GTE Earnings Prediction
The chart below shows how GTE performed 10 days before and after its earnings report, based on data from the past quarters. Typically, GTE sees a +1.05% change in stock price 10 days leading up to the earnings, and a -0.80% change 10 days following the report. On the earnings day itself, the stock moves by +1.88%. This data can give you a slight idea of what to expect for the next quarter's release.
GTE Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
151.37M
-15.87%
-8.60%
Gross Margin
30.28%
-24.02%
-12.64%
Operating Margin
26.08%
-24.08%
6.67%
Net Margin
0.75%
-79.34%
-96.58%
EPS
0.04
-80.00%
-96.55%
No Data Available
GTE Earnings Analysis
Gran Tierra Energy Inc. Corporation (GTE.A) Earnings Conference Call
Positive
Acquisition of Drilling Locations: Gran Tierra completed its acquisition of i3 Energy on October 31, 2024, adding 253 net booked drilling locations with an average 77% operator share, totaling 18,000 barrels of oil equivalent per day.
Funds Flow Increase: Gran Tierra generated $60 million of funds flow from operations, or $1.96 per share, which was up 31% from the prior quarter.
EBITDA Performance Comparison: Adjusted EBITDA was $93 million compared to $103 million in the prior quarter, reflecting strong operational performance.
Operating Expenses Decrease: Gran Tierra's operating expenses decreased by 2% to $46 million compared to the prior quarter, primarily due to lower overall workover costs.
Quarterly Profitability Report: The company reported net income of $1 million during the quarter, demonstrating profitability amidst challenging market conditions.
Negative
EBITDA Decline Analysis: Adjusted EBITDA was $93 million compared to $103 million in the prior quarter, indicating a decline in profitability.
Net Income Decline: Gran Tierra generated net income of only $1 million during the quarter, reflecting a significant drop in earnings.
Oil Sales Decline: The company reported oil sales of $151 million, down 9% from the prior quarter due to lower prices and wider oil differentials.
Brent Price Decline: Brent averaged $78.71 per barrel, down 7% from the prior quarter, negatively impacting revenue.
Operating Netback Decline: Operating netback was $34.18 per barrel, down 12% from the prior quarter, primarily due to lower Brent pricing and higher differentials.
GTE FAQs
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GTE Earning Call Sentiment
Gran Tierra Energy Inc. (GTE) Q3 2024 Earnings Call Transcript
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00:00
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GTE.A
-0.3%Positive
The earnings call summary reveals mixed signals: positive growth outlooks and a commitment to share buybacks, contrasted by acquisition risks, depressed natural gas prices, and operational challenges. Financial performance shows a decrease in EBITDA and oil sales, while the Q&A indicates cautious optimism with plans for increased CapEx and hedging. The lack of clear guidance for 2025 and paused buyback program add uncertainty. Given these factors, the stock price is likely to remain stable in the short term, resulting in a neutral prediction.