Filing Flows › Gran Tierra Energy (GTE) › Q1 2026
Gran Tierra Energy (GTE) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 8, 2026
Gran Tierra Energy (GTE) reported revenue of $172M for the first quarter 2026 (Q1 2026), +2% from a year earlier and +32% from the quarter before. Operating margin was -85.6%, net loss $119M (69.3% of revenue).
Gran Tierra Energy, Q1 2026: revenue $172M (+2% year over year), operating margin -85.6%, net loss $119M, operating cash flow $173M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $172M | +32% | +2% |
| Operating profit | −$147M | — | — |
| Net earnings | −$119M | — | — |
| Operating cash flow | $173M | +10% | +136% |
| Free cash flow | $131M | +32% | 23× |
What changed
Revenue was $172.1M in Q1 2026, up 2% year over year and up 32% from the previous quarter.
Operating costs exceeded revenue by $147.3M, an operating margin of -85.6%. Total costs grew 73% against revenue growth of 2%. The fastest-growing cost line was General & admin (+205%). The quarter ended with a net loss of $119.2M, narrower than the previous quarter's $141.1M loss.
Operating cash flow was $172.7M (up 136% year over year). Non-cash charges added back $19.7M of share-based compensation. Working capital and other items added $272.2M. Capital expenditures of $41.5M left free cash flow of $131.2M.
Questions
What was Gran Tierra Energy's revenue in the first quarter 2026?
Gran Tierra Energy (GTE) reported revenue of $172M for the first quarter 2026 (Q1 2026), +2% from a year earlier and +32% from the quarter before.
Was Gran Tierra Energy profitable in the first quarter 2026?
Operating loss was $147M (-85.6% of revenue) and net loss $119M.
Source: Gran Tierra Energy 10-Q on SEC EDGAR.