Colombia's oil and gas producer GeoPark is planning a $7 billion investment in Venezuela's large Bare oilfield to increase crude output there to some 90,000 barrels per day by 2038 from a current 11,000 bpd, the company's chief executive, Felipe Bayon, said on Tuesday.
Colombia's Grupo Gilinski and Geopark on Friday signed a deal to jointly develop the Bare oilfield in Venezuela with state oil company PDVSA, a ceremony on state television showed.
Geopark NYSE: GPRK reported second-quarter 2026 production of 27,271 barrels of oil equivalent per day and said stable Colombian operations and accelerating development activity in Argentina supported sequential revenue growth and continued investment in its Vaca Muerta program.
GeoPark Limited (GPRK) Q2 2026 Earnings Call Transcript
GeoPark (GPRK) shows operational stabilization, but Colombian production continues its structural decline, reinforcing the strategic urgency of Vaca Muerta. Q1 2026 financials improved sequentially, yet profitability remains below prior-year levels due to Colombian headwinds and hedging costs. Vaca Muerta execution is progressing: first five-well pad ready for hydraulic fracturing, with a key production inflection expected in Q3/Q4 2026.
GeoPark is capitalizing on Argentina's current pro-oil stance and elevated commodity prices. Political volatility in Argentina remains a key risk. GPRK may suspend its dividend to fund Argentina expansion.
GeoPark Limited (GPRK) Q1 2026 Earnings Call Transcript
Geopark NYSE: GPRK reported what Chief Executive Officer Felipe Bayón described as a “strong start to the year,” citing stable production, improved oil pricing, cost reductions and progress on the company's growth plans in Argentina during its first-quarter 2026 earnings call.
GPRK secures a $107M strategic investment from Grupo Gilinski, strengthening its balance sheet and accelerating growth across Colombia, Argentina and beyond.
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GeoPark Limited (GPRK) Q4 2025 Earnings Call Transcript
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.