• The highlight of the 2Q21 results is the doubling of the quarterly dividend to US$0.041 per share. Following the refinancing of its debt, GeoPark had indicated previously its ambitions to increase distributions.
• 2Q21 production of 36,489 boe/d had already been reported and adjusted EBITDA was in line with expectations.
• 2Q21 cash flow from operations of US$42 mm was very high, partly due to a US$23 mm positive change in working capital.
• 2H21 production guidance continues to be 39-42 mbo ....
06 Aug 2021
GeoPark Limited (NYSE: GPRK): Doubling dividend distributions
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GeoPark Limited (NYSE: GPRK): Doubling dividend distributions
- Published:
06 Aug 2021 -
Author:
Stephane Foucaud -
Pages:
5
• The highlight of the 2Q21 results is the doubling of the quarterly dividend to US$0.041 per share. Following the refinancing of its debt, GeoPark had indicated previously its ambitions to increase distributions.
• 2Q21 production of 36,489 boe/d had already been reported and adjusted EBITDA was in line with expectations.
• 2Q21 cash flow from operations of US$42 mm was very high, partly due to a US$23 mm positive change in working capital.
• 2H21 production guidance continues to be 39-42 mbo ....