GRAN TIERRA ENERGY INC. GTE

Energy SIC 1311 - Crude Petroleum & Natural Gas NAICS Mining, Quarrying, and Oil and Gas Extraction › Oil and Gas Extraction derived NYSE

Gran Tierra Energy Inc., together with its subsidiaries ("Gran Tierra", "the Company", "us", "our", or "we"), is a company focused on oil and gas exploration and production, with assets in Colombia, Canada and Ecuador. Our Colombian properties represented 46%, our Canadian properties represented 38%, and our Ecuadorian properties represented 16% of our proved reserves NAR at December 31, 2025 and for the year ended December 31, 2025, 70% (2024 - 93%, 2023 -97%) of our revenue

All dollar ($) amounts referred to in this Annual Report on Form 10-K are United States (U.S.) dollars, unless otherwise indicated.

During the year ended December 31, 2025, we drilled 22 gross wells (13 development, two service and seven exploration), 12 in Colombia (eight net), four in Ecuador and six in Canada (three net), and incurred capital expenditures of $256.3 million, of which $149.1 million were incurred in Colombia, $62.3 million in Ecuador and $44.1 million in Canada, with the remainder comprised of administrative assets incurred by the corporate entity.

Last close 11.73 2026-10-23
Market cap $415.0M 2026-06-30 share count
52-week range 3.09 - 11.94

Valuation FY2025 figures against the last close

P/S0.7x
P/E—
P/FCF1.3x
EV/EBITDA—
Dividend yield—
Diluted EPS-5.45

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • Colombia
  • Canada
  • Ecuador
Revenue by geography, 3 categories over 2 years. The same figures are in the table below. FY2025 Colombia, FY2025: 418.4M (70.1%) 70% Colombia Canada, FY2025: 115.7M (19.4%) 19% Canada Ecuador, FY2025: 62.6M (10.5%) 10% Ecuador FY2024 Colombia, FY2024: 575.5M (92.5%) 93% Canada, FY2024: 19M (3.0%) Ecuador, FY2024: 27.4M (4.4%) 4%
Region FY2025FY2024
Colombia $418.4M $575.5M
Canada $115.7M $19.0M
Ecuador $62.6M $27.4M

As the company reported it, from the “Revenue - Schedule of Disaggregation of Revenue (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $596.7M$621.8M$637.0M$711.4M$473.7M$237.8M$571.0M$613.4M$421.7M—
Cost of revenue $265.8M$220.8M$201.4M$172.6M$147.3M—————
Gross profit $330.9M$401.1M$435.5M$538.8M$326.4M—————
SG&A $60.1M$51.1M$45.8M$41.0M$36.3M$25.4M$36.5M$39.5M$39.0M$33.2M
Total operating expenses $834.9M$582.4M$530.5M$469.5M$450.5M$1.09B$462.8M$464.0M$341.2M$942.8M
Interest expense ————————$13.9M$14.1M
Pre-tax income -$232.9M$44.6M$106.2M$244.9M$23.1M-$853.4M$96.0M$151.5M$37.3M-$650.2M
Income tax $39.8M$41.4M$112.4M$105.9M$19.3M$75.4M$57.3M$48.9M$69.0M$184.7M
Net income -$193.1M$3.2M-$6.3M$139.0M$42.5M-$778.0M$38.7M$102.6M-$31.7M-$465.6M
EPS, basic -5.450.10-0.193.811.16-2.120.100.26-0.08-1.45
EPS, diluted -5.450.10-0.193.761.15-2.120.100.26-0.08-1.45
Shares, diluted (wtd. avg.) 35.4M32.0M33.5M36.9M36.8M367.0M376.5M427.1M396.7M320.9M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $82.9M$103.4M$62.1M$133.4M$31.4M$17.5M$11.1M$54.3M$12.3M$43.3M
Short-term investments —————$48.3M$94.7M$32.7M$25.1M$0
Receivables $32.9M$35.5M$12.4M$10.7M$13.2M$8.0M$36.3M$26.2M$45.4M$45.7M
Inventory $55.4M$43.1M$29.0M$20.2M————$7.1M$7.8M
Total current assets $213.5M$211.3M$112.5M$168.6M$101.8M$133.9M$290.7M$202.5M$145.2M$131.7M
Property, plant and equipment $1.30B$1.42B$1.14B—$995.8M$964.5M$1.58B$1.31B$1.10B$1.07B
Goodwill —————$0$102.6M$102.6M$102.6M$102.6M
Total assets $1.59B$1.65B$1.33B$1.34B$1.19B$1.20B$2.04B$1.68B$1.43B$1.37B
Accounts payable $314.0M$273.1M$187.0M$167.6M$148.7M$100.8M$195.5M$154.7M$126.2M$107.1M
Short-term debt $21.2M$24.8M$0$0$67.0M$0————
Total current liabilities $355.7M$322.4M$260.3M$241.6M$228.0M$113.6M$199.3M$169.4M$157.0M$155.0M
Long-term debt ———$589.6M$587.4M$774.8M$700.5M$399.4M$256.5M$197.1M
Retained earnings -$1.05B-$859.8M-$863.0M-$856.7M-$995.8M-$1.04B-$260.3M-$298.6M-$401.2M-$494.0M
Total equity $228.7M$413.6M$396.4M$417.6M$302.1M$257.0M$1.03B$1.03B$936.3M$859.0M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $313.2M$239.3M$228.0M$427.7M$244.8M$81.1M$177.7M$284.5M$189.6M$93.0M
Depreciation and amortisation $267.9M$223.1M$209.7M$175.8M$135.7M$160.8M$220.8M$197.0M$126.8M$130.2M
Stock-based compensation $3.2M$9.7M$5.7M$9.0M$8.4M$1.2M$1.4M$8.3M$9.8M$6.3M
Investing cash flow -$272.5M-$352.5M-$226.6M-$210.3M-$105.3M-$144.9M-$464.9M-$382.6M-$243.8M-$605.9M
Financing cash flow -$59.8M$156.9M-$69.6M-$113.3M-$124.8M$70.5M$245.1M$128.4M$39.1M$407.1M
Buybacks $3.5M$15.3M$17.3M$27.3M$0$0$37.6M$12.7M$17.9M$0

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001273441-26-000010.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -1B -500M 0 500M 1B Net income, FY2016: -465.6M Revenue, FY2017: 421.7M Net income, FY2017: -31.7M Revenue, FY2018: 613.4M Net income, FY2018: 102.6M Revenue, FY2019: 571M Net income, FY2019: 38.7M Revenue, FY2020: 237.8M Net income, FY2020: -778M Revenue, FY2021: 473.7M Gross profit, FY2021: 326.4M Net income, FY2021: 42.5M Revenue, FY2022: 711.4M Gross profit, FY2022: 538.8M Net income, FY2022: 139M Revenue, FY2023: 637M Gross profit, FY2023: 435.5M Net income, FY2023: -6.3M Revenue, FY2024: 621.8M Gross profit, FY2024: 401.1M Net income, FY2024: 3.2M Revenue, FY2025: 596.7M Gross profit, FY2025: 330.9M Net income, FY2025: -193.1M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue — $421.7M $613.4M $571.0M $237.8M $473.7M $711.4M $637.0M $621.8M $596.7M
Gross profit — — — — — $326.4M $538.8M $435.5M $401.1M $330.9M
Net income -$465.6M -$31.7M $102.6M $38.7M -$778.0M $42.5M $139.0M -$6.3M $3.2M -$193.1M

Recent filings and events

  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Material agreement signed Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Material agreement signed Item 1.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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