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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 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.
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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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GeoPark Reports Third Quarter 2023 Results

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GeoPark Limited (NYSE: GPRK) reports its consolidated financial results for the three-month period ended September 30, 2023. The company experienced exploration successes, strong free cash flow, and multiple growth opportunities. Oil and gas production averaged 34,778 boepd, with a full-year 2023 average production guidance of 36,000-37,000 boepd. Revenue was $192.1 million, with an adjusted EBITDA of $115.2 million and a net profit of $24.8 million. The company also saw cost and capital efficiency improvements, lower financial expenses, and strengthened its balance sheet. GeoPark is committed to accelerating shareholder returns, with a quarterly dividend of $0.134 per share and a renewed share buyback program.
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GeoPark Announces 2024 Work Program and Shareholder Return Guidelines

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GeoPark Limited (NYSE: GPRK) announces its 2024 work program and shareholder return framework, focusing on production, drilling plan, capital expenditures, and expected shareholder returns. The company targets to return 40-50% of free cash flow to shareholders in 2024.
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GeoPark Announces Third Quarter 2023 Operational Update

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GeoPark announces operational update, including restored production in CPO-5 block and multiple exploration successes in Colombia and Ecuador. Quarterly dividend of $0.132 per share paid. Drilling 10-12 wells in 4Q2023. CFO transition announced.
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GeoPark Reports a Business Update

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GeoPark provides an update on its operations, including the restoration of production in the CPO-5 block and new exploration successes in the Llanos 123 block and Ecuador. The Indico 6 and Indico 7 wells in the CPO-5 block are gradually increasing production, targeting 4,000 bopd gross each. The Llanos 123 block is currently producing over 2,100 bopd gross. GeoPark is also conducting drilling activities in the Llanos 87 and Llanos 34 blocks. In Ecuador, the Perico Centro 1 well is producing approximately 800 bopd. GeoPark appoints James Deckelman as Chief Exploration Officer.
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GeoPark Announces Quarterly Cash Dividend of $0.132 Per Share

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GeoPark Limited (NYSE: GPRK) declares a quarterly cash dividend of $0.132 per share, totaling $7.5 million, payable on September 7, 2023, to shareholders of record on August 24, 2023. The company plans to return 40-50% of free cash flow to shareholders while executing self-funded work programs.
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GeoPark Reports Second Quarter 2023 Results

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FAQ

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

The current stock price of GEOPARK (GPRK) is $9.15 as of December 20, 2024.

What is the market cap of GEOPARK (GPRK)?

The market cap of GEOPARK (GPRK) is approximately 477.3M.

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.

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GEOPARK LIMITED

NYSE:GPRK

GPRK Rankings

#3140 Ranked by Market Cap
#426 Ranked by Dividends

GPRK Stock Data

477.27M
37.52M
26.7%
45.7%
1.89%
Oil & Gas E&P
Energy
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United States of America
Bogotá