Quarterly ResultMay 6, 2026, 05:22 PM
GeoPark Q1 2026 Revenue +16% to $128.4M; EBITDA +54%
AI Summary
GeoPark Ltd reported strong Q1 2026 results, with revenue increasing 16% to $128.4 million and Adjusted EBITDA rising 54% to $71.3 million, driven by higher sales volumes, improved realized prices, and disciplined cost management. The company strengthened its financial position with $274.9 million in cash and a net leverage of 1.3x, benefiting from local debt, escrow recovery, and a $107.0 million investment from Grupo Gilinski. GeoPark declared a quarterly dividend of $0.023 per share but announced a suspension starting with 3Q2026 results to support capital allocation during its investment phase.
Key Highlights
- GeoPark Q1 2026 Revenue increased 16% to $128.4 million from $110.3 million in 4Q2025.
- Adjusted EBITDA rose 54% to $71.3 million (56% margin) in Q1 2026 from $46.3 million in 4Q2025.
- Net income for Q1 2026 was $20.2 million, compared to $31.1 million in 4Q2025.
- Capital expenditures totaled $22.0 million in Q1 2026, primarily for drilling and workover campaigns.
- Cash and cash equivalents stood at $274.9 million, with net debt at $333.1 million and a leverage ratio of 1.3x.
- Grupo Gilinski made a strategic investment, acquiring 20% of the company's shares.
- Quarterly cash dividend of $0.023 per share declared, payable June 4, 2026.
- Dividend suspension will commence with the 3Q2026 results, to be reassessed after peak investment phase.
Price Impact
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