GEOPARK LTD Reports Earnings Results for Second Quarter of 2023
August 15, 2023
🌥️Earnings Overview
On August 9, 2023, GEOPARK LTD ($NYSE:GPRK) released its earnings results for the second quarter of the year, which ended on June 30, 2023. The company reported total revenue of USD 182.3 million, representing a drop of 41.4% from the same period in the previous year. Net income was also down 50.3% compared to the same period in the prior year, totaling USD 33.8 million.
Share Price
The stock opened at $9.7 and closed at $9.9, up 1.4% from the prior closing price of $9.7. This substantial growth can be attributed to the company’s focus on developing high-value projects that leverage their expertise in geology and engineering. In particular, their projects in the energy and resources sectors have been especially successful, with strong demand from clients in both domestic and international markets. Going forward, the company is confident that they can continue to build on this success and achieve further growth in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Geopark Ltd. More…
| Total Revenues | Net Income | Net Margin |
| 853.98 | 185.58 | 22.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Geopark Ltd. More…
| Operations | Investing | Financing |
| 352.23 | -184.6 | -204.06 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Geopark Ltd. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 943.22 | 795.94 | 2.56 |
Key Ratios Snapshot
Some of the financial key ratios for Geopark Ltd are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 19.7% | 41.5% | 43.9% |
| FCF Margin | ROE | ROA |
| 19.5% | 169.3% | 24.8% |
Analysis
GoodWhale has conducted an analysis of GEOPARK LTD’s fundamentals. Our Risk Rating system indicates that this investment is medium risk in terms of both financial and business aspects. We have identified two potential risk factors in the income statement and balance sheet. To get the full details of our analysis, please register with us. By doing so, you’ll be able to access our comprehensive report and use it to make an informed decision about your investment. More…
Peers
GeoPark Ltd is in a fierce competition with three of its main competitors: Tenth Avenue Petroleum Corp, Surge Energy Inc, and InPlay Oil Corp. These companies are all vying for a greater market share in the oil and gas industry and are pushing each other to innovate and deliver better products and services. As such, they are constantly striving to outdo one another in order to gain the upper hand in the competition.
– Tenth Avenue Petroleum Corp ($TSXV:TPC)
Tenth Avenue Petroleum Corp is an independent oil and gas exploration and production company that operates in the United States. The company has a market capitalization of 8.17 million as of 2023, which is the total value of its outstanding shares. Additionally, its Return on Equity (ROE) is 3.51%, which is a measure of the company’s profitability relative to the total amount of equity invested in it. By having a higher ROE, the company is able to generate more earnings from its equity investments, giving it a competitive advantage over its peers.
– Surge Energy Inc ($TSX:SGY)
Surge Energy Inc is a leading Canadian oil and gas exploration and production company that operates in the Western Canadian Sedimentary Basin. It has a market capitalization of 844.18 million dollars as of 2023, making it one of the largest oil and gas companies in Canada. The company also has an impressive Return on Equity of 21.11%, which is much higher than the industry average. This indicates that Surge Energy Inc is making smart investments and generating solid returns for its shareholders.
– InPlay Oil Corp ($TSX:IPO)
Oil Corp is an integrated energy company that produces, processes, refines, and distributes petroleum products. The company has a market cap of 247.51M as of 2023 and a Return on Equity of 26.26%. This indicates that Oil Corp has a strong financial position and is able to generate a high return on its invested capital. The company’s strong financial performance is reflected in its market cap, which is above the average for oil companies in the industry. This suggests that investors view Oil Corp as a reliable and profitable investment.
Summary
GEOPARK LTD released its quarterly earnings results for the second quarter ending June 30 2023 on August 9 2023. Total revenue for the period decreased 41.4% year-on-year to USD 182.3 million, with net income dropping 50.3% to USD 33.8 million. This sharp decline in performance paints a gloomy picture for investors, and they should closely monitor the company’s future performance and strategy to assess its potential for recovery. The market will likely be wary of investing in the near-term, so GEOPARK LTD must focus on regaining investor confidence.
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