GTE - Gran Tierra GAAP EPS of $0.17 revenue of $146.29M

Gran Tierra press release (NYSE:GTE): Q4 GAAP EPS of $0.17; FFO of $0.18. Revenue of $146.29M (+125.8% Y/Y). The Company’s operating netback of $37.76 per bbl was up 114% from the fourth quarter 2020 value of $17.67 per bbl and up 8% from the Prior Quarter’s level of $34.95 per bbl. Achieved 2021 Production of 26,507 BOPD, Up 17% from 2020. 2021 Adjusted EBITDA Increased 150% Year-Over-Year to $242 Million. 2021 Funds Flow from Operations Increased 312% Year-Over-Year to $186 Million. Generated 2021 Free Cash Flow of $37 Million, Highest Since 2012. 2022 Guidance: At an $80 per bbl Brent oil price, Gran Tierra is forecasting year end 2022 net debt to EBITDA of approximately 1 times, free cash flow of $170-190 million before exploration, and $100-120 million after exploration. The Company’s 2022 year end net debt is also expected to be less than $500 million. Total Company Production of 30,500-32,500 BOPD. Operating Netback of $470M-$490M;

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Gran Tierra GAAP EPS of $0.17, revenue of $146.29M