Gulfport Energy (GPOR) Reports Q3 Loss of $22.50/sh

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Go back to Gulfport Energy (GPOR) Reports Q3 Loss of $22.50/sh

Gulfport Energy Reports Third Quarter 2021 Financial and Operating Results and Announces Updated Guidance and Stock Repurchase Program

November 2, 2021 4:05 PM EDT

OKLAHOMA CITY--(BUSINESS WIRE)-- Gulfport Energy Corporation (NYSE: GPOR) (Gulfport or the Company) today reported financial and operating results for the three months and nine months ended September 30, 2021 and provided an updated 2021 development plan and financial guidance.

Highlights(1)

Amended credit facility increasing liquidity by more than $160 million Authorized stock repurchase program to acquire up to $100 million of outstanding common stock(2) Completed six-well Angelo pad in the Utica during the third quarter and subsequently brought online at a combined gross production rate of 250 MMcfe per... More