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Gulfport Energy (GPOR)
NYSE:GPOR
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Earnings Data
Report Date
Mar 04, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$4.32Last Year’s EPS
$5.02Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 05, 2024
|% Change Since: 17.77%
|Next Earnings Date:Mar 04, 2025
Earnings Call Sentiment|Positive
The earnings call reflected strong operational and financial performance with key achievements in share repurchases, liquidity improvements, and sustainability goals. However, there were challenges in production volume growth and a dependency on hedging for pricing. Despite these concerns, the positives significantly outweighed the negatives.Company Guidance
During the Gulfport Energy Corporation's third-quarter earnings call for 2024, the company announced several key metrics and strategic updates that highlight its financial and operational performance. Gulfport repurchased about $50 million of common stock, expanded its stock repurchase authorization by 54% to $1 billion, and lowered its 2024 capital spend guidance midpoint by $15 million. The quarter also saw a 68% increase in high-margin condensate production, bolstered by discretionary acreage acquisitions totaling approximately $20 million, enhancing their liquids-rich drilling locations. Gulfport improved its balance sheet by extending debt maturities by over three years and increasing liquidity by approximately $200 million, while maintaining a leverage profile below 1x. The company reported adjusted EBITDA of $178 million and adjusted free cash flow of $73 million, both exceeding analyst expectations. Capital savings for drilling and completion activities are expected to surpass $25 million in 2024, with Gulfport lowering its full-year capital guidance by around 4% at the midpoint, forecasting D&C capital in the $325-$335 million range. Additionally, Gulfport achieved an A grade under the MIQ methane emission standard for its Appalachian natural gas production for the second consecutive year, emphasizing its commitment to sustainability and emission intensity reductions.Share Repurchase and Authorization Increase
The company repurchased approximately $50 million of common stock and expanded the repurchase authorization by 54% to $1 billion.
Improvement in Liquidity and Leverage
Increased liquidity by approximately $200 million and maintained a leverage profile below 1x.
Operational Efficiency Improvements
Achieved $25 million in capital savings on drilling and completion activities for 2024.
Strong Performance in Condensate Production
High-margin condensate production increased by 68% quarter-over-quarter.
Sustainability Achievement
Achieved an A grade under the MIQ methane emission standard for all natural gas production in Appalachia for the second consecutive year.
Financial Performance Exceeded Expectations
Adjusted EBITDA was $178 million and adjusted free cash flow was $73 million, both exceeding analyst expectations.
Strategic Land Acquisitions
Added approximately $20 million of discretionary acreage acquisitions, enhancing high-quality inventory.
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GPOR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GPOR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 05, 2024 | $140.54 | $154.47 | +9.91% |
| Aug 06, 2024 | $134.92 | $133.80 | -0.83% |
| Apr 30, 2024 | $158.71 | $150.57 | -5.13% |
| Feb 27, 2024 | $141.79 | $142.26 | +0.33% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Gulfport Energy (GPOR) report earnings?
Gulfport Energy (GPOR) is schdueled to report earning on Mar 04, 2025, TBA Not Confirmed.
What is Gulfport Energy (GPOR) earnings time?
Gulfport Energy (GPOR) earnings time is at Mar 04, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GPOR EPS forecast?
GPOR EPS forecast for the fiscal quarter 2024 (Q4) is $4.32.
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