Gran Historical Income Statement

GTE Stock

CAD 8.93 0.13 1.48%

Historical analysis of Gran Tierra income statement accounts such as Selling General Administrative of 38 M or Total Revenue of 433.5 M can show how well Gran Tierra Energy performed in making a profits. Evaluating Gran Tierra income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Gran Tierra's future profits or losses.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining Gran Tierra Energy latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Gran Tierra Energy is a good buy for the upcoming year.

Net Income Gross Profit

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gran Tierra Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

About Gran Income Statement Analysis

Gran Tierra Energy Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Gran Tierra shareholders. The income statement also shows Gran investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Gran Tierra Income Statement Chart

At this time, Gran Tierra's Interest Expense is very stable compared to the past year. As of the 24th of November 2024, Income Before Tax is likely to grow to about 111.5 M, while Depreciation And Amortization is likely to drop about 176 M.

Selling General Administrative Total Revenue Gross Profit Other Operating Expenses

Total Revenue

Total revenue comprises all receipts Gran Tierra Energy generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Gran Tierra Energy minus its cost of goods sold. It is profit before Gran Tierra operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Gran Tierra Energy. It is also known as Gran Tierra overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Most accounts from Gran Tierra's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Gran Tierra Energy current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gran Tierra Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

	2021	2022	2023	2024 (projected)
Gross Profit	333.8M	531.1M	421.4M	277.7M
Total Revenue	473.7M	711.4M	637.0M	433.5M

Gross Profit Total Revenue

Gran Tierra income statement Correlations

	Depreciation And Amortization	Interest Expense	Selling General Administrative	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Discontinued Operations	Net Income From Continuing Ops	Non Recurring	Tax Provision	Interest Income	Net Interest Income	Reconciled Depreciation	Extraordinary Items
Depreciation And Amortization		-0.1	0.68	0.62	0.2	0.92	0.02	-0.07	0.55	0.92	0.51	0.19	0.25	0.06	0.46	0.15	-0.01	0.03	-0.04	0.06	0.09	0.05	0.04
Interest Expense	-0.1		-0.16	0.16	0.2	0.12	0.11	-0.03	-0.09	-0.01	0.28	-0.07	-0.14	-0.1	0.05	0.54	-0.2	-0.75	0.7	-0.33	-0.99	0.74	0.49
Selling General Administrative	0.68	-0.16		0.83	0.7	0.74	0.57	0.46	0.8	0.5	0.78	0.48	0.37	0.41	0.57	-0.2	0.33	0.05	0.03	0.14	0.16	-0.06	0.1
Total Revenue	0.62	0.16	0.83		0.88	0.8	0.76	0.56	0.85	0.54	0.85	0.65	0.5	0.58	0.69	-0.01	0.47	-0.3	0.39	-0.02	-0.14	0.33	0.17
Gross Profit	0.2	0.2	0.7	0.88		0.43	0.95	0.76	0.76	0.06	0.81	0.71	0.49	0.7	0.61	-0.19	0.62	-0.34	0.46	-0.04	-0.18	0.32	0.17
Other Operating Expenses	0.92	0.12	0.74	0.8	0.43		0.22	0.12	0.67	0.9	0.72	0.25	0.24	0.14	0.46	0.29	0.02	-0.15	0.19	0.02	-0.1	0.28	0.16
Operating Income	0.02	0.11	0.57	0.76	0.95	0.22		0.78	0.67	-0.08	0.59	0.78	0.55	0.79	0.62	-0.34	0.74	-0.3	0.42	-0.05	-0.1	0.21	0.11
Ebit	-0.07	-0.03	0.46	0.56	0.76	0.12	0.78		0.79	-0.16	0.5	0.59	0.41	0.66	0.34	-0.24	0.59	-0.15	0.3	-0.02	0.02	0.1	0.06
Ebitda	0.55	-0.09	0.8	0.85	0.76	0.67	0.67	0.79		0.44	0.73	0.61	0.49	0.58	0.57	-0.11	0.49	-0.11	0.23	0.02	0.08	0.11	0.08
Cost Of Revenue	0.92	-0.01	0.5	0.54	0.06	0.9	-0.08	-0.16	0.44		0.33	0.1	0.18	-0.03	0.36	0.31	-0.1	-0.02	0.02	0.03	0.02	0.12	0.05
Total Operating Expenses	0.51	0.28	0.78	0.85	0.81	0.72	0.59	0.5	0.73	0.33		0.38	0.23	0.33	0.42	0.14	0.2	-0.29	0.38	0.0	-0.25	0.42	0.25
Income Before Tax	0.19	-0.07	0.48	0.65	0.71	0.25	0.78	0.59	0.61	0.1	0.38		0.95	0.98	0.85	-0.41	0.96	-0.32	0.45	0.04	0.05	0.19	0.16
Total Other Income Expense Net	0.25	-0.14	0.37	0.5	0.49	0.24	0.55	0.41	0.49	0.18	0.23	0.95		0.92	0.83	-0.36	0.92	-0.28	0.41	0.09	0.12	0.17	0.19
Net Income	0.06	-0.1	0.41	0.58	0.7	0.14	0.79	0.66	0.58	-0.03	0.33	0.98	0.92		0.72	-0.41	0.98	-0.25	0.4	0.04	0.09	0.15	0.1
Income Tax Expense	0.46	0.05	0.57	0.69	0.61	0.46	0.62	0.34	0.57	0.36	0.42	0.85	0.83	0.72		-0.34	0.7	-0.45	0.49	0.0	-0.08	0.26	0.3
Discontinued Operations	0.15	0.54	-0.2	-0.01	-0.19	0.29	-0.34	-0.24	-0.11	0.31	0.14	-0.41	-0.36	-0.41	-0.34		-0.53	-0.34	0.41	-0.13	-0.47	0.41	0.11
Net Income From Continuing Ops	-0.01	-0.2	0.33	0.47	0.62	0.02	0.74	0.59	0.49	-0.1	0.2	0.96	0.92	0.98	0.7	-0.53		-0.17	0.3	0.05	0.17	0.06	0.05
Non Recurring	0.03	-0.75	0.05	-0.3	-0.34	-0.15	-0.3	-0.15	-0.11	-0.02	-0.29	-0.32	-0.28	-0.25	-0.45	-0.34	-0.17		-0.85	0.43	0.73	-0.65	-0.31
Tax Provision	-0.04	0.7	0.03	0.39	0.46	0.19	0.42	0.3	0.23	0.02	0.38	0.45	0.41	0.4	0.49	0.41	0.3	-0.85		-0.07	-0.66	0.78	0.54
Interest Income	0.06	-0.33	0.14	-0.02	-0.04	0.02	-0.05	-0.02	0.02	0.03	0.0	0.04	0.09	0.04	0.0	-0.13	0.05	0.43	-0.07		0.36	0.07	0.41
Net Interest Income	0.09	-0.99	0.16	-0.14	-0.18	-0.1	-0.1	0.02	0.08	0.02	-0.25	0.05	0.12	0.09	-0.08	-0.47	0.17	0.73	-0.66	0.36		-0.72	-0.52
Reconciled Depreciation	0.05	0.74	-0.06	0.33	0.32	0.28	0.21	0.1	0.11	0.12	0.42	0.19	0.17	0.15	0.26	0.41	0.06	-0.65	0.78	0.07	-0.72		0.56
Extraordinary Items	0.04	0.49	0.1	0.17	0.17	0.16	0.11	0.06	0.08	0.05	0.25	0.16	0.19	0.1	0.3	0.11	0.05	-0.31	0.54	0.41	-0.52	0.56

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Gran Tierra Account Relationship Matchups

Gran Tierra income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	225.0M	164.2M	139.9M	180.3M	215.6M	176.0M
Interest Expense	39.9M	50.5M	50.6M	43.0M	50.0M	52.5M
Selling General Administrative	34.7M	23.7M	36.3M	41.0M	45.8M	38.0M
Total Revenue	571.0M	237.8M	473.7M	711.4M	637.0M	433.5M
Gross Profit	346.0M	73.6M	333.8M	531.1M	421.4M	277.7M
Other Operating Expenses	463.4M	313.1M	323.5M	393.8M	462.8M	331.8M
Operating Income	92.1M	(79.0M)	146.4M	317.1M	168.0M	99.5M
Ebit	92.1M	(79.0M)	146.4M	317.1M	168.0M	118.1M
Ebitda	317.1M	85.3M	286.3M	497.4M	383.6M	294.1M
Cost Of Revenue	225.0M	164.2M	139.9M	180.3M	215.6M	155.8M
Total Operating Expenses	238.3M	148.8M	183.6M	213.5M	247.3M	176.0M
Income Before Tax	96.0M	(853.4M)	23.1M	244.9M	106.2M	111.5M
Total Other Income Expense Net	3.9M	(774.4M)	(123.3M)	(72.1M)	(14.1M)	(14.8M)
Net Income	38.7M	(778.0M)	42.5M	139.0M	(6.3M)	(6.6M)
Income Tax Expense	57.3M	(75.4M)	(19.3M)	105.9M	112.4M	118.1M
Net Income From Continuing Ops	38.7M	(778.0M)	42.5M	139.0M	(6.3M)	(6.6M)
Net Income Applicable To Common Shares	38.7M	(778.0M)	42.5M	139.0M	159.9M	167.9M
Tax Provision	57.3M	(75.4M)	(19.3M)	105.9M	112.4M	118.1M
Interest Income	696K	345K	0.0	443K	2.0M	2.1M
Net Interest Income	(42.6M)	(53.8M)	(54.4M)	(46.1M)	(53.8M)	(56.5M)
Reconciled Depreciation	225.0M	164.2M	139.9M	180.3M	215.6M	197.1M

Pair Trading with Gran Tierra

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Gran Tierra position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Gran Tierra will appreciate offsetting losses from the drop in the long position's value.

Moving against Gran Stock

0.6	PIC-A	Premium Income Split	Pair Corr
0.43	ENB-PFV	Enbridge Pref 5	Pair Corr
0.43	ENS	E Split Corp	Pair Corr
0.37	ENB-PFU	Enbridge Pref L	Pair Corr
0.35	SAGE	Sage Potash Corp	Pair Corr

The ability to find closely correlated positions to Gran Tierra could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gran Tierra when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Gran Tierra - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Gran Tierra Energy to buy it.

The correlation of Gran Tierra is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Gran Tierra moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gran Tierra Energy moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Gran Tierra can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Gran Tierra Energy is a strong investment it is important to analyze Gran Tierra's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Gran Tierra's future performance. For an informed investment choice regarding Gran Stock, refer to the following important reports:

How To Invest In Gran

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Is Gran Stock a good investment?

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What is Gran Tierra's Net Worth?

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Largest Oil & Gas Exploration & Production Companies

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Largest Oil & Gas E&P Companies

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You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.

Please note, there is a significant difference between Gran Tierra's value and its price as these two are different measures arrived at by different means. Investors typically determine if Gran Tierra is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Gran Tierra's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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Gran Historical Income Statement

About Gran Income Statement Analysis

Gran Tierra Income Statement Chart

Total Revenue

Gross Profit

Other Operating Expenses

Gran Tierra income statement Correlations

Gran Tierra Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Gran Tierra income statement Accounts

Pair Trading with Gran Tierra

Moving against Gran Stock

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Net Income	+ 0.98	Income Before Tax
Net Income From Continuing Ops	+ 0.98	Net Income
Net Income From Continuing Ops	+ 0.96	Income Before Tax
Operating Income	+ 0.95	Gross Profit
Total Other Income Expense Net	+ 0.95	Income Before Tax
Other Operating Expenses	+ 0.92	Depreciation And Amortization

Net Interest Income	- 0.99	Interest Expense
Tax Provision	- 0.85	Non Recurring
Non Recurring	- 0.75	Interest Expense
Reconciled Depreciation	- 0.72	Net Interest Income
Net Interest Income	- 0.66	Tax Provision
Reconciled Depreciation	- 0.65	Non Recurring