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Sep 30, 2022
Gran Tierra Q3 2022 Earnings Report
Gran Tierra's financial and operating results for the quarter ended September 30, 2022 were announced.
Key Takeaways
Gran Tierra Energy Inc. reported a net income of $39 million and adjusted EBITDA of $121 million for the third quarter of 2022. The company's average production was 30,391 BOPD, and it generated free cash flow of $37 million. The company is excited about the initial exploration results that the Company has achieved in both Colombia and Ecuador.
Third Quarter 2022 Average Production of 30,391 BOPD, Up 5% from One Year Ago
Net Income of $39 Million, $168 Million Over The Last 12 Months
Adjusted EBITDA of $121 Million, Up 48% Year-on-Year
Free Cash Flow of $37 Million
Forward Guidance
Gran Tierra has generated significant free cash flow of $146 million over the last twelve months, which has allowed us to execute on our share buyback plan and to strengthen our balance sheet via bond buybacks and the complete pay down of our former credit facility. With current production of 32,291 BOPD, we look forward to finishing 2022 on a strong note and are excited about our 2023 development and exploration capital programs and ongoing share and bond buybacks.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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