The latest announcement is out from GeoPark ( (GPRK) ).
GeoPark Limited reported its financial results for the fourth quarter and full year of 2024, demonstrating resilience despite challenges such as lower Brent prices and operational disruptions. The company achieved a full-year adjusted EBITDA of $417 million and a net profit of $96.4 million. GeoPark’s strategic acquisition of unconventional hydrocarbon blocks in Vaca Muerta, Argentina, contributed to a 41% increase in probable reserves, although these production volumes are not yet reflected in the 2024 consolidated production numbers. The company returned $73.7 million to shareholders through dividends and buybacks, reduced its outstanding shares by 8%, and maintained a low net leverage of 0.9x. GeoPark also strengthened its financial flexibility by issuing $550 million in senior notes due 2030, enhancing its capital structure and extending debt maturity.
More about GeoPark
GeoPark Limited is a leading independent energy company with over 20 years of successful operations across Latin America. The company is involved in the exploration and production of oil and gas, with a focus on maximizing production and driving efficiencies in its key assets, including the Llanos 34 and CPO-5 blocks in Colombia and the Vaca Muerta blocks in Argentina.
YTD Price Performance: -25.44%
Average Trading Volume: 744,296
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $386.8M
See more data about GPRK stock on TipRanks’ Stock Analysis page.