Gran Tierra Energy

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

Gran Tierra Energy has announced a binding agreement to sell its oil business in Colombia and Ecuador to Établissements Maurel & Prom for a total of $1.33bn. The buyer will assume virtually all existing debt; Gran Tierra expects a net cash inflow of about $315m and plans a share buyback program. Pro-forma, a net asset value of roughly $12.49 per share is reported. The company aims for a debt-free balance sheet after closing and will refocus on Canadian assets and exploration in Azerbaijan. Additionally, Gran Tierra reported a net profit of $25m for Q2 2026, which supported the share rally. » More on de.investing.com