GeoPark Limited Earnings Recaps
Q1 2026
May 11, 2026
GeoPark’s shares rose 6.1% following a quarter that showcased better-than-expected operational execution and improved pricing, driving significant margin expansion and a reinforced financial position.
Key takeaways
- Average production reached 27,249 barrels of oil equivalent per day, steady within guidance and up sequentially.
- Realized oil price increased to $60.4 per barrel from $54.8, supported by an improved Brent benchmark ($77.9).
- Adjusted EBITDA rose 54% sequentially to $71.3 million with a 56% margin, driven by higher sales volumes (+8%) and lower operating costs ($14.7/boe).
- Operating profit more than doubled to $58 million, despite higher tax and nonrecurring charges.
- Robust liquidity position with $274.9 million in cash, supported by new debt, escrow recoveries, and strategic equity investment; net debt leverage stands at 1.3x.
Q3 2025
Nov 7, 2025
GeoPark Limited delivered strong third-quarter results, marked by increased production and a notable shift towards growth in Argentina following the acquisition of two new operational blocks in Vaca Muerta.
Key takeaways
- Average consolidated production rose to 28,136 boe/d, exceeding 2025 guidance and a 3% increase quarter-over-quarter.
- Adjusted EBITDA reached USD 71.4 million with a 57% margin; net income of USD 15.9 million showed significant recovery from prior losses.
- The company plans to maintain a revised dividend program totaling approximately USD 6 million over the next four quarters while focusing on growth investments.
- GeoPark successfully repurchased USD 108 million of its 2030 notes, realizing annual cash savings of USD 9.5 million and enhancing its capital structure.
- The Board rejected an unsolicited nonbinding proposal from Parex, citing undervaluation and a commitment to maximizing shareholder value through strategic growth initiatives.