secwatch.observer — SEC 8-K summary
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Issuer:     GULFPORT ENERGY CORP (GPOR)
CIK:        0000874499
Form:       8-K
Filed at:   2024-04-30T23:59:59+00:00
Accession:  0001213900-24-037832
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gulfport Energy Q1 net income $52M, adjusted EBITDA $185.7M above consensus; production in line
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- Net income $52M ($2.34 diluted EPS), down from $523M in Q1 2023; adjusted EBITDA $185.7M above consensus.
- Total production 1,053.7 MMcfe/d in line; natural gas avg price $2.13/Mcf (ex-hedges), down from $3.32 YoY.
- Capital expenditures $124.4M below expectations; full-year D&C guidance $330-360M reaffirmed.
- Reduced revolver borrowings by $31M; liquidity $757.4M as of March 31.
- Repurchased 210k shares for $29.5M in Q1; $220.9M remaining under buyback program.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/874499/000121390024037832/0001213900-24-037832-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/874499/000121390024037832/ea0204896-8k_gulfport.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-037832

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer