earnings
confidence high
sentiment positive
materiality 0.75
Gulfport Energy Q2 net income $184.5M; expands buyback to $1.5B, redeems preferred stock
GULFPORT ENERGY CORP
2025-Q2 EPS reported
$9.01
revenue$644,650,000
- Net income $184.5M ($9.12 diluted EPS) vs $26.2M loss in Q2 2024.
- Total production 1,006.3 MMcfe/d (+8% QoQ) but hit by ~40 MMcfe/d midstream outages.
- Stock repurchase authorization expanded 50% to $1.5B; repurchased 338.9k shares for $65M.
- Plans to redeem all Series A Convertible Preferred Stock on Sept 5, 2025 for cash.
- Plans $75M-$100M in discretionary acreage acquisitions to extend inventory 2+ years.
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