Gran Tierra Energy Inc. reported its first quarter 2025 results, highlighting a production increase to a record 46,647 barrels of oil equivalent per day (boepd), marking a 14% rise from the fourth quarter of 2024 and a 45% increase from the first quarter of 2024. The company recorded a net loss of $19 million, an improvement over the prior quarter’s net loss of $34 million, but contrasting with no net loss in the first quarter of 2024. Adjusted EBITDA was $85 million, up from $76 million in the previous quarter but down from $95 million in the first quarter of 2024. Gran Tierra also announced successful exploration activities in Ecuador, specifically additional oil discoveries in the Iguana Block. The company closed the quarter with $77 million in cash and reduced its debt by $27 million, while securing additional liquidity through a new $75 million credit facility. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Gran Tierra Energy Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9443278-en) on May 01, 2025, and is solely responsible for the information contained therein.
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