Gran Tierra Energy Inc (A:GTE)

Business Focus: Oil & Gas Exploration and Production

Sector:  Energy Industry:  Oil & Gas Exploration and Production
 
See Regulatory Filings on SEC
Company Contact
Address: 500 CENTRE STREET SE
CALGARY AB T2G 1A6
Tel: 1-403-2653221
Website: https://www.grantierra.com
IR: See website
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Key People
Gary Stephen Guidry
President, Chief Executive Officer, Director
Ryan Paul Ellson
Chief Financial Officer, Executive Vice President - Finance
Sebastien Morin
Chief Operating Officer
James Evans
Vice President - Corporate Services
Phillip Abraham
Vice President - Legal and Business Development
 
Business Overview
Gran Tierra Energy Inc. is an independent international energy company. The Company is focused on international oil and natural gas exploration and production with assets in Colombia and Ecuador. The Company has interests in approximately 22 blocks in Colombia, three blocks in Ecuador, and is the operator of 24 of these blocks. Its assets in Colombia represent approximately 99% of its production with oil reserves and production mainly located in the Middle Magdalena Valley (MMV) and Putumayo Basin. In MMV, the Company's field is the Acordionero field, where it produces approximately 17-degree American Petroleum Institute (API) oil, which represents 52% of total company production. The Putumayo production is approximately 27-degree API for Chaza Block and 18-degree API for Suoriente Block, representing 25% and 14% respectively, of total company production.
Financial Overview
For the fiscal year ended 31 December 2023, Gran Tierra Energy Inc revenues decreased 10% to $637M. Net loss totaled $6.3M vs. income of $139M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net loss reflects Avg. Production Costs per Barrel, Total increase of 6% to $21.14 per barrel, Development Costs increase of 27% to $203.8M, Depletion.
Employees: 351 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $746.35M as of Dec 31, 2023
Annual revenue (TTM): $636.96M as of Dec 31, 2023
EBITDA (TTM): $389.09M as of Dec 31, 2023
Net annual income (TTM): -$6.29M as of Dec 31, 2023
Free cash flow (TTM): $9.11M as of Dec 31, 2023
Net Debt Last Fiscal Year: $493.00M as of Dec 31, 2023
Shares outstanding: 31,472,744 as of Mar 21, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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