Gulfport Energy ( (GPOR) ) has shared an announcement.
Gulfport Energy reported its financial and operational results for the fourth quarter and full year of 2024, highlighting a net production of 1.06 Bcfe per day and a 13% increase in net liquids production compared to the previous year. Looking ahead to 2025, the company plans to increase its net daily liquids production by over 30% and maintain flat year-over-year net daily equivalent production, while reducing drilling and completion capital costs by 20%. Gulfport aims to allocate most of its adjusted free cash flow towards common share repurchases, reflecting its strategy to enhance shareholder value and capitalize on an improving natural gas environment.
More about Gulfport Energy
Gulfport Energy Corporation is an energy company primarily focused on the exploration and production of natural gas and oil, with significant operations in the Utica Shale and SCOOP (South Central Oklahoma Oil Province) regions. The company is committed to optimizing its development programs and improving capital efficiencies to enhance its market position.
YTD Price Performance: -0.87%
Average Trading Volume: 260,158
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $3.23B
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