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.