Earnings ·
Gran Tierra reports Q3 net loss of $42M as stockholders approve $1.33B sale to Maurel & Prom
GTEGran Tierra Energy Inc.
Gran Tierra Energy Inc. reported a third-quarter 2026 net loss of $42 million, or $1.20 per share, driven by non-cash stock-based compensation and derivative losses. The company delivered average production of 39,904 BOEPD and ended the quarter with $141 million in cash. Stockholders approved the sale of its Colombian and Ecuadorian businesses to Maurel & Prom for approximately $1.33 billion, which is expected to leave the company debt-free upon closing. The filing also notes the ratification of an exploration agreement in Azerbaijan and consent obtained for amendments to senior secured notes. Gran Tierra Energy Inc. operates as an independent international oil and gas exploration and production company.