Gran Tierra Energy Inc. Provides Operations Update and Certain Preliminary Unaudited 2025 Financial Data

Core Viewpoint - Gran Tierra Energy Inc. has reported significant operational achievements, including record production levels and successful exploration commitments in Ecuador, alongside preliminary financial estimates for 2025, indicating a strong operational performance and growth potential for the company [1][3][4]. Production Achievements - The company achieved an average production of 48,235 boepd in December 2025, marking the highest monthly average in its history [3][4]. - In Ecuador, Gran Tierra reached a daily production rate of 10,000 bopd during the fourth quarter of 2025, with current production rates around 8,800 bopd [4]. - The Conejo wells (A-1 and A-2) continue to produce approximately 2,700 bopd, with individual IP60 rates of 1,921 bopd and 1,317 bopd respectively [4]. Exploration and Development - All exploration commitments in Ecuador have been fulfilled, highlighted by successful discoveries at Conejo, contributing to a combined IP60 rate of approximately 3,238 bopd [4]. - Multiple Field Development Plans (FDPs) have been approved, including the Iguana FDP in Q1 2026 and the Chanangue FDP in Q3 2025, with additional FDPs under review [4]. - The company is advancing its waterflood development program, with a successful injectivity test completed in the Chanangue field, and plans for further injector conversions in 2026 [4]. Financial Estimates - Preliminary unaudited financial data for the year ended December 31, 2025, estimates net debt at approximately $657 million, with capital expenditures ranging from $250 million to $270 million [7]. - Estimated revenue is projected between $590 million to $610 million, with gross profit expected to be in the range of $65 million to $75 million [7]. - Adjusted EBITDA for 2025 is estimated to be between $270 million to $290 million, reflecting strong operational performance despite challenges [7]. Operational Highlights - At Cohembi North, gross production increased to approximately 9,100 bopd, driven by successful drilling and a robust waterflood program [4]. - In Canada, Gran Tierra's Simonette asset continues to show strong performance, with new wells meeting or exceeding expectations, supporting stable production and cash flow [5]. - The company plans to drill four gross development wells in Cohembi during the first half of 2026, enhancing future production capabilities [4].