The following is a summary of the GeoPark Limited (GPRK) Q2 2024 Earnings Call Transcript:

Financial Performance:

• GeoPark reported Q2 2024 revenue of $190 million, up 14% from the first quarter, largely due to higher oil prices.

• Adjusted EBITDA for Q2 was $128 million, reflecting a 15% increase with an EBITDA margin of 67%.

• Net profit reached $25.7 million, translating to $0.50 per share, influenced by non-cost charges from the devaluation of the Colombian peso over deferred income taxes.

Business Progress:

• GeoPark invested $49 million in capital expenditures, which efficiently generated 3x in Adjusted EBITDA.

• The company's return on average capital employed over the last 12 months was notably high at 38%.

• GeoPark has enhanced its financial flexibility with strategic oil prepayment agreements and is progressing with drilling campaigns in the Llanos 34 Block and exploration activities in the new blocks.

• A significant element is the upcoming drilling in the Putumayo 8 block, aiming to drill the first exploration well before the year ends.

Opportunities:

• The additional liquidity from strategic oil prepayment agreements provides more flexibility in operations and financial management, potentially enhancing overall corporate stability and investor confidence.

Risks:

• GeoPark's financial results remain sensitive to operational challenges and the volatile geopolitical and economic conditions in the regions it operates, specifically demonstrated by the non-cost charges impacting the net profit.

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.