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.
Gulfport Energy Corporation (GPOR) reported a net production of 914.9 MMcfe per day for Q3 2022, with a net loss of $18.5 million and adjusted EBITDA of $172.7 million. The company reaffirmed a borrowing base of $1.0 billion and returned approximately $232.8 million to shareholders via repurchases. A top hole drilling rig will enhance efficiency in its 2023 development plan, with updated free cash flow guidance of $300 million for 2022. Gulfport expects a production increase of over 15% in Q4 2022, while maintaining a commitment to low-carbon energy production.
Gulfport Energy Corporation (NYSE: GPOR) will hold a teleconference and webcast on November 2, 2022, at 9:30 a.m. ET to discuss its third quarter 2022 results. A news release detailing its financial and operational performance will be issued after the market close on November 1, 2022. Investors can access the conference call via the Gulfport website or by dialing 866-373-3408 domestically. An audio replay will be available from November 3 to November 17, 2022.
Gulfport Energy Corporation (GPOR) reported strong Q2 2022 results with a net production of 959.1 MMcfe per day and $256.6 million net income. Adjusted EBITDA reached $204.5 million, while free cash flow stood at $80.3 million. The company expanded its stock repurchase program from $200 million to $300 million and has repurchased 2.2 million shares totaling $189.3 million. Despite inflationary pressures and a 45-day delay in Utica completion, Gulfport affirmed strong free cash flow outlook and updated its production guidance for the year.
Gulfport Energy Corporation (NYSE: GPOR) will host a teleconference to discuss its second quarter 2022 results on August 3, 2022, at 9:00 a.m. ET. A news release detailing the financial and operational results will be issued on August 2, 2022, after market close. Investors can listen live via the Gulfport website or by phone. The teleconference replay will be available from August 4 to August 18, 2022. Gulfport focuses on natural gas exploration and production, primarily in the Appalachia and Anadarko basins.
Gulfport Energy Corporation (NYSE: GPOR) reported Q1 2022 results, highlighting net production of 1,008 MMcfe per day and an adjusted EBITDA of $235.3 million. The company faced a net loss of $492 million but generated $253.7 million in net cash from operations. Gulfport expanded its stock repurchase program from $100 million to $200 million, repurchasing 748,000 shares for $63 million. The 2022 capital expenditure outlook increased to $400 million, with forecasted free cash flow now between $375 million and $425 million.
Gulfport Energy Corporation (NYSE: GPOR) will host a teleconference and webcast on May 4, 2022, at 9:00 a.m. ET to discuss its first quarter 2022 results. A news release with financial and operational results will be issued on May 3, 2022, after market close. Participants can join the conference call via Gulfport's website or by dialing 866-373-3408 domestically. A replay will be available from May 5-19, 2022. Gulfport focuses on the exploration and production of natural gas and oil in the U.S., primarily in the Appalachia and Anadarko basins.
Gulfport Energy Corporation (NYSE: GPOR) reported its financial results for Q4 and full year 2021, achieving a net income of $558.1 million and adjusted EBITDA of $224.9 million. The company generated $128.3 million in net cash from operations and $133.9 million in free cash flow. Gulfport plans to invest approximately $360 million in 2022, anticipating over 5% production growth. The company authorized a $100 million stock repurchase program and reported proved reserves of 3.9 Tcfe, with discounted future net cash flows of $4.1 billion.
Gulfport Energy Corporation (NYSE: GPOR) will host a teleconference and webcast on March 1, 2022, at 9:00 a.m. ET to discuss its fourth quarter and year-end 2021 results. A news release containing financial and operational results will be issued after market close on February 28, 2022. Participants can access the conference call via Gulfport's website or by dialing specific numbers provided for domestic and international calls. A replay will be available until March 15, 2022.
Gulfport Energy Corporation (GPOR) reported its Q3 2021 results, revealing a net cash flow of $126.3 million and free cash flow of $69.7 million. The company has authorized a stock repurchase program of up to $100 million and amended its credit facility, boosting liquidity by over $160 million. Key production details include a gross production rate of 250 MMcfe per day from the Angelo pad and a daily average production of 973.3 MMcfe. The 2021 full-year free cash flow guidance has been raised to $345-$365 million, showing operational strength and improved efficiencies.
Gulfport Energy Corporation (NYSE: GPOR) will host a teleconference on November 3, 2021, at 9:00 a.m. ET, to discuss its third quarter 2021 financial results. A news release will precede the call on November 2, 2021, after market close. The conference call can be accessed via the Gulfport website or by phone. A replay will be available until November 17, 2021. Gulfport is focused on natural gas and crude oil production primarily in the Appalachia and Anadarko basins, with significant operations in Eastern Ohio and central Oklahoma.
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