olivLaw · US equity research
Gran Tierra Energy Inc. GTE
Crude Petroleum & Natural Gas · SIC 1311 · Vertical: Crude Petroleum & Natural Gas (SIC 1311)
Gran Tierra Energy is an independent oil and gas exploration and production company with assets in Colombia, Canada and Ecuador, with most of its revenue still coming from Colombia. Its shift from declining output toward a broader portfolio in Canada and Ecuador, during a period of higher oil prices, makes it a relevant case for readers watching the balance between production, debt and investment.
At the close of 04 Nov 2026, Gran Tierra Energy Inc. (GTE) stock was 10.05 USD (−2.05% on the day), with market capitalisation 355.6 m USD, beta 0.49, 52-week range 3.76–11.73 USD. Latest reported quarter (Q2 2026): revenue of 187.2 m USD (+25.3% YoY), net income of 24.9 m USD, diluted EPS 0.70 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 38.0
- weak (30–45)
- Bollinger (20, 2)
- 9.95 – 12.01
- in the lower half of the band · %B 0.05 · band width 18.7%
- SMA 50 / 200
- 10.53 / 8.34
- mixed trend
- MACD (12, 26, 9)
- 0.07 / 0.25
- MACD below signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | −4.1% | −1.1% | −3.0 pp | — |
| 3 months | +6.5% | −0.5% | +6.9 pp | — |
| 6 months | +15.0% | +4.4% | +10.6 pp | — |
| Year to date | +137.0% | +12.3% | +124.7 pp | — |
| 1 year | +159.7% | +13.5% | +146.1 pp | +19.9% |
| 3 years | +44.8% | +76.4% | −31.6 pp | +8.7% |
| 5 years | +15.5% | +63.7% | −48.2 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q2 2026 · 30 Jun 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 151.4 m | 147.3 m | 168.2 m | 149.4 m | 149.3 m | 129.9 m | 172.1 m | 187.2 m |
| Interest expense | 19.9 m | 23.8 m | 23.2 m | 24.4 m | 25.4 m | 28.3 m | 49.9 m | 24.5 m |
| Pre-tax income | 21.9 m | -21.9 m | -15.7 m | -8.1 m | -31.2 m | -177.8 m | -145.8 m | 45.3 m |
| Income tax | 20.8 m | 12.3 m | 3.6 m | 4.6 m | -11.3 m | -36.7 m | -26.6 m | 20.5 m |
| Net income | 1.1 m | -34.2 m | -19.3 m | -12.7 m | -20.0 m | -141.1 m | -119.2 m | 24.9 m |
| Diluted EPS | 0.04 | -1.00 ≈ | -0.54 | -0.36 | -0.57 | -3.99 ≈ | -3.38 | 0.70 |
| Operating cash flow | 78.7 m ≈ | 26.6 m | 73.2 m | 34.7 m ≈ | 48.1 m ≈ | 157.2 m | 172.7 m | 57.4 m ≈ |
| Share repurchases | 3.5 m ≈ | 3.2 m | 2.4 m | 1.1 m ≈ | 0 ≈ | 0 | 0 | 0 ≈ |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Fiscal years
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 613.4 m | 571.0 m | 237.8 m | 473.7 m | 711.4 m | 637.0 m | 621.8 m | 596.7 m |
| Revenue YoY | +45.5% | −6.9% | −58.3% | +99.2% | +50.2% | −10.5% | −2.4% | −4.0% |
| Net income | 102.6 m | 38.7 m | -778.0 m | 42.5 m | 139.0 m | -6.3 m | 3.2 m | -193.1 m |
| Net income YoY | unavailable | −62.3% | −2,110.8% | unavailable | +227.3% | −104.5% | unavailable | −6,104.9% |
| Diluted EPS | 0.26 | 0.10 | -2.12 | 1.15 | 3.76 | -0.19 | 0.10 | -5.45 |
| Diluted EPS YoY | unavailable | −61.5% | −2,220.0% | unavailable | +227.0% | −105.1% | unavailable | −5,550.0% |
| net % | 16.7% | 6.8% | -327.1% | 9.0% | 19.5% | -1.0% | 0.5% | -32.4% |
| Free cash flow | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 82.9 m USD
- Financial debt
- 696.0 m USD
- Net debt
- 613.1 m USD
- Equity
- 228.7 m USD
- Total assets
- 1.6 bn USD
- Debt / equity
- 3.04x
- Current ratio
- 0.60x
- ROE
- -60.1%
- ROA
- -11.9%
- FCF margin
- unavailable
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 237.8 m | 473.7 m | 711.4 m | 637.0 m | 621.8 m | 596.7 m | SEC (XBRL)· 04 Mar 2026verified |
| Cost of revenue | — | 147.3 m | 172.6 m | 201.4 m | 220.8 m | 265.8 m | SEC (XBRL)· 04 Mar 2026verified |
| Gross profit | — | 326.4 m ≈ | 538.8 m ≈ | 435.5 m ≈ | 401.1 m ≈ | 330.9 m ≈ | SEC (XBRL)· 04 Mar 2026derived |
| Depreciation & amortisation | 160.8 m | 135.7 m | 175.8 m | 209.7 m | 223.1 m | 267.9 m | SEC (XBRL)· 04 Mar 2026verified |
| Interest expense | 54.1 m | 54.4 m | 46.5 m | 55.8 m | 80.5 m | 101.3 m | SEC (XBRL)· 04 Mar 2026verified |
| Pre-tax income | -853.4 m | 23.1 m | 244.9 m | 106.2 m | 44.6 m | -232.9 m | SEC (XBRL)· 04 Mar 2026verified |
| Income tax | -75.4 m | -19.3 m | 105.9 m | 112.4 m | 41.4 m | -39.8 m | SEC (XBRL)· 04 Mar 2026verified |
| Net income | -778.0 m | 42.5 m | 139.0 m | -6.3 m | 3.2 m | -193.1 m | SEC (XBRL)· 04 Mar 2026verified |
| Diluted EPS | -2.12 | 1.15 | 3.76 | -0.19 | 0.10 | -5.45 | SEC (XBRL)· 04 Mar 2026verified |
| Weighted average diluted shares | 367.0 m | 36.8 m | 36.9 m | 33.5 m | 32.0 m | 35.4 m | SEC (XBRL)· 04 Mar 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Revenue − Cost of revenue.
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 13.7 m | 26.1 m | 126.9 m | 62.1 m | 103.4 m | 82.9 m | SEC (XBRL)· 04 Mar 2026verified |
| Receivables | 8.0 m | 13.2 m | 10.7 m | 12.4 m | 35.5 m | 32.9 m | SEC (XBRL)· 04 Mar 2026verified |
| Inventories | — | 14.5 m | 20.2 m | 29.0 m | 43.1 m | 55.4 m | SEC (XBRL)· 04 Mar 2026verified |
| Current assets | 133.9 m | 101.8 m | 168.6 m | 112.5 m | 211.3 m | 213.5 m | SEC (XBRL)· 04 Mar 2026verified |
| Property, plant & equipment, net | 964.5 m | 995.8 m | — | 1.1 bn | 1.4 bn | 1.3 bn | SEC (XBRL)· 04 Mar 2026verified |
| Goodwill | 0 | — | — | — | — | — | SEC (XBRL)· 25 Feb 2021verified |
| Total assets | 1.2 bn | 1.2 bn | 1.3 bn | 1.3 bn | 1.7 bn | 1.6 bn | SEC (XBRL)· 04 Mar 2026verified |
| Accounts payable | 100.8 m | 148.7 m | 167.6 m | 187.0 m | 273.1 m | 314.0 m | SEC (XBRL)· 04 Mar 2026verified |
| Short-term debt | 0 | 67.0 m | 0 | 35.6 m | 24.8 m | 21.2 m | SEC (XBRL)· 04 Mar 2026verified |
| Long-term debt | 774.8 m | 587.4 m | 589.6 m | 493.0 m | 701.8 m | 674.8 m | SEC (XBRL)· 08 May 2026verified |
| Current liabilities | 113.6 m | 228.0 m | 241.6 m | 260.3 m | 322.4 m | 355.7 m | SEC (XBRL)· 04 Mar 2026verified |
| Equity | 257.0 m | 302.1 m | 417.6 m | 396.4 m † | 413.6 m † | 228.7 m † | SEC (XBRL)· 04 Mar 2026verified |
† equity attributable to the parent's shareholders: in these years the issuer no longer reports the total including non-controlling interests.
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 81.1 m | 244.8 m | 427.7 m | 228.0 m | 239.3 m | 313.2 m | SEC (XBRL)· 04 Mar 2026verified |
| Investing cash flow | -144.9 m | -105.3 m | -210.3 m | -226.6 m | -352.5 m | -272.5 m | SEC (XBRL)· 04 Mar 2026verified |
| Financing cash flow | 70.5 m | -124.8 m | -113.3 m | -69.6 m | 156.9 m | -59.8 m | SEC (XBRL)· 04 Mar 2026verified |
| Share repurchases | 0 | 0 | 27.3 m | 17.3 m | 15.3 m | 3.5 m | SEC (XBRL)· 04 Mar 2026verified |
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
Risk
Valuation
olivLaw classification
- indicators available: 4 of at least 6
- score weight coverage: 25.0% of at least 60%
- valuation methods computed: 0 of at least 1
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 355.6 m USD
Key indicators
Coverage and freshness
Score by group
25% · Insufficient data
Estimated value range
unavailable — no valuation method could be computed
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
- DCF (discounted cash flow)unavailable · input data missing
- Peers: EV/EBITDAunavailable · input data missing
- Peers: P/Eunavailable · the base of the ratio is not positive
- Dividend discount (DDM)unavailable · the company pays no dividend: a dividend model needs an explicit initiation assumption
no valuation method could be computed
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Insufficient data
Minimum-evidence gate: indicators available: 4 of at least 6; score weight coverage: 25.0% of at least 60%; valuation methods computed: 0 of at least 1
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | -40.0% | 13 (vs peers) | 25% |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | -5.7% | 0 (on a fixed band) | 33% |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | unavailable | unavailable | — |
| Current ratio · Balance sheet | 0.5x | 0 (on a fixed band) | 17% |
| P/E (TTM) · Valuation | unavailable | unavailable | — |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | unavailable | unavailable | — |
| Shareholder yield (distributions) · Returns | 0.0% | 0 (on a fixed band) | 25% |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partial0/100 · 1/3 factors with a value
- Growth· partial0/100 · 1/2 factors with a value
- Quality· partial13/100 · 1/3 factors with a value
- Returns· partial0/100 · 1/2 factors with a value
- Valuation· partialunavailable · 0/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
GRAN TIERRA ENERGY INC. (GTE). Latest full fiscal year: 2025; data up to 2026-06-30.
Figures computed from the financial statements: revenue 596.7 m USD in 2025; YoY growth -4.0%; net margin -40.0%; ROE -97.9%.
Valuation cannot be computed from the available data.
Insufficient data for a verdict (indicators available: 4 of at least 6; score weight coverage: 25.0% of at least 60%; valuation methods computed: 0 of at least 1).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
No signal among the computed factors. That is not an absence of risk: factors without data were not assessed, and business risks (margins, inventory, demand) are in the source-based analysis.
What contradicts it
- Net margin: -40.0%
- Revenue CAGR 3Y: -5.7%
- Current ratio: 0.5x
- Shareholder yield (distributions): 0.0%
Not assessed (insufficient data or a ratio without meaning): ROIC, FCF conversion, EPS CAGR 3Y, Net debt / EBITDA, Interest coverage, P/E (TTM), EV/EBITDA, FCF yield, Payout ratio (FCF).
Versus the vertical median
Crude Petroleum & Natural Gas (SIC 1311) · same industry (4-digit SIC) · compared with 39 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| TTETotalEnergies SE | 199.6 bn | 15.7 | 11.3% | 6.5% | −6.2% | +38% / +33% |
| PBRPetrobras - Petroleo Brasileiro SA | 145.9 bn | 33.8 | 10.9% | 8.2% | −10.7% | +56% / +28% |
| EOGEog Resources, Inc. | 77.1 bn | 11.4 | 22.5% | 25.4% | −4.5% | +36% / +19% |
| OXYOccidental Petroleum Corporation | 57.3 bn | 8.6 | 18.9% | 33.7% | −1.9% | +37% / −3% |
| FANGDiamondback Energy, Inc. | 51.1 bn | 25.0 | 5.3% | 11.0% | +35.8% | +20% / +18% |
| DVNDevon Energy Corp | 48.5 bn | 10.5 | 11.5% | 16.7% | +7.8% | +19% / −2% |
| EQTEqt Corporation | 32.9 bn | 12.5 | 10.9% | 28.4% | +63.9% | −14% / +31% |
| EXEExpand Energy Corporation | 20.2 bn | 7.6 | 14.6% | 19.8% | +186.3% | −28% / +9% |
| PRPermian Resources Corporation | 18.8 bn | 14.9 | 11.5% | 21.5% | +1.3% | +55% / +71% |
| OVVOvintiv Inc. | 16.8 bn | 12.7 | 12.1% | 12.8% | −2.7% | +53% / +41% |
| APAApa Corporation | 15.6 bn | 9.4 | 25.9% | — | unavailable | +78% / +24% |
| MTDRMatador Resources Company | 6.2 bn | 8.6 | 12.8% | 19.9% | +5.5% | +19% / −13% |
| CRCCalifornia Resources Corp | 4.3 bn | — | -15.5% | -18.1% | +14.7% | +1% / −6% |
| PARRPar Pacific Holdings, Inc. | 3.5 bn | 3.6 | 50.9% | 9.8% | −6.4% | +53% / +103% |
| TALOTalos Energy Inc. | 2.6 bn | — | -18.1% | -18.4% | −9.8% | +36% / +12% |
| NOGNorthern Oil And Gas, Inc. | 2.4 bn | — | -22.1% | -25.4% | +11.2% | −1% / −40% |
| MNRMach Natural Resources LP | 1.7 bn | 19.1 | — | 7.4% | +21.2% | −15% / −43% |
| DMLPDorchester Minerals, L.P. | 1.4 bn | 15.6 | — | 45.5% | −5.4% | +27% / −5% |
| REPXRiley Exploration Permian, Inc. | 948.6 m | 9.2 | 16.8% | 17.3% | −4.4% | +57% / +74% |
| DECDiversified Energy Company | 942.7 m | 16.7 | 11.0% | 4.9% | +141.5% | −11% / +1,434% |
| EGYVaalco Energy Inc | 568.0 m | — | -24.4% | -31.1% | −25.0% | +51% / +16% |
| GPRKGeoPark LTD | 487.6 m | 9.9 | 22.1% | 10.1% | −25.5% | +16% / +4% |
| SDSandridge Energy, Inc. | 468.3 m | 5.7 | 16.2% | 46.1% | +24.8% | −11% / −9% |
| KRPKimbell Royalty Partners, LP | 415.5 m | 4.1 | — | 29.7% | +7.9% | +24% / +1% |
| GTEGran Tierra Energy Inc. | 355.6 m | — | -97.9% | -40.0% | −4.0% | +160% / +45% |
1- and 3-year price returns: for GTE from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 3 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 5 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
Gran Tierra Energy is an independent oil and gas exploration and production company with assets in Colombia, Canada and Ecuador, with most of its revenue still coming from Colombia. Its shift from declining output toward a broader portfolio in Canada and Ecuador, during a period of higher oil prices, makes it a relevant case for readers watching the balance between production, debt and investment.12
SWOT
Strengths
- Diversified portfolio across three countries, with a main asset base in Colombia and growth in Ecuador and Canada.
- Experience in secondary recovery through water injection, applicable in both Colombia and Canadian plays.
- Improved cash flow and debt-to-EBITDA ratio in 2026, supported by higher oil prices.
Weaknesses
- High dependence on Colombian output, which has been affected by transport disruptions and border closure.
- Net losses in 2025, including a significant non-cash asset impairment.
- Lower output in the second quarter of 2026 after asset sales and technical problems at fields.
Opportunities
- Development of resources in Dawson Clearwater and Mount Head, where the company holds a 100% working interest.
- Output growth in Ecuador as fields move into the development phase.
- The Tisquirama block in Colombia, which could add production and growth potential.
Threats
- Oil price volatility, which can quickly reduce revenue and cash flow.
- Colombian fiscal rules, including the temporary excise tax on first sale of crude, whose refund remains uncertain.
- Limited water access and licence conditions in Canada, which could slow development.
Risks
- Oil and gas price volatilityhigh
Prices are influenced by demand, supply, geopolitics and other factors outside the company's control. Prolonged declines could make some projects unprofitable.
- Reserve estimatesmedium
Reserves are subjective estimates, and actual results may differ significantly. Revisions could reduce revenue and lead to impairment.
- Land tenure and royalties in Canadamedium
The Government of Alberta can change royalties or lease renewal conditions, and failure to drill within lease terms can lead to loss of land.
- Transport disruptions and border restrictionshigh
Closure of the Colombia-Ecuador border has led to more expensive transport routes, reducing the realized price on Putumayo production.
- Colombian taxes and regulationmedium
The temporary tax on first sales of Colombian crude and the conditions for refunding excess collections create tax uncertainty.
Investment thesis
What would need to be true (bull case)
- Higher oil prices in 2026 and improving cash flow could allow debt reduction and funding of resource development in Canada and Ecuador.
- If the Dawson Clearwater and Mount Head resources prove commercial, the company could add a growth source with low drilling costs.
- Completing the Suroriente commitments and Ecuadorian approvals could improve profitability and reduce execution risk.
What would break the thesis
- Dependence on oil prices and on Colombia leaves the company exposed to market shocks and transport interruptions.
- Output fell after asset sales and technical problems, and portfolio reshaping could take longer than expected.
- Significant debt and the 2025 losses limit financial flexibility if prices decline.
What to watch
- Output trend after Canadian asset sales and Colombian production recoveryQ3 2026
- Reopening of Colombia-Ecuador border traffic and transport costs2026
- Drilling programme in Dawson Clearwater and Mount Head2027
- Net debt to EBITDA ratio versus long-term targetnext 10-K
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
Gran Tierra focuses on exploration and production of oil, natural gas and NGLs, headquartered in Calgary, Alberta. According to the 2025 annual report, Colombian properties represented 46% of proved NAR reserves, Canadian properties 38%, and Ecuadorian properties 16%. Revenue in 2025 came 70% from Colombia, 19% from Canada and 11% from Ecuador.1
Average production NAR in 2025 was 38443 BOEPD, up from 27890 BOEPD in 2024, helped by positive exploration drilling in Ecuador and a full year of Canadian operations. The company nonetheless reported a net loss of 193.1 million USD for 2025, including a non-cash impairment of 136.3 million USD.1
In the first half of 2026 the company sold Canadian assets, including the Lodgepole interests, and completed its Suroriente capital carry with Ecopetrol, which improved profitability on that block. In Ecuador operations are moving from exploration to development, after approval of field development plans for five of six fields.23
Segments
Colombia
Colombia remains the main revenue source, at 70% of 2025 revenue. Output fell in the second quarter of 2026, mainly because of export disruptions and the closure of the Ecuador border, which forced Putumayo production onto more expensive transport routes. The Tisquirama block, acquired with a 49% working interest, adds potential for growth.123
Market context
Company revenue is directly tied to Brent oil prices and to quality and transport differentials in South America. The average Brent price in the second quarter of 2026 was 96.68 USD per barrel, 45% above the comparable 2025 period, which supported margins and cash flow. Oil prices remain volatile, and sector companies are exposed to short-term price swings.12
Canadian asset sales and activity in Colombia and Ecuador show a portfolio restructuring toward fields with lower development costs. The company hedged part of its production, keeping exposure to price gains above the fixed levels.3
Trends
- Higher quality and transport discountsheadwind
In Colombia, alternative transport routes raised costs for Putumayo production and reduced the realized price. The impact depends on the reopening of the Ecuador border.
- Ecuador moving to developmenttailwind
Approval of development plans for five of six Ecuadorian fields moves activity from exploration to production. This shift could stabilise output in the second half of the year.
- Exit from mature Canadian assetsmixed
Sales of Lodgepole and Simonette assets reduce output but simplify the portfolio and may reduce decommissioning obligations. The effect on total production depends on resources in Dawson Clearwater and Mount Head.
Competitive position
Gran Tierra competes with other independent oil and gas companies operating in Colombia, Canada and Ecuador for acreage, drilling equipment, personnel and transport contracts. The source texts do not name competitors, so the analysis is limited to general sector factors.
The company's advantage lies in a portfolio spread across three countries and in applying waterflood expertise from Colombian fields to Canadian plays. Low drilling costs in Clearwater could offer an edge over other western Canadian oil plays.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
- Gran Tierra Energy (GTE) Seeks Consent on $479.4M of Notes. Can its Colombia Exit Advance?Yahoo Finance — News · 17 Sept 2026 · EN
The latest news item in our archive is from 17 Sept 2026; the newest SEC filing is from 09 Oct 2026. The press archive comes from the RSS feeds we follow and does not necessarily cover the latest event — the filings alongside do.
SEC filings
- Current report09 Oct 2026Shareholder vote · Other events · Financial statements and exhibits
- Current report (amendment)10 Aug 2026Financial statements and exhibits
- Current report05 Aug 2026Material agreement · Other events · Financial statements and exhibits
- Current report05 Aug 2026Results of operations · Financial statements and exhibits
- Quarterly report05 Aug 2026
- Current report12 May 2026Shareholder vote
- Current report08 May 2026Results of operations · Financial statements and exhibits
- Quarterly report08 May 2026
- Current report17 Mar 2026Regulation FD disclosure · Financial statements and exhibits
- Proxy statement17 Mar 2026
Sources
- [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / Gran Tierra Energy Inc. · 04 Mar 2026
- [2] Form 10-Q, quarter ended 2026-06-30 · SEC / Gran Tierra Energy Inc. · 05 Aug 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / Gran Tierra Energy Inc. · 05 Aug 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.