GTE (Gran Tierra Energy) Gross Margin % : 63.29% (As of Sep. 2024)

View and export this data going back to 2005. Start your Free Trial

What is Gran Tierra Energy Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Gran Tierra Energy's Gross Profit for the three months ended in Sep. 2024 was $95.8 Mil. Gran Tierra Energy's Revenue for the three months ended in Sep. 2024 was $151.4 Mil. Therefore, Gran Tierra Energy's Gross Margin % for the quarter that ended in Sep. 2024 was 63.29%.

The historical rank and industry rank for Gran Tierra Energy's Gross Margin % or its related term are showing as below:

GTE' s Gross Margin % Range Over the Past 10 Years
Min: 30.95 Med: 66.46 Max: 74.66
Current: 65.15

During the past 13 years, the highest Gross Margin % of Gran Tierra Energy was 74.66%. The lowest was 30.95%. And the median was 66.46%.

GTE's Gross Margin % is ranked better than
87.85% of 905 companies
in the Oil & Gas industry
Industry Median: 27.54 vs GTE: 65.15

Gran Tierra Energy had a gross margin of 63.29% for the quarter that ended in Sep. 2024 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Gran Tierra Energy was 3.90% per year.

Gran Tierra Energy Gross Margin % Historical Data

The historical data trend for Gran Tierra Energy's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Gran Tierra Energy Gross Margin % Chart

Gran Tierra Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

Get a 7-Day Free Trial

60.59

30.95

70.47

74.66

66.15

Gran Tierra Energy Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Gross Margin %	Get a 7-Day Free Trial															69.42	66.34	64.37	66.49	63.29

Competitive Comparison of Gran Tierra Energy's Gross Margin %

For the Oil & Gas E&P subindustry, Gran Tierra Energy's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Gran Tierra Energy's Gross Margin % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Gran Tierra Energy's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Gran Tierra Energy's Gross Margin % falls into.

Gran Tierra Energy Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Gran Tierra Energy's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )	=	Gross Profit (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	421.4	/	636.957
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(636.957 - 215.584)	/	636.957
	=	66.15 %

Gran Tierra Energy's Gross Margin for the quarter that ended in Sep. 2024 is calculated as

Gross Margin % (Q: Sep. 2024 )	=	Gross Profit (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	95.8	/	151.373
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(151.373 - 55.573)	/	151.373
	=	63.29 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Gran Tierra Energy (AMEX:GTE) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Gran Tierra Energy had a gross margin of 63.29% for the quarter that ended in Sep. 2024 => Durable competitive advantage

Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.

Gran Tierra Energy Gross Margin % Related Terms

Thank you for viewing the detailed overview of Gran Tierra Energy's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.

Gran Tierra Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Gran Tierra Energy Inc (AMEX:GTE) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

GTE:UK G1P0:Germany GTE:Canada

Address

500 Centre Street South East, Calgary, AB, CAN, T2G 1A6

Website

https://www.grantierra.com

Gran Tierra Energy Inc is an independent energy company. It is engaged in the acquisition, exploration, development, and production of oil and gas properties. The firm produces light crude oil, supplemented with medium crude and natural gas. Gran Tierra holds interests in producing and prospective properties in Colombia and prospective properties in Ecuador. The company derives its revenue from Colombia.

Executives

Ronald Royal	director	C/O GRAN TIERRA ENERGY INC., 200, 150 13 AVENUE SW, CALGARY A0 T2R 0V2
Ryan Ellson	officer: EVP and CFO	C/O GRAN TIERRA ENERGY INC., 200, 150 13 AVENUE SW, CALGARY A0 T2R 0V2
Gary Guidry	director, officer: President and CEO	C/O GRAN TIERRA ENERGY INC., 200, 150 13 AVENUE SW, CALGARY A0 T2R 0V2
Phillip D Abraham	officer: VP, Legal and Business Dev.	GRAN TIERRA ENERGY INC., 500 CENTRE STREET SE, CALGARY Z4 A0 T2G 1A6
Robert G Will	officer: Vice President, Asset Manager	GRAN TIERRA ENERGY INC., 500 CENTRE STREET SE, CALGARY Z4 A0 T2G 1A6
Alison Redford	director	C/O GRAN TIERRA ENERGY INC., 900, 520 - 3 AVENUE SW, CALGARY Z4 T2P 0R3
Gmt Capital Corp	10 percent owner	GMT CAPITAL CORP, 2300 WINDY RIDGE PARKWAY SUITE 550 SOUTH, ATLANTA GA 30339
Brooke N. Wade	director	500-1195 WEST BROADWAY, VANCOUVER A1 V6H 3X5
Lawrence West	officer: VP, Exploration	C/O GRAN TIERRA ENERGY INC., 200, 150 13 AVENUE SW, CALGARY A0 T2R 0V2
David P Smith	director	C/O GRAN TIERRA ENERGY INC., 200, 150 13 AVENUE SW, CALGARY A0 T2R 0V2
Sondra Scott	director	C/O GRAN TIERRA ENERGY INC., 900, 520-3 AVENUE SW, CALGARY A0 T2P 0R3
Jim Evans	officer: VP, Corporate Services	C/O GRAN TIERRA ENERGY INC., 200, 150 13 AVENUE SW, CALGARY A0 T2R 0V2
Remi Anthony Berthelet	officer: Chief Operating Officer	C/O GRAN TIERRA ENERGY INC., 900, 520 - 3 AVENUE SW, CALGARY A0 T2P 0R3
Rodger Derrick Trimble	officer: VP, Investor Relations	C/O GRAN TIERRA ENERGY INC., 200, 150-13 AVENUE SW, CALGARY A0 T2R 0V2
Robert B. Hodgins	director	C/O GRAN TIERRA ENERGY INC., 200, 150 13 AVENUE SW, CALGARY A0 T2R 0V2