GPOR Earnings Prediction
The chart below shows how GPOR performed 10 days before and after its earnings report, based on data from the past quarters. Typically, GPOR sees a +0.63% change in stock price 10 days leading up to the earnings, and a +6.49% change 10 days following the report. On the earnings day itself, the stock moves by -0.16%. This data can give you a slight idea of what to expect for the next quarter's release.
GPOR Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
215.95M
-4.97%
13.82%
Gross Margin
50.04%
-8.95%
7.47%
Operating Margin
3.56%
-71.52%
-175.58%
Net Margin
-6.47%
-102.42%
-53.18%
EPS
-0.83
-103.03%
-45.03%
No Data Available
GPOR Earnings Analysis
Gulfport Energy Corporation Corporation (GPOR.N) Earnings Conference Call
Positive
Stock Repurchase Expansion: During the quarter, the company repurchased approximately $50 million of our common stock, expanded the company's common stock repurchase authorization by 54% to $1 billion.
Condensate Production Surge: The company increased high-margin condensate production by 68% quarter-over-quarter, and added to the company's high-quality inventory with approximately $20 million of discretionary acreage acquisitions.
Strong Financial Performance: The company delivered adjusted EBITDA of approximately $178 million during the quarter and generated adjusted free cash flow of approximately $73 million for the same period, both better than analyst expectations driven by our strong liquids production, gas realizations and operating cost performance.
Q3 Production Overview: Production for the third quarter averaged 1.06 billion cubic feet equivalent per day in line with analyst expectations and consistent with the first half of 2024 results, but included a meaningful 68% increase in high-margin oil volumes.
Operating Cash Flow Strength: The company reported net cash provided by operating activities before changes in working capital totaled approximately $160 million during the third quarter, more than funding our capital expenditures and common share repurchases, while maintaining our balance sheet strength.
Negative
Stock Repurchase Authorization Increase: The company repurchased approximately $50 million of its common stock, expanding the company's common stock repurchase authorization by 54% to $1 billion, lowering 2024 capital spend guidance midpoint by $15 million.
High-Margin Production Surge: Increased high-margin condensate production by 68% quarter-over-quarter, which may indicate a shift in focus away from lower-margin products.
Capital Guidance Reduction: The company is lowering its fullyear 2024 capital guidance by approximately 4% at the midpoint, now forecasting D&C capital to be in the range of $325 million to $335 million.
Drilling Activity Slowdown: The company completed drilling on five gross wells with one horizontal drilling rig, indicating a slowdown in drilling activity compared to previous quarters.
Adjusted EBITDA Performance: The company reported adjusted EBITDA of approximately $178 million during the quarter, which may not meet analyst expectations given the volatility in commodity prices.
GPOR FAQs
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GPOR Earning Call Sentiment
Gulfport Energy Corporation (GPOR) Q3 2024 Earnings Call Transcript
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00:00
00:00
GPOR.N
-3.2%Positive
The earnings call summary and Q&A section reveal a strong financial performance, operational efficiencies, and a robust shareholder return plan. The company has a solid liquidity position and a significant share repurchase program. The Q&A section highlights management's flexibility and strategic focus on high-margin liquids, which is positively received by analysts. Despite some unclear responses, the overall sentiment is positive. Given the market cap of approximately $2.8 billion, the stock is likely to experience a positive movement of 2% to 8% over the next two weeks.
