Gran Tierra Energy posts loss of $45 million in 1st quarter

CALGARY – CALGARY, Alberta (AP) _ Gran Tierra Energy Inc. (GTE) on Wednesday reported a loss of $45 million in its first quarter.

The Calgary, Alberta-based company said it had a loss of 15 cents per share. Losses, adjusted for gains related to mergers and acquisitions, came to 19 cents per share.

The oil and natural gas company posted revenue of $57.4 million in the period.

The company’s shares closed at $2.72. A year ago, they were trading at $3.81.


This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on GTE at


Keywords: Gran Tierra Energy, Earnings Report