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.
GeoPark Limited (NYSE: GPRK) generates a steady stream of news as an independent energy company with over 20 years of operations across Latin America. Company updates frequently focus on its oil and gas exploration, development, and production activities in Colombia and Argentina, as well as broader portfolio and capital allocation decisions.
Readers following GeoPark news can expect detailed announcements on its strategic plan, including the balance between its core Colombian production base and its growing unconventional position in Argentina’s Vaca Muerta formation. Releases cover operational updates on key blocks such as Llanos 34, Llanos 123, and CPO-5 in Colombia, and the Loma Jarillosa Este and Puesto Silva Oeste blocks in Neuquén Province, Argentina.
News items also include quarterly financial and operational results, reserves assessments certified under PRMS methodology, and guidance on production, capital expenditures, and Adjusted EBITDA under various Brent price scenarios. Corporate developments, such as the completion of acquisitions, debt repurchase programs, dividend policy changes, and Board decisions regarding unsolicited acquisition proposals, are disclosed through press releases and accompanying Form 6-K filings.
This page aggregates GeoPark-related headlines, including operational updates, reserves reports, strategic transactions, and governance matters. Investors and analysts can use it to track how the company executes its two-fold strategy in Colombia and Argentina, monitors costs, manages hedging, and responds to corporate interest from third parties. For ongoing context around GPRK, consider revisiting this news feed regularly to review the latest company-issued information.
GeoPark (NYSE: GPRK) reported its Q1 2025 operational update, achieving pro-forma consolidated production of 36,279 boepd, exceeding 2025 guidance of 35,000 boepd. The company's organic production was 8% lower than Q4 2024 due to the Platanillo Block suspension and Llanos 32 Block divestiture.
Key highlights include:
- Record production of 17,358 boepd in Vaca Muerta during February 2025
- New exploration discovery at Currucutu-1 well producing 1,360 bopd gross
- Strong liquidity with $308 million cash position
- Robust hedge position protecting 70% of expected 2025 production
- Cost efficiency program targeting $5-7 million in annual OPEX and G&A savings
The company completed 9 wells in Q1 2025, including 4 in Vaca Muerta, and announced the divestiture of non-core assets in Llanos 32 Block and Manati gas field, representing ~1,500 boepd in the 2025 work plan.
GeoPark (NYSE: GPRK) has published its 2024 SPEED/Sustainability Report, showcasing significant environmental progress and operational achievements. The company reported a 28% reduction in Scope 1 and 2 greenhouse gas emissions compared to 2020, with emissions intensity reaching 10.3 kgCO₂e/BOE.
Key 2024 highlights include:
- Zero oil spills and environmental fines
- 7.01% reduction in water consumption vs 2023
- Six energy community projects in Colombia's Casanare region
- 100% of employees with climate change KPIs linked to compensation
The company received notable recognition including an AA rating from MSCI ESG Index, inclusion in the S&P Sustainability Yearbook 2025, and multiple awards for environmental leadership. The report follows international frameworks including GRI, SASB, IPIECA, TCFD, UN Global Compact, and SDGs.
GeoPark (NYSE: GPRK), a leading independent energy company with over 20 years of operations across Latin America, has announced the filing of its Form 20-F for the fiscal year ended December 31, 2024, with the Securities and Exchange Commission (SEC).
The Form 20-F can be accessed through the SEC's website or the 'Invest with Us' section of GeoPark's website. Shareholders can request free hard copies of the company's audited financial statements or complete 2024 Form 20-F from the Investor Relations team.
GeoPark (NYSE: GPRK) has announced strategic divestments of non-core assets and cost reduction initiatives to strengthen its portfolio. The company is divesting the non-operated Llanos 32 Block in Colombia and Manati gas field in Brazil for a total of $20 million. These assets had combined reserves of 2.9 mmboe and averaged 712 boepd in 2024.
The Llanos 32 Block is being sold to Parex Resources for $19 million (minus $3.7 million working capital adjustment), while the Manati gas field is being sold for $1 million plus adjustments and contingent payments. The company is also implementing cost reduction measures expected to save $5-7 million annually in OPEX/G&A costs through workforce reductions and other administrative expense cuts.
Additionally, GeoPark is exploring strategic options for its Ecuador assets. These initiatives align with the company's North Star growth strategy, focusing on high-impact, high materiality assets.
GeoPark (NYSE: GPRK) reported its Q4 and full-year 2024 financial results, showing resilience despite operational challenges. Full-year Adjusted EBITDA reached $416.9 million, down from $451.9 million in 2023. The company faced lower production (33,937 boepd vs 36,563 boepd) but achieved higher realized prices ($65.6/bbl vs $64.0/bbl).
Key highlights include:
- Q4 2024 net profit of $15.3 million and full-year net profit of $96.4 million
- Operating margin increased to 41% from 36% in 2023
- $191.3 million invested in organic capital expenditures
- Record shareholder returns of $73.7 million through dividends and buybacks
- Probable reserves increased 41% in 2024, supported by 74.6 mmboe from Vaca Muerta
- Cash balance of $276.8 million at year-end
- Net leverage remained low at 0.9x
GeoPark (NYSE: GPRK) announced its independent oil and gas reserves assessment as of December 31, 2024, certified by D&M under PRMS methodology. The company's 2024 year-end reserves incorporate pro forma figures reflecting the acquisition of four unconventional hydrocarbon blocks in Vaca Muerta, Argentina, which became effective on July 1, 2024.
Key highlights include:
- 2P reserves increased 41% year-on-year to 162.2 mmboe
- 1P reserves reached 102.0 mmboe
- 1P Reserve Life Index (RLI) extended by 54% to 8.2 years
- 2P RLI increased by 44% to 13.1 years
- Pro forma 2P Reserve Replacement of 480%
- 2P NPV10 After Tax of $1.8 billion
- Net debt-adjusted 2P NPV10 After Tax of $27.8 per share
The significant reserves growth was driven by the addition of 74.6 mmboe from Vaca Muerta, partially offset by a 27.5 mmboe decrease in organic 2P reserves due to technical revisions in mature fields, with the Llanos 34 Block accounting for 48% of the reduction.
GeoPark (NYSE: GPRK) has successfully completed a $550 million senior notes offering due 2030, using part of the proceeds to repurchase $405.3 million of its outstanding notes due 2027. The new notes, rated B+ by S&P and Fitch, carry an 8.750% coupon with semi-annual interest payments and will mature on January 31, 2030.
The offering was oversubscribed by approximately 2 times with more than 120 investors from the United States, Europe, Asia and Latin America participating. This refinancing transaction extends GeoPark's average debt life to 4.6 years, representing a 2.6-year extension. Following the transaction, GeoPark's notes outstanding include $94.7 million due 2027 and $550 million due 2030.
GeoPark (NYSE: GPRK) has announced the pricing of U.S.$550,000,000 aggregate principal amount of 8.750% senior notes due 2030. The notes will be guaranteed by GeoPark Colombia S.L.U., GeoPark Colombia S.A.S., and GeoPark Argentina S.A.
The settlement is expected on January 31, 2025. The net proceeds will be used to repurchase the company's outstanding 5.500% senior notes due 2027, repay up to US$152.0 million of outstanding prepayments under an offtake agreement, and any remainder for general corporate purposes, including capital expenditures.
The Notes are being offered privately to qualified institutional buyers under Rule 144A and to non-U.S. persons under Regulation S of the Securities Act.
GeoPark (NYSE: GPRK) announced the results of its cash tender offer for its outstanding 5.500% Senior Notes due 2027. As of the January 27, 2025 expiration time, U.S.$412,753,000 in aggregate principal amount of Notes had been validly tendered, representing approximately 82.6% of the total outstanding Notes.
The settlement is expected to occur on January 31, 2025. Holders who validly tendered their Notes will receive U.S.$1,000 per U.S.$1,000 principal amount, plus accrued and unpaid interest. After the settlement, the remaining outstanding principal amount will be U.S.$87,247,000. The tender offer includes U.S.$12,420,000 of Notes tendered through Guaranteed Delivery procedures.
GeoPark (NYSE: GPRK) has announced its intention to offer senior notes in a private placement to qualified institutional buyers under Rule 144A and to non-U.S. persons under Regulation S of the Securities Act. The company plans to use the proceeds for multiple purposes:
1. To purchase any and all of its outstanding 5.500% notes due 2027
2. To repay up to $152.0 million of outstanding prepayments under an offtake and prepayment agreement
3. Any remaining funds will be used for general corporate purposes, including capital expenditures
The timing and terms of the Notes offering will depend on market conditions. The Notes will not be registered under the Securities Act and will only be offered to qualified institutional buyers and non-U.S. persons.