The revenue decline and large hedge liability are headwinds, but the strong cash position and strategic investor support provide a buffer. Watch for how oil price volatility and hedge maturities affect future cash flows and whether the company can sustain profits without one-time items.
Price Chart
Executive Summary
GeoPark reported Q1 2026 revenue of $128M, down 6.5% YoY from $137M, while net profit surged 54% to $20.2M, boosted by a $25M break-up fee from the failed Frontera acquisition. Adjusted EBITDA fell 19% to $71.3M, and the company recognized a $130M derivative liability from oil hedges. A $107M equity investment from Grupo Gilinski strengthened the balance sheet.
Key Facts
- Revenue declined 6.5% YoY to $128.4M (Q1 2025: $137.3M)
- Net profit rose 54% to $20.2M, aided by $25M break-up fee
- Adjusted EBITDA fell 19% to $71.3M (Q1 2025: $87.9M)
- Brent oil surged from ~$60 to ~$100/barrel in Q1; hedging capped realized prices
- Derivative liability of $129.8M from commodity hedges (mark-to-market)
- Grupo Gilinski invested $107M for ~20% stake, later increased to ~28%
- Cash and cash equivalents: $274.9M (up from $100.3M at year-end 2025)
- Total borrowings increased to $607.9M from $553.5M
Financial Impact
Revenue decreased by ~$9.0M; net profit increased by ~$7.1M, largely from non-recurring $25M break-up fee
Risk Factors
- Continued oil price volatility may lead to further derivative losses
- High effective tax rate (51%) driven by Colombia surcharge
- Elevated leverage with $608M in borrowings
- Dependence on non-recurring income sources
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001104659-26-056355 |
| Document: 0001104659-26-056355-index-headers.html | 0001104659-26-056355 |
| Document: 0001104659-26-056355-index.html | 0001104659-26-056355 |
| Document: 0001104659-26-056355.txt | 0001104659-26-056355 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 4d ago | 6-K | $11.78 $11.16 | ▼ −5.26% | ▼ −5.97% | $11.16 (−5.26%) |
Oct 22, 2026 4d ago | Press Release | $11.78 $11.16 | ▼ −5.26% | ▼ −5.97% | $11.16 (−5.26%) |
Oct 21, 2026 5d ago | Press Release | $11.28 $11.78 | ▲ +4.43% | ▲ +4.95% | $11.16 (−1.06%) |
Oct 21, 2026 5d ago | 6-K | $11.28 $11.78 | ▼ −4.43% | ▼ −4.95% | $11.16 (+1.06%) |
Oct 21, 2026 5d ago | 6-K | $11.55 $11.28 | ▼ −2.34% | ▼ −1.16% | $11.16 (−3.38%) |
Oct 16, 2026 10d ago | 6-K | $11.76 $11.72 | ▼ −0.34% | ▼ −0.76% | $11.16 (−5.10%) |
Oct 16, 2026 10d ago | 6-K | $11.76 $11.72 | ▼ −0.34% | ▼ −0.76% | $11.16 (−5.10%) |
Oct 15, 2026 11d ago | 6-K | $11.76 $11.72 | ▼ −0.34% | ▼ −0.76% | $11.16 (−5.10%) |
Sep 3, 2026 7w ago | 6-K | $11.90 $11.56 | ▼ −2.86% | ▼ −2.47% | $11.16 (−6.22%) |
Jun 29, 2026 17w ago | 6-K | $9.10 $9.05 | ▼ −0.55% | ▼ −0.41% | $11.16 (+22.64%) |
US Market Status
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