Gran Tierra Energy Inc. (GTE) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
500 CENTRE STREET SE CALGARY, AB T2G 1A6 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 1311 - Crude Petroleum and Natural Gas (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 62,146 | 126,873 | 26,109 | 62,010 | 103,042 | 83,764 | |||
| Cash and cash equivalent | 62,146 | 126,873 | 26,109 | 13,687 | 8,301 | 51,040 | |||
| Short-term investments | 48,323 | 94,741 | 32,724 | ||||||
| Restricted cash and investments | 1,142 | 392 | 427 | 516 | 1,269 | ||||
| Receivables | 12,359 | 10,760 | 58,691 | 58,006 | 172,129 | 104,436 | |||
| Inventory, net of allowances, customer advances and progress billings | 29,039 | ||||||||
| Inventory | 29,039 | ||||||||
| Other current assets | 8,920 | 29,812 | 16,609 | 13,459 | 15,001 | 13,056 | |||
| Total current assets: | 112,464 | 168,587 | 101,801 | 133,902 | 290,688 | 202,525 | |||
| Noncurrent Assets | |||||||||
| Nontrade receivables | 27,796 | 17,522 | 42,635 | 25,869 | |||||
| Property, plant and equipment | 995,797 | 964,482 | 1,577,393 | 1,312,777 | |||||
| Oil and gas, full cost method, property and equipment, after accumulated depletion | 1,109,186 | 1,074,895 | |||||||
| Long-term investments and receivables | 8,711 | ||||||||
| Long-term investments | 8,711 | ||||||||
| Intangible assets, net (including goodwill) | 102,581 | 102,581 | |||||||
| Goodwill | 102,581 | 102,581 | |||||||
| Restricted cash and investments | 7,750 | 4,903 | 1,999 | ||||||
| Deferred income tax assets | 10,923 | 22,990 | 61,494 | 57,318 | 44,003 | ✕ | |||
| Other noncurrent assets | 7,963 | 15,335 | 12,497 | 3,425 | 4,130 | 4,553 | |||
| Other undisclosed noncurrent assets | 78,003 | 26,007 | (4,903) | 43,438 | |||||
| Total noncurrent assets: | 1,213,825 | 1,167,023 | 1,087,310 | 1,067,860 | 1,753,976 | 1,474,059 | |||
| TOTAL ASSETS: | 1,326,289 | 1,335,610 | 1,189,111 | 1,201,762 | 2,044,664 | 1,676,584 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 187,007 | 167,579 | 148,694 | 100,784 | 195,513 | 154,670 | |||
| Taxes payable | ✕ | ✕ | ✕ | 6,620 | 37 | 4,149 | |||
| Accounts payable | |||||||||
| Accrued liabilities | 27,219 | 58,978 | |||||||
| Other undisclosed accounts payable and accrued liabilities | 159,788 | 108,601 | 142,074 | 100,747 | 195,513 | 150,521 | |||
| Debt | 47,709 | 4,800 | 70,287 | ||||||
| Derivative instruments and hedges, liabilities | 12,050 | 775 | 1,017 | ||||||
| Asset retirement obligation | 479 | 141 | 123 | ||||||
| Other undisclosed current liabilities | 25,059 | 69,119 | 9,006 | 842 | 3,053 | 13,570 | |||
| Total current liabilities: | 260,254 | 241,639 | 227,987 | 113,676 | 199,341 | 169,380 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 519,532 | 589,593 | 587,404 | 774,770 | 700,459 | 399,415 | |||
| Long-term debt, excluding current maturities | 589,593 | 587,404 | 774,770 | 700,459 | 399,415 | ||||
| Finance lease, liability | ✕ | ||||||||
| Other undisclosed long-term debt and lease obligation | 519,532 | ||||||||
| Liabilities, other than long-term debt | 141,359 | 70,375 | 57,922 | 52,327 | 107,448 | 46,481 | |||
| Asset retirement obligations | 73,029 | 63,358 | 54,525 | 48,214 | 43,419 | 43,676 | |||
| Deferred income tax liabilities | 57,453 | 28 | 59,762 | ✕ | |||||
| Other liabilities | 10,877 | 6,989 | 3,397 | 4,113 | 4,267 | 2,805 | |||
| Other undisclosed noncurrent liabilities | 8,750 | 16,437 | 13,718 | 3,955 | 4,806 | 31,558 | |||
| Total noncurrent liabilities: | 669,641 | 676,405 | 659,044 | 831,052 | 812,713 | 477,454 | |||
| Total liabilities: | 929,895 | 918,044 | 887,031 | 944,728 | 1,012,054 | 646,834 | |||
| Equity | |||||||||
| Equity, attributable to parent | 396,394 | 417,566 | 302,080 | 257,034 | 1,032,610 | 1,029,750 | |||
| Common stock | 9,936 | 10,272 | 10,270 | 10,270 | 10,270 | 10,290 | |||
| Treasury stock, value | (163) | (27,317) | |||||||
| Additional paid in capital | 1,249,651 | 1,291,354 | 1,287,582 | 1,285,018 | 1,282,627 | 1,318,048 | |||
| Accumulated other comprehensive loss | |||||||||
| Accumulated deficit | (863,030) | (856,743) | (995,772) | (1,038,254) | (260,287) | (298,588) | |||
| Total equity: | 396,394 | 417,566 | 302,080 | 257,034 | 1,032,610 | 1,029,750 | |||
| TOTAL LIABILITIES AND EQUITY: | 1,326,289 | 1,335,610 | 1,189,111 | 1,201,762 | 2,044,664 | 1,676,584 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 636,957 | 711,388 | 473,722 | 237,838 | 570,983 | 2,086 | ||
| Net investment income | 1,983 | 443 | 345 | 696 | 2,086 | |||
| Cost of revenue | (297,773) | (266,152) | (281,948) | (955,465) | (286,002) | (313,275) | ||
| Cost of product and service sold | (201,410) | (4,151) | ||||||
| Gross profit: | 339,184 | 445,236 | 191,774 | (717,627) | 284,981 | (311,189) | ||
| Operating expenses | (232,710) | (203,342) | (168,594) | (135,610) | (176,816) | (150,755) | ||
| Operating income (loss): | 106,474 | 241,894 | 23,180 | (853,237) | 108,165 | (461,944) | ||
| Nonoperating income (expense) | (11,822) | (29,182) | (72,684) | (4,184) | (627) | (9,957) | ||
| Investment income, nonoperating | (26,604) | (52,207) | ||||||
| Gain (loss), foreign currency transaction, before tax | (11,822) | (2,578) | (20,477) | (4,184) | (627) | (9,957) | ||
| Interest and debt expense | (55,806) | (46,493) | (54,381) | (54,140) | (43,268) | (27,364) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 58,200 | 31,705 | 650,752 | |||||
| Income (loss) from continuing operations before equity method investments, income taxes: | 38,846 | 166,219 | (103,885) | (853,361) | 95,975 | 151,487 | ||
| Other undisclosed income from continuing operations before income taxes | 67,314 | 78,716 | 127,021 | |||||
| Income (loss) from continuing operations before income taxes: | 106,160 | 244,935 | 23,136 | (853,361) | 95,975 | 151,487 | ||
| Income tax expense (benefit) | (112,447) | (105,906) | 19,346 | 75,394 | (57,285) | (48,871) | ||
| Income (loss) from continuing operations: | (6,287) | 139,029 | 42,482 | (777,967) | 38,690 | 102,616 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 42,482 | (777,967) | 38,690 | 102,616 | |
| Net income (loss) available to common stockholders, diluted: | (6,287) | 139,029 | 42,482 | (777,967) | 38,690 | 102,616 | ||
Comprehensive Income ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (6,287) | 139,029 | 42,482 | (777,967) | 38,690 | 102,616 | ||
| Comprehensive income (loss): | (6,287) | 139,029 | 42,482 | (777,967) | 38,690 | 102,616 | ||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | ||||||||
| Comprehensive income (loss), net of tax, attributable to parent: | (6,287) | 139,029 | 42,482 | (777,967) | 38,690 | 102,616 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.