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Mar 31, 2025
Gulfport Q1 2025 Earnings Report
Gulfport Energy reported its financial and operational results for the first quarter of 2025, highlighting strong production, strategic shifts in drilling activity, and robust financial performance.
Key Takeaways
Gulfport Energy delivered strong first quarter 2025 results, exceeding company expectations with total net production of 929.3 MMcfe per day and generating $36.6 million in adjusted free cash flow. The company reaffirmed its full-year 2025 guidance and announced a strategic shift in late 2025 drilling activity towards dry gas Utica development to optimize future returns.
Total net production reached 929.3 MMcfe per day, with net liquids production increasing 14% over Q1 2024.
Adjusted EBITDA was $218.3 million, and adjusted free cash flow totaled $36.6 million.
The company repurchased approximately 341 thousand shares of common stock for $60.0 million.
Full year 2025 guidance was reaffirmed, with natural gas production expected to increase approximately 20% by Q4 2025 compared to Q1 2025.
Forward Guidance
Gulfport Energy reaffirmed its full-year 2025 guidance, anticipating a significant increase in natural gas production by the fourth quarter and a strategic shift in drilling activity to optimize future returns and shareholder value.
Positive Outlook
- Natural gas production expected to increase approximately 20% by fourth quarter 2025 compared to first quarter 2025.
- Strategic shift of drilling activity in late 2025 toward dry gas Utica development to bolster 2026 development economics.
- Commitment to return substantially all adjusted free cash flow, excluding discretionary acreage acquisitions, through common stock repurchases.
- Flexibility within asset base to dynamically respond to current market conditions.
- Robust adjusted free cash flow generation forecasted for 2025.
Challenges Ahead
- No specific negative forward guidance was provided in the report.
- The company operates in a commodity price sensitive industry, which could impact future results.
Historical Earnings Impact
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