earnings
confidence high
sentiment positive
materiality 0.75
Gulfport Energy Q2 net income $256.6M, expands buyback to $300M, updates guidance
GULFPORT ENERGY CORP
2022-Q2 EPS reported
-$11.36
revenue$157,518,000
- Q2 2022 net income $256.6M ($10.34 diluted EPS); adjusted EBITDA $204.5M.
- Production 959.1 MMcfe/d (90% gas); revenue $638.2M (before hedging loss).
- Share repurchase program expanded from $200M to $300M; 2.2M shares repurchased YTD at $86.59 avg.
- Borrowing base raised to $1.0B; liquidity $469M at June 30.
- FY2022 guidance: D&C capex $375-405M (up); production 975-1000 MMcfe/d (narrowed); FCF unchanged $375-425M.