STOCK TITAN
  1. Home
  2. News
  3. GPRK

GEOPARK LIMITED - GPRK STOCK NEWS

Welcome to our dedicated page for GEOPARK news (Ticker: GPRK), a resource for investors and traders seeking the latest updates and insights on GEOPARK stock.

GeoPark Limited (symbol: GPRK) is a leading independent Latin American oil and gas exploration and production company. The firm has established operations and growth platforms in multiple countries, including Colombia, Chile, Brazil, Argentina, Peru, and Ecuador. GeoPark's primary revenue sources are the sale of crude oil, condensate, and natural gas, net of value-added tax and sales discounts.

GeoPark is renowned for its experienced management and technical teams, which have enabled consistent year-to-year growth in production and reserves. The company boasts an attractive portfolio of high-potential oil and gas assets and maintains a strong balance sheet supported by consistent cash flow.

The company takes a conservative, risk-balanced approach to business and actively explores new project opportunities across Latin America. GeoPark has developed an extensive network of partners and capital to fuel its growth, alongside an in-house culture focused on commitment, care, and excellence.

Recently, GeoPark announced the preliminary and final results of its tender offer to purchase its common shares. The company accepted 4,369,181 shares at a final purchase price of U.S.$10.00 per share, an endeavor that highlights its robust financial health and strategic focus on maximizing shareholder value. The tendered shares represent approximately 7.87% of GeoPark's issued and outstanding common shares, resulting in a total cost of around U.S.$43.7 million.

The Dealer Manager for the offer was BTG Pactual US Capital, LLC, and Georgeson LLC acted as the Information Agent. Computershare Trust Company, N.A. served as the Depositary. This tender offer exemplifies GeoPark's ongoing dedication to optimizing its capital structure and delivering value to its shareholders.

News

GeoPark Publishes Its 2023 SPEED/Sustainability Report

Rhea-AI Summary

GeoPark, a leading Latin American oil and gas explorer, published its 2023 SPEED/Sustainability Report, showing strong results in emissions reduction strategies and significant achievements in social, environmental, and governance areas. The report highlights a 10.6 kg CO2e/boe emissions intensity in 2023 and notable recognitions for sustainability efforts.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.64%
Tags
none
-
News

Geopark Announces First Quarter 2024 Operational Update

Rhea-AI Summary
GeoPark announces its first quarter 2024 operational update, highlighting strong production performance in Llanos 34 and CPO-5 blocks, driving current production to over 38,000 Boepd. The company reports stable production in Llanos 34 Block and maintenance activities in Manati gas field. The Llanos 34 Block reached a twelve-month production high, while the CPO-5 Block achieved new record production levels. GeoPark also provides updates on exploration and appraisal projects, maintaining unchanged 2024 guidance and upcoming drilling plans.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.24%
Tags
earnings
-
News

GEOPARK ANNOUNCES FINAL RESULTS OF ITS TENDER OFFER

Rhea-AI Summary
GeoPark announces the final results of its tender offer to purchase its common shares, acquiring 4,369,181 shares at a price of U.S.$10.00 per share, totaling approximately U.S.$43.7 million. The tender offer represented 7.87% of the issued and outstanding common shares as of April 19, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.02%
Tags
none
News

GEOPARK ANNOUNCES PRELIMINARY RESULTS OF ITS TENDER OFFER

Rhea-AI Summary
GeoPark (NYSE: GPRK) announced the preliminary results of its tender offer to purchase its common shares, with a total of 4,444,044 shares properly tendered and not withdrawn at or below a price of U.S.$10.00 per share. GeoPark expects to accept for payment an aggregate of 4,444,044 shares at a purchase price of U.S.$10.00 per share, representing approximately 8.01% of its issued and outstanding common shares. The final number of shares to be purchased and the final purchase price per share are subject to confirmation by the Depositary.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.93%
Tags
none
-
News

GeoPark Announces Exclusive Negotiations for Unconventional Blocks in Vaca Muerta in Argentina

Rhea-AI Summary
GeoPark (NYSE: GPRK) announces a binding offer to acquire a non-operated Working Interest in unconventional blocks in Argentina. The potential acquisition is valued at around $200 million with an additional carry of $110 - 120 million over two years. The assets are expected to contribute over 5,000 net boepd of production. GeoPark plans to fund the acquisition through a mix of cash, credit facilities, and new financing. The transaction is anticipated to close in 3Q2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.1%
Tags
none
-
News

GeoPark Announces the Filing of Its Form 20-F for Fiscal Year 2023

Rhea-AI Summary
GeoPark (NYSE: GPRK) files Form 20-F for fiscal year 2023 with the SEC, providing access to audited financial statements and shareholder information.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.48%
Tags
earnings
News

GEOPARK ANNOUNCES COMMENCEMENT OF TENDER OFFER TO PURCHASE UP TO U.S.$50,000,000 OF ITS COMMON SHARES AT PRICE NOT GREATER THAN U.S.$10.00 NOR LESS THAN U.S.$9.00 PER COMMON SHARE

Rhea-AI Summary
GeoPark (GPRK) initiates a tender offer to purchase up to $50 million of its common shares, aiming to repurchase between 9.01% and 10.02% of issued shares. The offer expires on April 17, 2024, with shareholders receiving cash for shares tendered at or below the purchase price.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.42%
Tags
none
-
News

GeoPark Announces Quarterly Cash Dividend of $0.136 Per Share

Rhea-AI Summary
GeoPark Limited (NYSE: GPRK) declares a quarterly cash dividend of $0.136 per share, totaling $7.5 million, payable on March 28, 2024, to shareholders of record on March 20, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.36%
Tags
dividends
-
News

GeoPark Reports Fourth Quarter and Full-Year 2023 Results

Rhea-AI Summary
GeoPark Limited (GPRK) reports strong financial performance in 4Q2023 and FY2023 with $451.9 million Adjusted EBITDA and $111.1 million net profit. The company invested $199.0 million in capital expenditures, achieved a 110% 2P Replacement Ratio, and reported a 10% increase in quarterly average oil and gas production. GeoPark's MSCI ESG rating was upgraded to 'AA', and the company plans to commence a tender offer for up to $50 million shares.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.36%
Tags
earnings
News

GeoPark Announces 2P Reserve Replacement of 110%

Rhea-AI Summary
GeoPark Limited announced its 2023 year-end oil and gas reserves assessment, showcasing a 110% 2P Reserve Replacement Ratio. The company added 14.0 mmboe of net 2P reserves, with a significant focus on Colombia. The successful drilling campaign led to eight exploration discoveries, contributing to a 2P NPV10 After Tax of $1.8 billion. GeoPark aims to drill 35-45 wells in 2024, targeting production growth and value creation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.14%
Tags
none

FAQ

What is the current stock price of GEOPARK (GPRK)?

The current stock price of GEOPARK (GPRK) is $8.55 as of November 18, 2024.

What is the market cap of GEOPARK (GPRK)?

The market cap of GEOPARK (GPRK) is approximately 420.3M.

What does GeoPark Limited do?

GeoPark Limited is a Latin American oil and gas exploration and production company with operations in Colombia, Chile, Brazil, Argentina, Peru, and Ecuador.

How does GeoPark generate revenue?

GeoPark generates revenue from the sale of crude oil, condensate, and natural gas, net of value-added tax and sales discounts.

What are GeoPark's core strengths?

GeoPark's core strengths include an experienced management team, year-to-year growth in production and reserves, a high-potential asset portfolio, a strong balance sheet, and a conservative risk-balanced business approach.

What recent achievements has GeoPark announced?

GeoPark recently completed a tender offer to purchase 4,369,181 of its common shares at U.S.$10.00 per share, showcasing its strong financial health and commitment to shareholder value.

How many shares did GeoPark repurchase in its recent tender offer?

GeoPark repurchased 4,369,181 shares in its recent tender offer, representing approximately 7.87% of its issued and outstanding common shares.

Who were the key participants in GeoPark's tender offer?

The Dealer Manager for the offer was BTG Pactual US Capital, LLC, the Information Agent was Georgeson LLC, and the Depositary was Computershare Trust Company, N.A.

What is GeoPark's approach to business?

GeoPark adopts a conservative, risk-balanced approach to business, focusing on the exploration of new project opportunities throughout Latin America.

What are GeoPark's future growth plans?

GeoPark plans to continue exploring high-potential oil and gas assets and leveraging its extensive partner and capital networks to support new growth throughout Latin America.

How does GeoPark manage its financial health?

GeoPark maintains a strong balance sheet with supporting cash flow and strategic financial activities such as share repurchase programs to optimize its capital structure.

What is GeoPark's company culture like?

GeoPark fosters an in-house culture of commitment, care, and excellence, driving the company’s overall growth and operational efficiency.

Stock GPRK logo
GEOPARK LIMITED

NYSE:GPRK

GPRK Rankings

#3239 Ranked by Market Cap
#357 Ranked by Dividends

GPRK Stock Data

420.29M
51.16M
26.7%
48.4%
1.73%
Oil & Gas E&P
Energy
Link
United States of America
Bogotá