Gulfport Energy’s 2Q report coming in August

Gulfport 2Q: New Board, New Leadership, “Lumpy” Production | Marcellus  Drilling News


After a strong first quarter, Oklahoma City’s Gulfport Energy Corporation prepares to release its second quarter earnings report in less than two weeks.

The company plans the release after the close of markets on Tuesday, Aug. 2 followed by a teleconference and webcast the next day, Wednesday, Aug. 3.

Leadership will be on hand to discuss the results during the 8 a.m. central time event.

In May when the company released its first quarter earnings report, Gulfport recorded $492 million of net loss and $235.3 million of adjusted EBITDA. It also had generated $253.7 million of net cash provided by operating activities along with $116.8 million of free cash flow.

Gulfport continued its first-quarter effort to repurchase shares of common stock and reported a buyback of 748,000 shares as of early May. It also expanded its repurchase program from $100 million to $200 million.