Welcome to our dedicated page for GEOPARK news (Ticker: $GPRK), a resource for investors and traders seeking the latest updates and insights on GEOPARK stock.
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Rhea-AI Summary
GeoPark Limited (NYSE: GPRK) reports a 10% increase in quarterly production, with exploration successes in Colombia and Ecuador. Shareholder returns exceeded full-year targets, and the company maintained a strong balance sheet. The company is divesting non-core operations in Chile and expects to grow production and return value in 2024.
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Rhea-AI Sentiment
End-of-Day
-0.23%
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Rhea-AI Summary
GeoPark Limited (GPRK) announces the appointment of a new CFO and provides an operating activity update in the Llanos Basin in Colombia. The company's 2023 exploration campaign adds 5,500 Bopd Gross and opens new drilling opportunities. The new CFO, Jaime Caballero Uribe, brings more than 25 years of industry and finance experience to GeoPark. The company's exploration campaign in 2023 delivered positive results with multiple new plays being opened, adding new appraisal and delineation activity.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.09%
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Rhea-AI Summary
GPRK: GeoPark Declares $0.134 Quarterly Dividend and Renews Share Buyback Program, Plans Strong Operational and Financial Performance in 2024
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Rhea-AI Sentiment
End-of-Day
8.15%
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Rhea-AI Summary
GeoPark Limited (NYSE: GPRK) reports its consolidated financial results for the three-month period ended September 30, 2023. The company experienced exploration successes, strong free cash flow, and multiple growth opportunities. Oil and gas production averaged 34,778 boepd, with a full-year 2023 average production guidance of 36,000-37,000 boepd. Revenue was $192.1 million, with an adjusted EBITDA of $115.2 million and a net profit of $24.8 million. The company also saw cost and capital efficiency improvements, lower financial expenses, and strengthened its balance sheet. GeoPark is committed to accelerating shareholder returns, with a quarterly dividend of $0.134 per share and a renewed share buyback program.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.15%
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Rhea-AI Summary
GeoPark Limited (NYSE: GPRK) announces its 2024 work program and shareholder return framework, focusing on production, drilling plan, capital expenditures, and expected shareholder returns. The company targets to return 40-50% of free cash flow to shareholders in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.15%
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Rhea-AI Summary
GeoPark announces operational update, including restored production in CPO-5 block and multiple exploration successes in Colombia and Ecuador. Quarterly dividend of $0.132 per share paid. Drilling 10-12 wells in 4Q2023. CFO transition announced.
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Rhea-AI Sentiment
End-of-Day
1.3%
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Rhea-AI Summary
GeoPark provides an update on its operations, including the restoration of production in the CPO-5 block and new exploration successes in the Llanos 123 block and Ecuador. The Indico 6 and Indico 7 wells in the CPO-5 block are gradually increasing production, targeting 4,000 bopd gross each. The Llanos 123 block is currently producing over 2,100 bopd gross. GeoPark is also conducting drilling activities in the Llanos 87 and Llanos 34 blocks. In Ecuador, the Perico Centro 1 well is producing approximately 800 bopd. GeoPark appoints James Deckelman as Chief Exploration Officer.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.52%
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Rhea-AI Summary
GeoPark Limited (NYSE: GPRK) declares a quarterly cash dividend of $0.132 per share, totaling $7.5 million, payable on September 7, 2023, to shareholders of record on August 24, 2023. The company plans to return 40-50% of free cash flow to shareholders while executing self-funded work programs.
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Rhea-AI Sentiment
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0.1%
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Rhea-AI Summary
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0.1%
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Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
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-0.81%
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GEOPARK LIMITED
NYSE:GPRK
GPRK Rankings
GPRK Stock Data
520.32M
33.97M
28.2%
53.13%
0.77%
Crude Petroleum and Natural Gas Extraction
Mining, Quarrying, and Oil and Gas Extraction
United States of America
Nuestra Senora De Los Angeles 179
About GPRK
geopark is a leading independent latin american oil and gas explorer, operator and consolidator with operations and growth platforms in colombia, chile, brazil, argentina, and peru. our strengths are: successful and experienced management and technical team; consistent year - to - year track record of production and reserve growth; attractive portfolio of high potential oil and gas assets; strong balance sheet with supporting cash flow; conservative risk - balanced business approach; active portfolio of new project opportunities throughout latin america; extensive partners and capital network to support new growth; and in-house culture of commitment, care and excellence.