Gran Tierra Energy

Gran Tierra Energy is seeking the consent of holders of its 9.75% senior secured notes (due 2031) to amendments that would enable a previously announced sale of assets to Établissements Maurel et Prom. The changes would allow the buyer to assume the obligations under the notes, release certain collateral and partially modify accounting and reporting requirements, while the notes’ interest rate and maturity would remain unchanged. The company is offering consenting creditors a fee of $2.50 per $1,000 principal, payable upon reaching at least 50% consent and closing of the sale; the deadline to consent is September 22, 2026 (17:00 New York time). » More on de.investing.com

Gran Tierra Energy reported Q2 2026 net income of $25 million versus a $119 million loss in the prior quarter, with adjusted EBITDA of $85 million, funds flow of $60 million and free cash flow of about $6 million. Production averaged roughly 41,500 bpd, down from prior periods mainly due to Canadian asset sales and temporary artificial-lift failures. The company repurchased $56 million face value of senior notes, completed a $123 million Suroriente capital carry, sold a Lodgepole interest and removed related retirement obligations. Management is progressing Ecuador field development approvals, targeting Canadian Dawson Clearwater and Mount Head plays for 2027 drilling and planning gravity surveys and potential wells in Azerbaijan. » More on finance.yahoo.com

Gran Tierra posted a net profit of $25 million in Q2 2026 after a loss of $119 million in the previous quarter, supported by higher commodity prices, lower operating costs and improved margins. Adjusted EBITDA rose to $85 million and operating cash flow to $60 million, while production edged down slightly. The company continued debt reduction, portfolio optimization and investments in Canada, Ecuador and Azerbaijan; the stock climbed sharply to $9.79. » More on de.investing.com