--- title: "Gulfport Energy | 8-K: FY2026 Q2 Revenue: USD 296.57 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/294733967.md" datetime: "2026-08-03T20:22:53.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294733967.md) - [en](https://longbridge.com/en/news/294733967.md) - [zh-HK](https://longbridge.com/zh-HK/news/294733967.md) --- # Gulfport Energy | 8-K: FY2026 Q2 Revenue: USD 296.57 M Revenue: As of FY2026 Q2, the actual value is USD 296.57 M. #### Second Quarter 2026 Financial Highlights - Net Income: Gulfport Energy Corporation reported $87.1 million of net income for the second quarter of 2026. - Adjusted EBITDA (Non-GAAP): Adjusted EBITDA was $179.1 million. - Net Cash Provided by Operating Activities: The company generated $149.9 million of net cash from operating activities. - Adjusted Free Cash Flow (Non-GAAP): Adjusted free cash flow was $6.4 million. #### Capital Investment - **Second Quarter 2026**: - Total capital investment was $148.6 million on an incurred basis, comprising $141.7 million for operated drilling and completion activity and $6.9 million for maintenance land and seismic investment. - Additionally, $40.3 million was invested in discretionary acreage acquisitions and $0.6 million in non-operated drilling and completion activities. - **Six Months Ended June 30, 2026**: - Total capital investment was $270.4 million on an incurred basis, with $259.6 million related to operated drilling and completion activity and $10.8 million for maintenance land and seismic investment. - Discretionary acreage acquisitions totaled $79.7 million, and $0.7 million was incurred for non-operated drilling and completion activities. #### Common Stock Repurchase Program - **Second Quarter 2026**: Gulfport Energy Corporation repurchased approximately 392.2 thousand shares of common stock for approximately $70.0 million. - **Six Months Ended June 30, 2026**: Approximately 1.3 million shares of common stock were repurchased for approximately $242.8 million. - **Program-to-Date (since March 2022)**: The company repurchased approximately 8.6 million shares for a total of approximately $1.2 billion, with $336.8 million remaining capacity under the program as of June 30, 2026. #### Financial Position and Liquidity (as of June 30, 2026) - Cash and Cash Equivalents: $1.1 million. - Borrowings Under Revolving Credit Facility: $280.0 million. - Letters of Credit Outstanding: $48.7 million. - Outstanding 2029 Senior Notes: $650.0 million. - Total Liquidity: Approximately $772.4 million, consisting of cash and cash equivalents and approximately $771.3 million of available borrowing capacity under its credit facility. #### Production Volumes - **Net Daily Production (Q2 2026)**: Averaged 962.8 MMcfe per day, with 800.0 MMcfe per day from Utica/Marcellus and 162.8 MMcfe per day from SCOOP. - **Production Mix (Q2 2026)**: Approximately 91% natural gas, 6% natural gas liquids (NGL), and 3% oil and condensate. - **Comparative Production (Mcfe/day)**: - **Three Months Ended June 30, 2026**: - Natural gas (Mcf/day): 878,358 - Oil and condensate (Bbl/day): 4,203 - NGL (Bbl/day): 9,862 - Total (Mcfe/day): 962,753 - **Three Months Ended June 30, 2025**: - Natural gas (Mcf/day): 891,359 - Oil and condensate (Bbl/day): 7,843 - NGL (Bbl/day): 11,313 - Total (Mcfe/day): 1,006,299 #### Average Prices - **Natural Gas ($/Mcf)**: - Avg. price without derivatives: $2.48 (2026) vs $2.97 (2025) - Impact from settled derivatives: $0.52 (2026) vs $0.22 (2025) - Avg. price, including derivatives: $3.00 (2026) vs $3.19 (2025) - **Oil and condensate ($/Bbl)**: - Avg. price without derivatives: $85.86 (2026) vs $58.20 (2025) - Impact from settled derivatives: -$13.50 (2026) vs $3.38 (2025) - Avg. price, including derivatives: $72.36 (2026) vs $61.58 (2025) - **NGL ($/Bbl)**: - Avg. price without derivatives: $33.94 (2026) vs $27.91 (2025) - Impact from settled derivatives: -$0.64 (2026) vs -$0.26 (2025) - Avg. price, including derivatives: $33.30 (2026) vs $27.65 (2025) - **Total ($/Mcfe)**: - Avg. price without derivatives: $2.99 (2026) vs $3.40 (2025) - Impact from settled derivatives: $0.40 (2026) vs $0.21 (2025) - Avg. price, including derivatives: $3.39 (2026) vs $3.61 (2025) #### Selected Operating Metrics ($/Mcfe) - Lease operating expenses: $0.23 (2026) vs $0.19 (2025) - Taxes other than income: $0.08 (2026) vs $0.08 (2025) - Transportation, gathering, processing and compression expense: $0.97 (2026) vs $0.94 (2025) - Recurring cash general and administrative expenses (non-GAAP): $0.13 (2026) vs $0.13 (2025) - Interest expenses: $0.18 (2026) vs $0.15 (2025) #### Operational Update (Q2 2026 Drilling and Completion Activity) - **Utica & Marcellus (Gross/Net)**: - Spud: 7 gross / 6.7 net wells - Drilled: 10 gross / 9.8 net wells - Completed: 12 gross / 11.9 net wells - Turned-to-Sales: 8 gross / 7.9 net wells - **SCOOP (Gross/Net)**: - Completed: 2 gross / 1.6 net wells - Turned-to-Sales: 2 gross / 1.6 net wells #### Outlook / Guidance Gulfport Energy Corporation updated its full-year base capital expenditure guidance to approximately $430 million, including $35 million for maintenance land and seismic investments. The company announced a new discretionary acreage acquisition program targeting an additional $140 million during the remainder of 2026, which is expected to add approximately 40 net high-quality, low-breakeven locations and increase total Utica net inventory by over 20%, extending the development runway by more than 2.5 years. A meaningful increase in liquids production is anticipated during the second half of the year. ### Related Stocks - [GPOR.US](https://longbridge.com/en/quote/GPOR.US.md) ## Related News & Research - [Top Executive Makes Bold Insider Move at Gulfport Energy](https://longbridge.com/en/news/295483255.md) - [Gulfport Energy CEO Domenic J. 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