GPRK Earnings Prediction
The chart below shows how GPRK performed 10 days before and after its earnings report, based on data from the past quarters. Typically, GPRK sees a +2.78% change in stock price 10 days leading up to the earnings, and a +2.92% change 10 days following the report. On the earnings day itself, the stock moves by -0.20%. This data can give you a slight idea of what to expect for the next quarter's release.
GPRK Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
159.50M
-16.98%
-16.14%
Gross Margin
52.44%
-0.78%
-10.57%
Operating Margin
34.30%
-18.12%
-27.77%
Net Margin
15.74%
22.11%
16.33%
EPS
0.48
9.09%
0.00%
No Data Available
GPRK Earnings Analysis
GEOPARK LIMITED Corporation (GPRK.N) Earnings Conference Call
Positive
Adjusted EBITDA Performance: 1. Strong Adjusted EBITDA Margin: GeoPark reported an adjusted EBITDA of nearly $100 million for Q3 2024, reflecting a robust margin of 63%.
Adjusted EBITDA Growth: 2. Increased Year-to-Date Adjusted EBITDA: The adjusted EBITDA for the first nine months of 2024 reached $339 million, marking a 2% increase compared to the same period in 2023.
Cash Flow Increase: 3. Significant Cash Flow Generation: The company generated a cash build of over 2 times in Q3, increasing cash from $66 million on June 30 to $123 million by September and $140 million in October.
Shareholder Dividend Consistency: 4. Consistent Shareholder Returns: GeoPark maintained its quarterly dividends at $7.5 million, bringing the total cash distributed to shareholders in 2024 to $73 million, which represents an approximate 18% capital return yield.
Record Oil Production: 5. Record Production in Vaca Muerta: The Vaca Muerta block achieved a gross average production of 12,600 barrels of oil per day during Q3, with a peak of 15,400 barrels a day equivalent in August.
Negative
Net Revenue Decline: 1. Declining Net Revenue: GeoPark's net revenue for Q3 2024 was $159 million, a 16% decrease from the previous quarter, primarily due to lower realized oil prices and production.
Rising Operating Expenses: 2. Increased Operating Expenses: The company's operating expenses per barrel rose to approximately $16-$17, nearly doubling over the last two years, driven by higher energy costs and inflation.
Brazilian Production Halt: 3. Zero Production from Brazil: GeoPark reported zero production from its Brazilian operations for the second consecutive quarter, with a restart now pushed to late February 2025, impacting expected output of 1,100 barrels of oil equivalent per day.
Llanos 34 Production Decline: 4. Production Decline in Llanos 34: The company anticipates a production decline of around 15% in the Llanos 34 block due to maturing fields and reduced drilling activity, despite ongoing efforts to enhance recovery rates.
Tax Surcharge Effects: 5. Tax Surcharge Impact: GeoPark expects a 10% surcharge on taxes due to the recent tax reform, which could further strain financial performance amidst already declining revenues.
GPRK FAQs
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GPRK Earning Call Sentiment
GeoPark Limited (GPRK) Q3 2024 Earnings Call Transcript
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GPRK.N
-5.5%Positive
The earnings call summary presents a mixed picture. While there are positive aspects such as record production and strong EBITDA margins, there are also concerns about declining revenue and competitive pressures. The Q&A section revealed some uncertainties, particularly regarding production levels and operational delays. The company's financial flexibility and shareholder returns are positives, but the impact of market volatility and production consolidation delays temper enthusiasm. Overall, the stock price is likely to remain stable, resulting in a neutral sentiment prediction.
