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Gulf Keystone Petroleum Limited (GB:GKP)
LSE:GKP
Earnings Data
Report Date
Aug 28, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.77Last Year’s EPS
0Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 20, 2025
|% Change Since: 1.65%
|Next Earnings Date:Aug 28, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a positive operational and financial performance for 2024, with significant improvements in production and financial metrics. Shareholder returns were resumed, and cost control measures were effective. However, challenges remain regarding the restart of pipeline exports and achieving higher realized prices. The company's outlook for 2025 is optimistic, with continued production guidance and cost management.Company Guidance
In the 2024 call, Gulf Keystone reported a robust operational and financial performance, with gross average production reaching 40,689 barrels of oil per day and a peak of 48,500 barrels in September. The company successfully generated $65 million in free cash flow, driven by a 52% increase in adjusted EBITDA to $76 million and a 69% reduction in net capital expenditure to $18 million. Shareholder distributions resumed with a total of $45 million, including a $25 million interim dividend. The company maintained a cash balance of $115 million as of the call date. Looking forward to 2025, Gulf Keystone reiterated its production guidance of 40,000 to 45,000 barrels per day, contingent upon stable local market demand, and outlined plans for $25 million to $30 million in net CapEx focused on maintenance and production optimization. The company also engaged in ongoing discussions with the Kurdistan and Iraqi governments about restarting pipeline exports, which could significantly enhance cash flow and shareholder value.Strong Operational Performance
In 2024, Gulf Keystone returned to consistently strong production levels with volumes almost doubling, supported by a full year of local sales. They achieved this with zero lost time incidents and have been operating almost 800 days without a lost time injury.
Financial Improvements
Adjusted EBITDA increased by 52% to $76 million in 2024, driven by an 86% increase in gross average production. Free cash flow generation was strengthened, resulting in a $65 million inflow, compared to a $13 million outflow in the previous year.
Shareholder Returns
Shareholder distributions resumed with $45 million distributed in 2024, including a $25 million interim dividend in April 2025. The total shareholder return was 24% for 2024.
Low Operating Costs
Gross OpEx per barrel decreased by 21% to $4.4 per barrel, maintaining Gulf Keystone's position as a leading low-cost operator among peers.
Positive Outlook for 2025
For 2025, the company reiterates guidance for average production of 40,000 to 45,000 barrels of oil per day, with stable local sales demand and ongoing cost control.
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GB:GKP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GB:GKP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 20, 2025 | 199.50p | 203.40p | +1.95% |
| Aug 29, 2024 | 119.89p | 118.85p | -0.87% |
| Mar 21, 2024 | 99.54p | 95.62p | -3.94% |
| Aug 31, 2023 | 94.16p | 85.40p | -9.30% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Gulf Keystone Petroleum Limited (GB:GKP) report earnings?
Gulf Keystone Petroleum Limited (GB:GKP) is schdueled to report earning on Aug 28, 2025, TBA Not Confirmed.
What is Gulf Keystone Petroleum Limited (GB:GKP) earnings time?
Gulf Keystone Petroleum Limited (GB:GKP) earnings time is at Aug 28, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Gulf Keystone Petroleum Limited stock?
The P/E ratio of Gulf Keystone Petroleum is N/A.
What is GB:GKP EPS forecast?
GB:GKP EPS forecast for the fiscal quarter 2025 (Q2) is 0.77.
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