Gulfport Energy Q3 net loss $18.5M; FY 2022 FCF guidance ~$300M

GULFPORT ENERGY CORP

2022-Q3 EPS reported -$12.58 revenue$348,620,000

Net loss of $18.5M ($1.01 diluted EPS loss); adjusted EBITDA of $172.7M vs prior-year $461.3M net loss.
Average daily production 914.9 MMcfe, down 6% YoY; mix ~89% natural gas, 8% NGL, 3% oil.
Completed 18 wells; added top-hole rig in Utica; D&C capex guidance raised to ~$415M.
Repurchased 2.7M shares for $232.8M through Oct 27 at avg $87.37/share.
Updated FY 2022 FCF guidance ~$300M; natural gas differential guidance widened to ($0.30)-($0.40) off NYMEX.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

GULFPORT ENERGY CORP reported the three months ended September 30, 2022 results: net income $18.5 million of net loss.

Period: the three months ended September 30, 2022
Net income: $18.5 million of net loss
Result: reported results

Exact text from the filing

OKLAHOMA CITY (November 1, 2022) Gulfport Energy Corporation (NYSE: GPOR) (“Gulfport” or the “Company”) today reported financial and operating results for the three months ended September 30, 2022 and provided an update on its 2022 development plan and financial guidance. Third Quarter 2022 and Recent Highlights ● Delivered total net production of 914.9 MMcfe per day ● Completed four-well Extreme pad in the Utica and brought online at a combined gross peak production rate of approximately 140 MMcfe per day ● Reported $18.5 million of net loss and $172.7 million of adjusted EBITDA (1) ● Generated $167.9 million of net cash provided by operating activities and $11.1 million of free cash flow (1) ● Reaffirmed borrowing base of $1.0 billion with elected commitments to remain at $700 million ● Returned approximately $232.8 million of capital to shareholders through the repurchase of approximately 2.7 million shares of common stock through October 27, 2022 ● Issued 2022 Corporate Sustainabil

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Source: SEC EDGAR

accession 0001213900-22-068292

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