GeoPark Q2 revenue rises 12% on higher oil prices

GeoPark said second-quarter revenue rose 12% sequentially to $143.3 million on higher realized oil prices. Adjusted EBITDA for the quarter increased 3% from the prior quarter to $73.1 million, while operating income was $40.8 million and capex totaled $76.4 million.

The company said net income declined from the prior quarter, citing higher operating costs and the absence of the prior quarter's non-recurring gain.

The current average analyst rating on the shares is buy, with 4 strong buy or buy ratings, 1 hold rating, and no sell or strong sell ratings. The median 12-month price target is $10.90, about 14.7% above the August 3 closing price of $9.50. The stock recently traded at 5 times the next 12-month earnings, versus 6 times three months ago.

The company said 2026 production is hedged with 3-way collars covering . GeoPark also said it has hedged of expected 2027 production with improved price protection.