NYSE$GPOR

Gulfport Energy Corporation · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

Gulfport's Q4 2023 results were driven by its quality resource base and improved development efficiencies, with net production at the high end of guidance and significant adjusted free cash flow generation.

Gulfport Energy Corporation reported strong Q4 2023 results, driven by its quality resource base and improved development efficiencies. The company delivered net production at the high end of the updated guidance range and generated meaningful adjusted free cash flow. Gulfport strategically acquired liquids-rich Utica acreage, extending its inventory base, and delineated liquids-rich Marcellus locations.

  • Gulfport's 2023 results were highlighted by its quality resource base and improved development efficiencies.
  • The company delivered net production at the high end of the updated guidance range.
  • Gulfport strategically acquired liquids-rich Utica acreage, extending its inventory base.
  • The company allocated approximately 99% of its adjusted free cash flow to repurchasing its common stock during 2023.

Headline financials

Total Revenue

$489M

Previous: $982M-50.2%
EPS (adj)

$5.02

Previous: $3.13+60.4%
Net Daily Production (Mcfe/d)

1.1B

No prior period
Net Daily Liquids (Bbl/d)

10.9K

No prior period
Net Income

$246M

Previous: $749M-67.2%
Operating Income

$56.4M

Previous: $765M-92.6%
Gross Profit

$67.8M

Previous: $450M-84.9%
Stock-Based Comp

$2.08M

Previous: $5.72M-63.7%

Revenue & EPS history

Gulfport · Revenue · Quarterly

$489M

Q4 2023-50.2%vs Q4 2022
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

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 Q4 2023

Historical avgQ4 2023

+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

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
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%
Q1 2021
Q4 2020
Q3 2020
Q2 2020
Q1 2020
Q4 2019
Q3 2019
Q2 2019
Q1 2019
Q4 2018
Q3 2018
Q2 2018
Q1 2018
Q4 2017
Q3 2017
Q2 2017
Q1 2017
Q4 2016
Q3 2016
Q2 2016
Q1 2016
Q4 2015
Q3 2015
Q2 2015
Q1 2015
Q4 2014
Q3 2014
Q2 2014
Q1 2014
Q4 2013
Q3 2013
Q2 2013
Q1 2013
Q4 2010
Q1 2010
Q4 2011
Q4 2012
Q3 2012
Q2 2012
Q1 2011
Q1 2012
Q4 2009
Q3 2010
Q3 2011
Q2 2011
Q2 2010

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro