earnings
confidence high
sentiment positive
materiality 0.85
Gulfport Energy reports Q4 net income $558M, adj EBITDA $225M; guides 2022 production ~1.0 Bcfe/d, FCF $335M
GULFPORT ENERGY CORP
2021-FY EPS reported
-$5.71
revenue$535,765,000
- Q4 2021 net income $558.1M, adjusted EBITDA $224.9M; full-year net income $138.2M, adjusted EBITDA $716.8M.
- Full-year 2021 production 1,003.6 MMcfe/d (2% above original guidance midpoint); capex 2% below midpoint.
- Total proved reserves 3.9 Tcfe, up 51% YoY; PV-10 of $4.3B at December 31, 2021.
- 2022 guidance: production 975-1,025 MMcfe/d, capex $340-380M, free cash flow approximately $335M.
- Authorized $100M stock repurchase program; liquidity $417M at year-end 2021; zero revolver borrowings as of Feb 25, 2022.