Gran Tierra Energy (GTE) Q2 2026 Earnings Call

Gran Tierra Energy reported Q2 2026 net income of $25 million, a significant swing from prior quarter losses, driven by stronger Brent pricing and lower operating costs. The company announced a definitive agreement to sell its Colombia and Ecuador businesses to Maurel & Prom, while refocusing on Canadian assets (Dawson Clearwater and Mount Head) and Azerbaijan exploration. Oil sales increased 25% year-over-year to $187 million, adjusted EBITDA rose to $85 million, and the company generated $6 million in free cash flow while repurchasing $56 million in senior notes.