Gran Tierra Energy Inc. achieved record total company average quarterly production of 47,196 boepd, with funds flow from operations of $54 million and adjusted EBITDA of $77 million. The company signed a mandate letter for funding of up to $200 million and entered into a binding agreement to exit the UK North Sea. Additionally, Gran Tierra achieved a company record total of 32 million hours without a lost time injury, with operating costs per boe of $13.42 for the quarter – the lowest since the first quarter of 2022.

Gran Tierra’s President and CEO, Gary Guidry, highlighted the company’s record-setting production across Colombia, Ecuador, and Canada. Notable achievements included successful development drilling in Colombia, high-impact exploration wells in Ecuador, and encouraging results from assets in Canada. The company remains focused on disciplined capital allocation and balanced growth to generate long-term value for stakeholders.

In Ecuador, Gran Tierra is building on the momentum of its Iguana Block discoveries with planned drilling in the Charapa Block. In Colombia, successful development drilling at Costayaco and Cohembi, along with positive waterflood responses, underscore the ongoing potential of core assets. In Canada, assets in Montney and Clearwater are delivering promising results.

Gran Tierra enhanced liquidity by signing a mandate letter for a $200 million prepayment facility backed by crude oil deliveries. The company also completed a semi-annual redetermination of its Canadian credit facility, maintaining an unchanged borrowing base of C$100 million. Gran Tierra utilizes a disciplined, risk-managed hedging strategy to protect cash flow and enhance financial stability.

Financial highlights for the quarter include a net loss of $13 million, adjusted EBITDA of $77 million, funds flow from operations of $54 million, and net cash provided by operating activities of $35 million. Gran Tierra’s common stock trades on the NYSE American, the Toronto Stock Exchange, and the London Stock Exchange under the ticker symbol GTE, with detailed financial and operational information available in the company’s SEC and Canadian securities filings.

Read more at GlobeNewswire: Gran Tierra Energy Inc. Reports Second Quarter 2025 Results