secwatch.observer — SEC 8-K summary
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Issuer:     GULFPORT ENERGY CORP (GPOR)
CIK:        0000874499
Form:       8-K
Filed at:   2023-05-02T23:59:59+00:00
Accession:  0001213900-23-035561
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/874499/000121390023035561/0001213900-23-035561-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/874499/000121390023035561/ea177827-8k_gulfport.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-035561

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