Gran Tierra Energy Inc. has released its financial and operating results for the quarter ending June 30, 2025. The company reported a net loss of $13 million, which is an improvement compared to a net loss of $19 million in the previous quarter. However, this contrasts with a net income of $36 million recorded in the second quarter of 2024. Adjusted EBITDA for the quarter was reported at $77 million, down from $85 million in the prior quarter and $103 million in the same period last year. Funds flow from operations increased by 17% from the second quarter of 2024 to $54 million, though it was a 3% decrease from the previous quarter. Gran Tierra's production reached record levels this quarter, attributed to the strength of its diversified portfolio and consistent operational execution. The company has also expanded its operations into Canada with the acquisition of i3 Energy, completed on October 31, 2024. This marks a significant step in its business expansion; however, no comparative data is available for the corresponding periods of 2024 due to this acquisition.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.