COMP <GO>

GTE vs REI // EV/EBITDA & P/E VALUATION

Gran Tierra Energy Inc. (NYSE) VS. Ring Energy Inc. (NYSE) • 15-METRIC TALLY: GTE 4 — REI 2

■ METRIC PARITY

LAST: $11.31 (-2.25%) • MKT CAP: $400.2M

valuation

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LAST: $1.42 (+0.71%) • MKT CAP: $370.0M

valuation

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15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (GTE VS. REI) EMERALD CELL = QUANTITATIVE EDGE

INSTITUTIONAL METRIC	GTE	REI	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	55.50%	—	—	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	-35.00%	-3.20%	-31.80	REI	/roic <GO>
EV/EBITDA & P/E Valuation ACTIVE	—	—	—	TIE	/valuation <GO>
Free Cash Flow Yield	—	—	—	TIE	/fcf-yield <GO>
Operating Margin	—	-11.20%	—	TIE	/operating-margins <GO>
Net Profit Margin	-32.40%	-11.30%	-21.10	REI	/net-margins <GO>
Revenue Growth (YoY)	-4.00%	-16.10%	+12.10	GTE	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.00%	0.00%	0.00	TIE	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	—	0.53	—	TIE	/balance-sheet <GO>
Piotroski F-Score Quality	4/9	3/9	+1.00	GTE	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	—	—	—	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	59.1	57.2	+1.96	GTE	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	—	—	—	TIE	/macro-sensitivity <GO>
Forward P/E Multiple	—	—	—	TIE	/forward-pe <GO>
Enterprise Scale & Market Cap	$400.2M	$370.0M	$30.2M	GTE	/market-cap <GO>

5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY

FISCAL YEAR	GTE REV	REI REV	GTE GROSS %	REI GROSS %	GTE FCF	REI FCF
FY 2025	$596.7M	$307.2M	55.5%	—	$313.2M	$150.8M
FY 2024	$621.8M	$366.3M	64.5%	—	$239.3M	$194.4M
FY 2023	$637.0M	$361.1M	—	—	$228.0M	$198.2M

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

GTE // BETA —

REI // BETA —