Gran Tierra Energy Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters.
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| OIL, NATURAL GAS AND NGL SALES (NOTE 15) | $596.7M | $621.8M | $637.0M | $711.4M |
| Operating | $248.7M | $202.3M | $186.9M | $162.4M |
| Transportation | $17.0M | $18.5M | $14.5M | $10.2M |
| Export tax | $3.3M | — | — | — |
| Depletion, depreciation and accretion (Note 8) | $278.4M | $230.6M | $215.6M | $180.3M |
| Asset impairment (Note 9) | $136.3M | — | — | — |
| General and administrative | $60.1M | $49.6M | $45.8M | $41.0M |
| Foreign exchange loss (gain) | $8.7M | ($8.8M) | $11.8M | $2.6M |
| Derivative instruments (gain) loss | ($18.9M) | $2.3M | $0 | $26.6M |
| Interest expense (Note 11) | $101.3M | $80.5M | $55.8M | $46.5M |
| Transaction costs | $0 | $5.9M | — | — |
| Other financial instruments loss | $0 | $0 | $15.0K | — |
| TOTAL EXPENSES | $834.9M | $582.4M | $530.5M | $469.5M |
| OTHER GAIN (LOSS) | $4.2M | $1.5M | ($2.3M) | $2.6M |
| INTEREST INCOME | $1.1M | $3.7M | $2.0M | $443.0K |
| (LOSS) INCOME BEFORE INCOME TAXES | ($232.9M) | $44.6M | $106.2M | $244.9M |
| Current (Note 16) | $15.9M | $69.3M | $55.7M | $80.6M |
| Deferred (Note 16) | ($55.6M) | ($27.9M) | $56.8M | $25.3M |
| Total income tax (recovery) expense | ($39.8M) | $41.4M | $112.4M | $105.9M |
| NET (LOSS) INCOME | ($193.1M) | $3.2M | ($6.3M) | $139.0M |
| Foreign currency translation gain (loss) | $9.3M | — | — | — |
| NET AND COMPREHENSIVE LOSS | ($183.8M) | ($3.5M) | — | — |
| BASIC (in dollars per share) | -$5.45 | $0.10 | -$0.19 | $0.38 |
| DILUTED (in dollars per share) | -$5.45 | $0.10 | -$0.19 | $0.38 |
| WEIGHTED AVERAGE SHARES OUTSTANDING - BASIC (in shares) | 35.4M | 32.0M | 33.5M | 364.5M |
| WEIGHTED AVERAGE SHARES OUTSTANDING - DILUTED (in shares) | 35.4M | 32.0M | 33.5M | 369.3M |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| OIL, NATURAL GAS AND NGL SALES (Note 9) | $187.2M | $172.1M | $149.3M | $152.5M |
| Operating | $51.6M | $66.1M | $68.4M | $55.9M |
| Transportation | $3.9M | $5.3M | $4.3M | $7.6M |
| Other taxes | $1.4M | $1.0M | — | — |
| Depletion, depreciation and accretion (Note 5) | $62.3M | $69.9M | $65.0M | $68.6M |
| General and administrative | $9.5M | $34.8M | $13.6M | $15.0M |
| Severance | $95.0K | $2.5M | — | — |
| Foreign exchange loss | $2.6M | $1.4M | $284.0K | $3.7M |
| Derivative instruments (gain) loss (Note 12) | ($11.9M) | $88.4M | $2.1M | ($14.0M) |
| Interest expense (Note 6) | $24.5M | $49.9M | $25.4M | $24.4M |
| EXPENSES | $144.0M | $319.4M | $181.7M | $161.2M |
| INTEREST INCOME | $503.0K | $401.0K | $197.0K | $251.0K |
| OTHER INCOME (Note 6) | $1.6M | $1.1M | $1.0M | $339.0K |
| INCOME (LOSS) BEFORE INCOME TAXES | $45.3M | ($145.8M) | ($31.2M) | ($8.1M) |
| Current (Note 10) | $9.1M | $5.8M | $4.0M | $2.2M |
| Deferred (Note 10) | $11.4M | ($32.4M) | ($15.3M) | $2.5M |
| INCOME TAX EXPENSE (RECOVERY) | $20.5M | ($26.6M) | ($11.3M) | $4.6M |
| NET INCOME (LOSS) | $24.9M | ($119.2M) | ($19.9M) | ($12.7M) |
| Foreign currency translation adjustment | ($1.9M) | ($1.1M) | ($4.1M) | $9.6M |
| COMPREHENSIVE INCOME (LOSS) | $23.0M | ($120.3M) | ($24.1M) | ($3.2M) |
| BASIC (in dollars per share) | $0.70 | -$3.38 | -$0.57 | -$0.36 |
| DILUTED (in dollars per share) | $0.70 | -$3.38 | -$0.57 | -$0.36 |
| WEIGHTED AVERAGE SHARES OUTSTANDING - BASIC (in shares) | 35.4M | 35.3M | 35.3M | 35.3M |
| WEIGHTED AVERAGE SHARES OUTSTANDING - DILUTED (in shares) | 35.4M | 35.3M | 35.3M | 35.3M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $82.9M | $103.4M | $62.1M | $126.9M |
| Accounts receivable (Note 6) | $32.9M | $35.5M | $12.4M | $10.7M |
| Inventory (Note 7) | $55.4M | $43.1M | $29.0M | — |
| Taxes receivable (Note 5) | $27.1M | $18.1M | — | $54.0K |
| Derivatives (Note 18) | $10.1M | — | — | — |
| Other current assets | $5.0M | $11.2M | $8.9M | $29.8M |
| Total Current Assets | $213.5M | $211.3M | $112.5M | $168.6M |
| Proved | $1.2B | $1.3B | $1.1B | $1.0B |
| Unproved | $108.3M | $119.5M | $54.1M | $74.5M |
| Total Oil and Natural Gas Properties | $1.3B | $1.4B | $1.1B | $1.1B |
| Other capital assets | $41.2M | $43.0M | $33.7M | $26.0M |
| Total Property, Plant and Equipment | $1.3B | $1.4B | $1.1B | $1.1B |
| Taxes receivable long-term (Note 5) | $1.9M | $1.6M | $52.1M | $27.8M |
| Deferred tax assets (Note 16) | $56.3M | $11.7M | $10.9M | $23.0M |
| Other long-term assets (Note 18 and 19) | $10.0M | $7.0M | $8.0M | $15.3M |
| Total Other Long-Term Assets | $68.1M | $20.4M | $71.0M | $66.1M |
| Total Assets | $1.6B | $1.7B | $1.3B | $1.3B |
| Accounts payable and accrued liabilities (Note 10, 12 and 14) | $314.0M | $273.1M | $187.0M | $167.6M |
| Current portion of long-term debt (Note 11) | $21.2M | $24.8M | — | $0 |
| Taxes payable (Note 5) | $11.9M | $14.0M | $27.2M | $59.0M |
| Equity compensation award liability (Note 13) | $8.6M | $10.6M | $10.4M | — |
| Total Current Liabilities | $355.7M | $322.4M | $260.3M | $241.6M |
| Long-term debt (Note 11) | $686.5M | $722.1M | $519.5M | — |
| Customer advance (Note 12) | $115.9M | — | — | — |
| Deferred tax liabilities (Note 16) | $53.5M | $64.1M | $57.5M | $28.0K |
| Asset retirement obligation (Note 14) | $118.9M | $105.9M | $73.0M | $63.4M |
| Equity compensation award liabilities (Note 13) | $15.0M | $17.5M | $8.8M | $16.4M |
| Other long-term liabilities (Note 18) | $11.9M | $9.1M | $10.9M | $7.0M |
| Total Long-Term Liabilities | $1.0B | $918.8M | $669.6M | $676.4M |
| Common Stock (Note 13) (35,298,774 and 36,460,141 issued, 35,298,774 and 35,972,193 outstanding shares of Common Stock, par value $0.001 per share, as at December 31, 2025 and December 31, 2024, respectively) | $9939000.00 | $9940000.00 | $9936000.00 | $10272000.00 |
| Additional paid in capital | $1.3B | $1.3B | $1.2B | $1.3B |
| Treasury stock (Note 13) | $0 | ($3.2M) | ($163.0K) | ($27.3M) |
| Accumulated other comprehensive gain (loss) | $2.6M | ($6.7M) | — | — |
| Deficit | ($1.1B) | ($859.8M) | ($863.0M) | ($856.7M) |
| Total Shareholders’ Equity | $228.7M | $413.6M | $396.4M | $417.6M |
| Total Liabilities and Shareholders’ Equity | $1.6B | $1.7B | $1.3B | $1.3B |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Cash and cash equivalents (Note 13) | $126.7M | $124.8M | $49.1M | $61.0M |
| Accounts receivable | $32.8M | $79.6M | $32.9M | $38.0M |
| Inventory | $48.4M | $46.7M | $37.5M | $41.0M |
| Taxes receivable (Note 4) | $15.0M | $23.2M | $31.2M | $29.0M |
| Derivatives (Note 12) | $3.1M | $444.0K | — | — |
| Prepaid expenses | $12.9M | — | — | — |
| Total Current Assets | $239.0M | $288.9M | $166.7M | $202.5M |
| Proved | $1.1B | $1.1B | $1.3B | $1.3B |
| Unproved | $108.8M | $101.0M | $124.5M | $116.0M |
| Total Oil and Gas Properties | $1.2B | $1.2B | $1.4B | $1.4B |
| Other capital assets | $54.4M | $56.7M | $31.1M | $42.5M |
| Total Property, Plant and Equipment | $1.2B | $1.3B | $1.4B | $1.5B |
| Deferred tax assets | $66.6M | $64.1M | $37.6M | $27.7M |
| Taxes receivable long-term (Note 4) | $10.2M | $11.7M | $1.8M | $1.8M |
| Other long-term assets (Note 12 and 13) | $11.3M | $10.3M | $9.3M | $8.8M |
| Total Other Long-Term Assets | $88.2M | $86.1M | $48.7M | $38.2M |
| Total Assets | $1.6B | $1.6B | $1.7B | $1.7B |
| Accounts payable, accrued liabilities and other (Note 6 and 7) | $383.8M | $402.1M | $293.6M | $302.9M |
| Current portion of long-term debt (Note 6 and 12) | $45.7M | $21.4M | $0 | $0 |
| Taxes payable (Note 4) | $15.1M | $12.2M | $9.1M | $10.6M |
| Derivatives (Note 12) | $30.7M | $76.9M | — | — |
| Equity compensation award liability (Note 8) | $18.0M | $31.4M | $6.7M | $7.4M |
| Total Current Liabilities | $493.3M | $544.1M | $309.4M | $320.9M |
| Long-term debt (Note 6 and 12) | $551.8M | $574.4M | $761.8M | $772.6M |
| Customer advance (Note 7) | $201.4M | $230.2M | — | — |
| Deferred tax liabilities | $40.7M | $28.2M | $83.2M | $81.5M |
| Asset retirement obligation | $113.5M | $118.2M | $113.5M | $111.2M |
| Equity compensation award liability (Note 8) | $17.0M | $17.3M | $11.5M | $11.0M |
| Other long-term liabilities (Note 4) | $14.0M | $14.0M | $10.5M | $10.0M |
| Total Long-Term Liabilities | $938.5M | $982.1M | $980.5M | $986.3M |
| Common Stock (35,380,429 and 35,298,774 issued and outstanding shares of Common Stock as at June 30, 2026 and December 31, 2025, respectively, par value $0.001 per share), (Note 8) | $9939000.00 | $9939000.00 | $9939000.00 | $9939000.00 |
| Additional paid-in capital | $1.3B | $1.3B | $1.3B | $1.3B |
| Accumulated other comprehensive (loss) gain | ($389.0K) | $1.5M | ($1.1M) | $3.0M |
| Deficit | ($1.1B) | ($1.2B) | ($911.8M) | ($891.8M) |
| Total Shareholders’ Equity | $132.2M | $108.9M | $366.0M | $389.8M |
| Total Liabilities and Shareholders’ Equity | $1.6B | $1.6B | $1.7B | $1.7B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net (loss) income | ($193.1M) | $3.2M | ($6.3M) | $139.0M |
| Depletion, depreciation and accretion (Note 8) | $278.4M | $230.6M | $215.6M | $180.3M |
| Asset impairment (Note 9) | $136.3M | — | — | — |
| Deferred tax (recovery) expense (Note 16) | ($55.6M) | ($27.9M) | $56.8M | $25.3M |
| Stock-based compensation expense (Note 13) | $3.2M | $9.7M | $5.7M | $9.0M |
| Amortization of debt issuance costs (Note 11) | $16.9M | $12.9M | $5.8M | $3.5M |
| Non-cash lease expenses | $5.8M | $5.9M | $5.0M | $2.8M |
| Non-cash interest expense | $2.0M | — | — | — |
| Lease payments | ($6.0M) | ($5.0M) | ($3.0M) | ($1.7M) |
| Unrealized foreign exchange loss (gain) | $1.0M | ($7.9M) | ($5.1M) | $10.3M |
| Unrealized derivative instruments (gain) loss (Note 18) | ($8.6M) | — | — | — |
| Cash settlement of asset retirement obligation (Note 14) | ($6.4M) | ($1.7M) | ($377.0K) | ($2.6M) |
| Other non-cash (gain) loss | ($2.6M) | $0 | $2.3M | ($2.6M) |
| Net change in assets and liabilities from operating activities (Note 19) | $141.9M | $16.1M | ($48.4M) | $64.3M |
| Net cash provided by operating activities | $313.2M | $239.3M | $228.0M | $427.7M |
| Additions to property, plant and equipment (Note 8 and 19) | ($275.9M) | ($234.2M) | ($218.9M) | ($236.6M) |
| Cash paid for business combinations, net of cash acquired (Note 3) | $0 | ($162.7M) | — | — |
| Proceeds on disposition of property, plant and equipment (Note 8) | $7.9M | — | — | — |
| Cash paid for property acquisitions, net of cash acquired (Note 8) | ($4.5M) | — | — | — |
| Net cash used in investing activities | ($272.5M) | ($352.5M) | ($226.6M) | ($210.3M) |
| Proceeds from issuance of Senior Notes, net of issuance costs | $0 | $221.5M | — | — |
| Purchase of Senior Notes (Note 11) | ($17.0M) | $0 | ($6.8M) | — |
| Senior Notes issuance costs | $0 | $0 | ($13.4M) | — |
| Repayment of Senior Notes (Note 11) | ($24.8M) | $0 | ($60.0M) | ($17.3M) |
| Proceeds from debt, net of issuance costs (Note 11) | $116.5M | $0 | $48.0M | — |
| Repayment of debt (Note 11) | ($119.9M) | ($36.4M) | ($13.6M) | ($67.8M) |
| Lease payments | ($11.2M) | ($13.3M) | ($6.5M) | ($2.2M) |
| Proceeds from exercise of stock options (Note 13) | $51.0K | $373.0K | $8.0K | $1.3M |
| Re-purchase of shares of Common Stock (Note 13) | -3.5M | -15.3M | -17.3M | -27.3M |
| Net cash (used in) provided by financing activities | ($59.8M) | $156.9M | ($69.6M) | ($113.3M) |
| Foreign exchange gain (loss) on cash and cash equivalents and restricted cash and cash equivalents | $387.0K | ($3.4M) | $5.9M | ($2.1M) |
| Net (decrease) increase in cash and cash equivalents and restricted cash and cash equivalents | ($18.7M) | $40.3M | ($62.3M) | $102.0M |
| Cash and cash equivalents and restricted cash and cash equivalents, beginning of year (Note 19) | $111.3M | $71.0M | $133.4M | $31.4M |
| Cash and cash equivalents and restricted cash and cash equivalents, end of year (Note 19) | $92.7M | — | — | — |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net loss | ($94.3M) | ($119.2M) | ($52.0M) | ($32.0M) |
| Depletion, depreciation and accretion (Note 5) | $132.2M | $69.9M | $205.8M | $140.8M |
| Stock-based compensation expense (recovery) | ($21.1M) | ($32.4M) | ($17.6M) | ($2.3M) |
| Stock-based compensation expense (Note 8) | $15.9M | $19.7M | $172.0K | $29.0K |
| Amortization of debt issuance costs (Note 6) | $13.0M | $11.3M | $12.2M | $7.9M |
| Unrealized foreign exchange loss | $2.7M | ($200.0K) | $2.9M | $4.8M |
| (Gain) loss on bond repurchases and exchange (Note 6) | ($728.0K) | ($728.0K) | — | — |
| Unrealized derivative instruments loss (gain) (Note 12) | $31.4M | $77.3M | ($964.0K) | ($10.5M) |
| Cash settlement of asset retirement obligation | ($1.5M) | ($925.0K) | ($4.7M) | ($3.0M) |
| Non-cash lease expenses | $3.0M | $1.5M | $4.6M | $3.5M |
| Non-cash interest expense | $10.6M | $4.5M | — | — |
| Lease payments | ($3.3M) | ($1.7M) | ($4.7M) | ($3.1M) |
| Net change in assets and liabilities from operating activities (Note 13) | $142.2M | $143.7M | $9.9M | $1.7M |
| Net cash provided by operating activities | $230.1M | $172.7M | $156.1M | $107.9M |
| Additions to property, plant and equipment (Note 5 and 13) | ($102.5M) | ($41.5M) | ($218.2M) | ($154.0M) |
| Proceeds on disposition of property, plant and equipment (Note 5) | $57.9M | $48.6M | $7.5M | — |
| Proceeds from assets exchange (Note 5) | $583.0K | — | — | — |
| Net cash used in investing activities | ($44.0M) | $7.1M | ($210.7M) | ($154.0M) |
| Proceeds from long-term debt, net of issuance costs | $0 | — | $48.9M | $44.8M |
| Repayment of long-term debt | $0 | — | ($7.7M) | ($1.9M) |
| Re-purchase of Senior Notes (Note 6) | ($8.1M) | ($8.1M) | — | — |
| Repayment of Senior Notes (Note 6) | ($125.0M) | ($125.0M) | ($1.7M) | ($1.7M) |
| Re-purchase of shares of Common Stock (Note 8) | 0 | 0 | -3.5M | -3.5M |
| Proceeds from exercise of stock options | $748.0K | $433.0K | $40.0K | $22.0K |
| Lease payments | ($8.3M) | ($4.4M) | ($8.5M) | ($7.8M) |
| Net cash (used in) provided by financing activities | ($140.7M) | ($137.1M) | $2.7M | $5.1M |
| Foreign exchange loss on cash, cash equivalents and restricted cash and cash equivalents | ($297.0K) | ($535.0K) | ($1.3M) | ($766.0K) |
| Net increase (decrease) in cash, cash equivalents and restricted cash and cash equivalents | $45.2M | $42.2M | ($53.2M) | ($41.8M) |
| Cash and cash equivalents and restricted cash and cash equivalents, beginning of period (Note 13) | $92.7M | $92.7M | $111.3M | $111.3M |
| Cash and cash equivalents and restricted cash and cash equivalents, end of period (Note 13) | $137.8M | $134.9M | $58.2M | $69.6M |
Gran Tierra Energy Inc score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.