GeoPark Limited reported its second quarter 2025 financial results, highlighting a revenue of $119.8 million. This figure reflects the impacts of lower realized oil prices and decreased volumes due to divestments and operational downtime. The company reported an Adjusted EBITDA of $71.5 million, with a margin of 60%, which represents a 19% decrease compared to the first quarter of 2025. This reduction was primarily due to a 9% decrease in realized prices and a 6% drop in production volumes, although this was partially offset by an 8% reduction in production and operating costs. GeoPark recorded a net loss of $10.3 million in the second quarter, compared to a $13.1 million profit in the first quarter of 2025. This loss is largely attributed to a non-recurring impairment charge related to the divestment of assets in Ecuador. Operationally, the company reported a consolidated average oil and gas production of 27,380 barrels of oil equivalent per day (boepd) for the second quarter and 28,223 boepd year-to-date. GeoPark continues to focus on strengthening its balance sheet and maintaining financial flexibility to navigate the current lower oil price environment, with a view towards long-term growth. The company has divested its 50% working interest in the Perico and Espejo Blocks in Ecuador, aligning with its strategic priorities of portfolio reassessment and capital allocation. GeoPark is exploring new opportunities to generate value and is actively reassessing its portfolio and cost structure.
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