69	-2.42	-2.96	-7.42	-0.41	2.59	5.24	0.27	0.16	0.93	5.84
Cash per share	0.78	0.94	2.14	2.74	1.69	0.71	3.48	1.86	3.23	2.34	3.58
Capex per share	4.4	7.2	10.2	12.1	2.62	4.08	6.49	6.54	5.92	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	48.8%	67.7%	65.3%	80.1%	40.5%	31.6%	33.3%	34.4%	30.5%	—	—
Capex / operating cash flow	-26.4%	229.6%	153.3%	217.7%	-15%	90.8%	62.3%	89.7%	74.1%	—	—
Payout ratio	—	—	—	—	—	—	—	—	—	—	0%
Dividend yield	—	—	—	—	—	—	—	—	—	—	8.14%

Yield

8.14%

trailing twelve months

Frequency

Quarterly

Last dividend

$1.9626

ex-dividend Jun 27, 2000

Payout ratio

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Jun 27, 2000	$1.9626
May 18, 2000	$4.70
Feb 16, 2000	$4.70
Nov 18, 1999	$4.70
Aug 19, 1999	$4.70
May 20, 1999	$4.70
Feb 18, 1999	$4.70
Nov 19, 1998	$4.70

Split history

Date

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$179.9M	$154.9M	$157.6M	$165.6M	$151.4M	$147.3M	$170.5M	$152.5M	$149.3M	$129.9M	$172.1M	$187.2M
YoY change	+6.84%	-4.73%	+9.28%	+4.88%	-15.9%	-4.94%	+8.22%	-7.93%	-1.4%	-11.8%	+0.89%	+22.8%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	25.2M	37.4M	83.8M	103M	62M	26.1M	126.9M	62.1M	103.4M	82.9M
Receivables	39.2M	37.8M	16.3M	24.9M	3.8M	9.2M	5.6M	5.8M	14.1M	15.2M
Inventory	7.8M	7.1M	—	—	—	—	20.2M	29M	43.1M	55.4M
Total current assets	131.7M	145.2M	202.5M	290.7M	133.9M	101.8M	168.6M	112.5M	211.3M	213.5M
Property, plant & equipment	-2.2B	-2.2B	-2.4B	-2.6B	-3.3B	-3.4B	-3.6B	-3.8B	-4B	-4.4B
Goodwill & intangibles	205.2M	205.2M	205.2M	205.2M	0	—	—	—	—	—
Total assets	1.4B	1.4B	1.7B	2B	1.2B	1.2B	1.3B	1.3B	1.7B	1.6B
Accounts payable	80.1M	95.4M	123.9M	151.7M	70.5M	91.1M	114.3M	122.7M	177.4M	194.6M
Short-term debt	—	—	—	—	—	134M	—	35.6M	40.1M	38.3M
Total current liabilities	155M	157M	169.4M	199.3M	113.6M	228M	241.6M	260.3M	322.4M	355.7M
Long-term debt	197.1M	256.5M	399.4M	700.5M	774.8M	587.4M	589.6M	519.5M	722.1M	686.5M
Total liabilities	508.9M	493.3M	646.8M	1B	944.7M	887M	918M	929.9M	1.2B	1.4B
Shareholders' equity	859M	936.3M	1B	1B	257M	302.1M	417.6M	396.4M	413.6M	228.7M
Total debt	197.1M	256.5M	399.4M	700.5M	774.8M	721.4M	589.6M	555.1M	762.2M	724.8M
Net debt	171.9M	244.2M	348.4M	692.2M	761.1M	695.3M	462.7M	493M	658.8M	641.9M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	123.2M	62.1M	126.6M	115.3M	277.6M	103.4M	76.6M	61M	49.1M	82.9M	124.8M	126.7M
Receivables	19.2M	5.8M	10.8M	5.4M	14.7M	14.1M	29.2M	38M	32.9M	15.2M	79.6M	32.8M
Inventory	25.7M	29M	25.9M	30.6M	33M	43.1M	38M	41M	37.5M	55.4M	46.7M	48.4M
Total current assets	181.3M	112.5M	166.9M	185.3M	345.9M	211.3M	174M	202.5M	166.7M	213.5M	288.9M	239M
Property, plant & equipment	-3.7B	-3.8B	-3.8B	-3.9B	-3.9B	-4B	-4.1B	-4.1B	-4.2B	-4.4B	-4.4B	-4.5B
Goodwill & intangibles	—	—	—	—	—	—	—	—	—	—	—	—
Total assets	1.4B	1.3B	1.4B	1.4B	1.5B	1.7B	1.7B	1.7B	1.7B	1.6B	1.6B	1.6B
Accounts payable	176.5M	122.7M	207.4M	194.2M	216.8M	177.4M	330.4M	302.9M	293.6M	194.6M	290.1M	208.6M
Short-term debt	49.1M	35.6M	24.7M	24.7M	24.8M	40.1M	—	—	—	38.3M	47.1M	70.9M
Total current liabilities	279.7M	260.3M	257.7M	245.7M	263.5M	322.4M	345.6M	320.9M	309.4M	355.7M	544.1M	493.3M
Long-term debt	587.4M	519.5M	583.1M	582.1M	718.4M	722.1M	726.3M	772.6M	761.8M	686.5M	574.4M	551.8M
Total liabilities	991.5M	929.9M	1B	958.7M	1.1B	1.2B	1.3B	1.3B	1.3B	1.4B	1.5B	1.4B
Shareholders' equity	394.5M	396.4M	392M	420.9M	420.9M	413.6M	393.8M	389.8M	366M	228.7M	108.9M	132.2M
Total debt	636.5M	555.1M	607.8M	606.8M	743.1M	762.2M	726.3M	772.6M	761.8M	724.8M	621.5M	622.7M
Net debt	513.3M	493M	481.2M	491.5M	465.5M	658.8M	649.7M	711.6M	712.7M	641.9M	496.7M	496M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	-465.6M	-31.7M	102.6M	38.7M	-778M	42.5M	139M	-6.3M	3.2M	-193.1M
Depreciation & amortization	139.5M	131.3M	197.9M	225M	164.2M	139.9M	180.3M	215.6M	230.6M	278.4M
Stock-based compensation	6.3M	9.8M	8.3M	1.4M	1.2M	8.4M	9M	5.7M	9.7M	3.2M
Change in working capital	-14.3M	-31.9M	-21M	-94.5M	36.3M	53.5M	53.5M	-37.6M	27.4M	-4.2M
Operating cash flow	-534.5M	124.3M	261.2M	210M	-642M	165.1M	380M	243.9M	256.3M	313.2M
Capital expenditure	-141.2M	-285.5M	-400.3M	-457.1M	-96.3M	-149.9M	-236.6M	-218.9M	-189.9M	—
Investing cash flow	-605.9M	-243.8M	-382.6M	-464.9M	-144.9M	-105.3M	-210.3M	-226.6M	-352.5M	0
Dividends paid	—	—	—	—	—	—	—	—	—	—
Share repurchases	0	-17.9M	-12.7M	-37.6M	0	0	-27.3M	-17.3M	-15.3M	-3.5M
Financing cash flow	407.1M	39.1M	126.9M	245.1M	70.5M	-124.9M	-114.6M	-69.6M	156.5M	-59.9M
Net change in cash	-733.3M	-80.4M	5.5M	-9.9M	-716.4M	-65.1M	55.1M	-52.3M	60.3M	253.4M
Free cash flow	-54.1M	-95.8M	-115.8M	-279.4M	-15.2M	95M	191.1M	9.1M	5.1M	32.9M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	6.5M	7.7M	-78K	36.4M	1.1M	-34.2M	-19.3M	-12.7M	-19.9M	-141.1M	-119.2M	24.9M
Depreciation & amortization	55M	52.6M	56.1M	55.5M	55.6M	63.4M	72.2M	68.6M	65M	72.5M	69.9M	62.3M
Stock-based compensation	1.9M	2M	3.4M	6.2M	-3.1M	3.3M	-517K	546K	143K	3M	19.7M	-3.8M
Change in working capital	-4.6M	-13.2M	-21.5M	31.8M	5.4M	1.7M	16.5M	-11.2M	2.4M	7.4M	147.1M	-111.7M
Operating cash flow	74.4M	68.7M	54.9M	81.3M	67.8M	42.3M	66.8M	34.7M	48.1M	157.2M	172.7M	57.4M
Capital expenditure	-43.1M	-39.2M	-55.3M	-77.8M	-55.5M	-20.3M	-67.5M	—	—	—	—	—
Investing cash flow	-63.2M	-35.8M	-38.8M	-91.8M	-52.3M	-20.3M	-67.5M	—	—	—	—	—
Dividends paid	—	—	—	—	—	—	—	—	—	—	—	—
Share repurchases	0	-6.5M	-4.9M	-3.7M	-3.5M	-3.2M	-2.4M	-1.1M	0	0	0	0
Financing cash flow	46.1M	-81.6M	42.4M	-8.8M	131.1M	-8.1M	-31.2M	36.2M	-2.3M	-62.6M	-137.5M	-3.9M
Net change in cash	57.3M	-48.8M	58.5M	-19.4M	146.5M	13.9M	-31.9M	70.9M	45.8M	94.6M	35.2M	53.5M
Free cash flow	27.3M	31.3M	5.5M	-4.6M	23.2M	-38.1M	5.7M	-51.8M	-16M	95M	131.2M	-3.6M

Gran Tierra Energy Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Split history

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement