Strong production growth in the middle …

• Average production of work interests: 46,650 Boe a day, 14% higher than the fourth quarter of 2024 and 45% higher compared to the previous year.

• Net lust: 19 million US dollars compared to a net loss of 34 million US dollars in the previous quarter.

• Adapted EBITDA: 85 million US dollars, compared to 76 million US dollars in the previous quarter and after 95 million US dollars in the first quarter of 2024.

• Net pay of adapted EBITDA: 1.9 times with a long-term goal of 1 times.

• Fund flow from the operations: $ 55 million or USD 1.55 per share, by 25% compared to the fourth quarter of 2024 and 26% compared to the first quarter of 2024.

• Investment expenses: 95 million US dollars, over 79 million US dollars and 55 million US dollars in the first quarter of 2024.

• Care credit: 77 million US dollars for the quarter.

• Total debt: 60 million US dollars with net debt of 683 million US dollars.

• Oil sale: 171 million US dollars, an increase of 8% compared to the first quarter of 2024 and 16% compared to the previous quarter.

• Operating costs per boe: Decreased by 3% compared to the first quarter of 2024 and in the previous quarter.

• Share purchases: Bought around 450,000 shares back in a quarter.

Appearance date: May 02, 2025

You can find the complete copy of the earnings call in the complete earnings call.

• Gran Tierra Energy Inc (GTE) achieved an increase in production by 14% compared to the fourth quarter of 2024 and an increase of 45% compared to the previous year and reached around 46,650 Boe a day.

• The company reported a significant improvement in the adjusted EBITDA and achieved 85 million US dollars of $ 76 million in the previous quarter.

• Gran Tierra Energy Inc (GTE) successfully drilled two additional oil discoveries in Ecuador and has marked their 10th discovery in the country since 2019.

• The company reduced its gross debt by $ 27 million in the quarter, which shows an obligation to improve its financial position.

• Gran Tierra Energy Inc.

• Gran Tierra Energy Inc (GTE) recorded a net loss of $ 19 million in the first quarter of 2025, although this was an improvement compared to the net loss of the 34 million US dollar.

• The company's investments rose to 95 million US dollars compared to $ 79 million in the previous quarter, which can take concerns about cash flow management.

• Despite improvements, the company's net debt remains high at $ 683 million, with net debt relating to the adjusted EBITDA ratio of 1.9 times.

• The fund flow from the business activity decreased by 26% compared to the first quarter of 2024, mainly due to lower oil prices.

• Gran Tierra Energy Inc.