Gran Tierra Estimates Net Debt of Approximately $657 Million for 2025
Although Gran Tierra's results of operations as of and for the year ended December 31, 2025, are not yet final, based upon currently available information, Gran Tierra estimates that as of and for the year ended December 31, 2025: Total company average production was approximately 46,500 BOEPD for the fourth quarter of 2025, and approximately 45,800 BOEPD for the year ended December 31, 2025; Estimated unaudited net debt as at December 31, 2025, was approximately $657 million, comprised of senior notes outstanding of $741 million less cash and cash equivalents of $83 million; Capital expenditures are estimated to be in the range of approximately $250 million to $270 million; Revenue is estimated to be in the range of approximately $590 million to $610 million; Gross profit is estimated to be in the range of approximately $65 million to $75 million; Depletion and accretion expense is estimated to be in the range of approximately $250 million to $270 million; Total operating expenses and total transportation expenses are estimated to be in the range of approximately $250 million to $270 million; Operating netback is estimated to be in the range of approximately $320 million to $340 million; Gran Tierra is expected to record a non-cash impairment charge in the range of approximately $65 million to $85 million, relating to certain of its Canadian long-lived assets, and in the range of approximately $30 million to $50 million, relating to certain of its Colombian long-lives assets; and Adjusted EBITDA for the year ended December 31, 2025, is estimated to be between $270 million to $290 million. The fourth quarter of 2025 financial results were negatively impacted by a large inventory build of approximately 291,000 barrels of oil in Ecuador which were sold in early January for total revenue of approximately $15 million.
Get Free Real-Time Notifications for Any Stock
Analyst Views on GTE
About GTE
About the author
Gran Tierra Energy Reports Over 100% Reserve Replacement for 2025
- Reserve Replacement Achievement: Gran Tierra achieved over 100% reserve replacement in South America for 2025, with PDP and 2P reserves at 258 MMBOE, demonstrating the strength and optionality of its asset base, enhancing future growth potential.
- Significant Net Present Value: As of 2025, the net present values for 1P, 2P, and 3P reserves are $1.5 billion, $2.5 billion, and $3.3 billion respectively, indicating a robust economic foundation for the company's oil and gas resource development, supporting debt reduction and strengthening the balance sheet.
- Resource Diversification: Gran Tierra's South American portfolio includes 118 MMBBL of unrisked prospective resources and 74 MMBOE of unrisked best estimate resources, showcasing the long-term potential and strategic flexibility for future development.
- Canadian Development Reclassification: The reclassification of certain reserves in Canada resulted in a reduction of 19 MMBOE in 1P and 32 MMBOE in 2P, yet this did not significantly impact the company's net asset value, preserving capital allocation flexibility for future high-return opportunities.
Gran Tierra Energy Hits 52-Week High After Record Production
- Record Production: Gran Tierra Energy reported an average production of 48,235 boe/day for December 2025, marking the highest monthly production in the company's history, indicating strong growth potential in oil and gas production.
- Ecuador Production Breakthrough: In Ecuador, Gran Tierra achieved a daily oil production rate of 10,000 bbl/day in Q4, with current production at approximately 8,800 bbl/day, demonstrating enhanced production capacity in the region and fulfilling all exploration commitments.
- Significant Initial Production Rates: Discoveries at Conejo in the Hollín and Basal Tena sands delivered combined initial production rates of 3,238 bbl/day, further solidifying the company's market position in Ecuador and driving future growth.
- Inventory Impact on Performance: Despite an average production of 46,500 boe/day in Q4, the performance was affected by an inventory build of approximately 291,000 barrels of oil in Ecuador, which was sold in early January for about $15 million, reflecting market volatility risks.
