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Stock impact report

GeoPark Reports Third Quarter 2024 Results

Geopark Ltd Common Shares (GPRK) 
US:NYSE Investor Relations: geo-park.com/en/investor-support
Company Research Source: Business Wire
Strong Cash Flow GenerationQuarterly Cash Dividend of $0.147 Per Share BOGOTA, Colombia--(BUSINESS WIRE)--GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK), a leading independent Latin American oil and gas explorer, operator, and consolidator, reports its consolidated financial results for the three-month period ended September 30, 2024 (“Third Quarter” or “3Q2024”). A conference call to discuss these financial results will be held on November 7, 2024, at 10:00am (Eastern Standard Time).THIRD QUARTER 2024 FINANCIAL SUMMARYIn 3Q2024, GeoPark delivered solid financial performance with $99.8 million Adjusted EBITDA,1 a margin of 63% and $25.1 million net profit, amidst a softer price environment and operational challenges. Net profit was 1.2% higher than 3Q2023, demonstrating resilient profitability in the context of lower oil prices. Adjusted EBITDA for the nine-month period ended September 30, 2024 was higher than the same period in 2023, underscoring the strength and consis Show less Read more
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