Gulfport Energy reports Q4 net income $748.6M, expands buyback to $400M, guides 2023 production up 2-6%

GULFPORT ENERGY CORP

2022-FY EPS reported $20.32 revenue$1,331,112,000

Q4 net income $748.6M; full-year net income $494.7M; adjusted EBITDA $768.4M.
2023 production guidance 1,000-1,040 MMcfe/d (2-6% YoY increase); capex $425-475M.
Board expanded share repurchase program from $300M to $400M; 3.1M shares repurchased for $264.4M to date.
Total proved reserves 4.0 Tcfe (+4% YoY); PV-10 $9.5B.
Borrowing base increased to $1.0B; total debt reduced by $19M.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

GULFPORT ENERGY CORP reported the three months and full year ended December 31, 2022 results: net income $748.6 million of net income. Guidance initiated.

Period: the three months and full year ended December 31, 2022
Net income: $748.6 million of net income
Guidance: initiated
Result: reported results

Exact text from the filing

Gulfport Energy Corporation (“Gulfport”) issued a press release reporting its financial and operational results for the three month s and full year ended December 31, 2022, and provided its 2023 operational and financial guidance.

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Source: SEC EDGAR

accession 0001213900-23-015453

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