GeoPark Q2 revenue rises 12% on higher oil prices

GeoPark

04/08/2026 21:54

Overview
Latin America energy producer's Q2 revenue rose 12% from Q1 on higher realized oil prices
Adjusted EBITDA for Q2 grew 3% sequentially, while net income declined from prior quarter
Company cited higher operating costs and absence of prior quarter's non-recurring gain for profit drop

Outlook
Company says 2026 production is hedged with 3-way collars covering 19,000 bopd
GeoPark has hedged 19,000 bopd of expected 2027 production with improved price protection
Company says it is focused on disciplined capital allocation and financial strength during peak investment

Result Drivers
HIGHER REALIZED PRICES - Co said revenue growth was driven by stronger Brent prices and improved realized pricing, supported by narrower Vasconia differentials
OPERATING COSTS - Co said operating costs increased due to higher energy costs, increased activity levels, and appreciation of Colombian and Argentine currencies
CAPITAL INVESTMENT - Co accelerated development in Vaca Muerta and continued infrastructure optimization in Colombia, with capital expenditures focused on drilling, completion, and strategic infrastructure

Company press release: ID:nBw6GwXcRa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
$143.3 mln
 
Q2 Adjusted EBITDA
 
$73.1 mln
 
Q2 Capex
 
$76.4 mln
 
Q2 Operating Income
 
$40.8 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the oil & gas exploration and production peer group is "buy"
Wall Street's median 12-month price target for GeoPark Ltd is $10.90, about 14.7% above its August 3 closing price of $9.50
The stock recently traded at 5 times the next 12-month earnings vs. a P/E of 6 three months ago

Reuters Recommended Reads
Aug 3 - Colombia June oil output falls 2.4%, commercial gas output drops 11.2%
Aug 3 - Ecopetrol flags El Niño preparations as Q2 profit more than triples
Aug 3 - Vitesse Energy Q2 revenue rises on higher oil prices, production

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)