GeoPark Ltd (GPRK) Form 6-K — Aug 4, 2026
GeoPark Limited reported second quarter 2026 revenue of $143.3 million, up 20% year over year, with net profit of $14.0 million versus a $10.3 million loss in 2Q2025 and Adjusted EBITDA of $73.1 million at a 51% margin. Production held essentially flat at 27,271 boepd while Brent averaging $96.9/bbl lifted the combined realized price to $67.2/boe from $60.4 in 1Q2026. Cash generation was the standout: $108.4 million of operating cash flow pushed cash to $316.3 million and net debt down to $317.8 million (1.2x leverage), even as capex more than tripled year over year to $76.4 million, with 64% directed to accelerating the Vaca Muerta program in Argentina. Last-twelve-month ROACE was 19%.
Key figures
- Revenue
- $143.3 million (2Q2026; +12% vs 1Q2026 $128.4 million; +20% vs 2Q2025 $119.8 million)
- Net Income
- $14.0 million (2Q2026; vs $20.2 million in 1Q2026 and net loss of $10.3 million in 2Q2025)
- Total Debt
- $634.0 million financial debt net of issuance cost (short-term $192.5 million)
- Revenue Yoy
- +20% vs 2Q2025
- Cash Position
- $316.3 million as of June 30, 2026 (vs $274.9 million at 1Q2026 and $100.3 million at December 31, 2025)
- Capex
- $76.4 million (Argentina 64%, Colombia 36%; vs $23.9 million in 2Q2025)
- Roace
- 19% last-twelve-months
- Net debt
- $317.8 million; net leverage 1.2x LTM
- Production
- 27,271 boepd (broadly flat vs 1Q2026 and 2Q2025)
- Hedge result
- $41.2 million loss on commodity risk management contracts (vs $4.9 million gain in 2Q2025)
- Agm july 2026
- quorum 61.57%; all resolutions approved with more than 99% of votes cast
- Brent average
- $96.9/bbl in 2Q2026
- Realized price
- $67.2/boe combined after hedges/earn-out (vs $60.4 in 1Q2026); realized oil price $89.5/bbl pre-hedge, +56% YoY
- Adjusted ebitda
- $73.1 million (51% margin; +3% vs 1Q2026; +2% vs 2Q2025)
- Credit facility
- renewed June 2026; available through December 2028, final maturity March 2029, no amounts drawn
- Hedge book 2026
- 19,000 bopd via 3-way collars: floors $64.8/$50.0, ceiling $72.0 per bbl
- Hedge book 2027
- ~19,000 bopd hedged full-year: floors $69.7/$50.0, ceiling $78.6 per bbl
- Dividend declared
- $0.023 per share (~$1.5 million), payable September 2, 2026, record date August 19, 2026
- Operating cash flow
- $108.4 million in 2Q2026
- Frontera breakup fee
- $14.4 million non-recurring receivable recognized in 1Q2026
- New local debt 1h2026
- $77.0 million in Colombia and Argentina
- Equity issuance 1h2026
- $107.0 million from share issuance to Grupo Gilinski
- Operating cost per boe
- $17.9 (vs $14.7 in 1Q2026 and $12.3 in 2Q2025)
- Basic shares period end
- 64,896 (stated in filing table labeled in million shares)
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