Gulfport Energy Corporation

Latest Results (05.10.2025):

Gulfport Energy Corporation reported strong financial and operational performance for the second quarter of 2025. The company achieved an 8% increase in total net production compared to the first quarter, reported a net income of $184.5 million, and generated $231.4 million in net cash from operating activities. Additionally, Gulfport expanded its stock repurchase authorization and initiated the redemption of all outstanding Series A Convertible Preferred Stock, demonstrating a continued commitment to shareholder returns.

Stock Repurchase Authorization

Gulfport Energy expanded its stock repurchase authorization by 50% to $1.5 billion, supporting the redemption of preferred stock and ongoing common share buybacks. To date, the company has repurchased approximately 338.9 thousand shares for $65.0 million in Q2 2025 and an additional 679.6 thousand shares for $125.0 million during the first half of the year.

Production Growth

The company delivered total net production of 1,006.3 MMcfe per day in Q2 2025, an 8% increase over Q1 2025. Net liquids production rose by 26% to 19.2 MBbl per day. Despite facing unplanned midstream outages impacting approximately 40 MMcfe per day, production volumes remained robust across all five development areas.

Financial Performance

Gulfport reported a net income of $184.5 million and an adjusted EBITDA of $212.3 million for the second quarter of 2025. The company generated $231.4 million in net cash from operating activities and achieved an adjusted free cash flow of $64.6 million.

Capital Investments and Acquisitions

Capital expenditures for Q2 2025 totaled $124.2 million, with $75 million to $100 million allocated toward discretionary acreage acquisitions. These investments are expected to extend the company's inventory runway by over two years. Additionally, Gulfport completed opportunistic discretionary acreage acquisitions totaling $6.9 million.

Preferred Stock Redemption

Gulfport announced the redemption of all outstanding Series A Convertible Preferred Stock, effective September 5, 2025. This move simplifies the capital structure and accelerates common share retirements, aligning with the company's strategy to enhance shareholder value.

Operational Highlights

The company turned sales on 14 gross wells during the quarter, including 8 in Ohio targeting the Utica, 4 in Ohio targeting the Marcellus, and 2 in the SCOOP. Production from the newly completed four-well Utica wet gas pad is performing comparably to existing dry gas developments, offering enhanced cash flows and economic benefits.