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Dec 31, 2023
Gulfport Q4 2023 Earnings Report
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.
Key Takeaways
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.