Gulfport EnergyNYSE: GPOR

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.

Gulfport Energy increased its 2023 production guidance while trimming its capex budget. It may be able to grow production in the low single digits with around $450 million in capex per year. This could allow it to generate $450 million to $500 million in unhedged free cash flow in 2025 at long-term $3.75 NYMEX gas.

Gulfport Energy competes with other Anadarko/Oklahoma and Utica producers as well as Marcellus companies. Appalachian natural gas faces disadvantages in competing with other prolific basins in the US. GPOR has a low beta, strong governance ranking, and interesting Utica play optionality.

Gulfport Energy Corporation (NYSE:GPOR ) Q3 2023 Earnings Conference Call November 1, 2023 9:00 AM ET Company Participants Jessica Antle - Director-Investor Relations John Reinhart - President and Chief Executive Officer Michael Hodges - Executive Vice President and Chief Financial Officer Matt Rucker - Senior Vice President of Operations Conference Call Participants Bertrand Donnes - Truist Securities Timothy Rezvan - KeyBanc Capital Douglas Leggate - Bank of America Chris Baker - Evercore ISI Operator Greetings and welcome to the Gulfport Energy Corporation's Third Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Although the revenue and EPS for Gulfport (GPOR) give a sense of how its business performed in the quarter ended September 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Gulfport Energy (GPOR) came out with a quarterly loss of $1.30 per share versus the Zacks Consensus Estimate of $2.42. This compares to earnings of $3.69 per share a year ago.

If you are looking for stocks that are well positioned to maintain their recent uptrend, Gulfport (GPOR) could be a great choice. It is one of the several stocks that passed through our "Recent Price Strength" screen.