GeoPark Records $277M EBITDA, Exceeds Guidance and Secures Major Reserves
GeoPark delivered FY2025 average production of 28,233 boepd, exceeding its 26,000–28,000 boepd guidance, while operating costs averaged $13.2/boe and capex totalled $98.4 million, resulting in $277.1 million adjusted EBITDA and $49.7 million net profit. Strategic acquisitions add over 110 mmboe of 1P reserves and boost production capacity.
1. FY2025 Operational and Financial Results
GeoPark delivered FY2025 average production of 28,233 boepd, surpassing its 26,000–28,000 boepd guidance. Operating costs averaged $13.2/boe with $98.4 million in capital expenditures, resulting in $277.1 million adjusted EBITDA and $49.7 million net profit for the full year.
2. Structural Cost Efficiencies and Balance Sheet Strength
Structural cost initiatives generated $32 million in savings in 2025, establishing a lower cost base with an expected $45 million of annualized savings. At December 31, cash and equivalents totalled $100.3 million with net leverage of 1.6x and no principal maturities until January 2027. Hedging covers approximately 84% of expected 2026 production and has been extended into 2027.
3. Transformational Portfolio Reset and Acquisitions
In October, GeoPark closed the acquisition of two Vaca Muerta blocks, adding 11.1 mmboe of 1P reserves and targeting a 20,000 boepd plateau by year-end 2028. In January, the company agreed to acquire Frontera Energy’s Colombian upstream assets, which upon closing would contribute an expected 40,000 boepd net production and add roughly 99 mmboe of 1P and 147 mmboe of 2P reserves.