Gran Tierra Energy Agrees To Sell Colombia And Ecuador Business To Maurel & Prom For $1.33B Total Consideration

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.

Gran Tierra Energy shares are trading higher after the company reported mixed Q2 financial results and announced the sale of its Colombia and Ecuador operations to Maurel & Prom for $1.33 billion.

Why Is Gran Tierra Energy Stock Soaring Wednesday?

Gran Tierra Energy stock soars premarket after reporting Q2 revenue beat and a $1.33B South American oil asset sale.

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