Second quarter earnings at Gulfport Energy Corporation will be made public in a few weeks.
The Oklahoma City company, with operations in eastern Ohio targeting the Utica and Marcellus formations and in central Oklahoma’s Anadarko Basin, plans to release the financial and operating results on Monday, August 3 after market close.
Company leader will gather Tuesday, August 4 to hold a conference call at 9 a.m. CT to discuss the results and their impact on the firm’s operations.
First Quarter 2026 and Recent Highlights
- Delivered total net production of 996.8 MMcfe per day, an increase of 7% over first quarter 2025
- Incurred capital expenditures of $121.7 million, which includes $117.9 million of operated D&C capital expenditures and $3.9 million of maintenance land and seismic investment
- Completed opportunistic discretionary acreage acquisitions totaling $39.5 million
- Reported $165.8 million of net income and $264.2 million of adjusted EBITDA(1)
- Generated $292.9 million of net cash provided by operating activities and $118.9 million of adjusted free cash flow(1)
- Repurchased approximately 866 thousand shares of common stock for approximately $172.8 million
- Reaffirming full year 2026 guidance with fourth quarter 2026 net daily equivalent production to grow approximately 5% compared to fourth quarter 2025
- Completed spring borrowing base redetermination of revolving credit facility with reaffirmed borrowing base of $1.1 billion and an increase in elected commitments of 10% to $1.1 billion
- Achieved significant drilling efficiencies across both operating areas, including a 50% improvement in drilling footage per day in the Marcellus and SCOOP drilling cycle times that were 25% better than internal expectations
