GeoPark Posts Solid Q2 Results Amid Strategic Growth
Company Announcements

GeoPark Posts Solid Q2 Results Amid Strategic Growth

GeoPark (GPRK) has released an update.

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.

For further insights into GPRK stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Auto-Generated NewsdeskGeoPark Celebrates Exploration Success in Vaca Muerta
TipRanks Auto-Generated NewsdeskGeoPark Reports Q3 2024 Earnings Amid Production Challenges
TipRanks Auto-Generated NewsdeskGeoPark Limited Reports Strong Q3 2024 Financial Results
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App