Mar. 6 at 2:43 AM
$GPRK
Earnings
GeoPark reported its Q4 and full-year 2024 financial results, showing resilience despite operational challenges.
Full-year Adjusted EBITDA reached
$416.9 million, down from
$451.9 million in 2023.
The company faced lower production (33,937 boepd vs 36,563 boepd) but achieved higher realized prices (
$65.6/bbl vs
$64.0/bbl).
Key highlights include:
Q4 2024 net profit of
$15.3 million and full-year net profit of
$96.4 million
Operating margin increased to 41% from 36% in 2023
$191.3 million invested in organic capital expenditures
Record shareholder returns of
$73.7 million through dividends and buybacks
Probable reserves increased 41% in 2024, supported by 74.6 mmboe from Vaca Muerta
Cash balance of
$276.8 million at year-end
Net leverage remained low at 0.9x
