NYSE$GPOR
Gulfport Energy Corporation · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Gulfport reported strong first quarter results, driven by operational efficiencies and robust free cash flow generation.
Gulfport Energy Corporation reported its financial and operational results for the first quarter of 2024. The company highlighted improvements in operational efficiencies and strong adjusted free cash flow generation, which allowed for continued capital returns to shareholders through common stock repurchases. Despite the low natural gas price environment, Gulfport is deferring certain drilling and completion activities to the second half of 2024, expecting a positive financial impact and maintaining full year guidance.
- Operational efficiencies improved, leading to capital spending below analyst expectations.
- Adjusted free cash flow generation was robust, enabling continued capital returns to shareholders.
- The company is deferring certain drilling and completion activities to the second half of 2024 due to the current low natural gas price environment.
- Full year 2024 guidance was reaffirmed, with expectations of robust adjusted free cash flow generation driven by improving capital efficiencies and a focus on liquids-rich development.
Headline financials
Revenue & EPS history
Gulfport · Revenue · Quarterly
$283M
Revenue by segment
Gulfport · $312M total across 3 segments · Q2 2025
- Natural Gas$241M—77.4%
- Oil and Condensate$41.5M—13.3%
- NGL$28.7M—9.2%
Forward guidance
The Company is reaffirming its full year 2024 guidance previously issued on February 27, 2024 and anticipates the shift in D&C activity will result in a negligible impact to its full year 2024 net production.
Tailwinds
- Full year 2024 guidance reaffirmed.
- Reaffirmed borrowing base at $1.1 billion.
- Elected commitments remaining at $900 million.
- Expects a negligible impact to its full year 2024 net production.
- Forecasts approximately 65% of its D&C capital expenditures will be invested during the first half of 2024.
Headwinds
- Deferring certain drilling and completion activities until the second half of 2024.
- Current natural gas environment impacting drilling and completion plans.
- Volatility in commodity prices.
- Exposure to commodity price fluctuations mitigated through derivative contracts.
- Uncertainty in timing and level of development activity due to market conditions.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2024
+1.9%
Avg return
Earnings day
+3.4%
Avg return
5 days after
+7.3%
Avg return
30 days after
63%
12 / 19 earnings
Positive
+13.8%
Q4 2022
Best reaction
-8.6%
Q1 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2025 | — | — | — | |
| Q1 2026 | -7.6% | -7.8% | -13.9% | |
| Q4 2025 | +1.5% | +6.5% | +10.2% | |
| Q3 2025 | +0.1% | +4.8% | +10.2% | |
| Q1 2025 | +3.5% | +5.7% | +4.8% | |
| Q4 2024 | -3.3% | -6.1% | +2.9% | |
| Q3 2024 | +11.3% | +11.6% | +29.8% | |
| Q2 2024 | -0.3% | +2.9% | +3.5% | |
| Q1 2024 | -8.6% | -7.0% | -2.5% | |
| Q4 2023 | +0.8% | +0.6% | +13.5% | |
| Q3 2023 | +5.9% | +8.5% | +11.6% | |
| Q2 2023 | +0.3% | +4.4% | +15.2% | |
| Q1 2023 | +4.6% | +7.1% | +14.0% | |
| Q4 2022 | +13.8% | +23.0% | +18.5% | |
| Q3 2022 | -3.6% | -2.6% | -13.8% | |
| Q2 2022 | +2.4% | +1.7% | +11.7% | |
| Q1 2022 | +6.4% | +0.5% | +6.6% | |
| Q4 2021 | +11.7% | +14.9% | +34.6% | |
| Q3 2021 | -0.8% | -0.6% | -19.2% | |
| Q2 2021 | -1.2% | -3.0% | +0.8% | |
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