Welcome to our dedicated page for Gulfport Energy news (Ticker: GPOR), a resource for investors and traders seeking the latest updates and insights on Gulfport Energy stock.
Gulfport Energy Corporation (NYSE: GPOR) is an independent, natural gas-weighted exploration and production company focused on the exploration, acquisition and production of natural gas, crude oil and natural gas liquids in the United States. Its public disclosures highlight principal properties in eastern Ohio targeting the Utica and Marcellus formations and in central Oklahoma targeting the SCOOP Woodford and SCOOP Springer formations. The GPOR news feed on Stock Titan brings together these ongoing operational and financial updates in one place.
News about Gulfport commonly includes quarterly and annual financial and operating results, where the company reports net daily production, production mix, capital expenditures and liquidity. Releases also describe drilling and completion activity in the Utica, Marcellus and SCOOP areas, including wells spud, drilled, completed and turned to sales, as well as discretionary acreage acquisitions and appraisal projects such as U-development in the Utica and recompletion activity on historical Utica development.
Investors following GPOR can also expect news on Gulfport’s capital allocation decisions. The company has announced common stock repurchase authorizations, periodic common share repurchases and the redemption of its Series A Convertible Preferred Stock. It also reports on borrowing base redeterminations for its revolving credit facility, senior notes and the use of commodity derivative contracts to mitigate exposure to price fluctuations.
In addition, Gulfport issues communications about its Corporate Sustainability Report and conference calls and webcasts to discuss results and outlook. The GPOR news page on Stock Titan aggregates these press releases and related updates so readers can review the company’s reported production trends, capital programs, reserve information and corporate actions over time.
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Gulfport Energy Corporation (NYSE: GPOR) will host a teleconference and webcast to discuss its first quarter 2023 results on May 3, 2023, at 9:00 a.m. ET. The company plans to release its financial results the previous day, May 2, 2023, after market close. Interested parties can access the live conference call via the Gulfport website or by dialing appropriate numbers for domestic or international participation. A replay will be available from May 4 to May 18, 2023.
Gulfport operates as an independent natural gas-weighted exploration and production company, primarily focusing on the Appalachia and Anadarko basins. Their key properties are situated in eastern Ohio and central Oklahoma, targeting the Utica formation and the SCOOP Woodford and Springer formations.
Gulfport Energy Corporation (NYSE: GPOR) announced the appointment of Michael Hodges as Executive Vice President and Chief Financial Officer, effective April 3, 2023, succeeding Bill Buese, who will remain as an advisor until May 3, 2023. Hodges brings over 20 years of financial leadership in the oil and gas sector, most recently serving as Senior Vice President at Leon Capital Group. Additionally, Matthew Rucker joined as Senior Vice President, Operations on March 1, 2023, with a strong background in operational leadership. CEO John Reinhart expressed confidence in Hodges' ability to enhance the company's strategic direction and long-term shareholder value.
Gulfport Energy Corporation (GPOR) reported strong financial results for Q4 and full year 2022, with net production averaging 1,051.6 MMcfe per day and net income of $748.6 million. The company generated $188.0 million in net cash from operations and increased its stock repurchase program from $300 million to $400 million. For 2023, Gulfport expects production between 1,000 and 1,040 MMcfe per day and plans capital expenditures of $450 million. The company also reported a 4% increase in proved reserves to 4.0 Tcfe, with discounted future cash flows of $8.3 billion. Key operating costs are anticipated to decrease by 7% compared to 2022.
Gulfport Energy Corporation (NYSE: GPOR) will host a teleconference and webcast on