Gran Tierra Energy (GTE) Cash Flow: Operating & Free Cash Flow

Gran Tierra Energy Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for Gran Tierra Energy Inc. (GTE) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Operating Activities
Net Income	-193.12	3.22	-6.29	139.03	42.48	-777.97	38.69	102.62	-31.71
Depreciation & Amortization	278.35	230.62	215.58	180.28	139.87	164.23	225.03	197.87	131.34
Deferred Income Tax	-55.61	-27.89	56.76	25.34	-23.83	-76.15	40.23	4.97	44.72
Stock Based Compensation	3.21	9.71	5.72	9.05	0.00	1.22	0.00	8.30	9.78
Change in Working Capital	141.87	16.08	-48.42	64.32	59.15	36.06	-93.87	-21.42	-29.22
Change in Accounts Receivable	5.18	0.95	-1.63	2.35	-5.69	27.61	0.00	0.00	0.00
Change in Inventory	0.00	0.00	0.00	-4.17	-2.38	-2.63	-3.18	-2.13	-0.08
Change in Accounts Payable	0.00	0.67	-1.28	-5.79	48.21	-47.19	0.00	0.00	0.00
Change in Other Working Capital	9.87	12.11	9.72	-18.57	19.02	2.02	-90.70	-19.29	-29.14
Other Operating Activities	9.87	12.11	9.72	31.51	27.15	-61.22	-32.41	-7.82	64.74
Net Cash from Operating Activities	313.25	239.32	227.99	427.71	244.83	81.07	177.67	284.51	189.64
Investing Activities
Capital Expenditures	-280.34	-234.24	-226.58	-236.60	-149.88	-96.28	-457.09	-400.29	-285.45
Acquisitions	0.00	-162.65	0.00	0.00	0.00	0.00	0.00	0.00	32.97
Purchases of Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-11.00
Sales/Maturities of Investments	0.00	0.00	0.00	0.00	43.13	0.00	0.00	0.00	0.00
Other Investing Activities	7.88	13.87	-7.70	26.27	1.43	-48.64	-7.85	17.70	19.68
Net Cash from Investing Activities	-272.46	-352.51	-226.58	-210.33	-105.32	-144.92	-464.94	-382.59	-243.80
Financing Activities
Debt Repayment	-172.98	-49.66	-86.97	-85.08	-122.73	71.33	282.63	139.69	57.04
Common Stock Issued	0.05	0.37	0.01	1.30	0.10	0.00	0.00	1.43	0.00
Common Stock Repurchased	-3.47	-15.31	-17.30	-27.32	0.00	0.00	-37.56	-12.74	-17.92
Other Financing Activities	-11.18	-13.30	-13.35	-2.23	-2.18	-0.88	0.00	0.00	0.00
Net Cash from Financing Activities	-59.84	156.87	-69.60	-113.32	-124.81	70.45	245.07	128.38	39.13
Summary
Effect of Forex Changes on Cash	0.39	-3.39	5.87	-2.54	-2.32	-1.31	-1.29	-2.10	5.65
Net Change in Cash	-18.67	40.30	-62.32	101.95	12.39	6.45	-43.49	28.20	-9.38
Cash at Beginning of Period	111.34	71.04	133.36	26.50	14.11	8.82	52.31	24.11	33.50
Cash at End of Period	92.67	111.34	71.04	128.01	26.50	14.11	8.82	52.31	24.11
Free Cash Flow	32.91	5.09	1.41	191.11	94.96	-15.21	-279.42	-115.78	-95.81
Supplemental Disclosures
Interest Paid	74.39	60.65	43.76	43.36	50.11	50.21	-	-	-
Income Taxes Paid	36.11	62.20	101.72	37.05	36.35	14.61	-	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Gran Tierra Energy Cash Flow

What is Gran Tierra Energy's free cash flow?

Gran Tierra Energy generated free cash flow of $32.91M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of $313.25M minus $280.34M of capital expenditures. That was up 547.2% from $5.08M a year earlier. Free cash flow equaled 5.5% of revenue.

How much does Gran Tierra Energy spend on capital expenditures?

Gran Tierra Energy spent $280.34M on capital expenditures in fiscal 2025, compared with $234.24M a year earlier. That equals 89.5% of operating cash flow.

Does Gran Tierra Energy pay dividends or buy back shares?

Yes. In fiscal 2025 Gran Tierra Energy returned $3.47M in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition