NYSE$GTE
Gran Tierra Energy Inc · Q4 2020 earnings
Q4 2020 earnings · · Investor relations
Briefing
Gran Tierra experienced a net loss but maintained cost discipline and progressed operational activities.
Gran Tierra Energy Inc. announced its Q4 and year-end results for 2020, highlighting operational resilience amidst the COVID-19 pandemic and oil price crash. The company achieved significant cost reductions and reserves replacement.
- Realized 100% 1P and 133% PDP Reserves Replacement.
- Achieved 2020 Production of 22,624 bopd.
- Reduced Annual Operating and G&A Costs by $92 Million.
- Restarted development drilling at Acordionero.
Headline financials
Revenue & EPS history
Gran Tierra · Revenue · Quarterly
$64.8M
Forward guidance
Gran Tierra provided its forecasted ranges for the 2021 budget, including production, operating netback, EBITDA, cash flow, and capital expenditures, based on various Brent oil price scenarios.
Tailwinds
- Annual Average Brent Oil Price ($/bbl): Low Case: $44.00, Base Case: $49.00, High Case: $56.00
- Total Company Production (bopd): Low Case: 27,500-29,500, Base Case: 28,000-30,000, High Case: 28,000-30,000
- Operating Netback5 ($ million): Low Case: 180-200, Base Case: 220-240, High Case: 270-290
- EBITDA5 ($ million): Low Case: 165-185, Base Case: 200-220, High Case: 240-260
- Cash Flow6 ($ million): Low Case: 115-135, Base Case: 150-170, High Case: 190-210
Headwinds
- Total Capital ($ million): Low Case: 120-140, Base Case: 130-150, High Case: 130-150
- Bank Credit Facility Balance @ December 31, 2021 ($ million): Low Case: 155-175, Base Case: 125-145, High Case: 75-95
- 2021 Year-End Net Debt8 to Annualized Fourth Quarter 2021 EBITDA5: Low Case: 3.6-3.8, Base Case: 2.7-2.9, High Case: 2.0-2.2
- Number of Development Wells (gross): Low Case: 12-16, Base Case: 14-18, High Case: 14-18
- Downside price protection due to oil hedges.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q4 2020
-0.0%
Avg return
Earnings day
-1.4%
Avg return
5 days after
+0.2%
Avg return
30 days after
49%
33 / 68 earnings
Positive
+11.8%
Q3 2020
Best reaction
-19.0%
Q4 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.2% | +5.5% | — | |
| Q4 2025 | +4.7% | +19.3% | +29.6% | |
| Q3 2025 | +2.6% | +25.7% | +35.9% | |
| Q1 2025 | +0.7% | -4.6% | +10.4% | |
| Q4 2024 | -12.5% | -18.9% | -10.8% | |
| Q3 2024 | +3.9% | +3.6% | +7.0% | |
| Q2 2024 | -2.2% | -12.9% | -16.0% | |
| Q1 2024 | +0.7% | +2.8% | +7.6% | |
| Q4 2023 | +4.7% | +3.6% | +26.2% | |
| Q3 2023 | +7.2% | +14.3% | +4.4% | |
| Q2 2023 | -7.1% | -3.8% | -9.4% | |
| Q1 2023 | -17.4% | -22.1% | -34.0% | |
| Q4 2022 | +4.8% | +3.6% | -10.8% | |
| Q3 2022 | -6.7% | -2.2% | -14.8% | |
| Q2 2022 | -0.8% | +6.7% | +10.1% | |
| Q1 2022 | +5.0% | +1.9% | +14.5% | |
| Q4 2021 | +4.8% | +9.5% | +30.2% | |
| Q3 2021 | +0.1% | -5.4% | -28.3% | |
| Q2 2021 | -7.3% | -6.7% | -6.7% | |
| Q1 2021 | +11.0% | +8.5% | +6.5% | |
| Q4 2020 | -0.2% | -24.2% | -28.3% | |
| Q3 2020 | +11.8% | +5.3% | +52.6% | |
| Q2 2020 | -2.0% | -6.3% | -15.6% | |
| Q1 2020 | -7.3% | -20.0% | +66.7% | |
| Q4 2019 | -19.0% | -19.3% | -70.5% | |
| Q3 2019 | -9.9% | -13.2% | -19.0% | |
| Q2 2019 | +2.1% | -3.4% | -8.3% | |
| Q1 2019 | -3.9% | -6.1% | -14.9% | |
| Q4 2018 | -0.9% | +4.8% | -0.4% | |
| Q3 2018 | -3.3% | -7.2% | -12.5% | |
| Q2 2018 | +0.6% | +2.7% | +3.3% | |
| Q1 2018 | +2.4% | +0.3% | -1.2% | |
| Q4 2017 | -7.1% | -5.9% | +3.7% | |
| Q3 2017 | -1.8% | +0.4% | +2.7% | |
| Q2 2017 | -3.4% | -3.8% | -12.8% | |
| Q1 2017 | -8.0% | +0.0% | -7.6% | |
| Q4 2016 | -4.1% | -0.7% | -1.5% | |
| Q3 2016 | +11.2% | +8.6% | +10.9% | |
| Q2 2016 | +5.5% | +6.3% | +9.2% | |
| Q1 2016 | -0.7% | — | — | |
| Q4 2015 | +11.3% | — | — | |
| Q3 2015 | +5.8% | — | — | |
| Q2 2015 | +2.7% | — | — | |
| Q1 2015 | -3.6% | — | — | |
| Q4 2014 | +0.0% | — | — | |
| Q3 2014 | +8.5% | — | — | |
| Q2 2014 | -2.7% | — | — | |
| Q1 2014 | +2.8% | — | — | |
| Q4 2013 | -6.8% | — | — | |
| Q3 2013 | -5.9% | — | — | |
| Q2 2013 | +2.7% | — | — | |
| Q1 2013 | +1.3% | — | — | |
| Q4 2012 | -2.0% | — | — | |
| Q3 2012 | +8.8% | — | — | |
| Q2 2012 | +7.8% | — | — | |
| Q1 2012 | -3.0% | — | — | |
| Q4 2008 | +0.0% | — | — | |
| Q4 2011 | +0.0% | — | — | |
| Q3 2011 | +0.6% | — | — | |
| Q2 2011 | +4.7% | — | — | |
| Q4 2010 | +4.7% | — | — | |
| Q1 2011 | +4.9% | — | — | |
| Q1 2010 | +4.9% | — | — | |
| Q3 2010 | -3.2% | — | — | |
| Q3 2009 | -3.2% | — | — | |
| Q2 2010 | -0.5% | — | — | |
| Q4 2009 | -0.5% | — | — | |
| Q2 2009 | -0.5% | — | — |
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