Gran Tierra Energy: 4Q Earnings Snapshot

Associated Press
·1 min read

CALGARY, Alberta (AP) _ Gran Tierra Energy Inc. (GTE) on Wednesday reported a fourth-quarter loss of $47.9 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Calgary, Alberta-based company said it had a loss of 13 cents. Losses, adjusted for asset impairment costs, came to 1 cent per share.

The oil and natural gas company posted revenue of $64.8 million in the period.

For the year, the company reported a loss of $778 million, or $2.12 per share, swinging to a loss in the period. Revenue was reported as $237.8 million.

The company's shares closed at 99 cents. A year ago, they were trading at 89 cents.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GTE at https://www.zacks.com/ap/GTE

  • Up next
  • Up next
  • Up next
  • Up next

Latest Stories

  • Factbox-Who are the mega-rich donors backing Trump?

    A handful of mega-rich donors have emerged as key backers of Republican presidential candidate Donald Trump, collectively donating more than $50 million to support his candidacy against Democratic incumbent Joe Biden. With Trump's small dollar donations slowing and some major Republican benefactors snubbing him, a clutch of prominent wealthy Americans have become crucial to bankrolling his candidacy. Timothy Mellon, an 81-year-old heir of the Pittsburgh-based Mellon banking family, has given the pro-Trump super PAC known as MAGA Inc at least $16.5 million since 2022.

  • Egypt sends delegation to Israel in hopes of brokering a cease-fire between Israel and Hamas

    Egypt sent a high-level delegation to Israel on Friday with the hope of brokering a cease-fire agreement with Hamas in Gaza, two officials said. At the same time, it warned that a possible Israeli offensive focused on Gaza's city of Rafah on the border with Egypt could have catastrophic consequences to regional stability. Egypt's top intelligence official, Abbas Kamel, is leading the delegation and plans to discuss with Israel a “new vision” for a prolonged cease-fire in Gaza, an Egyptian official said, speaking on condition of anonymity to discuss the mission freely.

  • Q1 2024 VeriSign, Inc Earnings Call

    Q1 2024 VeriSign, Inc Earnings Call

  • Analysis-Trump election subversion case bogs down as allies' legal woes grow

    Donald Trump got another break when the U.S. Supreme Court signaled some support for his immunity claim, even as more of his allies faced prosecution for the former president's attempts to overturn his 2020 election loss. Trump, seeking to regain the presidency this year, has managed to delay three of the four criminal cases against him. At the same time, the legal peril has ramped up for Trump associates and supporters who stand accused of aiding his attempt to hold onto power after his defeat.

  • FOREX-Japanese yen slides back towards 34-year low after brief spike

    The yen fell on Friday and was trading around its weakest level in three decades, having briefly spiked against the dollar, with markets on edge about possible intervention after the Bank of Japan kept interest rates on hold on Friday. In a volatile trading day, the yen was last down 0.66% at 156.67, after briefly jumping to 154.97, having hit minutes earlier its lowest level of 156.82 per dollar since 1990. The yen also briefly rallied against other major currencies but last traded near its weakest level in almost 16 years against the euro, at 168.23, and its softest in 11 years against the Australian dollar.

  • Futures climb as Alphabet, Microsoft results lift megacaps

    Alphabet jumped 11.5% in premarket trading after the Google-parent announced its first-ever dividend, a $70 billion stock buyback and beat estimates for first-quarter results. Lifting sentiment further, Microsoft gained 4% on beating Wall Street estimates for third-quarter revenue and profit, driven by gains from AI adoption across its cloud services. Other growth stocks also rose on the results, with Amazon.com and Nvidia up 3.1% and 1.3%, respectively.

  • Moody Blues founder Mike Pinder remembered as ‘great cosmic philosopher’

    Former band member John Lodge announced that Pinder died on Wednesday.

  • Why BYD's EV exports sell for twice the China price

    U.S. and European politicians have raised alarms that their domestic auto industries could be destroyed by a wave of cheap Chinese electric vehicles. The goal: to rake in hefty profit margins the automaker can’t get in China amid fierce competition. In some foreign showrooms, BYD charges more than double — sometimes nearly triple — the price it gets for three key models in China, according to a Reuters review of the automaker’s pricing in five of its biggest export markets.

  • Bevy of defensive playmakers are available in Round 2 of the NFL draft after historic offensive run

    The unprecedented run on quarterbacks, wide receivers and pass protectors in the NFL draft 's opening round pushed plenty of studly defenders down the board and allowed some of the top teams to select players who normally wouldn't fall to them. It also shoved plenty of first-round worthy defenders into the second round Friday, led by Cooper DeJean, the Iowa cornerback who broke his lower leg in November but has been cleared to return to football activities. DeJean is one of the best ballhawks in

  • Q1 2024 Southwest Airlines Co Earnings Call

    Q1 2024 Southwest Airlines Co Earnings Call

  • Meta's AI spending tests Facebook's growth-first playbook

    Zuckerberg's track record of making money only after achieving a kind of critical mass is a harder sell for AI.

  • ‘People think I hate pop’: super-producer AG Cook on working with Beyoncé and honouring his friend Sophie

    As the boss of PC Music, the godfather of hyperpop confounded critics but won over Beyoncé and Charli XCX. Now, with a supersized new solo album, he’s continuing his mission to make pop more unpredictable

  • Houseplant of the week: emerald ripple rosso

    Adding a touch of red to all that green will energise your houseplant collection

  • Resist the urge to fill all gaps in your borders, but if you must, sow hardy annuals

    Raid the garden centre for established plants – or better yet, sow your own into trays or pots for a riot of colour by summer

  • Maggie Alphonsi: Investment in grassroots rugby is the future of the women’s game

    England legend Maggie Alphonsi believes investment in grassroots rugby is the future of the women’s game ahead of the inaugural women's Lions Tour

  • US STOCKS-Futures climb as Alphabet, Microsoft results lift megacaps

    U.S. stock index futures advanced on Friday as megacap growth shares rebounded on the back of robust quarterly results from Alphabet and Microsoft, while investors awaited a key inflation print that could help shape U.S. monetary policy. Alphabet jumped 11.5% in premarket trading after the Google-parent announced its first-ever dividend, a $70 billion stock buyback and beat estimates for first-quarter results.

  • South Korean police raid office of incoming head of doctors' group over protracted strikes

    South Korean police said Friday they searched the office of the hard-line incoming leader of an association of doctors and confiscated his mobile phone as he faces accusations that he incited the protracted walkouts by thousands of medical interns and residents. The office of Lim Hyun-taek, who is to be inaugurated as head of the Korean Medical Association next week, called the raid politically motivated and questioned whether the government is sincere about its offer for dialogue to end the strikes. Police said they sent officers to Lim's office in Seoul and residence in the southern city of Asan on Friday to confiscate his mobile phone and other unspecified materials.

  • American Magic Just Unveiled Its Sleek New America’s Cup Race Boat

    The AC75 foiler hit the waters of Barcelona for testing ahead of the upcoming Preliminary Regatta.

  • RPT-As demand for US LNG booms, one plant struggles to stay online

    The second-largest U.S. liquefied natural gas (LNG) export facility has been running below 80% of its capacity due to technical problems, data from financial firm LSEG showed, denting U.S. exports. Since Jan. 15, Freeport LNG's Quintana, Texas, liquefaction plant has been operating without at least one of its three gas-processing trains. On Thursday, it took in 61 million cubic feet (mcf) of gas, compared to its capacity for 2.2 billion cubic feet per day (bcfd), LSEG data showed.

  • Comedy, music, horses: Best things to do in and around Lexington this weekend

    Looking for something to do? Lexington has everything from farmers markets to birding.