GeoPark Full Year 2023 Earnings: EPS: US$1.95 (vs US$3.78 in FY 2022)

editorial-team@simplywallst.com (Simply Wall St)
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GeoPark (NYSE:GPRK) Full Year 2023 Results

Key Financial Results

  • Revenue: US$756.6m (down 28% from FY 2022).

  • Net income: US$111.1m (down 51% from FY 2022).

  • Profit margin: 15% (down from 21% in FY 2022). The decrease in margin was driven by lower revenue.

  • EPS: US$1.95 (down from US$3.78 in FY 2022).

GPRK Production and Reserves

Oil reserves

  • Proven reserves: 62.766 MMbbls.

Gas reserves

  • Proven reserves: 20.774 Bcf.

Combined production

  • Oil equivalent production: 13.345 MMboe (14.096 MMboe in FY 2022).

revenue-and-expenses-breakdown
revenue-and-expenses-breakdown

All figures shown in the chart above are for the trailing 12 month (TTM) period

GeoPark Earnings Insights

The primary driver behind last 12 months revenue was the Colombia segment contributing a total revenue of US$702.4m (93% of total revenue). The most substantial expense, totaling US$164.3m were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how GPRK's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 1.7% growth forecast for the Oil and Gas industry in the US.

Performance of the American Oil and Gas industry.

The company's shares are up 1.6% from a week ago.

Risk Analysis

You still need to take note of risks, for example - GeoPark has 3 warning signs we think you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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