Gran Tierra Energy (GTE) Earnings: Q3 2026 Results

The quarter ended September 30, 2026 and Gran Tierra Energy published the results on November 5, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison.

• Revenue here is Gran Tierra Energy's "Oil, natural gas and NGL sales", which it reports net of royalties. It reports in thousands of dollars; figures here are converted to millions.
• On August 5, 2026 Gran Tierra Energy agreed to sell its Colombian and Ecuadorian businesses to Maurel & Prom. Stockholders approved the sale on October 9, 2026. At September 30, 2026 the businesses did not meet the held for sale criteria, so Colombia and Ecuador are still fully included in these results.

Source: Gran Tierra Energy Q3 2026 results, November 5, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How Gran Tierra Energy splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• Gran Tierra Energy's Colombia revenue was $103 million in Q3 2026, up 1% from $102 million in Q3 2025, 61% of total revenue.
• Gran Tierra Energy's Ecuador revenue was $42.1 million in Q3 2026, up 104% from $20.6 million in Q3 2025, 25% of total revenue.
• Gran Tierra Energy's Canada revenue was $22.8 million in Q3 2026, down 14% from $26.7 million in Q3 2025, 14% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP oil, natural gas and NGL sales and diluted net income (loss) per share, each as first reported in that quarter's release.

We do not hold a confirmed date for Gran Tierra Energy's next report. Companies post the date on their investor relations site a few weeks ahead, usually with the time of the conference call.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Nov 5, 2026

Gran Tierra Energy sells crude oil from Colombia and Ecuador and oil, natural gas and NGLs from Canada. In Q3 2026 Colombia brought in $103.4 million of its $168.3 million of sales, Ecuador $42.1 million and Canada $22.8 million. Crude oil was $161.5 million of the total. (Gran Tierra Energy Form 10-Q, Q3 2026, Nov 6, 2026)

Sales rose 13% from Q3 2025. Gran Tierra Energy attributed the increase to a 34% increase in the Brent price, partly offset by a 6% decrease in sales volumes and higher quality and transportation discounts in Colombia from using alternative routes for Putumayo production while the Colombia and Ecuador border remained closed. Those discounts cost about $3.7 million in the quarter. Against Q2 2026, sales fell 10%. (Gran Tierra Energy Q3 2026 release, Nov 5, 2026)

Average working interest production was 39,904 boepd, 7% lower than a year earlier, including 12,852 boepd in Canada. Gran Tierra Energy put the decline down to lower production in Colombia and the sale of the Simonette and Lodgepole areas in Canada, partly offset by wells in the Charapa and Chanangue Blocks and the Perico Block in Ecuador acquired in December 2025. Ecuador oil is priced at the average Brent price for the month before lifting, which reduced revenue before royalties by about $5 million in the quarter. (Gran Tierra Energy Q3 2026 release, Nov 5, 2026)

Gran Tierra Energy's production was sold primarily to one major customer, representing 70% of the company's sales volumes in Q3 2026, against 66% a year earlier. Its South American quality and transportation discount averaged $15.83 per bbl, up from $10.80 a year earlier. (Gran Tierra Energy Form 10-Q, Q3 2026, Nov 6, 2026; Gran Tierra Energy Q3 2026 release, Nov 5, 2026)

Gran Tierra Energy lost $42.4 million, or $1.20 per share basic and diluted, in Q3 2026, against a loss of $0.57 a year earlier. It said the loss was primarily due to non-cash stock-based compensation expense of $30 million, driven by the rise in its share price, and derivative instrument losses of $29 million, partly offset by a deferred income tax recovery of $30 million. (Gran Tierra Energy Q3 2026 release, Nov 5, 2026)

Gran Tierra Energy reports no adjusted EPS. Its non-GAAP measures are Adjusted EBITDA ($68 million, against $69 million a year earlier), funds flow from operations ($32 million, or $0.89 per share) and free cash flow (about $1 million). Per share amounts use 35,380,459 weighted average shares, basic and diluted; all options were anti-dilutive. (Gran Tierra Energy Q3 2026 release, Nov 5, 2026; Gran Tierra Energy Form 10-Q, Q3 2026, Nov 6, 2026)

The effective tax rate for the first nine months of 2026 was 19%, against 6% a year earlier, which the 10-Q attributed primarily to non-deductible foreign translation adjustments and other non-deductible expenses. During those nine months Gran Tierra Energy repurchased $24.2 million in face value of its 9.75% Senior Secured Amortizing Notes due 2031 at an 11% discount. (Gran Tierra Energy Form 10-Q, Q3 2026, Nov 6, 2026; Gran Tierra Energy Q3 2026 release, Nov 5, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Gran Tierra Energy's Q3 2026 release gives no revenue, production or earnings outlook. It focuses on the pending sale of its Colombian and Ecuadorian businesses to Maurel & Prom for total consideration of approximately $1.33 billion, including the assumption of its 2031 and 2029 notes and its oil prepayment facility, with expected net cash proceeds of approximately $315 million. It targets closing before the end of the year, subject to regulatory approvals in Colombia and Ecuador. (Gran Tierra Energy Q3 2026 release, Nov 5, 2026)

After the sale Gran Tierra Energy expects to be debt-free with businesses in Canada and Azerbaijan, where Parliament ratified its production sharing agreement with SOCAR on October 5, 2026. It plans a share repurchase funded from the proceeds, conditional on completion of the sale. For Q1 2027 it has price protection on 5,000 bbl per day with a floor of $95.00 and a ceiling of $111.00 per barrel. (Gran Tierra Energy Q3 2026 release, Nov 5, 2026)

A consensus figure is the average of the models published by the analysts who cover Gran Tierra Energy, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Gran Tierra Energy's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning GTE is on is GTE a buy or a sell?, what analysts expect next is on the GTE forecast, and what the company does is on the Gran Tierra Energy (GTE) stock page.

Every number on this page can be traced to a document Gran Tierra Energy published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.