earnings
confidence high
sentiment neutral
materiality 0.65
Gulfport Energy Q2 net loss $26.2M; adjusted EBITDA $164.4M; production 1,050 MMcfe/d
GULFPORT ENERGY CORP
2024-Q2 EPS reported
$1.09
revenue$464,346,000
- GAAP net loss $26.2M (diluted EPS -$1.51); adjusted net income $54.0M; adjusted EBITDA $164.4M.
- Total production averaged 1,050.1 MMcfe/d (92% gas); capital expenditures $122.2M; adjusted free cash flow $20.2M.
- Repurchased ~160.6k shares for $25.0M in Q2; remaining capacity $188.8M under buyback program.
- Full-year 2024 production guidance narrowed to 1,055-1,070 MMcfe/d; $25M capex savings from operational efficiencies.
- Plans $45M in discretionary acreage acquisitions in 2024; $19M deployed in Q2; liquidity $707.4M.