GeoPark (NYSE:GPRK) Bolsa

GeoPark

GeoPark Ltd is a Latin American oil and gas exploration and production company with assets in Colombia, Ecuador, Chile, Brazil, and Argentina. The company generates revenue from the sale of crude oil, condensate, and natural gas, net of value-added tax and discounts related to the sale and overriding royalties due to the ex-owners of oil and gas properties where the royalty arrangements represent a retained working interest in the property.

GeoPark Limited ("GeoPark" or the "Company") (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPRK#NYSE">GPRK</a>), a leading independent energy company with over 20 years of successful operations across Latin America, today announced that its Board of Directors (the "Board") has unanimously adopted a limited-duration shareholder rights plan (the "Rights Plan"), effective immediately and that will expire in 364 days.
The Company's Board, in consultation with its advisors, adopted the Rights Plan to protect value for GeoPark and all its stockholders given the unusually rapid and significant accumulation of the Company's common stock by a single stockholder.
The Rights Plan is similar to plans adopted by other publicly traded companies and is intended to protect the long-term interests of GeoPark's shareholders and maximize the value of their investment.

News

GPRK

GeoPark Adopts 1-Year Shareholder Rights Plan To Protect Stockholder Value Amid Rapid Stock Accumulation By Single Investor

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Shares of energy related stocks are trading higher after President Trump said the U.S won't agree to any uranium enrichment by Iran. Additionally, the commodity could be seeing continued strength after OPEC+ decision to keep output levels unchanged.

GeoPark (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPRK#NYSE">GPRK</a>) reported quarterly earnings of $0.25 per share which missed the analyst consensus estimate of $0.46 by 45.65 percent. This is a 54.55 percent decrease over earnings of $0.55 per share from the same period last year. The company reported $137.30 million in sales this quarter. This is a 17.98 percent decrease over sales of $167.40 million the same period last year.

Earnings

Earnings Misses

GeoPark Q1 EPS $0.25 Misses $0.46 Estimate, Sales $137.30M Down From $167.40M YoY

Management

GeoPark Appoints Felipe Bayon As CEO, Effective June 1, 2025

Strong Performance Through Focused Execution of 2025 Work Program Profitable and Sustainable Results New Exploration Discovery in the Llanos Basin
GeoPark Limited ("GeoPark" or the "Company") (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPRK#NYSE">GPRK</a>), a leading independent energy company with over 20 years of successful operations across Latin America, announces its operational update for the three-month period ended March 31, 2025 ("1Q2025").
The Company's 1Q2025 operational update includes pro forma production and activity figures from four unconventional hydrocarbon blocks in Vaca Muerta, Argentina, the acquisition of which became effective on July 1, 2024, but has not closed and remains subject to regulatory approvals from the respective provincial governments. GeoPark continues to work diligently with its partner and regulatory authorities to complete the approval process.
GeoPark's profitable, dependable, and sustainable platform continued to deliver in 1Q2025, supported by the focused execution of its 2025 Work Program. The Company's strategic commitment to disciplined capital allocation, portfolio resilience and competitiveness has positioned GeoPark to manage the current lower Brent price environment and higher market volatility, while retaining the capability to pursue value-accretive growth.

GeoPark Announces Q1 2025 Operational Update; Says Strong Performance Through Focused Execution of 2025 Work Program

GeoPark Limited ("GeoPark" or the "Company") (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPRK#NYSE">GPRK</a>), a leading independent energy company with over 20 years of successful operations across Latin America, today announced divestments of certain non-core assets and cost reduction initiatives to better position the Company for profitable, dependable and sustainable long-term growth.
In line with its commitment to disciplined capital allocation, the Company will divest the non-core, non-operated Llanos 32 Block in Colombia and Manati gas field in Brazil for an aggregate total consideration of $20 million1 (net of $12 million liabilities related to decommissioning or retirement obligations, with respect to the Manati gas field). Combined, these assets had aggregate net 1P PRMS reserves of 2.9 mmboe (60% oil, 40% natural gas) at 2024 year-end and an average production of 712 boepd in 2024. Together, the assets represented approximately 1,500 boepd in the 2025 plan, with an associated adjusted EBITDA2 of $10-13 million at $70-80/bbl Brent.
Furthermore, GeoPark is evaluating strategic options for its assets in Ecuador.
In addition to the timely monetization of the above non-core assets, GeoPark is currently implementing targeted cost reduction and cost efficiency measures that the Company expects will deliver annual savings of approximately $5-7 million in OPEX/G&amp;A costs. These initiatives include immediate adjustments to structure costs, including reductions in our workforce and to consultants, contractors, and other administrative expenses.

Asset Sales

GeoPark Sells Non-Core Oil and Gas Assets in Colombia and Brazil for $20M

GeoPark (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPRK#NYSE">GPRK</a>) reported quarterly earnings of $0.30 per share which missed the analyst consensus estimate of $0.35 by 14.29 percent. This is a 36.17 percent decrease over earnings of $0.47 per share from the same period last year. The company reported quarterly sales of $143.70 million which beat the analyst consensus estimate of $141.00 million by 1.91 percent. This is a 28.04 percent decrease over sales of $199.70 million the same period last year.

Earnings Beats

GeoPark Q4 EPS $0.30 Misses $0.35 Estimate, Sales $143.70M Beat $141.00M Estimate

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• Pampa Energia (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAM#NYSE">PAM</a>) is expected to report quarterly earnings at $0.72 per share on revenue of $450.71 million. 
• GeoPark (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPRK#NYSE">GPRK</a>) is expected to report quarterly earnings at $0.80 per share on revenue of $168.00 million. 
• Orion Office REIT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ONL#NYSE">ONL</a>) is likely to report earnings for its fourth quarter. 
• Silvaco Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SVCO#NASDAQ">SVCO</a>) is likely to report quarterly earnings at $0.13 per share on revenue of $19.62 million. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Earnings Scheduled For March 5, 2025

Offerings

GeoPark Announced The Pricing Of $550,000,000 Aggregate Principal Amount Of 8.750% Senior Notes Due 2030

Geopark Limited Announced Today Geopark And Repsol Have Mutually Agreed Not to Proceed With The Transaction Previously Announced On November 29, 2024, Which Included Repsol's 45% Working Interest In The Cpo-9 Block And Its 25% Interest In Sierracol Energy Arauca LLC.

Geopark Said Unable To Proceed With CPO-9 Block Acquisition

GeoPark shares are trading higher after the company announced it acquired two respective stakes for oil projects in Colombia.

Geopark Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPRK#NYSE">GPRK</a>) shares are trading higher premarket on Friday. The company disclosed that it has signed Sale and Purchase Agreements with Repsol Exploración S.A. and Repsol E&amp;P S.A.R.L to acquire Repsol&#8217;s <a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/b42238963/geopark-announces-exclusive-binding-agreement-to-acquire-repsol-exploration-and-production-assets-" rel="noreferrer noopener">upstream oil and gas assets in Colombia</a>.
The total consideration for the potential acquisition is approximately $530 million, which will be funded through a mix of cash resources and debt.
This includes a non-recourse amortizing debt facility of up to $345 million, led and arranged by Macquarie Bank Limited, highlighting the assets&#8217; secure and strong cash generation profile.
The acquisition includes assets in Colombia&#8217;s Llanos Basin. It covers 100% of Repsol Colombia O&amp;G Limited, holding a 45% stake in the CPO-9 Block (operated by Ecopetrol), and a 25% interest in SierraCol Energy Arauca LLC.
Combined production from these assets was approximately 16,000 boepd net to Repsol as of September 2024.
This acquisition aligns with GeoPark&#8217;s &#8220;North Star&#8221; growth strategy, providing access to valuable, competitively advantaged assets in proven basins.
The transaction is contingent on the satisfaction of certain conditions and customary regulatory approvals, including the waiver or non-execution of preemptive rights by Repsol&#8217;s current partners.
GeoPark had a cash balance of $123.4 million <a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/b41788517/geopark-reports-third-quarter-2024-results" rel="noreferrer noopener">at the end of September</a>.
Price Action: GPRK shares are up 2.20% at $9.29 premarket at the last check Friday.
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Photo via Shutterstock.

Equities

Small Cap

GeoPark Seals $530 Million Colombian Oil & Gas Asset Acquisition Deal With Repsol

GeoPark Inks Binding Agreement To Acquire Repsol's 45% Stake In CPO-9 And 25% In Llanos Norte Oil Projects In Colombia

The Confluencia Norte Block recently completed its first pad of three unconventional wells, which began production in mid-October. This development confirms the presence of the Vaca Muerta formation at the westernmost edge of the block. The pad includes a vertical pilot well, drilled specifically for data acquisition, along with three horizontal wells reaching a total measured depth of 6,300 meters, with 3,000 meters of lateral extension. A high intensity fracturing program was executed across 135 stages, resulting in a current gross production rate of 4,000 bopd during the ongoing flowback and well testing phase, with production currently being transported to and marketed through The Mata Mora Norte Block facility

GeoPark's Confluencia Norte Block Delivers 4,000 BOPD, Confirms High Potential In Vaca Muerta Exploration

GeoPark (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPRK#NYSE">GPRK</a>) reported quarterly earnings of $0.48 per share which missed the analyst consensus estimate of $0.62 by 22.58 percent. This is a 9.09 percent increase over earnings of $0.44 per share from the same period last year. The company reported quarterly sales of $159.50 million which beat the analyst consensus estimate of $159.00 million by 0.32 percent. This is a 16.98 percent decrease over sales of $192.13 million the same period last year.

GeoPark Q3 EPS $0.48 Misses $0.62 Estimate, Sales $159.50M Beat $159.00M Estimate

JP Morgan analyst Felipe Dos Santos maintains GeoPark (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPRK#NYSE">GPRK</a>) with a Overweight and lowers the price target from $12 to $11.

Price Target

Analyst Ratings

JP Morgan Maintains Overweight on GeoPark, Lowers Price Target to $11

GeoPark Receives Approval From The Argentinian Securities Regulator To Issue Up To $500M In Debt Securities Over Next Five Years

JP Morgan analyst Felipe Dos Santos maintains GeoPark (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPRK#NYSE">GPRK</a>) with a Overweight and raises the price target from $11.5 to $12.

JP Morgan Maintains Overweight on GeoPark, Raises Price Target to $12

Guidance

GeoPark Maintains FY24 EBITDA $420M-$550M

Press Releases

GeoPark Reports Fourth Quarter and Full-Year 2024 Results

Portfolio Strengthening: GeoPark Divests Non-Core Assets & Implements Cost Efficiency Initiatives

GeoPark Announces the Filing of Its Form 20-F for Fiscal Year 2024

GeoPark Publishes Its 2024 SPEED/Sustainability Report

GeoPark Announces First Quarter 2025 Operational Update

GeoPark Appoints Felipe Bayon as Chief Executive Officer

GeoPark Reports First Quarter 2025 Results

GeoPark Provides Update on Transaction in Vaca Muerta, Argentina

Commodities

STAMPER ANNOUNCES DEFINITIVE AGREEMENT TO ACQUIRE BISP EXPLORATION INC.

GeoPark Adopts Limited-Duration Shareholder Rights Plan

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