Gran Tierra Energy, Inc. reports a net loss of US$29 million for the quarter ended September 30, 2019

  • Nov 06, 2019 GMT
  • Team Kalkine
  • Gran Tierra Energy, Inc. (GTE) has released the financial and operating results for the quarter ended September 30, 2019.
  • The company reported a net loss for the quarter at US$29 million, while the net income for the nine months of 2019 was US$12 million.
  • Adjusted EBITDA of the company was US$68 million for the reported period and for the nine months of 2019 it stood at US$260 million.
  • In the third quarter, the company’s average production stood at 32,918 BOEPD (BOE per day). The company also reported that around 3,000 BOEPD was obstructed by temporary downtime due to ESP (electric submersible pump) replacements, facility commissioning and water injection ramp up.
  • On 6th November 2019, at the time of writing, GMT 08:07 AM, GTE shares were trading at GBX 105.00, flat against the previous day closing price.

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