earnings
confidence high
sentiment neutral
materiality 0.75
Gulfport Q3 net loss $14M; adjusted EBITDA $178.1M, expands buyback to $1.0B
GULFPORT ENERGY CORP
2024-Q3 EPS reported
$0.40
revenue$718,258,000
- Q3 net loss of $14.0M (diluted EPS -$0.83); adjusted net income of $61.8M; adjusted EBITDA $178.1M.
- Total production 1.057 Bcfe/d (91% gas); oil output rose 68% QoQ to 4.6 MBbl/d.
- Capital expenditures $82.5M; full-year D&C guidance trimmed to $325-335M (down 4% midpoint).
- Share repurchase authorization expanded 54% to $1.0B through Dec 2025; $481.3M remaining capacity.
- Completed $19.8M discretionary acreage acquisitions; extended senior note maturities by 3.2 years.