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GTE (Gran Tierra Energy) Gross Profit : $410.1 Mil (TTM As of Sep. 2024)


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What is Gran Tierra Energy Gross Profit?

Gran Tierra Energy's gross profit for the three months ended in Sep. 2024 was $95.8 Mil. Gran Tierra Energy's gross profit for the trailing twelve months (TTM) ended in Sep. 2024 was $410.1 Mil.

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%.

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

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%.


Gran Tierra Energy Gross Profit Historical Data

The historical data trend for Gran Tierra Energy's Gross Profit 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 Profit Chart

Gran Tierra Energy Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Profit
Get a 7-Day Free Trial Premium Member Only Premium Member Only 345.95 73.61 333.85 531.11 421.37

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 Profit Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 124.90 102.78 101.43 110.12 95.80

Competitive Comparison of Gran Tierra Energy's Gross Profit

For the Oil & Gas E&P subindustry, Gran Tierra Energy's Gross Profit, along with its competitors' market caps and Gross Profit 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 Profit Distribution in the Oil & Gas Industry

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

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



Gran Tierra Energy Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

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

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

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

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

Gross Profit for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $410.1 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

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 )
=(Revenue - Cost of Goods Sold) / Revenue
=95.8 / 151.373
=63.29 %

* 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.

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 Profit 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


Gran Tierra Energy Gross Profit Related Terms

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Gran Tierra Energy Business Description

Traded in Other Exchanges
Address
500 Centre Street South East, Calgary, AB, CAN, T2G 1A6
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