Gulfport hopes to rebound from inflationary impact in 3Q

Gulfport Energy Corp Headquarters Office Building | Flintco


Third quarter financial results by Oklahoma City’s Gulfport Energy Corporation will be released Nov. 1, according to an announcement by the company.

Results will be made known after the market closes on Tuesday, Nov. 1 followed by a teleconference and webcast on Wed., Nov. 2 at 8:30 a.m. Central time.


The conference call can be heard live through a link on the Gulfport website,

Gulfport, a company with a focus of oil and gas exploration in the SCOOP and STACK plays in Oklahoma and the Utica formation of Eastern Ohio, is coming off a second quarter where it expanded its stock repurchase program from $200 million to $300 million.

Reported net income in the second quarter was nearly $257 million while adjusted EBITDA was $204.5 million. Gulfport also increased its borrowing base to $1 billion from $850 million.

Tim Cutt, CEO of Gulfport, said at the time the inflationary effects impacting the industry led Gulfport to increase its capital outlook for the year.