Gulfport Energy (GPOR) Tops Q4 EPS by 679c; offers outlook

Gulfport Energy (NYSE: GPOR) reported Q4 EPS of $11.13, $6.79 better than the analyst estimate of $4.34. Revenue for the quarter came in at $489.11 million versus the consensus estimate of $308.48 million.

OUTLOOK Full Year 2024

Expect to deliver relatively flat year-over-year net production with a range of 1,045 MMcfe to 1,080 MMcfe per day

Plan to invest total base capital expenditures of $380 million to $420 million, including $50 million to $60 million on maintenance leasehold and land investment, a decrease of approximately 10%(3) compared to full year 2023 and focused on more liquids-rich development in the Utica and SCOOP

Forecast delivering a significantly more capital efficient program associated with longer laterals and continued cycle time improvements; plan to deliver similar net completed lateral footage compared to 2023 while turning to sales 20% fewer gross wells

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

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