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Gran Tierra Energy (GTE) guidance and outlook
Gran Tierra Energy's 10-Q filed Nov 6, 2026 makes 7 forward-looking statements.
Guidance and outlook
Forward-looking statements, 10-Q filed Nov 6, 2026
- • During the three months ended September 30, 2026, we entered into a definitive share sale agreement to sell our Colombia and Ecuador oil business for a total approximate consideration of $1.33 billion, subject to adjustment, including the assumption of our 2029 and 2031 Senior Notes and the Prepayment Agreement facility, with expected net cash proceeds of approximately $315.0 million.
- We intend to pursue growth opportunities and acquisitions from time to time, which may require significant capital to be located in basins or countries beyond our current operations, involve joint ventures, or be sizable compared to our current assets and operations.
- The Offer Amount will be reduced by the aggregate principal amount of any 9.75% Senior Notes redeemed or re-purchased by us in the open market transactions before the Offer Date.
- Asset Coverage Ratio of at least 150%, calculated using the net present value of the consolidated future cash flows of certain wholly owned subsidiaries of the Company that sell crude oil, projected through the final maturity date and discounted at 10% over the outstanding principal and the interest payable amount on the prepayment agreement at each reporting period.
- After the assumption of substantially all liabilities, customary closing and working capital adjustments, our redemption of our 7.75% Senior Notes due 2027 (the “2027 Notes”), and transaction costs, we expect to receive net cash proceeds of approximately $315.0 million (the “Net Cash Proceeds”).
- Of this amount, approximately $250.0 million is payable in cash, of which $50.0 million was received as a deposit during the three months ended September 30, 2026, which was recorded in accounts payable and accrued liabilities on our condensed consolidated balance sheet and will be credited against the purchase price, with the balance due on closing.
- Upon completion of Phase 1, we will be entitled to 49% of production and are expected to assume operatorship.
Gran Tierra Energy's latest quarter
Gran Tierra Energy, Q3 2026: revenue $168M (+13% year over year), operating margin -41.2%, net loss $42.4M, operating cash flow $26.6M. The chart follows the revenue to costs, profit and cash.
Questions
What does Gran Tierra Energy expect?
• During the three months ended September 30, 2026, we entered into a definitive share sale agreement to sell our Colombia and Ecuador oil business for a total approximate consideration of $1.33 billion, subject to adjustment, including the assumption of our 2029 and 2031 Senior Notes and the Prepayment Agreement facility, with expected net cash proceeds of approximately $315.0 million. We intend to pursue growth opportunities and acquisitions from time to time, which may require significant capital to be located in basins or countries beyond our current operations, involve joint ventures, or
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.