Gulfport Energy Corporation, the Oklahoma City-based firm with activing drilling in the Utica and Marcellus natural gas plays, plans a release of its second quarter earnings report.
The financial and operating results will be released after the market closes on Tuesday, August 5. Company leaders will hold a conference call the next morning at 8 o’clock central time, Wednesday August 6.
The conference call can be heard live through a link on the Gulfport website, www.gulfportenergy.com.
In the first quarter, Gulfport was set to take advantage of improving prices and demand for natural gas across the U.S.
“As planned, we anticipate a significant increase in production over the coming quarters, currently forecasting our average daily natural gas production to increase approximately 20% by fourth quarter 2025 when compared to first quarter 2025 levels,” said John reinhart, President and CEO at the time of the release in May.
“We remain committed to developing our assets in a responsible manner and given the current commodity price dynamic, we plan to strategically shift a portion of our drilling activity in late 2025 toward dry gas Utica development to maximize returns and position the Company favorably for an improving natural gas environment. We are reaffirming our full year guidance and these adjustments highlight the optionality within our asset base as well as the Company’s flexibility to be dynamically responsive to current market conditions to maximize shareholder value.”
The company reported first quarter total net production of 929.3 MMcfe a day and produced total net liquids of 5.2 MBbl per day, an increase of 14% over the first quarter of 2024.