Gulfport EnergyNYSE: GPOR

Gulfport (GPOR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

OKLAHOMA CITY--(BUSINESS WIRE)--Gulfport Energy Corporation (NYSE: GPOR) (“Gulfport” or the “Company”) announced today the final results and expiration of the previously announced cash tender offer (the “Tender Offer”) by Gulfport Energy Operating Corporation (“Gulfport Operating”), a wholly owned subsidiary of Gulfport, to purchase any and all of the outstanding 8.0% Senior Notes due 2026 (the “Notes”) of Gulfport Operating. As of 5:00 p.m., New York City time, today, the expiration time for t.

Gulfport is refinancing its notes, pushing out its next note maturity until 2029. This also saves Gulfport approximately $6 million per year in interest costs. Gulfport is projected to generate $173 million in 2H 2024 free cash flow.

Gulfport Energy (GPOR) came out with quarterly earnings of $2.91 per share, beating the Zacks Consensus Estimate of $2.88 per share. This compares to earnings of $1.85 per share a year ago.

Gulfport (GPOR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Gulfport Energy is a $2.7 billion market cap natural gas producer operating in the Anadarko formation of Oklahoma and the developing Utica formation of Appalachia in Ohio. The company operates on 73,000 acres in Oklahoma and 193,000 net acres in eastern Ohio, with most of its production and reserves being natural gas. The company does not pay a dividend but does have a share repurchase program. SilverPoint Capital owns 29% of its equity.

Gulfport Energy reported quarterly earnings of $3.31 per share, falling short of the Zacks Consensus Estimate of $4.32 per share. This is compared to earnings of $2.58 per share in the same period last year.

The headline numbers for Gulfport (GPOR) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Gulfport (GPOR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.