--- title: "Gran Tierra Energy | 8-K: FY2026 Q1 Revenue: USD 172.06 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/285795202.md" datetime: "2026-05-09T04:08:42.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285795202.md) - [en](https://longbridge.com/en/news/285795202.md) - [zh-HK](https://longbridge.com/zh-HK/news/285795202.md) --- # Gran Tierra Energy | 8-K: FY2026 Q1 Revenue: USD 172.06 M Revenue: As of FY2026 Q1, the actual value is USD 172.06 M. EPS: As of FY2026 Q1, the actual value is USD -3.38, missing the estimate of USD -1.32. EBIT: As of FY2026 Q1, the actual value is USD -96.29 M. ### Financial and Operational Metrics for Gran Tierra Energy Inc. #### First Quarter 2026 Performance Highlights - **Total Company Average Production**: Gran Tierra Energy Inc. achieved an average working interest (WI) production of 45,497 barrels of oil equivalent per day (boepd) in Q1 2026, which was 2% lower than Q4 2025 and Q1 2025, primarily due to the timing of waterflood optimization in Colombia and the sale of Simonette assets in Canada, partially offset by increased production from the Conejo wells and the Perico Block in Ecuador . - **Net Loss**: The company reported a net loss of -$119 million, or -$3.38 per share basic and diluted, in Q1 2026, compared to a net loss of -$141 million in Q4 2025 and -$19 million, or -$0.54 per share basic and diluted, in Q1 2025 . The net loss was largely driven by non-cash items such as a -$77 million unrealized market-to-market hedging loss, $20 million in stock-based compensation, and $11 million in debt issuance cost amortization from the bond exchange . - **Gross Profit**: Gross profit was approximately $37 million in Q1 2026, an increase from approximately $1 million in Q4 2025 and $28 million in Q1 2025 . On a per boe basis, gross profit was $8.49, up from $0.22 in Q4 2025 and $6.63 in Q1 2025 . - **Operating Netback**: The operating netback was $23.28 per boe, representing a 33% increase from Q4 2025 and a 2% increase from Q1 2025, primarily due to higher recognized oil prices . - **Adjusted EBITDA**: Adjusted EBITDA for Q1 2026 was $74 million, compared to $52 million in Q4 2025 and $85 million in Q1 2025 . The trailing twelve-month net debt to Adjusted EBITDA ratio was 1.7 times . - **Net Cash Provided by Operating Activities**: This metric stood at $173 million ($4.89 per share) in Q1 2026, up 10% from Q4 2025 and 136% from Q1 2025 . - **Funds Flow from Operations**: Funds flow from operations was $43 million ($1.21 per share) in Q1 2026, marking a 60% increase from Q4 2025 but a 23% decrease from Q1 2025 . - **Cash and Debt Position**: As of March 31, 2026, Gran Tierra Energy Inc. held $125 million in cash, with total gross debt of $606 million and net debt of $481 million . The company bought back $9.2 million in face value of its 9.75% Senior Notes during the quarter . - **Liquidity**: The company had approximately $54 million in undrawn availability from its credit and lending facilities, in addition to its cash balance . - **Capital Expenditures**: Capital expenditures were $45 million in Q1 2026, lower than $53 million in Q4 2025 and $95 million in Q1 2025 . - **Oil Sales**: Oil sales reached $172 million in Q1 2026, a 2% increase from Q1 2025 and a 32% increase from Q4 2025 . The increase was driven by higher sales volumes and a 5% increase in Brent price, partially offset by higher differentials . - **South American Quality and Transportation Discounts**: The average discount per barrel in South America increased to $14.85 in Q1 2026, from $11.58 in Q1 2025 and $12.30 in Q4 2025 . - **Operating Expenses**: On a per boe basis, operating expenses decreased by 3% year-over-year due to lower workover activities . Total operating expenses increased by 16% to $66 million quarter-over-quarter, but decreased by 1% year-over-year . - **Transportation Expenses**: Transportation expenses increased by 44% to $5.3 million quarter-over-quarter and 17% year-over-year . - **General and Administrative (G&A) Expenses**: G&A expenses before stock-based compensation were $3.51 per boe, a decrease from $4.26 per boe in Q4 2025 but an increase from $2.81 per boe in Q1 2025 . - **Cash Netback**: Cash netback per boe increased to $9.91, up from $6.81 in Q4 2025, but decreased by $3.14 from $13.05 per boe in Q1 2025 . #### Segment-Specific Performance (Q1 2026) - **Colombia**: Operating netback was $65,010 thousand, with oil sales of $102,324 thousand . WI production before royalties was 21,319 boepd, and per boe operating netback was $32.66 . - **Ecuador**: Operating netback was $22,239 thousand, with oil sales of $40,745 thousand . WI production before royalties was 8,759 boepd, and per boe operating netback was $23.57 . - **Canada**: Operating netback was $13,356 thousand, with oil sales of $20,987 thousand, natural gas sales of $6,074 thousand, and NGL sales of $5,040 thousand . WI production before royalties was 15,419 boepd, and per boe operating netback was $9.62 . #### Outlook / Guidance Gran Tierra Energy Inc. revised its 2026 guidance, projecting a stronger free cash flow generation based on higher commodity prices and new hedges . The company forecasts 2026 hedging losses between $70 million and $72 million . 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