NYSE$GPOR

Gulfport Energy Corporation · Q4 2024 earnings

Q4 2024 earnings · · After market close · Investor relations

Briefing

Gulfport Energy reported its financial and operating results for the fourth quarter and full year ended December 31, 2024.

Gulfport Energy delivered strong fourth quarter results, exceeding analyst expectations for net income and adjusted EBITDA, driven by increased liquids production and efficient operations. The company also provided optimistic 2025 guidance, forecasting significant liquids production growth and continued capital efficiency.

  • Fourth quarter total net production was 1.06 Bcfe per day.
  • Net liquids production increased by 7% over Q3 2024 and 13% over Q4 2023, reaching 16.2 MBbl per day.
  • Capital expenditures, excluding discretionary acreage acquisitions, were $56.3 million, below analyst consensus.
  • The company repurchased 491 thousand shares of common stock for approximately $80.1 million in Q4 2024.

Headline financials

Total Revenue

$355M

Previous: $489M-27.4%
EPS (adj)

-$0.49

Previous: $5.02-109.8%
Net Daily Production (Mcfe/d)

1.1M

Previous: 1.1B-99.9%
Net Daily Liquids (Bbl/d)

16.2K

Previous: 10.9K+48.6%
Natural Gas Production (Mcf/d)

958.1K

No prior period
Oil & Condensate Production (Bbl/d)

5.2K

No prior period
NGL Production (Bbl/d)

11.0K

No prior period
Net Income

-$273M

Previous: $246M-211.2%
Operating Income

$149M

Previous: $56.4M+163.6%

Revenue & EPS history

Gulfport · Revenue · Quarterly

$355M

Q4 2024-27.4%vs Q4 2023
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Forward guidance

Gulfport's 2025 guidance projects an optimized development program leading to increased capital efficiencies and strong corporate margins, with significant growth in liquids production and flat overall equivalent production.

Tailwinds

  • Estimate net daily liquids production increase of over 30% compared to full year 2024, ranging from 18.0 to 20.5 MBbl per day.
  • Expect to deliver flat year-over-year net daily equivalent production with a range of 1.04 Bcfe to 1.065 Bcfe per day.
  • Full-year drilling and completion capital per foot of completed lateral expected to decrease by approximately 20% when compared to full year 2024, including approximately 10% well cost reductions.
  • Plan to invest total base capital expenditures of $370 million to $395 million, including $35 million to $40 million on maintenance leasehold and land investment.
  • Plan to continue to allocate substantially all adjusted free cash flow, excluding acquisitions, toward common share repurchases.

Headwinds

  • No specific negative forward guidance points were highlighted in the provided text.
  • The guidance assumes commodity strip prices as of January 27, 2025, which are subject to market fluctuations.
  • The guidance does not include any property acquisitions or divestitures, which could impact actual results.
  • Future results could differ materially due to inaccurate or changed assumptions, or known/unknown risks and uncertainties.
  • The company undertakes no obligation to release publicly any revisions to forward-looking statements.

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 2024

Historical avgQ4 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

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

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