GeoPark revenue rises 16% to $128.4 million
GeoPark reported a strong first quarter with production of 27,249 boe/d and revenue up 16% to $128.4 million. Adjusted EBITDA jumped 54% to $71.3 million, driven by lower operating costs and improved realized pricing.
The company’s balance sheet and capital program remain disciplined, with $274.9 million in cash and net debt of $333.1 million. GeoPark reaffirmed 2026 capex of $190 million to $220 million.
Argentina remains a key growth area, with the company advancing drilling and infrastructure work at Vaca Muerta’s Loma Jarillosa Este block. Production is expected to rise from 1,430 boe/d in Q1 to 5,000-6,000 boe/d by December 2026.