Gulfport Energy reports Q3 adjusted EBITDA $178.1M

Delivered total net production of 1.06 Bcfe per day comprised of approximately 91% natural gas, 6% natural gas liquids and 3% oil and condensate. John Reinhart, President and CEO, commented, “Gulfport’s third quarter results continued to benefit from the operating momentum that we have built throughout this year and as we announced in August, the Company expects to realize over $25 million in capital savings on our drilling and completion activities during 2024. Based on the current commodity price environment, we have elected to allocate the majority of these savings to incremental shareholder returns through our recently expanded common share repurchase program. As a result, we are lowering our full year 2024 capital guidance.”