Gulfport Energy reports Q4 net income $245.7M, adjusted EBITDA $190.8M; 2024 guidance flat production

GULFPORT ENERGY CORP

2023-FY EPS reported $66.46 revenue$1,791,702,000

Q4 production 1,063.3 MMcfe/d above consensus; net income $245.7M, adjusted EBITDA $190.8M.
Full year 2023 net income $1.5B, adjusted EBITDA $725.0M; production at high end of increased guidance.
FY2024 guidance: production 1,045-1,080 MMcfe/d, base capex $380-420M, focusing on liquids-rich development.
Plan to allocate substantially all adjusted FCF (ex-acquisitions) to share repurchases; $236M buyback capacity remaining.
Added ~1.5 years of inventory via Utica acreage acquisitions and delineated Marcellus liquids locations.

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 0.95

GULFPORT ENERGY CORP reported the three months and full year ended December 31, 2023 results: net income $245.7 million of net income. Guidance reaffirmed.

Period: the three months and full year ended December 31, 2023
Net income: $245.7 million of net income
Guidance: reaffirmed
Result: reported results

Exact text from the filing

On February 27, 2024, Gulfport Energy Corporation (“Gulfport”) issued a press release reporting its financial and operating results for the three months and full year ended December 31, 2023, and provided its 2024 operational and financial guidance.

View on SEC.gov

Browse all earnings releases →

GULFPORT ENERGY CORP filing history →

Source: SEC EDGAR

accession 0001213900-24-017528

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.