Strong Start to 2025
Gulfport Energy started 2025 with results exceeding internal expectations, realizing a $0.45 per Mcfe premium to NYMEX Henry Hub on a natural gas price equivalent basis.
Significant Share Repurchase
The company repurchased $60 million of Gulfport common shares, reducing the share count by approximately 17% at a weighted average price 40% below the current share price.
Operational Improvements and Efficiencies
The company experienced a 28% improvement in footage drilled per day over full year 2024 and reduced spud to rig release days by over 30%.
Strong Financial Position
Net cash provided by operating activities totaled approximately $207 million, with adjusted EBITDA of $218 million and adjusted free cash flow of $36.6 million for the first quarter.
Positive Production Results
Brought online seven gross Utica wells in March with early production rates nearly double those of nearby wells.