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Gran Tierra Energy (GTE) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 6, 2026 · Gran Tierra Energy (GTE) Q3 2026 earnings results →
Q3 2026 Revenue up 13% year over year to $168M · 25¢ of every $1 of revenue lost · operating margin -41.2%
Gran Tierra Energy made $168M in Q3 2026 (+13% Y/Y). Operating margin -41.2%, net loss $42.4M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 6, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $168.3M in Q3 2026, up 13% year over year and down 10% from the previous quarter.
Operating costs exceeded revenue by $69.4M, an operating margin of -41.2%. Total costs grew 31% against revenue growth of 13%. The fastest-growing cost line was General & admin (+216%). The quarter ended with a net loss of $42.4M, after a profit of $24.9M the previous quarter.
Operating cash flow was $26.6M (down 45% year over year). Non-cash charges added back $30.5M of share-based compensation. Working capital and other items added $38.5M. Capital expenditures of $45.6M exceeded it, leaving free cash flow of −$19.0M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 6, 2026 | $168M | +13% | -41.2% | −$42.4M | $26.6M |
| Q2 2026 | 10-Q | Aug 5, 2026 | $187M | +25% | 23.1% | $24.9M | $57.4M |
| Q1 2026 | 10-Q | May 8, 2026 | $172M | +2% | -85.6% | −$119M | $173M |
| Q4 2025 | 10-K | Mar 4, 2026 | $130M | -12% | -139.3% | −$141M | $157M |
| Q3 2025 | 10-Q | Oct 31, 2025 | $149M | -1% | -21.7% | −$19.9M | $48.1M |
| Q2 2025 | 10-Q | Jul 31, 2025 | $149M | -10% | -5.8% | −$12.7M | $34.7M |
| Q1 2025 | 10-Q | May 2, 2025 | $168M | +7% | -9.6% | −$19.3M | $73.2M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Gran Tierra Energy
Gran Tierra Energy Inc., together with its subsidiaries, is an independent international energy company currently focused on oil and natural gas exploration and production in Canada, Colombia and Ecuador. The Company is currently developing its existing portfolio of assets in Canada, Colombia and Ecuador; however, Gran Tierra recently entered into an exploration, development and production sharing agreement with the State Oil Company of the Republic of Azerbaijan (“ SOCAR ”) and may eventually expand our operations into Azerbaijan and will continue to pursue additional new growth opportunities that would further strengthen the Company’s portfolio. The Company’s common stock trades on the NYSE American, the Toronto Stock Exchange and the London Stock Exchange under the ticker symbol GTE. Additional information concerning Gran Tierra is available at www.grantierra.com.
In its own words, from its 8-K, filed Aug 5, 2026.
Gran Tierra Energy against its Crude Petroleum & Natural Gas peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +13% against the peers' median +46%. Operating margin: -41.2% against the peers' median 19.5%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| GTE Gran Tierra Energy | Q3 2026 | $168M | +13% | -41.2% |
| EOG EOG Resources | Q3 2026 | $8.5B | +46% | 41.9% |
| OXY Occidental Petroleum | Q2 2026 | $8.1B | +53% | 48.5% |
| DVN Devon Energy | Q3 2026 | $6.9B | +58% | 18.3% |
| FANG Diamondback Energy | Q3 2026 | $5.4B | +38% | 46.0% |
| EXE Expand Energy | Q3 2026 | $3.3B | +11% | 19.5% |
| PARR PAR Pacific Holdings | Q3 2026 | $3.1B | +52% | 15.5% |
| OVV Ovintiv | Q3 2026 | $2.6B | +26% | 33.7% |
| SM SM Energy | Q3 2026 | $2.2B | +167% | 10.9% |
Source: Gran Tierra Energy 10-Q on SEC EDGAR · CIK 1273441 · Crude Petroleum & Natural Gas
Guidance and outlook
13F: who owns GTE and who is buying
More on GTE
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results