Gulfport Energy Corp ( (GPOR) ) has released its Q4 earnings. Here is a breakdown of the information Gulfport Energy Corp presented to its investors.
Gulfport Energy Corporation is an independent exploration and production company primarily focused on natural gas, crude oil, and natural gas liquids in the United States, with significant operations in the Appalachia and Anadarko basins.
In its latest earnings report, Gulfport Energy announced its financial and operating results for the fourth quarter and full year of 2024, alongside its operational and financial guidance for 2025. The company highlighted its strategic focus on capital efficiency and increased production, particularly in the Utica and Marcellus formations.
Key financial metrics for 2024 included a total net production of 1.05 Bcfe per day and a net loss of $261.4 million, although adjusted net income was reported at $282.5 million. The company also achieved significant operational efficiencies, with a 10% improvement in drilling footage per day and a 25% increase in completion hours pumped per day. Gulfport plans to invest between $370 million and $395 million in 2025, with a focus on maintaining production levels and enhancing capital efficiencies.
Looking ahead, Gulfport Energy aims to increase its net daily liquids production by over 30% in 2025 compared to 2024, while maintaining flat year-over-year net daily equivalent production. The company plans to allocate most of its adjusted free cash flow towards common share repurchases, reflecting a commitment to returning value to shareholders.
Gulfport Energy’s management remains optimistic about the company’s future, emphasizing the potential for increased free cash flow generation and maintaining exposure to an improving natural gas market. The company continues to focus on operational efficiencies and strategic investments to drive growth and shareholder value.