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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.

Aug 5, 2026, 12:28 PMBenzinga Newsdesk
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Aug 5, 2026, 12:28 PM
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  1. Aug 6, 2026, 2:09 AMMotley Fool Transcribing

    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.

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