Gran Tierra forecasts 2026 EBITDA of $345M-$395M while revising portfolio after Simonette sale and new Colombia block
Gran Tierra Energy forecasts 2026 EBITDA between $345M and $395M, following portfolio revisions after the Simonette sale. The company reported a net loss of $119M for Q1 2026, an improvement from the previous quarter's loss. Adjusted EBITDA was $74M, with capital expenditures of $45M. Gran Tierra has strengthened its balance sheet with $125M in cash and is expanding its portfolio in Azerbaijan and Colombia. The company anticipates production of 40,000 to 45,000 barrels of oil equivalent per day at an average Brent price of $84.
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