Gran Tierra Energy’s Q4 Production Rises 13% to 46,344 BOEPD, EBITDA Hits $284M
Gran Tierra Energy posted 46,344 BOEPD fourth-quarter average working interest production, a 13% year-over-year rise, and 2025 adjusted EBITDA of $284 million alongside net operating cash of $313 million, up 31%. The company completed a 9.500% bond exchange with 88% participation and reduced capital commitments in Ecuador and Colombia, boosting liquidity.
1. Production and Financial Performance
Gran Tierra achieved average working interest production of 46,344 BOEPD in Q4, up 13% year-over-year, and 45,709 BOEPD for 2025, a 32% increase from 2024. The company generated $284 million in adjusted EBITDA, $313 million in operating cash — 31% higher than 2024 — and $178 million in funds flow from operations.
2. Capital Structure and Liquidity Improvements
Gran Tierra exchanged 88% of its 9.500% senior secured notes due 2029, extending debt maturities and reducing outstanding bond debt. Subsequent asset sales and a prepayment facility, along with completed Field Development Plans in Ecuador and streamlined commitments in Colombia, reduced letters of credit and boosted liquidity.
3. 2026 Suroriente Drilling Campaign
The Raju-2 well on the Suroriente Block is producing approximately 790 barrels of oil per day, surpassing initial 30-day expectations and delineating the northern Cohembi field. Three remaining capital carry wells are expected to complete drilling by mid-2026, offering further production upside.