Gran Tierra reported 2Q19 results of mixed nature, as pre-released volumes, near the 35,424 boe/d reported, generated a significant funds flow beat (GTE $0.21 vs. GMPFE $0.18 vs. consensus of $0.19), albeit aided by non-recurring tax recoveries. In a relatively busy quarter of operations, the company invested ~$100 mm vs. the “Street” at $91 mm.
09 Aug 2019
Non-recurring items aid 2Q19 FFO beat; Revised 2019e guidance provided
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Non-recurring items aid 2Q19 FFO beat; Revised 2019e guidance provided
Gran Tierra Energy Inc. (GTE:LON) | 548 0 0.0% | Mkt Cap: 176.9m
- Published:
09 Aug 2019 -
Author:
Cody R. Kwong -
Pages:
7
Gran Tierra reported 2Q19 results of mixed nature, as pre-released volumes, near the 35,424 boe/d reported, generated a significant funds flow beat (GTE $0.21 vs. GMPFE $0.18 vs. consensus of $0.19), albeit aided by non-recurring tax recoveries. In a relatively busy quarter of operations, the company invested ~$100 mm vs. the “Street” at $91 mm.