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1. Company Snapshot

1.a. Company Description

GeoPark Limited engages in the exploration, development, and production of oil and gas reserves in Chile, Colombia, Brazil, Argentina, and Ecuador.As of December 31, 2021, the company had working and/or economic interests in 42 hydrocarbons blocks.It had net proved reserves of 87.8 million barrels of oil equivalent.


GeoPark Limited has a strategic partnership with ONGC Videsh to jointly acquire, invest in, and create value from upstream oil and gas projects across Latin America.The company was formerly known as GeoPark Holdings Limited and changed its name to GeoPark Limited in July 2013.GeoPark Limited was founded in 2002 and is based in Bogotá, Colombia.

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1.b. Last Insights on GPRK

GeoPark Limited's recent performance was driven by a definitive agreement with Frontera Energy Corporation to divest its Colombian E&P assets portfolio for a firm value of $622 million. This transaction is expected to deliver cash to shareholders at closing, with a further $25 million contingent payment upon achievement of specified development milestones. Additionally, the company's institutional ownership remains strong, with 68.2% of shares owned by institutional investors.

1.c. Company Highlights

2. GeoPark's Q3 2025 Earnings: A Strong Performance Amidst Strategic Expansion

GeoPark reported a robust third quarter, with average consolidated production reaching 28,136 barrels of oil equivalent per day, exceeding 2025 guidance and marking a nearly 3% quarter-over-quarter increase. The company's operating costs averaged $12.5 per barrel, in line with 2025 guidance. Earnings per share (EPS) came in at $0.42, beating analyst estimates of $0.31. Revenue growth is expected to be negative next year, with analysts estimating a -3.8% growth rate.

Publication Date: Nov -12

📋 Highlights
  • Acquisition of Vaca Muerta Assets: GeoPark secured full operational control of Loma Jarillosa Este and Puesto Silva Oeste, entering a key unconventional basin with potential for 1,600–1,700 barrels of oil per day by Q4 2025.
  • 2030 Strategic Targets: Aims for 42,000–46,000 BOE/d production, $520–550 million adjusted EBITDA, and a net leverage ratio of 0.8–1.0, driven by growth in Colombia and Argentina.
  • Q3 2025 Performance: Delivered 28,136 BOE/d production, exceeding guidance, with operating costs at $12.5 per barrel and $17.5 million in capex to sustain Colombia operations.
  • Vaca Muerta CapEx: $50–70 million planned for 2026, fully funded by $100 million local credit lines and long-term debt options, targeting 20,000 BOE/d and $300–350 million incremental EBITDA by 2026–2027.
  • Colombian Exploration Gains: Llanos 123’s Currucutu well produced 400 BOPD, with ongoing drilling in Llanos 123 and 104 to expand production, supporting reserves replacement over 100% via exploration and development.

Operational Highlights and Strategic Progress

The company has made significant strides in its strategic expansion, particularly with the acquisition of two high-quality blocks in Vaca Muerta, Neuquen, Argentina. GeoPark has commenced interventions on the wells and plans to put three wells into production within the next 10 days, targeting a total production of 1,600-1,700 barrels of oil per day from Vaca Muerta. As Rodolfo Terrado mentioned, they have a solid team in place with experience in unconventional operations and a robust development plan for the North block.

Capital Allocation and Funding

GeoPark has outlined a capital expenditure range of $50 million to $70 million for next year, primarily focused on the Vaca Muerta acquisition. The company has secured funding through existing credit lines in Argentina, with up to $100 million available from local banks. Additionally, GeoPark is exploring oil prepayments and debt issuance in Argentina for long-term financing. According to Felipe Bayon Pardo, the capital allocation process is designed to deliver competitive returns, with double-digit returns at a 15% discount rate and a $60 Brent price.

Valuation and Growth Prospects

GeoPark's current valuation metrics indicate a Price-to-Earnings (P/E) ratio of 9.93, a Price-to-Book (P/B) ratio of 2.11, and an EV/EBITDA ratio of 2.72. The company's return on equity (ROE) stands at 21.26%, and its net debt to EBITDA ratio is 1.29. With the Vaca Muerta acquisition expected to bring significant EBITDA and volume growth, the company's long-term prospects appear promising. Analysts will be watching closely as GeoPark presents its long-term plan and work program in the coming weeks.

3. NewsRoom

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Parex Resources Announces Nomination of Six Directors to GeoPark's Board

Feb -20

Source: globenewswire.com

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Head to Head Review: Geopark (NYSE:GPRK) & ERHC Energy (OTCMKTS:ERHE)

Feb -19

Source: defenseworld.net

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FRONTERA ANNOUNCES DEFINITIVE AGREEMENT WITH GEOPARK TO DIVEST ITS COLOMBIAN E&P ASSETS PORTFOLIO FOR A FIRM VALUE OF $622 MILLION

Jan -30

Source: prnewswire.com

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Analyzing Geopark (NYSE:GPRK) and HKN (OTCMKTS:HKNI)

Jan -26

Source: defenseworld.net

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Copperhead Resources Announces Changes in Officers

Jan -05

Source: globenewswire.com

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Geopark (NYSE:GPRK) Stock Price Passes Below 50-Day Moving Average – Time to Sell?

Dec -23

Source: defenseworld.net

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Parex Resources Announces Update on Discussions with GeoPark Regarding a Potential Business Combination

Dec -09

Source: globenewswire.com

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GeoPark Limited (GPRK) Q3 2025 Earnings Call Transcript

Nov -07

Source: seekingalpha.com

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (4.95%)

6. Segments

Crude Oil

Expected Growth: 5%

GeoPark Limited's 5% growth in Crude Oil is driven by increasing demand from Asian markets, improved operational efficiency, and strategic acquisitions. Additionally, the company's focus on exploration and production in Latin America, particularly in Colombia and Chile, has led to increased reserves and production. Furthermore, favorable oil prices and a strong balance sheet have enabled the company to invest in growth initiatives.

Gas

Expected Growth: 4%

GeoPark Limited's 4% growth in gas segment is driven by increasing demand from Latin American markets, successful exploration and production activities in Chile and Colombia, and strategic partnerships to expand operations. Additionally, favorable government policies and rising global energy prices contribute to the growth.

Purchased Crude Oil

Expected Growth: 3%

The 3% growth in purchased crude oil from GeoPark Limited is driven by increasing global energy demand, improved oil prices, and GeoPark's expanded production capacity in Chile and Colombia. Additionally, the company's strategic partnerships and efficient operational costs have contributed to the growth.

Reconciling Items

Expected Growth: 2%

GeoPark Limited's 2% growth is driven by increasing oil prices, successful exploration and production activities in Chile and Colombia, and strategic acquisitions. Additionally, the company's focus on cost optimization, operational efficiencies, and reserve replacement have contributed to its growth. Furthermore, GeoPark's diversified portfolio and strong financial position have enabled it to capitalize on new opportunities and weather industry volatility.

7. Detailed Products

Oil and Gas Exploration

GeoPark Limited is involved in the exploration, development, and production of oil and natural gas in Chile, Colombia, Brazil, and Argentina.

Hydrocarbon Production

GeoPark Limited produces oil and natural gas from its operated fields in Chile, Colombia, Brazil, and Argentina.

Reservoir Engineering

GeoPark Limited provides reservoir engineering services to optimize hydrocarbon recovery from its operated fields.

Drilling and Well Services

GeoPark Limited offers drilling and well services to support its exploration and production activities.

Geological and Geophysical Services

GeoPark Limited provides geological and geophysical services to support its exploration and production activities.

8. GeoPark Limited's Porter Forces

Forces Ranking

Threat Of Substitutes

GeoPark Limited operates in the oil and gas industry, which has few substitutes. However, the increasing focus on renewable energy sources poses a moderate threat of substitutes.

Bargaining Power Of Customers

GeoPark Limited's customers, primarily oil and gas companies, have limited bargaining power due to the company's specialized services and limited competition.

Bargaining Power Of Suppliers

GeoPark Limited's suppliers, primarily equipment and service providers, have moderate bargaining power due to the company's dependence on specialized equipment and services.

Threat Of New Entrants

The oil and gas industry has high barriers to entry, including significant capital requirements and regulatory hurdles, making it difficult for new entrants to compete with GeoPark Limited.

Intensity Of Rivalry

The oil and gas industry is highly competitive, with many established players competing for market share, leading to a high intensity of rivalry for GeoPark Limited.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 74.34%
Debt Cost 10.47%
Equity Weight 25.66%
Equity Cost 10.47%
WACC 10.47%
Leverage 289.68%

11. Quality Control: GeoPark Limited passed 4 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
Headwater Exploration

A-Score: 7.8/10

Value: 5.0

Growth: 9.7

Quality: 8.2

Yield: 8.0

Momentum: 9.0

Volatility: 6.7

1-Year Total Return ->

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Stock-Card
Cardinal Energy

A-Score: 7.2/10

Value: 6.3

Growth: 4.2

Quality: 6.6

Yield: 10.0

Momentum: 8.5

Volatility: 7.7

1-Year Total Return ->

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Stock-Card
Deutsche Rohstoff

A-Score: 6.8/10

Value: 7.9

Growth: 9.1

Quality: 6.2

Yield: 5.6

Momentum: 9.5

Volatility: 2.7

1-Year Total Return ->

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Stock-Card
Dorchester Minerals

A-Score: 6.8/10

Value: 5.3

Growth: 5.8

Quality: 9.2

Yield: 10.0

Momentum: 1.5

Volatility: 9.0

1-Year Total Return ->

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Stock-Card
VAALCO Energy

A-Score: 5.8/10

Value: 7.7

Growth: 6.7

Quality: 5.7

Yield: 9.0

Momentum: 1.0

Volatility: 5.0

1-Year Total Return ->

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Stock-Card
GeoPark

A-Score: 5.5/10

Value: 7.4

Growth: 3.6

Quality: 5.7

Yield: 9.0

Momentum: 2.5

Volatility: 4.8

1-Year Total Return ->

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Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

8.6$

Current Price

8.6$

Potential

-0.00%

Expected Cash-Flows