GeoPark Reports Third Quarter 2026 Results
GeoPark's 3Q2026 revenue fell 19% quarter-over-quarter to $116.2 million as wider crude differentials crushed realized prices to $56.2/boe from $67.2/boe, with Adjusted EBITDA down 37% to $45.8 million. Net profit fell to $6.6 million (including a $12.4 million tax benefit), operating cash flow dropped to $16.3 million, and free cash flow before debt service was negative $55.5 million amid a heavy Vaca Muerta investment phase; net leverage rose to 1.6x from 1.2x. Post-quarter, the company completed a $550 million 9.500% senior notes issuance due 2033, tendering 60% of the 2030 Notes and redeeming the 2027 Notes, reducing near-term refinancing risk.
Key figures
- Revenue
- 116200000
- Guidance
- Full-year 2026 results expected to remain within market guidance
- Revenue Yoy
- -7%
- Cash
- 253400000
- Capex
- 72200000
- Roace
- 17%
- Net debt
- 386600000
- Hedge loss
- 36400000
- Net income
- 6600000
- Net leverage
- 1.6x
- Notes coupon
- 9.500% due 2033
- Ebitda margin
- 39%
- Adjusted ebitda
- 45800000
- Operating profit
- 11600000
- Production boepd
- 27973
- 2027 notes redeemed
- 94700000
- 2030 notes tendered
- 266800000
- Adjusted ebitda qoq
- -37%
- Operating cash flow
- 16300000
- Senior notes issuance
- 550000000
- Operating cost per boe
- 20.7
- Realized price per boe
- 56.2
AI analysis
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