GPOR

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ChuckGeb
Posts: 974
Joined: Thu Nov 21, 2013 2:46 pm

GPOR

Post by ChuckGeb »

OKLAHOMA CITY--(BUSINESS WIRE)-- Gulfport Energy Corporation (NYSE: GPOR) (“Gulfport” or the “Company”) today reported financial and operational results for the three months ended March 31, 2024 and provided an update on its 2024 development plan and financial position.

First Quarter 2024 and Recent Highlights

Delivered total net production of 1,053.7 MMcfe per day, in line with analyst consensus expectations
Reported $52.0 million of net income and $185.7 million of adjusted EBITDA(1), above analyst consensus expectations
Generated $188.0 million of net cash provided by operating activities and $38.8 million of adjusted free cash flow(1), above analyst consensus expectations
Incurred capital expenditures of $124.4 million, below analyst consensus expectations
Reduced total debt outstanding by $31.0 million as compared to December 31, 2023 and had $87.0 million of outstanding borrowings under the revolving credit facility with liquidity totaling $757.4 million as of March 31, 2024
Repurchased approximately 210 thousand shares for approximately $29.5 million during the first quarter of 2024
Repurchased approximately 4.6 million(2) shares of common stock at a weighted average price of $93.77 per share, totaling approximately $429.1 million, since the inception of the repurchase program in March 2022
Fraser921
Posts: 3061
Joined: Mon Mar 22, 2021 11:48 am

Re: GPOR

Post by Fraser921 »

Gpor made cash
CHk made cash

What will CRK do?
ChuckGeb
Posts: 974
Joined: Thu Nov 21, 2013 2:46 pm

Re: GPOR

Post by ChuckGeb »

CRK will obviously burn cash. Hopefully their box of chocolates in the western Haynesville didn’t melt.
ChuckGeb
Posts: 974
Joined: Thu Nov 21, 2013 2:46 pm

Re: GPOR

Post by ChuckGeb »

GPOR expects free cash flow over the next 5 years to equal or exceed 65 to 120% of current market cap. Virtually all of free cash flow is committed to stock buybacks. Some free cash flow used for opportune acreage acquisitions in their development path. A very well capitalized and managed company in a challenging environment.

Jerry should consider the potential acquisition of its management team combined with CRK’s acreage might be a stellar move. CRK may be dug in too deep though with drilling commitments to hold acreage which is yet to be revealed as commercially productive in a volatile gas market.
Fraser921
Posts: 3061
Joined: Mon Mar 22, 2021 11:48 am

Re: GPOR

Post by Fraser921 »

GPOR & CHK both have better cash flow than CRK and better hedges and both are down 4 %

Crappy CRK is only down 2.8 % pre earnings. If we get 4 % down on this one , you are at 9.40.

I bet they pissed away the 100 m they got from JJ in Q1. The loss per share is helped by more shares outstanding :lol:
Fraser921
Posts: 3061
Joined: Mon Mar 22, 2021 11:48 am

Re: GPOR

Post by Fraser921 »

Crk fcf Negative- 143m. Pissed away jj cash of 100 in q1

Wrote new hedges and underwater on them
Watch Ng take off now…added more land, can’t get enough.
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