secwatch.observer — SEC 8-K summary
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Issuer:     GULFPORT ENERGY CORP (GPOR)
CIK:        0000874499
Form:       8-K
Filed at:   2022-05-03T23:59:59+00:00
Accession:  0001213900-22-023623
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gulfport Energy reports Q1 adjusted EBITDA $235M, expands buyback to $200M, raises FCF guidance
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- Q1 net loss $492M (GAAP) on $481M revenue; adjusted EBITDA $235.3M; free cash flow $116.8M.
- Expanded stock repurchase program from $100M to $200M authorization; repurchased 748k shares for $63M YTD.
- Raised 2022 capital expenditure forecast to $380-$420M; increased free cash flow guidance to $375-$425M at current strip.
- Spring borrowing base redetermined to $1B (from $850M), maintaining $700M lender commitments; eased hedging and restricted payment covenants.
- Q1 net production averaged 1,008 MMcfe/day (92% gas); Utica and SCOOP drove volumes; capital investment $100.4M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/874499/000121390022023623/0001213900-22-023623-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/874499/000121390022023623/ea159294-8k_gulfport.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-023623

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