Gulfport Energy reports Q1 adjusted EBITDA $218.3M

Reports Q1 production 929.3K MCFE/D vs. 1.05M y/y. John Reinhart, CEO, commented, “Gulfport is off to an active start in 2025, delivering first quarter results ahead of Company expectations while remaining on track to execute on our previously provided full year guidance. Our ability to generate adjusted free cash flow during a front-loaded capital program highlights the strength of our asset base and the operations team’s high-level of efficiency and execution. As planned, we anticipate a significant increase in production over the coming quarters, currently forecasting our average daily natural gas production to increase approximately 20% by fourth quarter 2025 when compared to first quarter 2025 levels. We remain committed to developing our assets in a responsible manner and given the current commodity price dynamic, we plan to strategically shift a portion of our drilling activity in late 2025 toward dry gas Utica development to maximize returns and position the Company favorably for an improving natural gas environment. We are reaffirming our full year guidance and these adjustments highlight the optionality within our asset base as well as the Company’s flexibility to be dynamically responsive to current market conditions to maximize shareholder value. We continue to forecast robust adjusted free cash flow generation during 2025 and remain consistent in our adjusted free cash flow allocation framework with plans to return substantially all of our adjusted free cash flow, excluding discretionary acreage acquisitions, through common stock repurchases.”