Gulfport Energy Corp. today reported financial and operational results for the three-months and six-months ended June 30, 2019 and provided an update on its 2019 activities. Key information includes the following: Net production averaged 1,359.0 MMcfe per day during the second quarter of 2019. Net income of $235.0 million, or $1.47 per diluted share, for the second quarter of 2019. Adjusted net income of $33.3 million, or [...]
Gulfport Energy Corp. today provided an update for the three-months and six-months ended June 30, 2019. Key information includes the following: Net production during the second quarter of 2019 averaged 1,359.0 MMcfe per day, an 8% increase over the first quarter of 2019. Realized natural gas price for the second quarter of 2019, before the impact of derivatives and including transportation costs, averaged $2.02 per Mcf, a [...]
Gulfport Energy Corp. announced today that Patrick K. Craine has joined the Company as General Counsel and Corporate Secretary reporting to David M. Wood, President and Chief Executive Officer. Mr. Craine has over 20 years of extensive senior-level experience handling a broad range of securities, corporate, regulatory, governance, compliance and litigation matters, with particular expertise in the energy industry. He [...]
Gulfport Energy Corp. today reported financial and operational results for the three-months ended March 31, 2019 and provided an update on its 2019 activities. Key information includes the following: Net production averaged 1,263.6 MMcfe per day during the first quarter of 2019. Net income of $62.2 million, or $0.38 per diluted share, for the first quarter of 2019. Adjusted net income of $53.2 million, or $0.33 per [...]
Gulfport Energy Corp. today provided an update for the quarter ended March 31, 2019. Key information includes the following: Net production during the first quarter of 2019 averaged 1,263.6 MMcfe per day. Realized natural gas price for the first quarter of 2019, before the impact of derivatives and including transportation costs, averaged $2.70 per Mcf, a $0.46 per Mcf differential to the average trade month NYMEX settled [...]
Firefly Value Partners, LP , which manages funds that, together with affiliates, collectively beneficially own 8.1% of the outstanding common stock of Gulfport Energy , today issued a public letter to the Gulfport Board of Directors . The full text of the letter is below. March 6, 2019 Board of Directors Gulfport Energy Corp. 3001 Quail Springs Parkway Oklahoma City, OK 73134 Dear Members of the Board, Firefly Value [...]
Gulfport Energy Corp. today reported financial and operational results for the quarter and year ended December 31, 2018 and provided an update on its 2019 activities. Key information includes the following: Year end 2018 total proved reserves totaled 4.7 Tcfe. SEC PV-10 value grew to $3.4 billion at year end 2018, as compared to $2.9 billion at year end 2017, an increase of 18% year-over-year. Net production during 2018 [...]
Gulfport Energy Corp. today scheduled its fourth quarter and full year 2018 financial and operational results conference call. Gulfport will hold a conference call on Thursday, February 28, 2019 at 8:00 a.m. CST to discuss its fourth quarter and full year of 2018 financial and operational results and to provide an update on the Company’s recent activities. Gulfport's fourth quarter and full year of 2018 earnings are [...]
Gulfport Energy Corp. today announced its 2019 capital budget, its 2019 operational outlook and that its board of directors has approved a new stock repurchase program to acquire up to $400 million of its outstanding common stock within the next 24 months. This authorization follows closely behind the completion of the 2018 previously announced and expanded $200 million share repurchase program, which concluded in the [...]
Gulfport Energy Corp. today provided an update for the quarter and year ended December 31, 2018. Key information includes the following: Completed previously announced and expanded stock repurchase program of $200 million during 2018, including deploying $90 million during the fourth quarter of 2018, acquiring 20.7 million shares and reducing shares outstanding by over 10% in 2018. Net production for the full year of 2018 [...]
Gulfport Energy Corp. today issued the following comments from the Company’s President, Chief Executive Officer and Board member, David M. Wood: “I have received Firefly’s letter this morning, which followed dialogue we have had since my appointment to Gulfport last month regarding our mutual interest in enhancing and delivering value to all Gulfport shareholders.” Mr. Wood continued [...]
Firefly Value Partners, LP , which manages funds that, together with affiliates, collectively beneficially own 8.1% of the outstanding common stock of Gulfport Energy , today issued a public letter to the Gulfport Board of Directors . In the letter, Firefly highlights Gulfport’s lack of urgency in addressing persistent stock price underperformance; failure to commit to steps that could maximize stockholder value [...]
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