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.

Gran Tierra Energy Reveals Ratification Of its Onshore Exploration, Development And Production Sharing Agreement in Azerbaijan

Everpure, Fervo Energy, Charles River Laboratories And Other Big Stocks Moving Higher On Thursday

Nasdaq fell 150+ points, while Everpure jumped 14% after unveiling growth plans and a FY2028 outlook; other stocks also gained.

Gran Tierra Energy Inc. Announces Consent Solicitation for Senior Secured Amortizing Notes due 2031

Gran Tierra Energy Inc. is conducting a consent solicitation from holders of its 9.750% Senior Secured Amortizing Notes due 2031 to approve amendments to the indenture related to its previously announced sale of Colombia and Ecuador operations to Maurel & Prom for $1.33 billion. The proposed amendments would enable the note assumption by the purchaser, update accounting standards, and classify certain acquisitions as permitted investments. Consenting noteholders will receive $2.50 per $1,000 in principal amount upon closing of the sale.

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.