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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 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results of its tender offer to purchase its common shares, with a total of 4,444,044 shares properly tendered and not withdrawn at or below a price of U.S.$10.00 per share.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.
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GeoPark Announces Exclusive Negotiations for Unconventional Blocks in Vaca Muerta in Argentina

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

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GeoPark (NYSE: GPRK) files Form 20-F for fiscal year 2023 with the SEC, providing access to audited financial statements and shareholder information.
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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.
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GeoPark Announces Quarterly Cash Dividend of $0.136 Per Share

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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.
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GeoPark Reports Fourth Quarter and Full-Year 2023 Results

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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.
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GeoPark Announces 2P Reserve Replacement of 110%

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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.
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GeoPark Announces Fourth Quarter 2023 Operational Update

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GeoPark Limited (NYSE: GPRK) reports a 10% increase in quarterly production, with exploration successes in Colombia and Ecuador. Shareholder returns exceeded full-year targets, and the company maintained a strong balance sheet. The company is divesting non-core operations in Chile and expects to grow production and return value in 2024.
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New Chief Financial Officer Appointed

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GeoPark Limited (GPRK) announces the appointment of a new CFO and provides an operating activity update in the Llanos Basin in Colombia. The company's 2023 exploration campaign adds 5,500 Bopd Gross and opens new drilling opportunities. The new CFO, Jaime Caballero Uribe, brings more than 25 years of industry and finance experience to GeoPark. The company's exploration campaign in 2023 delivered positive results with multiple new plays being opened, adding new appraisal and delineation activity.
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GeoPark Announces Quarterly Cash Dividend of $0.134 Per Share and Renewal of Share Repurchase Program

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GPRK: GeoPark Declares $0.134 Quarterly Dividend and Renews Share Buyback Program, Plans Strong Operational and Financial Performance in 2024
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FAQ

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

The current stock price of GEOPARK (GPRK) is $9.29 as of January 24, 2025.

What is the market cap of GEOPARK (GPRK)?

The market cap of GEOPARK (GPRK) is approximately 483.8M.

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.
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GEOPARK LIMITED

NYSE:GPRK

GPRK Rankings

#3159 Ranked by Market Cap
#440 Ranked by Dividends

GPRK Stock Data

483.77M
37.52M
26.7%
45.73%
1.48%
Oil & Gas E&P
Energy
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United States of America
Bogotá