GeoPark (GPRK) has released an update.
GeoPark Limited, a leading independent Latin American oil and gas company, reported strong financial results for Q1 2024, with $111.5 million in Adjusted EBITDA and a 15% increase in net profit compared to Q1 2023. Despite a slight decrease in production due to divestments, the company maintained a robust balance sheet, ending the quarter with $150.7 million in cash and rewarding shareholders with a quarterly dividend of $0.147 per share. GeoPark’s focus remains on developing core operations and integrating new assets, setting a positive outlook for the remainder of 2024.
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