Filing Flows › Gran Tierra Energy (GTE) › Q1 2025
Gran Tierra Energy (GTE) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 2, 2025
Gran Tierra Energy (GTE) reported revenue of $168M for the first quarter 2025 (Q1 2025), +7% from a year earlier and +14% from the quarter before. Operating margin was -9.6%, net loss $19.3M (11.5% of revenue).
Gran Tierra Energy, Q1 2025: revenue $168M (+7% year over year), operating margin -9.6%, net loss $19.3M, operating cash flow $73.2M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $168M | +14% | +7% |
| Operating profit | −$16.1M | — | — |
| Net earnings | −$19.3M | — | — |
| Operating cash flow | $73.2M | +175% | +20% |
| Free cash flow | $5.7M | — | -74% |
What changed
Revenue was $168.2M in Q1 2025, up 7% year over year and up 14% from the previous quarter.
Operating costs exceeded revenue by $16.1M, an operating margin of -9.6%. Total costs grew 31% against revenue growth of 7%. The fastest-growing cost line was Other operating costs (+36%). The quarter ended with a net loss of $19.3M, narrower than the previous quarter's $34.2M loss.
Operating cash flow was $73.2M (up 20% year over year). Working capital and other items added $92.5M. Capital expenditures of $67.5M left free cash flow of $5.7M.
Questions
What was Gran Tierra Energy's revenue in the first quarter 2025?
Gran Tierra Energy (GTE) reported revenue of $168M for the first quarter 2025 (Q1 2025), +7% from a year earlier and +14% from the quarter before.
Was Gran Tierra Energy profitable in the first quarter 2025?
Operating loss was $16.1M (-9.6% of revenue) and net loss $19.3M.
Source: Gran Tierra Energy 10-Q on SEC EDGAR.