11:44 AM EST, 02/24/2025 (MT Newswires) -- (Updates shares.)

Gran Tierra Energy ( GTE ) on Monday said it swung to a loss in the fourth quarter on lower sales.

The company posted a loss of US$34.2 million, or US$1.04 per share, up from US$7.7 million, or US$0.23, in the year-prior period.

Oil, natural gas and natural gas liquids sales fell to US$147.3 million from US$154.9 million.

Adjusted EBITDA came in at US$76.2 million, down from US$93 million.

For the full year 2024, Gran Tierra produced 34,710 barrels of oil equivalent per day, up 6% from 2023.

Gran Tierra expects 2025 production of between 47,000 and 53,000 boe/d.

Gran Tierra shares were last seen down $0.84 to $7.21 on the Toronto Stock Exchange.

Price: 7.15, Change: -0.90, Percent Change: -11.18