Gran Tierra Holders Approve $1.33 Billion Sale of Colombian and Ecuadorian Assets

Gran Tierra Energy reported Q3 2026 results, including a net loss of $42M due to non-cash expenses and derivative losses. The company generated $68M in adjusted EBITDA and $32M in funds flow from operations. Gran Tierra announced the proposed sale of its Colombian and Ecuadorian business for $1.33B, targeting closure by year-end. The company also secured an exploration agreement in Azerbaijan and plans to return a portion of net proceeds to stockholders through share repurchases.

Gran Tierra Energy reported Q3 2026 revenue of $168.31M, up 13% YoY, but net loss widened to $42.42M. Higher oil prices boosted sales, while lower production volumes and increased costs contributed to losses. Shareholders approved a planned sale of Colombia and Ecuador assets post-quarter.

GRAN TIERRA ENERGY INC. (GTE) filed an SEC Form 8-K — Results of Operations and Financial Condition. Gran Tierra Energy Inc. Reports Third Quarter 2026 Results • Delivered Total Company Average Third Quarter WI Production of 39,904 BOEPD, Including 12,852 BOEPD in Canada • Ended the Quarter with $141 Million of Cash and Approximately $53 Million of Undrawn Credit Facility Availa

Gran Tierra Energy reported Q3 2026 results: production down 4% QoQ to 39,904 boepd, net loss of $42M. Shareholders approved $1.33B sale of Colombia & Ecuador businesses. Company has $141M cash, $53M credit availability. EDPSA in Azerbaijan ratified. (GTE)

Gran Tierra Energy's stockholders approved the sale of its Colombian and Ecuadorian businesses to Maurel & Prom for approximately $1.33 billion. The deal, expected to close with $315 million in net cash proceeds, will leave Gran Tierra debt-free, according to the company.

Gran Tierra Energy (GTE) received shareholder approval for the $1.33B sale of its Colombian and Ecuadorian operations to Maurel & Prom. The deal, pending regulatory approval, will generate $315M in net cash proceeds, with $250M payable at closing and $65M due in a year. GTE plans to eliminate debt and may consider share repurchases. The stock rose 3% to $10.90 in after-hours trading.