GTE — what changed in the latest 10-Q
A section-by-section comparison of GTE's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-05-08 vs the prior 10-Q · 2025-10-31
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +142 | −128 | ~20 | 12 |
| Market risk (Item 3) | Text added/removed | +3 | −4 | ~2 | 0 |
| Controls & procedures | Text added/removed | 0 | −1 | ~2 | 0 |
| Risk factors | Text added/removed | 0 | 0 | ~1 | 0 |
| Other information | Text added/removed | +2 | 0 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Legal proceedings
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-05-08
•Net loss for the first quarter of 2026 was $119.2 million or $3.38 per share basic and diluted, compared to a net loss of $19.3 million or $0.54 per share basic and diluted for the first quarter of 2025 and a net loss of $141.1 million for the prior quarter. The following non-cash items were the ma…
•Adjusted EBITDA(2) was $73.9 million for the first quarter of 2026, a decrease from $85.2 million in the first quarter of 2025, and an increase from $52.5 million in the prior quarter
•NAR production for the first quarter of 2026 decreased by 2% to 37,741 BOEPD, compared to 38,563 BOEPD in the first quarter of 2025, and decreased by 4% from 39,464 BOEPD in the prior quarter
•NAR Sales volumes for the first quarter of 2026 increased by 3% to 40,267 BOEPD, compared to 39,024 BOEPD in the first quarter of 2025 and increased by 12% from 35,984 BOEPD in the prior quarter
•Oil, natural gas and NGL sales for the first quarter of 2026 increased by 2% to $172.1 million, compared to the first quarter of 2025, due to higher sales volumes driven by selling production from the newly acquired Perico Block in Ecuador and increase in Brent price, offset by higher quality and t…
Text removed vs the prior filing · source: 10-Q · 2025-10-31
•Net loss for the third quarter of 2025 was $20.0 million or $(0.57) per share basic and diluted, compared to a net income of $1.1 million or $0.04 per share basic and diluted for the third quarter of 2024 and a net loss of $12.7 million for the prior quarter.
•Adjusted EBITDA(2) was $69.0 million for the third quarter of 2025, a decrease from $92.8 million in the third quarter of 2024, and a decrease from $77.0 million in the prior quarter.
•During the third quarter of 2025, there were no share re-purchases. For the period from November 6, 2024 to October 29, 2025, we re-purchased a total of 1.2 million shares or 3% of the outstanding shares as of September 30, 2025.
•NAR production for the third quarter of 2025 increased by 38% to 35,962 BOEPD, compared to 25,988 BOEPD in the third quarter of 2024 due to the production from Canadian operations acquired on October 31, 2024 and successful exploration well drilling results in Ecuador, and decreased by 10% from 39,…
•NAR sales volumes for the third quarter of 2025 increased by 47% to 37,353 BOEPD, compared to 25,464 BOEPD in the third quarter of 2024 and decreased by 3% from 38,331 BOEPD in the prior quarter.
Market risk (Item 3)
Text added vs the prior filing · source: 10-Q · 2026-05-08
Our principal market risk relates to oil, natural gas and NGL prices which are volatile and unpredictable and influenced by concerns over world supply and demand imbalance and many other market factors outside of our control. Our revenues are from oil sales at Brent, or Edmonton Light pricing and fo…
We have entered into foreign currency derivative contracts to manage the variability in cash flows associated with our forecasted Colombian peso denominated costs.
Interest rate risk is the risk that future cash flows will fluctuate as a result of changes in market interest rates. We are exposed to interest rate fluctuations on our revolving Canadian credit facility which bears floating rates of interest. As of March 31, 2026, the revolving credit facility rem…
Text removed vs the prior filing · source: 10-Q · 2025-10-31
Our principal market risk relates to oil, natural gas and NGL prices which are volatile and unpredictable and influenced by concerns over world supply and demand imbalance and many other market factors outside of our control. Our revenues are from oil sales at Brent or Edmonton Light pricing and for…
currency. In Canada, we receive 100% of our revenue in Canadian dollar and majority of our capital and operating expenditures are in Canadian dollars or are based on Canadian dollar prices.
During the three months ended September 30, 2025, the Company crystallized $80 million nominal USD$ (COP$323,600 million) in outstanding foreign currency derivatives for a gain of $6 million (COP$30,800 million) and as at September 30, 2025 had no outstanding foreign currency derivative positions.
Interest rate risk is the risk that future cash flows will fluctuate as a result of changes in market interest rates. We are exposed to interest rate fluctuations on our Canadian revolving credit facility and Colombian reserve-based lending (“RBL”) facility, which bear floating rates of interest. As…
Controls & procedures
Text removed vs the prior filing · source: 10-Q · 2025-10-31
On October 31, 2024, the Company completed the acquisition of i3 Energy Plc (“i3 Energy”), a publicly traded oil and gas company that was listed on the TSX venture exchange. i3 Energy’s operations have been included in the consolidated financial statements of Gran Tierra since October 31, 2024. Howe…
Other information
Text added vs the prior filing · source: 10-Q · 2026-05-08
As disclosed in a Form 8-K filed by the Company on March 17, 2026, the Company’s Audit Committee has been conducting an independent investigation into an anonymous complaint.
Consistent with its charter, the Audit Committee takes seriously its responsibility to investigate matters within the scope of its duties. As such, the Audit Committee investigated the allegations in the complaint that it believed were in the scope of its responsibility. The Audit Committee took var…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice