GeoPark (GPRK) has released an update.
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GeoPark Limited, a Latin American oil and gas explorer, reported a stable second quarter in 2024 with a net profit of $25.7 million and an Adjusted EBITDA of $127.9 million, despite a slight production decrease due to maintenance and divestment activities. The company highlighted capital efficiency with a significant return on capital employed, and continued to reward shareholders with a quarterly dividend and a share buyback program. Additionally, GeoPark’s recent acquisition in the Vaca Muerta shale formation is set to bolster production figures, as the company looks forward to integrating these assets and further developing its core operations.
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