Gulfport Energy Corp

Gulfport Energy Reports Third Quarter 2026 Financial and Operating Results

Gulfport Energy reported Q3 2026 net income of $96.4 million and adjusted EBITDA of $226.5 million, with adjusted free cash flow of $89.0 million and production of approximately 1,057.2 MMcfe per day, up roughly 10% sequentially. The board expanded the stock repurchase authorization by 33% to $2.0 billion, with about $800 million of remaining capacity after $36.2 million of Q3 buybacks; the credit facility borrowing base was reaffirmed at $1.1 billion. Management signed a firm sales agreement for 50,000 MMBtu/d beginning 2028, bringing premium-priced supply contracts to roughly 10% of forecasted net production, and is evaluating a more continuous two-rig Appalachia program for 2027 aimed at production growth starting in 2028. Gulfport reaffirmed it remains on track to hit full-year 2026 production and capex guidance, with the full 2027 outlook due in February.

•4d ago

Gulfport Energy Reports Second Quarter 2026 Financial and Operating Results and Provides Outlook on Discretionary Acreage Opportunities

Gulfport Energy reported second-quarter net income of $87.1 million and adjusted EBITDA of $179.1 million, with average daily production of 962.8 MMcfe. The company returned significant capital to shareholders, repurchasing $70.0 million of stock in the quarter and $242.8 million year-to-date, while updating full-year base CapEx guidance to approximately $430 million. Gulfport announced a new discretionary acreage acquisition program targeting $140 million for the remainder of 2026 to expand its Utica inventory by more than 20%. CFO Michael Hodges will resign effective August 5, 2026, to focus on family and will serve in an advisory capacity until September 1 to ensure a smooth transition.

•3mo ago

Gulfport Energy Expands Core Utica Inventory Through Ohio Lease Sale Acquisitions

Gulfport Energy acquired approximately 4,700 net undeveloped acres in Belmont County, Ohio, for a total purchase price of roughly $83.0 million. The acreage addition includes approximately 16 net locations in the liquids-rich Utica wet gas window, with development expected to commence in 2027. Management expects returns at the top end of the portfolio, funded by cash on hand and available credit facility capacity.

•4mo ago

Gulfport Energy Appoints Domenic J. Dell’Osso, Jr. Chief Executive Officer

Gulfport Energy appointed Domenic J. Dell’Osso, Jr. as President and Chief Executive Officer, effective May 28, 2026, to lead the company into its next chapter. Dell’Osso most recently served as CEO of Expand Energy Corporation (formerly Chesapeake Energy), where he grew the firm into the largest natural gas producer in the United States. The Board highlighted his strategic vision and financial discipline, noting that his expertise will be instrumental in driving long-term value creation for stakeholders.

•6mo ago

Gulfport Energy Reports First Quarter 2026 Financial and Operational Results

Gulfport Energy delivered Q1 2026 net production of 996.8 MMcfe per day, a 7% increase over the prior year, generating $118.9 million of adjusted free cash flow. The company aggressively returned capital to shareholders, repurchasing approximately $172.8 million of stock during the quarter—the highest level of quarterly buyback activity in its history. Management reaffirmed its 2026 development plan, targeting roughly 5% production growth in Q4 2026 versus Q4 2025, while maintaining liquidity of $772.2 million.

•6mo ago