Gran Tierra Energy Stock Earnings Reports

Gran Tierra reported Q3 2025 average production of 42,685 BOE/d (≈30% YoY growth) driven by its Canadian acquisition and Ecuador exploration. Production was temporarily deferred by external events (landslides and pipeline outages in Ecuador and repairs at Moqueta), but pipelines were restored by October 10 and current production was recovering to ~45,200 BOE/d with an expected exit rate of 47,000–50,000 BOE/d. The company closed a $150 million initial prepayment facility (SOFR + 3.8%) backed by Ecuador crude with potential additional $50 million tied to the Ecuador acquisition and a 4-year amortization; it also increased and extended its Canadian asset facility to $75 million (maturity Oct 2027). Q3 operating cash flow was $48 million (up 39% QoQ); cash at quarter end was $49 million and net debt about $755 million. Capital investment in Q3 was $57 million focused on Colombia, Ecuador and Canada; exploration commitments in Ecuador are complete, enabling a shift in 2026 toward lower capex, free cash flow generation and deleveraging. Operational highlights include Conejo A-1 and A-2 discoveries in Ecuador (A-1 flowed >1,300 bbl/d on test; A-2 encountered 41 ft net Hollin pay), a new producing well at Chanangue (~600 bbl/d), strong Cohembi waterflood results with northern area production up ~135% (northern area to ~6,700 bbl/d; total Cohembi >9,000 bbl/d), and successful Lower Montney wells in Canada. Management emphasized these Q3 deferrals represent deferred barrels, not permanent losses, and reiterated focus on operational optimization, cash generation and portfolio/financial flexibility heading into 2026.