---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-035561"
form_type: "8-K"
ticker: "GPOR"
cik: "0000874499"
company_name: "GULFPORT ENERGY CORP"
filed_at: "2023-05-02T23:59:59+00:00"
generated_at: "2026-06-16T04:20:40.566711+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Gulfport Q1 net income $523M, beats consensus; production up 5% YoY; borrowing base raised to $1.1B

## Summary
- Net income of $523.1M ($22.90 diluted EPS) vs net loss of $492M in Q1 2022.
- Adjusted EBITDA of $229.7M; adjusted free cash flow of $63.1M in Q1 2023.
- Net production 1,057.4 MMcfe/d, above analyst consensus; Utica 738.5 MMcfe/d, SCOOP 318.9 MMcfe/d.
- Reduced total debt by $145M from Dec 2022; no revolver borrowings at March 31; borrowing base increased to $1.1B.
- Reaffirmed 2023 capex $425-475M; production trending to high end of 1,000-1,040 MMcfe/d guidance range.

## SEC filing metadata
- accession: 0001213900-23-035561
- form_type: 8-K
- ticker: GPOR
- cik: 0000874499
- company_name: GULFPORT ENERGY CORP
- filed_at: 2023-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/874499/000121390023035561/0001213900-23-035561-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/874499/000121390023035561/ea177827-8k_gulfport.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-035561
- JSON: https://secwatch.observer/filing/0001213900-23-035561.json
- Plain text: https://secwatch.observer/filing/0001213900-23-035561.txt

## Key facts
- Earnings Releases
  GULFPORT ENERGY CORP reported First Quarter 2023 results: net income $523.1 million. Guidance reaffirmed.
  - Period: First Quarter 2023
  - Net income: $523.1 million
  - Guidance: reaffirmed
  - Result: reported results
  source text: First Quarter 2023 and Recent Highlights ● Delivered total net production of 1,057.4 MMcfe per day, above analyst consensus expectations ● Reported $523.1 million of net income and $229.7 million of adjusted EBITDA
  evidence_url: https://www.sec.gov/Archives/edgar/data/874499/000121390023035561/0001213900-23-035561-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.