earnings
confidence high
sentiment positive
materiality 0.85
Gulfport Energy emerges from Chapter 11, Q2 free cash flow $74.4M, FY guidance $290-310M cash flow
GULFPORT ENERGY CORP
2021-Q2 EPS reported
-$10.36
revenue$5,724,000
- Emerged from Chapter 11 on May 17; reduced debt over $1.2B and annual cash interest by $90M.
- Q2 2021 average daily production 989.1 MMcfe; natural gas avg price $2.71/Mcf before hedges.
- Capital investment Q2 $67.8M; full-year 2021 capex guided $290-310M.
- Forecast FY 2021 free cash flow $290-310M; net production 975-1,000 MMcfe/d.
- As of June 30: liquidity ~$150M; total debt includes $550M senior notes, $180M term loan, $105M revolver.