Announcement • Jun 10
GeoPark Limited, Annual General Meeting, Jul 14, 2026 GeoPark Limited, Annual General Meeting, Jul 14, 2026. Location: richmond house, 12 par - la - ville road, hamilton hm 08., Bermuda Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to US$11.19, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 6x in the Oil and Gas industry in the United Kingdom. Total returns to shareholders of 33% over the past three years. New Risk • May 14
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.9x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.9x net interest cover). Minor Risk Shareholders have been diluted in the past year (26% increase in shares outstanding). Declared Dividend • May 11
First quarter dividend of US$0.023 announced Shareholders will receive a dividend of US$0.023. Ex-date: 20th May 2026 Payment date: 4th June 2026 Dividend yield will be 2.5%, which is lower than the industry average of 6.7%. Payout Ratios Payout ratio: 33%. Cash payout ratio: 17%. Reported Earnings • May 07
First quarter 2026 earnings released: EPS: US$0.36 (vs US$0.25 in 1Q 2025) First quarter 2026 results: EPS: US$0.36 (up from US$0.25 in 1Q 2025). Revenue: US$128.4m (down 6.5% from 1Q 2025). Net income: US$20.2m (up 54% from 1Q 2025). Profit margin: 16% (up from 9.5% in 1Q 2025). The increase in margin was driven by lower expenses. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Oil and Gas industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Announcement • Apr 24
GeoPark Limited to Report Q1, 2026 Results on May 06, 2026 GeoPark Limited announced that they will report Q1, 2026 results After-Market on May 06, 2026 New Risk • Apr 15
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 8.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.8x net interest cover). High level of non-cash earnings (24% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (8.2% average weekly change). Profit margins are more than 30% lower than last year (10% net profit margin). Shareholders have been diluted in the past year (26% increase in shares outstanding). Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to US$9.98, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 6x in the Oil and Gas industry in the United Kingdom. Total returns to shareholders of 5.1% over the past three years. New Risk • Apr 07
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 26% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.8x net interest cover). High level of non-cash earnings (24% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (10% net profit margin). Shareholders have been diluted in the past year (26% increase in shares outstanding). Announcement • Mar 21
GeoPark Limited announced that it has received $107 million in funding from Colden Investments S.A. On March 20, 2026, GeoPark Limited closed the transaction. The transaction included participation from single investor. The company has received securities pursuant to Regulation D. Valuation Update With 7 Day Price Move • Mar 20
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to US$10.28, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 6x in the Oil and Gas industry in the United Kingdom. Total returns to shareholders of 17% over the past three years. Announcement • Mar 05
GeoPark Limited announced that it expects to receive $107 million in funding from Colden Investments S.A. GeoPark Limited entered into a Share Purchase Agreement for a private placement to issue 12,876,053 common shares at an issue price of $8.31 for the proceeds of $107,000,000.43 on March 5, 2026. Transaction involves participation of Colden Investments S.A as an investor. Shares have hold period of 18-month. New Risk • Mar 02
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 24% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.6x net interest cover). High level of non-cash earnings (24% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (10% net profit margin). Declared Dividend • Mar 02
Fourth quarter dividend of US$0.03 announced Shareholders will receive a dividend of US$0.03. Ex-date: 11th March 2026 Payment date: 31st March 2026 Dividend yield will be 4.3%, which is lower than the industry average of 6.7%. Sustainability & Growth Dividend is covered by earnings (37% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 66 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 48% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 26
Full year 2025 earnings released: EPS: US$0.96 (vs US$1.84 in FY 2024) Full year 2025 results: EPS: US$0.96 (down from US$1.84 in FY 2024). Revenue: US$492.5m (down 26% from FY 2024). Net income: US$49.7m (down 48% from FY 2024). Profit margin: 10% (down from 15% in FY 2024). Revenue is forecast to grow 36% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Oil and Gas industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Announcement • Feb 26
GeoPark Limited Declares Quarterly Cash Dividend, Payable on March 31, 2026 GeoPark Limited announced Quarterly cash dividend of $0.03 per share, or approximately $1.5 million, payable on March 31, 2026, to shareholders of record at the close of business on March 11, 2026, in line with the revised dividend program approved by the Board. Valuation Update With 7 Day Price Move • Dec 11
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to US$7.17, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 6x in the Oil and Gas industry in the United Kingdom. Total loss to shareholders of 39% over the past three years. Announcement • Dec 02
GeoPark Limited Provides Production Guidance for the Full Years 2025, 2026, 2027 and 2028 GeoPark Limited provided production guidance for the full years 2025, 2026, 2027 and 2028. For the year 2025, the company expects Production of 26,000 boepd-28,000 boepd.
For the year 2026, the company expects Production of 27,000 boepd -30,000 boepd.
For the year 2027, the company expects Production of 32,000 boepd-34,000 boepd.
For the year 2028, the company expects Production of 44,000 boepd-46,000 boepd. New Risk • Nov 10
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 7.8% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 7.8% per year for the foreseeable future. Minor Risks High level of debt (179% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (9.8% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (6.5% net profit margin). Declared Dividend • Nov 09
Third quarter dividend reduced to US$0.03 Dividend of US$0.03 is 80% lower than last year. Ex-date: 19th November 2025 Payment date: 4th December 2025 Dividend yield will be 5.8%, which is lower than the industry average of 6.7%. Sustainability & Growth Dividend is well covered by both earnings (22% earnings payout ratio) and cash flows (30% cash payout ratio). The dividend has increased by an average of 24% per year over the past 6 years. However, payments have been volatile during that time. Earnings per share has grown by 35% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Nov 07
Geopark Limited Announces Quarterly Cash Dividend, Payable on December 4, 2025 GeoPark Limited announced quarterly cash dividend of $0.03 per share, or approximately $1.5 million, payable on December 4, 2025, to shareholders of record at the close of business on November 19, 2025, in line with the revised dividend program approved by the Board following the completion of the Vaca Muerta acquisition, and considering GeoPark’s projected capital needs. Dividend suspension commencing with the 3Q2026 results. The Board will reassess dividends once positive free cash flow generation resumes after the peak investment phase, consistent with GeoPark’s disciplined, returns-based capital framework. Reported Earnings • Nov 06
Third quarter 2025 earnings released: EPS: US$0.31 (vs US$0.49 in 3Q 2024) Third quarter 2025 results: EPS: US$0.31 (down from US$0.49 in 3Q 2024). Revenue: US$125.1m (down 22% from 3Q 2024). Net income: US$15.9m (down 37% from 3Q 2024). Profit margin: 13% (down from 16% in 3Q 2024). Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Oil and Gas industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • Oct 30
Now 35% overvalued after recent price rise Over the last 90 days, the stock has risen 27% to US$8.06. The fair value is estimated to be US$5.99, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 19% over the last 3 years. Earnings per share has declined by 34%. Announcement • Oct 30
Parex Resources Inc. (TSX:PXT) proposed to acquire remaining majority stake in GeoPark Limited (NYSE:GPRK). Parex Resources Inc. (TSX:PXT) proposed to acquire remaining majority stake in GeoPark Limited (NYSE:GPRK) on September 4, 2025. A cash consideration valued at $9 per share will be paid by Parex Resources Inc. Upon completion, Parex Resources Inc. will own 100% stake in GeoPark Limited. The Transaction consideration would be funded by Parex' existing cash and other sources of financing that have been advanced by Parex.
The transaction is subject to approval of offer by target shareholders, definitive agreement and third party approval needed. As on October 15, 2025: After six weeks of not engaging, the Chief Executive Officer of GeoPark informs the Chief Executive Officer of Parex in writing that the GeoPark Board has summarily rejected the Proposal.
The Bank of Nova Scotia acted as financial advisor for Parex Resources Inc. Adam Givertz and Stan Richards of Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal advisor for Parex Resources Inc. Burnet, Duckworth & Palmer LLP acted as legal advisor for Parex Resources Inc. Appleby acted as legal advisor for Parex Resources Inc. Innisfree M&A Incorporated acted as information agent for Parex Resources Inc. Valuation Update With 7 Day Price Move • Oct 27
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to US$6.91, the stock trades at a trailing P/E ratio of 8.1x. Average forward P/E is 5x in the Oil and Gas industry in the United Kingdom. Total loss to shareholders of 44% over the past three years. Announcement • Oct 22
GeoPark Limited Provides Production Guidance for the Full Year 2025 GeoPark Limited provided production guidance for the full year 2025. For the year, the company expects Production of ~30,000 boepd. New Risk • Sep 26
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 5.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 5.2% per year for the foreseeable future. Minor Risks High level of debt (177% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (7.7% net profit margin). Announcement • Sep 26
GeoPark Limited (NYSE:GPRK) entered into an agreement to acquire 12,355 acres Loma Jarillosa Este and Puesto Silva Oeste blocks in Neuquen Province, Argentina from Pluspetrol S.A. for approximately $120 million. GeoPark Limited (NYSE:GPRK) entered into an agreement to acquire 12,355 acres Loma Jarillosa Este and Puesto Silva Oeste blocks in Neuquen Province, Argentina from Pluspetrol S.A. for approximately $120 million on September 25, 2025. GeoPark will pay $117.99 million at closing, funded with available cash, with a security deposit of $22.7 million on the date Pluspetrol and GeoPark entered into the agreement. The agreed price represents a valuation of approximately $9,550 per acre. Amount is subject to customary price adjustments.
The transaction is expected to close before year-end 2025. Declared Dividend • Aug 10
Second quarter dividend of US$0.15 announced Dividend of US$0.15 is the same as last year. Ex-date: 19th August 2025 Payment date: 4th September 2025 Dividend yield will be 9.1%, which is higher than the industry average of 6.7%. Sustainability & Growth Dividend is covered by both earnings (72% earnings payout ratio) and cash flows (30% cash payout ratio). The dividend has increased by an average of 24% per year over the past 6 years. However, payments have been volatile during that time. EPS is expected to grow by 30% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 06
Second quarter 2025 earnings released: US$0.20 loss per share (vs US$0.49 profit in 2Q 2024) Second quarter 2025 results: US$0.20 loss per share (down from US$0.49 profit in 2Q 2024). Revenue: US$119.8m (down 37% from 2Q 2024). Net loss: US$10.3m (down 140% from profit in 2Q 2024). Revenue is expected to decline by 3.8% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the United Kingdom are expected to grow by 11%. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Announcement • Aug 06
GeoPark Limited Announces Quarterly Cash Dividend, Payable on September 4, 2025 GeoPark Limited announced Quarterly cash dividend of $0.147 per share, or approximately $7.5 million, payable on September 4, 2025, to shareholders of record at the close of business on August 19, 2025. Board Change • Aug 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 2 highly experienced directors. Independent Director Brian Maxted was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Jul 17
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 3.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 3.2% per year for the foreseeable future. Minor Risks High level of debt (166% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Announcement • Jul 16
GeoPark Limited to Report Q2, 2025 Results on Aug 06, 2025 GeoPark Limited announced that they will report Q2, 2025 results After-Market on Aug 06, 2025 Announcement • Jun 25
GeoPark Limited, Annual General Meeting, Jul 30, 2025 GeoPark Limited, Annual General Meeting, Jul 30, 2025. Location: clarendon house, 2 church street, 4th floor, hamilton hm 11., Bermuda Declared Dividend • May 12
First quarter dividend of US$0.15 announced Dividend of US$0.15 is the same as last year. Ex-date: 22nd May 2025 Payment date: 5th June 2025 Dividend yield will be 8.7%, which is higher than the industry average of 6.7%. Sustainability & Growth Dividend is well covered by both earnings (29% earnings payout ratio) and cash flows (11% cash payout ratio). The dividend has increased by an average of 24% per year over the past 6 years. However, payments have been volatile during that time. EPS is expected to decline by 18% over the next 3 years. However, it would need to fall by 68% to increase the payout ratio to a potentially unsustainable range. Reported Earnings • May 09
First quarter 2025 earnings released: EPS: US$0.26 (vs US$0.55 in 1Q 2024) First quarter 2025 results: EPS: US$0.26 (down from US$0.55 in 1Q 2024). Revenue: US$137.3m (down 18% from 1Q 2024). Net income: US$13.1m (down 57% from 1Q 2024). Profit margin: 9.5% (down from 18% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the United Kingdom are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has fallen by 25% per year, which means it is performing significantly worse than earnings. Announcement • May 08
Geopark Limited Declares Quarterly Cash Dividend, Payable on June 5, 2025 GeoPark Limited declared a quarterly cash dividend of $0.147 per share (approximately $7.5 million), payable on June 5, 2025. Announcement • Apr 24
GeoPark Limited to Report Q1, 2025 Results on May 07, 2025 GeoPark Limited announced that they will report Q1, 2025 results at 4:00 PM, US Eastern Standard Time on May 07, 2025 Reported Earnings • Apr 06
Full year 2024 earnings released: EPS: US$1.84 (vs US$1.95 in FY 2023) Full year 2024 results: EPS: US$1.84 (down from US$1.95 in FY 2023). Revenue: US$660.8m (down 13% from FY 2023). Net income: US$96.4m (down 13% from FY 2023). Profit margin: 15% (in line with FY 2023). Oil reserves Proven reserves: 57.252 MMbbls Gas reserves Proven reserves: 7 Bcf Combined production Oil equivalent production: 12.421 MMboe (13.345 MMboe in FY 2023) Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the United Kingdom are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 25% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to US$6.61, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 4x in the Oil and Gas industry in the United Kingdom. Total loss to shareholders of 51% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$5.26 per share. Declared Dividend • Mar 10
Fourth quarter dividend of US$0.15 announced Shareholders will receive a dividend of US$0.15. Ex-date: 19th March 2025 Payment date: 31st March 2025 Dividend yield will be 7.3%, which is higher than the industry average of 6.7%. Sustainability & Growth Dividend is well covered by both earnings (32% earnings payout ratio) and cash flows (11% cash payout ratio). The dividend has increased by an average of 29% per year over the past 5 years. However, payments have been volatile during that time. EPS is expected to grow by 1.1% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 06
Full year 2024 earnings released: EPS: US$1.88 (vs US$1.95 in FY 2023) Full year 2024 results: EPS: US$1.88 (down from US$1.95 in FY 2023). Revenue: US$661.0m (down 13% from FY 2023). Net income: US$96.4m (down 13% from FY 2023). Profit margin: 15% (in line with FY 2023). Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 1.3% decline forecast for the Oil and Gas industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings. Announcement • Feb 26
GeoPark Limited Announces Pro Forma 2P Reserve Replacement of 480% GeoPark Limited announced its independent oil and gas reserves assessment1, certified by D&M under PRMS methodology, as of December 31, 2024. The Company's 2024 year-end reserves, related net present values, and other information included in this release incorporate pro forma figures reflecting the acquisition of four unconventional hydrocarbon blocks in Vaca Muerta, Argentina. This acquisition became effective on July 1, 2024, and is undergoing customary regulatory approvals from the respective provincial governments. 2024 Year-End D&M Certified Oil and Gas Reserves and Highlights: GeoPark's 2024 year-end reserves reflect the ongoing upgrade and recalibration of the Company's asset base, driven by the incorporation of the Vaca Muerta blocks and adjustments in its Colombian portfolio. 2P reserves increased 41% year-on-year on a pro-forma basis, supported by the addition of 74.6 mmboe from Vaca Muerta. At December 31, 2024, 1P reserves of 102.0 mmboe and 2P reserves of 162.2 mmboe showed that the Company extended its 1P RLI by 54% to 8.2 years, and its 2P RLI by 44% to 13.1 years. Organic 2P reserves (excluding the Vaca Muerta block) decreased by approximately 27.5 mmboe, after producing 12.4 mmboe in 2024, mainly due to technical revisions in mature fields, with the Llanos 34 Block accounting for 48% of the reduction. This decline was driven by updated reservoir performance assessments, well-type revisions, and factors such as reduced drilling activity and suboptimal well performance, and was partially offset by additional reserves from ongoing high-value, low-risk drilling campaigns and reservoir management efficiencies. Looking ahead, GeoPark remains focused on the full optimized development of the Llanos 34 Block, with material net 2P reserves at 64.5 mmboe as estimated by D&M. The strategy includes expanding waterflooding, piloting polymer flooding, targeted workover campaigns, advanced technologies to reduce water production and addressing potential facility bottlenecks to enhance production capacity. The success of these efforts would mitigate decline rates, improve long-term performance, and maximize recovery from the asset. Following 2024's strategic progress, GeoPark's portfolio is now strategically balanced and diversified, combining the high growth trajectory and potential of the Vaca Muert a blocks with the established, mature production flows from the Llanos 34 and CPO-5 blocks. Approximately 90% of the Company's 2P reserves are concentrated in these three core assets, providing a focused platform for delivery going forward. New Risk • Jan 30
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 4.8% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 4.8% per year for the foreseeable future. Minor Risks High level of debt (192% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.7% average weekly change). Announcement • Jan 21
GeoPark Limited to Report Q4, 2024 Results on Mar 05, 2025 GeoPark Limited announced that they will report Q4, 2024 results After-Market on Mar 05, 2025 Announcement • Jan 17
Geopark Limited Provides Production Guidance for the Full Year 2025 GeoPark Limited provided production guidance for the full year 2025. For the year, the company expects Average Production of 35,000 boepd (± 2,500 boepd). Valuation Update With 7 Day Price Move • Jan 03
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to US$10.14, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 5x in the Oil and Gas industry in the United Kingdom. Total loss to shareholders of 2.8% over the past three years. Valuation Update With 7 Day Price Move • Dec 19
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to US$9.36, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 5x in the Oil and Gas industry in the United Kingdom. Total loss to shareholders of 8.9% over the past three years. New Risk • Dec 02
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (192% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.8% average weekly change). Valuation Update With 7 Day Price Move • Dec 02
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to US$10.42, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 4x in the Oil and Gas industry in the United Kingdom. Total returns to shareholders of 6.8% over the past three years. Announcement • Nov 13
GeoPark Limited Announces Exploration Success At Confluencia Norte GeoPark Limited announced the successful start of production in the Confluencia Norte Block (GeoPark non-operated, 50% WI) in Rio Negro, Argentina. This marks a major de-risking achievement in GeoPark's partnership with Phoenix Global Resources ("PGR") in the Vaca Muerta formation. The Confluencia Norte Block recently completed its first pad of three unconventional wells, which began production in mid-October. This development confirms the presence of the Vaca Muerta formed at the westernmost edge of the block. The pad includes a vertical pilot well, drilled specifically for data acquisition, along with three horizontal wells reaching a total measured depth of 6,300 meters, with 3,000 meters of lateral extension. A high intensity fracturing program was executed across 135 stages, resulting in a current gross production rate of 4,000 bopd during the ongoing flowback and well testing phase, with production currently being transported to and marketed through The Mata Mora Norte Block facility. The wells are still cleaning up and are expected to reach their peak production within 90 days of the production start, highlighting the block's rich petrophysical properties, which are comparable to those found in the Mata Mora Norte Block (Geo Park non-operated, 45% WI). As part of its exploration commitment in the Confluencia Norto and Sur blocks, PGR has completed the acquisition of 228 km2 of 3D seismic data, which is currently undergoing interpretation. This data will be crucial in defining the upcoming drilling program, which includes a further four wells that PGR will drill as part of its commitment. PGR and GeoPark are working closely to expand the exploration and development of these assets. Declared Dividend • Nov 11
Third quarter dividend of US$0.15 announced Shareholders will receive a dividend of US$0.15. Ex-date: 21st November 2024 Payment date: 6th December 2024 Dividend yield will be 7.3%, which is higher than the industry average of 6.7%. Sustainability & Growth Dividend is well covered by both earnings (29% earnings payout ratio) and cash flows (18% cash payout ratio). The dividend has increased by an average of 29% per year over the past 5 years. However, payments have been volatile during that time. EPS is expected to grow by 47% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 08
Third quarter 2024 earnings released: EPS: US$0.49 (vs US$0.44 in 3Q 2023) Third quarter 2024 results: EPS: US$0.49 (up from US$0.44 in 3Q 2023). Revenue: US$159.5m (down 17% from 3Q 2023). Net income: US$25.1m (up 1.4% from 3Q 2023). Profit margin: 16% (up from 13% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 1.9% decline forecast for the Oil and Gas industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Announcement • Oct 09
GeoPark Limited to Report Q3, 2024 Results on Nov 06, 2024 GeoPark Limited announced that they will report Q3, 2024 results After-Market on Nov 06, 2024 Declared Dividend • Aug 19
Second quarter dividend of US$0.15 announced Shareholders will receive a dividend of US$0.15. Ex-date: 29th August 2024 Payment date: 12th September 2024 Dividend yield will be 6.2%, which is lower than the industry average of 6.7%. Sustainability & Growth Dividend is well covered by both earnings (28% earnings payout ratio) and cash flows (22% cash payout ratio). The dividend has increased by an average of 29% per year over the past 5 years. However, payments have been volatile during that time. EPS is expected to grow by 27% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 16
Second quarter 2024 earnings released: EPS: US$0.49 (vs US$0.59 in 2Q 2023) Second quarter 2024 results: EPS: US$0.49 (down from US$0.59 in 2Q 2023). Revenue: US$190.2m (up 4.3% from 2Q 2023). Net income: US$25.7m (down 24% from 2Q 2023). Profit margin: 14% (down from 19% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the United Kingdom are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Jul 22
GeoPark Limited to Report Q2, 2024 Results on Aug 14, 2024 GeoPark Limited announced that they will report Q2, 2024 results at 4:00 PM, US Eastern Standard Time on Aug 14, 2024 Announcement • Jun 18
GeoPark Limited, Annual General Meeting, Jul 24, 2024 GeoPark Limited, Annual General Meeting, Jul 24, 2024. Location: clarendon house, 2 church street, 4th floor, hamilton hm 11, bermuda, Bermuda Upcoming Dividend • May 24
Upcoming dividend of US$0.15 per share Eligible shareholders must have bought the stock before 31 May 2024. Payment date: 14 June 2024. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 5.6%. Lower than top quartile of British dividend payers (5.7%). Higher than average of industry peers (4.4%). Reported Earnings • May 16
First quarter 2024 earnings released: EPS: US$0.55 (vs US$0.45 in 1Q 2023) First quarter 2024 results: EPS: US$0.55 (up from US$0.45 in 1Q 2023). Revenue: US$167.5m (down 8.2% from 1Q 2023). Net income: US$30.2m (up 15% from 1Q 2023). Profit margin: 18% (up from 14% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the United Kingdom are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Announcement • Apr 27
GeoPark Limited to Report Q1, 2024 Results on May 15, 2024 GeoPark Limited announced that they will report Q1, 2024 results After-Market on May 15, 2024 Announcement • Apr 26
GeoPark Limited Provides Production Guidance for the Full Year 2024 GeoPark Limited provided production guidance for the full year 2024. For the year, the company expects consolidated production guidance was adjusted to 35,500 boepd - 39,000 boepd. Upcoming Dividend • Mar 12
Upcoming dividend of US$0.14 per share Eligible shareholders must have bought the stock before 19 March 2024. Payment date: 28 March 2024. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 5.8%. Lower than top quartile of British dividend payers (6.1%). Higher than average of industry peers (4.7%). Declared Dividend • Mar 10
Fourth quarter dividend of US$0.14 announced Shareholders will receive a dividend of US$0.14. Ex-date: 19th March 2024 Payment date: 28th March 2024 Dividend yield will be 5.8%, which is lower than the industry average of 6.7%. Sustainability & Growth Dividend is well covered by both earnings (27% earnings payout ratio) and cash flows (10% cash payout ratio). The dividend has increased by an average of 35% per year over the past 4 years. However, payments have been volatile during that time. EPS is expected to grow by 43% over the next 2 years, which should provide support to the dividend and adequate earnings cover. New Risk • Mar 07
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 15% Last year net profit margin: 21% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks High level of debt (209% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (15% net profit margin). Reported Earnings • Mar 07
Full year 2023 earnings released: EPS: US$1.98 (vs US$3.78 in FY 2022) Full year 2023 results: EPS: US$1.98 (down from US$3.78 in FY 2022). Revenue: US$756.6m (down 28% from FY 2022). Net income: US$111.1m (down 51% from FY 2022). Profit margin: 15% (down from 21% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 1.6% decline forecast for the Oil and Gas industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Announcement • Mar 07
GeoPark Limited Declares Quarterly Cash Dividend, Payable on March 28, 2024 GeoPark Limited - announced that its Board of Directors has declared a quarterly cash dividend of $0.136 per share ($7.5 million in the aggregate) payable on March 28, 2024, to the shareholders of record at the close of business on March 20, 2024. Announcement • Jan 18
GeoPark Limited Provides Production Guidance for the Year 2024 GeoPark Limited provided production guidance for the year 2024. 2024 production guidance of 37,000-40,000 boepd (assuming no production from the exploration drilling program), 1-9% production growth versus full-year 2023. Announcement • Dec 21
GeoPark Limited Appoints Jaime Caballero Uribe as CFO, Effective January 15, 2024 GeoPark Limited announced the appointment of Jaime Caballero Uribe to the position of CFO, effective January 15, 2024. Jaime will be responsible for GeoPark's financial stewardship and associated activities, including capital allocation, business planning, performance management and execution, oil and gas marketing/commercial, capital markets, shareholder value, tax, financial reporting and information technology. He brings more than 25 years of industry and finance experience to GeoPark, including senior positions in large corporations as well as in start-ups and entrepreneurial businesses. Until August 2023, Jaime was Group CFO at Ecopetrol the largest corporation in Colombia and one of the 400 largest companies in the world where he helped the management team achieve various performance records, including the delivery of more than $20 billion in growth financing and debt refinance. During his tenure, he was recognized by the Institutional Investor publication as one of the top three sector CFOs in Latin America. Previously, he held multiple positions at BP plc over 17 years, where his most recent appointment was CFO for the Brazil Region, which includes Colombia, Uruguay and Venezuela. Jaime holds a degree in Law from Universidad de los Andes, an MBA in Energy Business from Fundaçao Getulio Vargas, and certificates in CFO Excellence from Wharton and Energy Innovation and Emerging Technologies from Stanford. Upcoming Dividend • Nov 18
Upcoming dividend of US$0.13 per share at 5.8% yield Eligible shareholders must have bought the stock before 24 November 2023. Payment date: 11 December 2023. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 5.8%. Lower than top quartile of British dividend payers (6.2%). In line with average of industry peers (6.4%). Reported Earnings • Nov 09
Third quarter 2023 earnings released: EPS: US$0.44 (vs US$1.24 in 3Q 2022) Third quarter 2023 results: EPS: US$0.44 (down from US$1.24 in 3Q 2022). Revenue: US$192.2m (down 26% from 3Q 2022). Net income: US$24.8m (down 66% from 3Q 2022). Profit margin: 13% (down from 28% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 1.8% decline forecast for the Oil and Gas industry in the United Kingdom. Announcement • Nov 09
GeoPark Limited Announces Quarterly Cash Dividend, Payable on December 11, 2023 GeoPark Limited announced that its Board of Directors has declared a quarterly cash dividend of $0.134 per share ($7.5 million in the aggregate) payable on December 11, 2023, to the shareholders of record at the close of business on November 27, 2023. New Risk • Oct 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (280% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.1% average weekly change). Upcoming Dividend • Aug 17
Upcoming dividend of US$0.13 per share at 5.4% yield Eligible shareholders must have bought the stock before 23 August 2023. Payment date: 07 September 2023. Payout ratio is a comfortable 8.1% and this is well supported by cash flows. Trailing yield: 5.4%. Lower than top quartile of British dividend payers (6.2%). Lower than average of industry peers (6.6%). Announcement • Aug 10
GeoPark Limited Announces Quarterly Cash Dividend, Payable on September 7, 2023 GeoPark Limited announced that its Board of Directors has declared a quarterly cash dividend of $0.132 per share ($7.5 million in the aggregate) payable on September 7, 2023, to the shareholders of record at the close of business on August 24, 2023. Reported Earnings • Aug 10
Second quarter 2023 earnings released: EPS: US$0.59 (vs US$1.13 in 2Q 2022) Second quarter 2023 results: EPS: US$0.59 (down from US$1.13 in 2Q 2022). Revenue: US$182.3m (down 41% from 2Q 2022). Net income: US$33.8m (down 50% from 2Q 2022). Profit margin: 19% (down from 22% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is expected to fall by 1.2% p.a. on average during the next 3 years compared to a 2.6% decline forecast for the Oil and Gas industry in the United Kingdom. Announcement • Jul 18
GeoPark Limited to Report Q2, 2023 Results on Aug 09, 2023 GeoPark Limited announced that they will report Q2, 2023 results at 4:00 PM, US Eastern Standard Time on Aug 09, 2023 Announcement • Jun 07
GeoPark Limited, Annual General Meeting, Jul 19, 2023 GeoPark Limited, Annual General Meeting, Jul 19, 2023, at 13:00 Coordinated Universal Time. Location: Clarendon House, 2 Church Street, 4 th Floor, Hamilton HM 11, Bermuda Hamilton Bermuda Agenda: To consider the re-election of directors; to appoint Pistrelli, Henry Martin y Asociados S.R.L. as independent auditors of the Company; to authorize the Audit Committee to fix the remuneration of the Auditors of the Company; and to discuss the audited consolidated financial statements for the fiscal year ended December 31, 2022, and the auditor's report thereon. Upcoming Dividend • May 10
Upcoming dividend of US$0.13 per share at 4.8% yield Eligible shareholders must have bought the stock before 17 May 2023. Payment date: 31 May 2023. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 4.8%. Lower than top quartile of British dividend payers (5.8%). Lower than average of industry peers (6.1%). Reported Earnings • May 04
First quarter 2023 earnings released: EPS: US$0.46 (vs US$0.52 in 1Q 2022) First quarter 2023 results: EPS: US$0.46 (down from US$0.52 in 1Q 2022). Revenue: US$182.4m (down 27% from 1Q 2022). Net income: US$26.3m (down 15% from 1Q 2022). Profit margin: 14% (up from 12% in 1Q 2022). The increase in margin was driven by lower expenses. Revenue is expected to fall by 1.8% p.a. on average during the next 3 years compared to a 4.6% decline forecast for the Oil and Gas industry in the United Kingdom. Board Change • Apr 19
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Director Brian Maxted was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Board Change • Mar 16
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Director Brian Maxted was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Mar 14
Upcoming dividend of US$0.13 per share at 4.4% yield Eligible shareholders must have bought the stock before 21 March 2023. Payment date: 31 March 2023. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 4.4%. Lower than top quartile of British dividend payers (5.9%). Lower than average of industry peers (6.0%). Reported Earnings • Mar 12
Full year 2022 earnings released: EPS: US$3.83 (vs US$1.00 in FY 2021) Full year 2022 results: EPS: US$3.83 (up from US$1.00 in FY 2021). Revenue: US$1.05b (up 52% from FY 2021). Net income: US$224.4m (up 267% from FY 2021). Profit margin: 21% (up from 8.9% in FY 2021). The increase in margin was driven by higher revenue. Revenue is expected to fall by 9.2% p.a. on average during the next 3 years compared to a 4.5% decline forecast for the Oil and Gas industry in the United Kingdom. 
