1. United Kingdom Stocks

  2. •

    Energy

  3. •

    Oil & Gas Exploration & Production
Gulf Keystone Petroleum Limited

Gulf Keystone Petroleum Limited

GKP.L
Gulf Keystone Petroleum LimitedGB flagLondon Stock Exchange
176.20
GBp
+0.40
- -
383.14MMarket Cap
2012 Y
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
Revenue per Share
1.62
0.33
1.9
3.94
3.44
0.75
1.09
0.91
0.51
1.41
2.14
0.57
0.69
Basic EPS, GAAP
-4.12
-1.58
-12.23
-9.79
-0.31
0.06
0.35
0.19
-0.22
0.77
1.24
-0.05
0.03
Free Cash Flow per Basic Share
-12.72
-11.54
-11.57
-3.86
0.71
0.29
0.6
-0.06
-0.1
0.58
1.24
-0.06
0.3
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
0.22
- -
0.47
1
0.11
0.16
Book Value per Share
-13.55
-14.34
-25.77
-30.97
-8.18
-1.94
-1.59
-1.41
-1.81
-1.02
0.23
0.22
0.24
Tangible Book Value per Share
29.08
27.85
16.73
7.63
8.02
2.06
2.41
2.3
2.15
2.43
2.64
2.5
2.33
Basic Weighted Avg Shares
20
20
20
22
57
229
229
226
211
213
215
218
220
Sales/Revenue/Turnover
32
7
39
86
194
172
251
207
108
301
460
124
151
Operating Margin (%)
-255.16
-315.07
-213.48
-94.81
13.4
13.97
31.21
23.86
-30.78
57.93
59.45
-10.56
3.11
Depreciation Expense
1
3
39
75
82
80
71
74
84
55
82
42
79
Net Income, GAAP
-82
-32
-248
-214
-17
14
80
44
-47
165
266
-12
7
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
9
Profit Margin (%)
-254.18
-477.37
-643.68
-248.32
-8.97
8.2
31.88
21.05
-43.65
54.61
57.83
-9.31
4.73
Working Capital
275
133
16
-60
87
175
292
216
123
256
173
-8
21
LT Debt
243
297
527
545
99
97
98
98
100
100
- -
- -
1
Total Equity
578
562
340
167
454
472
553
520
454
522
573
547
512
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
0.81
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
16.99
Return on Common Equity (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
-23.66
14.27

Capital Structure

FRC

•

in mil. unless spec.
No data availableFinancial data will appear here once available

Working Capital

FRC

•

in mil. unless spec.
No data availableFinancial data will appear here once available

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
13.77%
0.24%
-6.38%
Free Cash Flow
-131.64%
-233.51%
-568.93%
Net Income, GAAP
-72.8%
-172.27%
-162.24%
Sales/Revenue/Turnover
39.79%
26.46%
22.42%
Total Cash Common Dividend
- -
- -
40.79%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
124
2024
- -
- -
- -
- -
151
2025
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
-0.05
2024
- -
- -
- -
- -
0.03
2025
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
0.11
2024
- -
- -
- -
- -
0.16
2025
- -
- -
- -
- -
- -

Company Description

APIChat
CEO
Jonathan R. Harris
Full Time Employees
411
Sector
Energy
Industry
Oil & Gas Exploration & Production
Address
Cedar House Hamilton United Kingdom HM 12
IPO Date
Sep 8, 2004
Website
gulfkeystone.com
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Business
Gulf Keystone Petroleum Limited (GKP.L) operates as an independent oil and gas exploration and production company focused on the Kurdistan Region of Iraq; it holds an 80% working interest in and operates the Shaikan Field production sharing contract with the Kurdistan Regional Government. The company produces oil from the Jurassic reservoir via two production facilities, PF-1 and PF-2, with a combined processing capacity of approximately 60,000 barrels of oil per day (bopd) and capabilities for pipeline and truck exports; cumulative production exceeds 145 million stock tank barrels (MMstb) as of August 2025, supported by 18 production wells across multiple formations including Jurassic, Triassic and Cretaceous with gross 2P reserves estimated at 443 MMstb as of December 2024. Gulf Keystone provides associated management, geological, geophysical and engineering services; it targets low-cost production at around $4.2 per barrel operating costs in the first half of 2025 and balances production growth with shareholder returns through dividends, including a $25 million interim dividend in the first half of 2025. Founded in 2001 and headquartered in Hamilton, Bermuda, with offices in Erbil, Kurdistan Region of Iraq, and London, UK, the company listed on the London Stock Exchange's Main Market in 2004 and generates revenue primarily from Shaikan oil sales to local and international markets. In recent developments, Gulf Keystone signed agreements in September 2025 with the Kurdistan Regional Government and the Federal Government of Iraq, alongside other international oil companies, enabling the restart of Kurdistan crude exports via the Iraq-Türkiye Pipeline, with Shaikan pipeline exports resuming shortly thereafter; production operations restarted at Shaikan following a prior suspension, achieving gross average production of 44,100 bopd in the first half of 2025 and 40,689 bopd in 2024. The company completed a workover program in the first quarter of 2025 to support ongoing production growth from its long-life asset, while maintaining a robust balance sheet with $105.7 million in cash as of August 2025 and over 950 days without lost time incidents.