Gran Tierra Energy Inc. (GTE) Financial Statements (2024 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)Annual | Quarterly
| 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 123,216 | 68,529 | 105,684 | 126,873 | 118,173 | 108,558 | |||
| Cash and cash equivalents | 123,216 | 68,529 | 105,684 | 126,873 | 118,173 | 108,558 | |||
| Restricted cash and investments | 1,142 | 1,142 | 1,142 | 1,142 | 1,142 | 1,142 | |||
| Receivables | 19,157 | 6,753 | 13,596 | 10,760 | 10,746 | 11,029 | |||
| Inventory, net of allowances, customer advances and progress billings | 25,724 | 22,532 | 20,075 | 18,704 | |||||
| Inventory | 25,724 | 22,532 | 20,075 | 18,704 | |||||
| Other current assets | 12,082 | 9,108 | 11,681 | 29,812 | 12,035 | 28,082 | |||
| Other undisclosed current assets | 82 | 113 | |||||||
| Total current assets: | 181,321 | 108,146 | 152,291 | 168,587 | 160,800 | 148,811 | |||
| Noncurrent Assets | |||||||||
| Nontrade receivables | 27,796 | 25,952 | 24,473 | ||||||
| Oil and gas, full cost method, property and equipment, after accumulated depletion | 1,110,507 | 1,111,777 | 1,099,804 | 1,074,895 | 1,044,874 | 1,027,454 | |||
| Restricted cash and investments | 7,052 | 6,504 | 5,710 | 5,518 | 4,827 | ||||
| Deferred income tax assets | 9,758 | 12,924 | 11,806 | 22,990 | 17,713 | 27,526 | |||
| Other noncurrent assets | 7,265 | 6,717 | 5,923 | 15,335 | 17,873 | 16,337 | |||
| Other undisclosed noncurrent assets | 70,132 | 63,297 | 50,882 | 26,007 | 5,625 | 6,716 | |||
| Total noncurrent assets: | 1,204,714 | 1,201,219 | 1,174,125 | 1,167,023 | 1,117,555 | 1,107,333 | |||
| TOTAL ASSETS: | 1,386,035 | 1,309,365 | 1,326,416 | 1,335,610 | 1,278,355 | 1,256,144 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 176,489 | 197,797 | 187,598 | 167,579 | 181,017 | 163,881 | |||
| Accrued liabilities | 46,398 | 30,442 | 65,202 | 58,978 | |||||
| Other undisclosed accounts payable and accrued liabilities | 130,091 | 167,355 | 122,396 | 108,601 | 181,017 | 163,881 | |||
| Debt | 60,000 | 7,800 | 4,800 | 4,800 | 2,600 | 2,800 | |||
| Derivative instruments and hedges, liabilities | 7,230 | ||||||||
| Asset retirement obligation | 141 | ||||||||
| Other liabilities | 15,381 | 15,937 | |||||||
| Other undisclosed current liabilities | 43,259 | 27,618 | 68,413 | 69,119 | 23,288 | 20,861 | |||
| Total current liabilities: | 279,748 | 233,215 | 260,811 | 241,639 | 222,286 | 210,709 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 587,444 | 585,807 | 581,391 | 589,593 | 575,684 | 595,861 | |||
| Long-term debt, excluding current maturities | 589,593 | ||||||||
| Other undisclosed long-term debt and lease obligation | 587,444 | 585,807 | 581,391 | 575,684 | 595,861 | ||||
| Liabilities, other than long-term debt | 114,778 | 97,217 | 77,855 | 70,375 | 65,959 | 63,036 | |||
| Asset retirement obligations | 70,712 | 66,845 | 65,159 | 63,358 | 58,657 | 56,783 | |||
| Deferred income tax liabilities | 35,011 | 22,241 | 5,377 | 28 | |||||
| Other liabilities | 9,055 | 8,131 | 7,319 | 6,989 | 7,302 | 6,253 | |||
| Other undisclosed noncurrent liabilities | 9,525 | 5,708 | 8,592 | 16,437 | 17,826 | 14,872 | |||
| Total noncurrent liabilities: | 711,747 | 688,732 | 667,838 | 676,405 | 659,469 | 673,769 | |||
| Total liabilities: | 991,495 | 921,947 | 928,649 | 918,044 | 881,755 | 884,478 | |||
| Equity | |||||||||
| Equity, attributable to parent | 394,540 | 387,418 | 397,767 | 417,566 | 396,600 | 371,666 | |||
| Common stock | 10,237 | 10,237 | 10,272 | 10,272 | 10,272 | 10,272 | |||
| Treasury stock, value | (38,035) | (27,317) | (14,365) | ||||||
| Additional paid in capital | 1,255,044 | 1,254,449 | 1,291,973 | 1,291,354 | 1,290,711 | 1,290,075 | |||
| Accumulated deficit | (870,741) | (877,268) | (866,443) | (856,743) | (890,018) | (928,681) | |||
| Total equity: | 394,540 | 387,418 | 397,767 | 417,566 | 396,600 | 371,666 | |||
| TOTAL LIABILITIES AND EQUITY: | 1,386,035 | 1,309,365 | 1,326,416 | 1,335,610 | 1,278,355 | 1,256,144 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 179,921 | 157,902 | 144,190 | 162,637 | 168,397 | 205,785 | ||
| Cost of revenue | (73,727) | (77,285) | (67,710) | (69,647) | (58,049) | (64,817) | ||
| Gross profit: | 106,194 | 80,617 | 76,480 | 92,990 | 110,348 | 140,968 | ||
| Operating expenses | (59,605) | (58,357) | (54,065) | (56,790) | (49,951) | (49,330) | ||
| Operating income: | 46,589 | 22,260 | 22,415 | 36,200 | 60,397 | 91,638 | ||
| Nonoperating expense | (1,717) | (4,707) | (1,702) | (2,085) | (1,489) | (7,894) | ||
| Investment income, nonoperating | 7 | (5,172) | ||||||
| Loss, foreign currency transaction, before tax | (1,717) | (4,707) | (1,702) | (2,092) | (1,489) | (2,722) | ||
| Interest and debt expense | (13,503) | (12,678) | (10,746) | (13,348) | (8,823) | (12,194) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 31,369 | 4,875 | 9,967 | 20,767 | 50,085 | 71,550 | ||
| Other undisclosed income from continuing operations before income taxes | 15,491 | 18,032 | 13,216 | 18,474 | 10,312 | 20,088 | ||
| Income from continuing operations before income taxes: | 46,860 | 22,907 | 23,183 | 39,241 | 60,397 | 91,638 | ||
| Income tax expense | (40,333) | (33,732) | (32,883) | (5,966) | (21,734) | (38,666) | ||
| Income (loss) from continuing operations: | 6,527 | (10,825) | (9,700) | 33,275 | 38,663 | 52,972 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | ✕ | 38,663 | 52,972 | |
| Net income (loss) available to common stockholders, diluted: | 6,527 | (10,825) | (9,700) | 33,275 | 38,663 | 52,972 | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 6,527 | (10,825) | (9,700) | 33,275 | 38,663 | 52,972 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 6,527 | (10,825) | (9,700) | 33,275 | 38,663 | 52,972 | ||
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.