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Gulfport Energy Corporation - GPOR STOCK NEWS

Welcome to our dedicated page for Gulfport Energy Corporation news (Ticker: GPOR), a resource for investors and traders seeking the latest updates and insights on Gulfport Energy Corporation stock.

Gulfport Energy Corporation (GPOR) is an independent oil and natural gas exploration and production company based in Oklahoma City. The company’s principal properties are located in the Utica Shale and the Louisiana Gulf Coast. Boasting a veteran management team with expertise across multiple regions, including the salt dome structures of the U.S. Gulf Coast and the Utica Shale Basin in Ohio, Gulfport Energy is well-positioned to leverage technological advancements to maximize production efficiency.

Gulfport Energy’s strategy involves the exploration, acquisition, and production of natural gas, crude oil, and NGLs in the United States. The primary focus areas include the Utica Shale, located in the Appalachian Basin, and the Scoop (South Central Oklahoma Oil Province) play in the southeast portion of the Anadarko Basin. These regions are known for their rich deposits and significant production potential.

The company is committed to balancing its portfolio by integrating long-term value opportunities that offer substantial upside potential. Gulfport Energy employs a forward-thinking approach to meet the global demand for oil and natural gas, maintaining a bullish outlook on the industry’s future.

Recent achievements include the successful implementation of advanced drilling techniques and enhanced recovery methods, which have improved production rates and operational efficiency. Additionally, Gulfport Energy has formed strategic partnerships to bolster its market position and drive growth.

Financially, Gulfport Energy remains robust, focusing on sustainable practices and cost-effective operations to ensure long-term profitability. The company’s entrepreneurial spirit is evident in its innovative approach and dedication to maximizing shareholder value.

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Gulfport Energy Corporation (GPOR) reported strong financial and operating results for Q4 and FY 2023, exceeding analyst expectations. The company generated significant net income, adjusted EBITDA, and free cash flow. Gulfport maintained a strong balance sheet, low financial leverage, and ample liquidity. The company focused on optimizing development programs, achieved operational efficiencies, and expanded its resource base. For FY 2024, Gulfport expects flat year-over-year production, decreased capital expenditures, and continued focus on liquids-rich development in Utica and SCOOP.
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Gulfport Energy Corporation (GPOR) will host a teleconference and webcast to discuss its Q4 and full year 2023 financial results and 2024 outlook. The call will be on February 28, 2024, following the results announcement on February 27, 2024. Details for participation and replay are provided.
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Gulfport Energy Corporation (NYSE: GPOR) announced the pricing of an underwritten block trade of 653,464 shares of its common stock by certain accounts managed and advised by Silver Point Capital, L.P. and MacKay Shields LLC, resulting in total gross proceeds of approximately $84.2 million. Gulfport will not sell any shares in the Offering and will not receive any proceeds from the sale of the shares being offered by the Selling Stockholders. The Offering is expected to close on December 14, 2023, subject to customary closing conditions. J.P. Morgan is acting as the sole book-running manager for the Offering.
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Gulfport Energy Corporation (NYSE: GPOR) announced a proposed underwritten block trade of 653,464 shares of its common stock by certain accounts managed and advised by Silver Point Capital, L.P. and MacKay Shields LLC. Gulfport will not sell any shares in the Offering and will not receive any proceeds from the sale. The Offering is subject to market conditions, with J.P. Morgan acting as the sole book-running manager.
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Gulfport Energy Corporation has achieved a grade 'A' under the MiQ methane emissions standard for its natural gas production in Appalachia. The company also published its 2023 Corporate Sustainability Report, highlighting achievements such as a 25% reduction in methane emissions intensity in 2022 and increased workplace diversity.
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Gulfport Energy Corporation (NYSE: GPOR) reported financial and operating results for Q3 2023, exceeding analyst expectations. The company delivered total net production of 1,056.9 MMcfe per day, reported $608.4 million of net income and $160.0 million of adjusted EBITDA, and generated $156.3 million of net cash provided by operating activities. Gulfport also incurred capital expenditures of $89.8 million and utilized adjusted free cash flow for discretionary acreage acquisitions totaling $19.4 million. The company expanded its common stock repurchase authorization and repurchased 3.9 million shares of common stock for approximately $334.6 million since the inception of the repurchase program. Gulfport reaffirmed its borrowing base of $1.1 billion and issued its 2023 Corporate Sustainability Report. The company raised its full-year 2023 net production guidance and reduced its guidance for total base capital expenditures.
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Gulfport Energy to host teleconference and webcast to discuss Q3 2023 results
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Gulfport Energy Corporation expands common stock repurchase authorization by 63% to $650 million, highlighting focus on enhancing margins and delivering value for shareholders.
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Gulfport Energy Corporation will host a teleconference and webcast to discuss its second quarter 2023 financial and operating results on August 2, 2023. The company plans to announce the results on August 1, 2023, after market close. The conference call can be accessed through the Gulfport website or by dialing the provided numbers. A replay of the call will be available on the website and through a telephone audio replay.
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FAQ

What is the current stock price of Gulfport Energy Corporation (GPOR)?

The current stock price of Gulfport Energy Corporation (GPOR) is $138.655 as of November 4, 2024.

What is the market cap of Gulfport Energy Corporation (GPOR)?

The market cap of Gulfport Energy Corporation (GPOR) is approximately 2.5B.

What is Gulfport Energy Corporation?

Gulfport Energy Corporation (GPOR) is an independent oil and natural gas exploration and production company based in Oklahoma City.

Where are Gulfport Energy’s principal properties located?

Gulfport Energy's principal properties are located in the Utica Shale and the Louisiana Gulf Coast.

What regions does Gulfport Energy operate in?

Gulfport Energy operates in the Utica Shale, located in the Appalachian Basin, and the Scoop play in the Anadarko Basin.

What is the focus of Gulfport Energy’s business strategy?

Gulfport Energy focuses on the exploration, acquisition, and production of natural gas, crude oil, and NGLs in the United States.

How does Gulfport Energy leverage technological advancements?

Gulfport Energy uses advanced drilling techniques and enhanced recovery methods to improve production rates and operational efficiency.

What is Gulfport Energy’s outlook on the oil and natural gas industry?

Gulfport Energy maintains a bullish outlook on the long-term global need and demand for oil and natural gas production.

What are some recent achievements of Gulfport Energy?

Recent achievements include successful implementation of advanced drilling techniques and strategic partnerships to bolster market position.

How does Gulfport Energy ensure long-term profitability?

Gulfport Energy focuses on sustainable practices and cost-effective operations to ensure long-term profitability.

What is Gulfport Energy’s entrepreneurial approach?

Gulfport Energy’s entrepreneurial approach is evident in its innovative strategies and dedication to maximizing shareholder value.

Who comprises Gulfport Energy’s management and technical teams?

Gulfport Energy’s management and technical teams consist of proven oil and gas professionals with expertise in multiple regions.

Gulfport Energy Corporation

NYSE:GPOR

GPOR Rankings

GPOR Stock Data

2.51B
18.11M
0.41%
99.1%
4.05%
Oil & Gas E&P
Crude Petroleum & Natural Gas
Link
United States of America
OKLAHOMA CITY