Gulfport Energy (NASDAQ: GPOR) reported Q2 EPS of $0.33, $0.01 better than the analyst estimate of $0.32.

• Net production averaged 1,330.3 MMcfe per day during the second quarter of 2018.
• Net income of $111.3 million, or $0.64 per diluted share, for the second quarter of 2018.
• Adjusted net income (as defined and reconciled below) of $57.0 million, or $0.33 per diluted share, for the second quarter of 2018.
• Adjusted EBITDA (as defined and reconciled below) of $213.6 million for the second quarter of 2018.
• Repurchased 10.5 million shares of the Company's common stock at a weighted-average share price of $10.47 during 2018 through August 1, 2018.
• Reiterated 2018 total capital expenditures to be in the range of $750 million to $815 million and funded within cash flow.
• Increased estimated 2018 full year net production and now forecast an average of 1,320 MMcfe to 1,340 MMcfe per day, an increase of approximately 21% to 23% over the average daily net production of 1,089.2 MMcfe per day during 2017.
• Currently estimate net production for the third quarter of 2018 to average approximately 1,360 MMcfe per day.
• Large 2018 hedge position of approximately 948 BBtu per day of natural gas fixed price swaps at an average fixed price of $3.05 per MMBtu.
• Increased 2019 hedge position to approximately 1,154 BBtu per day of natural gas fixed price swaps at an average fixed price of $2.81 per MMBtu.

For earnings history and earnings-related data on Gulfport Energy (GPOR) click here.