Geopark Ltd Stock Price, News & Analysis

GeoPark (NYSE: GPRK) has announced the appointment of Felipe Bayon as its new Chief Executive Officer and Board member, effective June 1, 2025. Bayon succeeds Andrés Ocampo, who is stepping down for personal reasons after serving as CEO for three years and CFO for over eight years.

Bayon brings over three decades of experience in the oil and gas industry, most notably serving as CEO of Ecopetrol from 2017 to 2023, where he managed 18,000 employees and oversaw production of 700,000 boepd with revenues exceeding $30 billion. His career includes significant achievements at Shell and BP, including leadership of Pan American Energy. At Ecopetrol, he led strategic expansions into the Permian Basin with Oxy, Brazilian ultra-deep water pre-salt operations with Shell, and investments in renewable energies.

GeoPark (NYSE: GPRK) reported its Q1 2025 operational update, achieving pro-forma consolidated production of 36,279 boepd, exceeding 2025 guidance of 35,000 boepd. The company's organic production was 8% lower than Q4 2024 due to the Platanillo Block suspension and Llanos 32 Block divestiture.

Key highlights include:

• Record production of 17,358 boepd in Vaca Muerta during February 2025
• New exploration discovery at Currucutu-1 well producing 1,360 bopd gross
• Strong liquidity with $308 million cash position
• Robust hedge position protecting 70% of expected 2025 production
• Cost efficiency program targeting $5-7 million in annual OPEX and G&A savings

The company completed 9 wells in Q1 2025, including 4 in Vaca Muerta, and announced the divestiture of non-core assets in Llanos 32 Block and Manati gas field, representing ~1,500 boepd in the 2025 work plan.

GeoPark (NYSE: GPRK) has published its 2024 SPEED/Sustainability Report, showcasing significant environmental progress and operational achievements. The company reported a 28% reduction in Scope 1 and 2 greenhouse gas emissions compared to 2020, with emissions intensity reaching 10.3 kgCO₂e/BOE.

Key 2024 highlights include:

• Zero oil spills and environmental fines
• 7.01% reduction in water consumption vs 2023
• Six energy community projects in Colombia's Casanare region
• 100% of employees with climate change KPIs linked to compensation

The company received notable recognition including an AA rating from MSCI ESG Index, inclusion in the S&P Sustainability Yearbook 2025, and multiple awards for environmental leadership. The report follows international frameworks including GRI, SASB, IPIECA, TCFD, UN Global Compact, and SDGs.

GeoPark (NYSE: GPRK), a leading independent energy company with over 20 years of operations across Latin America, has announced the filing of its Form 20-F for the fiscal year ended December 31, 2024, with the Securities and Exchange Commission (SEC).

The Form 20-F can be accessed through the SEC's website or the 'Invest with Us' section of GeoPark's website. Shareholders can request free hard copies of the company's audited financial statements or complete 2024 Form 20-F from the Investor Relations team.

GeoPark (NYSE: GPRK) has announced strategic divestments of non-core assets and cost reduction initiatives to strengthen its portfolio. The company is divesting the non-operated Llanos 32 Block in Colombia and Manati gas field in Brazil for a total of $20 million. These assets had combined reserves of 2.9 mmboe and averaged 712 boepd in 2024.

The Llanos 32 Block is being sold to Parex Resources for $19 million (minus $3.7 million working capital adjustment), while the Manati gas field is being sold for $1 million plus adjustments and contingent payments. The company is also implementing cost reduction measures expected to save $5-7 million annually in OPEX/G&A costs through workforce reductions and other administrative expense cuts.

Additionally, GeoPark is exploring strategic options for its Ecuador assets. These initiatives align with the company's North Star growth strategy, focusing on high-impact, high materiality assets.

GeoPark (NYSE: GPRK) reported its Q4 and full-year 2024 financial results, showing resilience despite operational challenges. Full-year Adjusted EBITDA reached $416.9 million, down from $451.9 million in 2023. The company faced lower production (33,937 boepd vs 36,563 boepd) but achieved higher realized prices ($65.6/bbl vs $64.0/bbl).

Key highlights include:

• Q4 2024 net profit of $15.3 million and full-year net profit of $96.4 million
• Operating margin increased to 41% from 36% in 2023
• $191.3 million invested in organic capital expenditures
• Record shareholder returns of $73.7 million through dividends and buybacks
• Probable reserves increased 41% in 2024, supported by 74.6 mmboe from Vaca Muerta
• Cash balance of $276.8 million at year-end
• Net leverage remained low at 0.9x

GeoPark (NYSE: GPRK) announced its independent oil and gas reserves assessment as of December 31, 2024, certified by D&M under PRMS methodology. The company's 2024 year-end reserves incorporate pro forma figures reflecting the acquisition of four unconventional hydrocarbon blocks in Vaca Muerta, Argentina, which became effective on July 1, 2024.

Key highlights include:

• 2P reserves increased 41% year-on-year to 162.2 mmboe
• 1P reserves reached 102.0 mmboe
• 1P Reserve Life Index (RLI) extended by 54% to 8.2 years
• 2P RLI increased by 44% to 13.1 years
• Pro forma 2P Reserve Replacement of 480%
• 2P NPV10 After Tax of $1.8 billion
• Net debt-adjusted 2P NPV10 After Tax of $27.8 per share

The significant reserves growth was driven by the addition of 74.6 mmboe from Vaca Muerta, partially offset by a 27.5 mmboe decrease in organic 2P reserves due to technical revisions in mature fields, with the Llanos 34 Block accounting for 48% of the reduction.