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.
Gulfport Energy Corporation (NASDAQ: GPOR) has announced its conference call to discuss the financial and operational results for the second quarter of 2020. The call is scheduled for August 5, 2020, at 9:00 a.m. Central Time, following the earnings release after market close on August 4, 2020. Interested parties can join the call via Gulfport’s website or by phone. Gulfport is recognized as one of the largest natural gas producers in the contiguous U.S., with significant operations in the Utica Shale and SCOOP plays, along with various non-core assets.
Gulfport Energy Corporation (NASDAQ: GPOR) announced that its 2020 Annual Meeting of Stockholders will take place virtually on July 16, 2020, due to the COVID-19 pandemic. Only stockholders as of June 16, 2020, can participate, requiring pre-registration by July 15, 2020. The change to a virtual-only format was notified to the U.S. Securities and Exchange Commission. Gulfport is a leading natural gas and oil company, primarily in North America, with substantial holdings in the Utica Shale and Oklahoma's SCOOP plays.
Gulfport Energy Corporation (GPOR) reported Q1 2020 results with a net loss of $517.5 million, or $3.24 per diluted share. Despite this, the company reduced long-term debt by $79.6 million and improved drilling efficiencies by 11% in the Utica Shale and 32% in the SCOOP. Adjusted net income was $16.6 million, with operating cash flow reaching $86.7 million. Gulfport's borrowing base was redetermined at $700 million, providing sufficient liquidity for its capital plan. The firm plans to generate positive free cash flow in the latter half of 2020, though it anticipates potential production impacts due to low oil prices and COVID-19.
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