Gulfport Energy (GPOR) Q2 2026 earnings summary

Executive summary

• Achieved strong production growth with Q2 2026 net production at 962.8 MMcfe/day and full-year 2026 guidance of 1.030–1.055 Bcfe/day, up ~5% year-over-year.

• Generated $87.1 million in net income and $179.1 million in adjusted EBITDA for Q2 2026, with $149.9 million in operating cash flow.

• Expanded core Utica position with 4,700 net undeveloped acres and initiated a $140 million discretionary acreage acquisition program for 2026.

• Delivered top-decile adjusted free cash flow yield among natural gas peers and returned $243 million to shareholders in 1H2026.

• CEO transition in May 2026, with Domenic J. Dell'Osso, Jr. appointed President, CEO, and Director; CFO Michael Hodges resigning effective August 2026.

Financial highlights

• Q2 2026 revenues were $323.2 million, with six-month 2026 revenues totaling $760.8 million and net income of $252.9 million.

• Adjusted EBITDA for 2Q2026 was $179.1 million; 1H2026 reached $443.3 million.

• Operating cash flow for the first half of 2026 was $442.8 million.

• Repurchased 1,258,501 shares for $242.8 million in H1 2026; liquidity at June 30, 2026, was $772.4 million.

• No significant cash income taxes expected over the next five years.

Outlook and guidance

• Full-year 2026 net production guidance: 1.030–1.055 Bcfe/day; liquids production: 18.0–21.0 MBbls/day.

• Total capital expenditures for 2026 expected at $430 million, including $395 million for operated D&C and $35 million for maintenance land/seismic.

• $140 million discretionary leasehold budget for 2026, with most inventory expansion efforts culminating this year.

• Adjusted free cash flow generation projected to increase >15% year-over-year in 2026.

• Management expects sufficient liquidity to fund operations, capital expenditures, and share repurchases for the foreseeable future.