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GeoPark (GPRK)
NYSE:GPRK
Earnings Data
Report Date
May 14, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.36Last Year’s EPS
0.55Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 05, 2025
|% Change Since: -15.85%
|Next Earnings Date:May 14, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected a mix of achievements and challenges for GeoPark in 2024. The company achieved significant milestones with a record shareholder return, strategic acquisitions, and sustainability recognitions. However, these were tempered by production declines, delayed acquisition closures, and decreased financial performance. The sentiment is balanced, reflecting both positive strategic advancements and operational challenges.Company Guidance
During the GeoPark Limited conference call, CEO Andres Ocampo reported notable achievements for fiscal year 2024, including a game-changing acquisition in Vaca Muerta, which extended reserves life and increased production significantly. The company's total oil and gas production averaged nearly 34,000 barrels per day, a 7% decrease from 2023 due to temporary disruptions and natural declines in Colombia. However, Vaca Muerta assets alone delivered over 15,000 barrels per day in Q4, a 19% increase from Q3. The acquisition added 74.6 million barrels to their 2P reserves, resulting in a 41% year-on-year increase and extending the reserve life index to 13 years. GeoPark's full-year adjusted EBITDA reached $416 million, an 8% drop from 2023, attributed to lower production and one-off financial expenses. The company maintained a strong capital efficiency ratio of 2.2 times adjusted EBITDA, with net income at $96.4 million. GeoPark ended the year with $276.8 million in cash and a net leverage of 0.9 times, well below their long-term target. They achieved a record shareholder cash return of $74 million, reflecting a 14% yield, and declared a quarterly dividend of $0.15 per share. Looking ahead to 2025, GeoPark plans to enhance recovery and productivity in Colombia and continue development in Vaca Muerta, aiming for a gross plateau production of 40,000 barrels per day.Record Shareholder Cash Return
GeoPark delivered the highest annual shareholder cash return in the company's history with almost $74 million through dividends and buyback, representing a record annual shareholder cash return of around 14% yield.
Strategic Acquisition in Vaca Muerta
GeoPark made a significant acquisition in Vaca Muerta, which extended reserves life and increased production by 19% in the fourth quarter of 2024 compared to the third quarter.
Sustainability Achievements
GeoPark was included in the S&P Sustainability Yearbook for the first time and maintained its AA rating in the MSC Index, highlighting its position as a global sustainability leader.
Financial Stability and Flexibility
GeoPark ended the year with $276.8 million in cash and maintained a net leverage of 0.9 times, well below its long-term target, with no material debt commitments due until 2030.
Exploration Success
A transformational discovery in the Confluencia block in Vaca Muerta, with two out of three wells ranking in the top eight producing wells in the entire basin over the last 90 days.
Strong Reserve Growth
Pro forma 2P reserves increased by 41% year-on-year to nearly over 160 million barrels, driven by the addition of 74.6 million barrels from the Vaca Muerta assets.
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GPRK Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GPRK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 05, 2025 | $7.51 | $7.88 | +4.93% |
| Nov 06, 2024 | $8.01 | $7.76 | -3.12% |
| Aug 14, 2024 | $8.95 | $8.46 | -5.47% |
| May 15, 2024 | $9.25 | $9.34 | +0.97% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does GeoPark (GPRK) report earnings?
GeoPark (GPRK) is schdueled to report earning on May 14, 2025, TBA Not Confirmed.
What is GeoPark (GPRK) earnings time?
GeoPark (GPRK) earnings time is at May 14, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GPRK EPS forecast?
GPRK EPS forecast for the fiscal quarter 2025 (Q1) is 0.36.
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