GeoPark reports Q3 adjusted EBITDA $141.3M vs. $86.8M last year

Reports Q3 revenue $258.2M, up 48% y/y. Andres Ocampo, CEO of GeoPark, said: "The third quarter financial results reflect the hard work of GeoPark’s most important asset, our people. Once again, in 2022, that hard work has paid off with a busy drilling schedule that produced record financial results from the top line to the bottom line. We have just completed our 2023 capital allocation process and anticipate another active year drilling between 50-55 wells across our portfolio. This will translate into significant free cash flow in 2023 to self-fund our high-impact exploration and development program and increase shareholder returns while maintaining a strong balance sheet, reducing emissions and strengthening the ties to our neighbors."