Gulfport Energy (GPOR) came out with quarterly earnings of $2.91 per share, beating the Zacks Consensus Estimate of $2.88 per share. This compares to earnings of $1.85 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 1.04%. A quarter ago, it was expected that this natural gas producer would post earnings of $4.32 per share when it actually produced earnings of $3.31, delivering a surprise of -23.38%. Over the last four quarter ...

Exhibit 99.2 Three months and six months ended June 30, 2024 Supplemental Information of Gulfport Energy | --- | --- | |-------------------------------------------------------|-------| | Table of Contents: | Page: | | Production Volumes by Asset Area | 2 | | Production and Pricing | 4 | | Consolidated Statements of Income | 6 | | Consolidated Balance Sheets | 8 | | Consolidated Statement of Cash Flows | 10 | | Updated 2024E Guidance | 12 | | Derivatives | 13 | | Non-GAAP Reconciliations | 14 | | Definitions ...

6381380/iStock Editorial via Getty Images Gulfport Energy (NYSE:GPOR) is a US natural gas producer with production in Oklahoma's Anadarko and Ohio's developing Utica play. It is a comeback company, having gone into bankruptcy in November 2020 and recovered through investment by companies like Silver Point Capital LP (at 29% of equity on March 31, 2024) and a careful gas hedging program. Gulfport does have a share repurchase program. Its stock is up 16% since my last review and has 32% upside to its one-year ...

Gulfport Energy Corporation (NYSE:GPOR) Q1 2024 Earnings Conference Call May 1, 2024 10:00 AM ET Company Participants Jessica Antle - VP of IR John Reinhart - President and CEO Michael Hodges - EVP and CFO Matt Rucker - SVP of Operations Conference Call Participants Bert Donnes - Truist Zach Parham - JPMorgan Tim Rezvan - KeyBanc Capital Markets Jacob Roberts - Tudor, Pickering, Holt Operator Greetings. Welcome to Gulfport Energy Corporation's First Quarter 2024 Earnings Call. [Operator Instructions] Please ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-19514 Gulfport Energy Corporation (Exact name of registrant as specified in its charter) (State or other jurisdiction of incor ...

Gulfport Energy (GPOR) came out with quarterly earnings of $3.31 per share, missing the Zacks Consensus Estimate of $4.32 per share. This compares to earnings of $2.58 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -23.38%. A quarter ago, it was expected that this natural gas producer would post earnings of $3.56 per share when it actually produced earnings of $3.10, delivering a surprise of -12.92%.Over the last four quarter ...

Exhibit 99.2 Three months ended March 31, 2024 Supplemental Information of Gulfport Energy | Table of Contents: | Page: | | --- | --- | | Production Volumes by Asset Area | 2 | | Production and Pricing | 3 | | Consolidated Statements of Income | 4 | | Consolidated Balance Sheets | 5 | | Consolidated Statement of Cash Flows | 7 | | 2024E Guidance | 8 | | Derivatives | 9 | | Non-GAAP Reconciliations | 10 | | Definitions | 11 | | Adjusted Net Income | 12 | | Adjusted EBITDA | 13 | | Adjusted Free Cash Flow | 1 ...

Wall Street expects a year-over-year increase in earnings on lower revenues when Gulfport Energy (GPOR) reports results for the quarter ended March 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on April 30, 2024, might help the stock move higher if these key numbers are better than ex ...

Table of Contents Index to Financial Statements UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-19514 Gulfport Energy Corporation (Exact name of registrant as specified in its charter) (State or ot ...

Financial Data and Key Metrics Changes - The company reported net cash provided by operating activities before changes in working capital totaling approximately $184 million during Q4 2023, more than doubling capital expenditures and allowing for significant common share repurchases [13] - Adjusted EBITDA for the quarter was $191 million, with adjusted free cash flow of $85 million driven by a strong hedge position and low operating costs [13] - The all-in realized price during Q4 was $3.20 per million cubic feet equivalent (Mcfe), which is $0.33 above the NYMEX Henry Hub Index price, highlighting the benefits of the company's diverse marketing portfolio [55] Business Line Data and Key Metrics Changes - The company drilled and turned to sales 24 gross wells in 2023, including 20 in the Utica, 2 in the Marcellus, and 2 in the SCOOP, achieving over a 60% year-over-year improvement in total footage drilled per day [6][24] - Production for the year averaged 1,054 million cubic feet equivalent per day, roughly 3% above the high-end of initial guidance [5] - The company anticipates production levels in 2024 to be between 1.045 billion to 1.08 billion cubic feet equivalent per day, remaining relatively flat compared to 2023 [11] Market Data and Key Metrics Changes - The natural gas price differential before hedges was negative $0.51 per Mcf compared to the average monthly NYMEX settled price during Q4, slightly tighter than Q3 2023 [55] - The company has locked in over 40% of its 2024 natural gas basis exposure, providing pricing security at major sales points [56] Company Strategy and Development Direction - The company plans to focus on optimizing margins, development program cycle times, and operating costs, projecting total capital spending for 2024 to be in the range of $380 million to $420 million [30] - The company is prioritizing the development of recently acquired Utica acreage, with plans to begin pad construction in late 2024 and commence drilling in early 2025 [29] - The company aims to allocate substantially all of its adjusted free cash flow towards common share repurchases, excluding acquisitions, for the foreseeable future [12][17] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in generating meaningful adjusted free cash flow in 2024 despite a challenging commodity backdrop, projecting a top decile free cash flow yield relative to natural gas peers [12] - The company remains committed to a disciplined approach for hedging cash flows, with downside protection covering 590 million cubic feet per day in 2024 at an average floor price of $3.69 per Mcf [15][16] - Management highlighted the importance of developing assets efficiently and sustainably, with a focus on capital efficiency and cost reduction [24][30] Other Important Information - The company achieved over $35 million in capital savings during 2023, which were reinvested into the development of high-quality assets [7] - The company has repurchased approximately 4.5 million shares of common stock since initiating the repurchase program in March 2022, reducing common shares outstanding by 15% [17] Q&A Session Summary Question: What are the drivers of the 10% lower capital requirement? - The company noted that approximately 65% of the savings are due to efficiencies, while 35% comes from supply chain improvements and restructuring contracts [59] Question: How does the company view the Marcellus development? - Management expressed excitement about the Marcellus, indicating it could become a larger part of the program depending on pricing and returns [62] Question: What would lead the company to defer production? - The company assesses production on an economic basis, considering commodity prices and potential future upside when deciding on deferrals [49]