GeoPark Extends Vitol Offtake Deal and Secures Up to $500 Million Flexible Funding in Colombia

An announcement from GeoPark ( (GPRK) ) is now available.

On January 28, 2026, GeoPark Limited announced it had renewed and extended its crude offtake and prepayment agreement with trading giant Vitol, covering 100% of GeoPark’s oil production from the Llanos 34, Llanos 123 and CPO-5 blocks in Colombia through December 31, 2028, beyond the original June 2027 expiry. The revised terms restore the company’s weighted-average netbacks to single-digit levels comparable to 2020, offsetting years of tariff and inflation pressures, and are expected to lift portfolio realizations by about US$0.33 per barrel versus the past six months, bolstering margins and cash-flow visibility. The deal also renews a flexible prepayment facility of up to $500 million, with $330 million committed and a $170 million accordion, priced at one-month SOFR plus 3.50%—about 25 basis points cheaper than the prior arrangement—giving GeoPark lower-cost, optional funding that can be repaid in oil or prepaid without penalties. Together, the extended offtake coverage and expanded funding line strengthen GeoPark’s liquidity and financial resilience, underpinning its ability to execute its 2026–2028 strategic plans in the Llanos basin and reinforcing its long-standing commercial relationship with Vitol in the Colombian oil market.

The most recent analyst rating on (GPRK) stock is a Buy with a $8.00 price target. To see the full list of analyst forecasts on GeoPark stock, see the GPRK Stock Forecast page.

Spark’s Take on GPRK Stock

According to Spark, TipRanks’ AI Analyst, GPRK is a Neutral.

GeoPark’s overall stock score is driven by strong technical indicators and positive earnings call sentiment. While financial performance shows some challenges, particularly with high leverage and declining free cash flow growth, the company’s strategic initiatives and operational efficiencies provide a positive outlook. The valuation is reasonable, but the dividend suspension could affect investor sentiment.

To see Spark’s full report on GPRK stock, click here.

More about GeoPark

GeoPark Limited is a leading independent energy company focused on exploration and production of crude oil and natural gas across Latin America, with more than 20 years of operating history. Listed on the NYSE and headquartered in Bogota, Colombia, the company’s core assets include operated and non-operated blocks in the Llanos basin, a key oil-producing region in Colombia, where it markets crude through offtake agreements with global commodity traders.

Average Trading Volume: 804,724

Technical Sentiment Signal: Buy

Current Market Cap: $412.5M

See more insights into GPRK stock on TipRanks’ Stock Analysis page.