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GeoPark (GPRK)
NYSE:GPRK
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Earnings Data
Report Date
Mar 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.73Last Year’s EPS
$0.47Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: 12.10%
|Next Earnings Date:Mar 05, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture, with strong financial metrics like adjusted EBITDA and cash flow generation, alongside challenges such as declining revenue and increased operating costs. The company's strategic expansions and shareholder returns are positive, but operational challenges in key markets like Brazil and increased expenses temper the outlook.Company Guidance
During the GeoPark Limited earnings call for Q3 2024, a comprehensive financial and operational overview was provided by the management team. The net revenue for the quarter was reported at $159 million, a decrease of 16% from the previous quarter, primarily due to lower realized oil prices and production. Despite these challenges, the company maintained a strong adjusted EBITDA of approximately $100 million, reflecting a 63% margin. Over the first nine months of 2024, the adjusted EBITDA rose to $339 million, marking a slight increase compared to the same period in 2023. The company also highlighted a significant increase in cash flow, with cash reserves more than doubling from $66 million in June to $140 million by October. GeoPark's net leverage ratio remained low at 0.8x, with no principal debt maturities until 2027, enabling continued investment in high-value projects. Additionally, the company maintained its quarterly dividends of $7.5 million, with total cash distributed to shareholders reaching $73 million for the year, representing an 18% capital return yield. Key operational highlights included development and appraisal activities in the Llanos 34 Block in Colombia and the Vaca Muerta unconventional oil play in Argentina, with notable production achievements and ongoing exploration efforts. Looking ahead, GeoPark plans to release its 2025 work program and investment guidelines, emphasizing sustainable growth and capital allocation.Strong Adjusted EBITDA and Profitability
Adjusted EBITDA for the quarter was close to $100 million, representing a strong 63% margin. The adjusted EBITDA for the first 9 months of 2024 amounted to $339 million, a 2% increase compared to the same period of 2023.
Significant Cash Flow Generation
Cash flow generation led to a cash build of more than 2x compared to 3 months before, with $66 million in June increasing to $123 million in September and $140 million in October.
Low Net Leverage and No Near-Term Debt Maturities
The company's net leverage ratio remains low at 0.8x with no principal debt maturities until 2027.
Vaca Muerta Expansion
Recent acquisition in the Vaca Muerta unconventional oil play marked a key milestone, achieving a gross average production of 12,600 barrels per day during the quarter and reaching 15,400 barrels per day in August.
Shareholder Returns
Quarterly dividends of $7.5 million were maintained, with total cash distributed to shareholders during the year amounting to $73 million, representing approximately an 18% capital return yield.
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GPRK 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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GPRK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $8.16 | $7.91 | -3.06% |
| Aug 14, 2024 | $9.12 | $8.61 | -5.59% |
| May 15, 2024 | $9.43 | $9.51 | +0.85% |
| Mar 06, 2024 | $7.82 | $8.56 | +9.46% |
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 GeoPark (GPRK) report earnings?
GeoPark (GPRK) is schdueled to report earning on Mar 05, 2025, TBA Not Confirmed.
What is GeoPark (GPRK) earnings time?
GeoPark (GPRK) earnings time is at Mar 05, 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 GPRK EPS forecast?
GPRK EPS forecast for the fiscal quarter 2024 (Q4) is $0.73.
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