GPOR

As the Q2 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the mixed or offshore upstream e&p industry, including Gulfport Energy (NYSE:GPOR) and its peers. This category includes smaller or niche E&P companies operating in specialized basins, geographies, or resource types outside major classifications. These firms may target unconventional resources, frontier regions, or specific commodity niches. Tailwinds include potential for outsized returns from successful exploration, acquisition opportunities during industry downturns, and specialized expertise commanding premium valuations. Headwinds include higher operational and geological risks, limited scale reducing negotiating power and cost efficiencies, and constrained capital market access during challenging commodity environments. Regulatory risks and ESG concerns may disproportionately affect smaller operators with fewer resources for compliance. The 21 mixed or offshore upstream e&p stocks we track reported a very strong Q2. As a group, revenues beat analysts’ consensus estimates by 8%. Thankfully, share prices of the companies have been resilient as they are up 7.4% on average since the latest earnings results. With drilling operations focused on the Utica Shale in eastern Ohio and the SCOOP play in central Oklahoma, Gulfport Energy (NYSE:GPOR) drills for and produces natural gas from underground shale formations. Gulfport Energy reported revenues of $323.2 million, down 27.8% year on year. This print exceeded analysts’ expectations by 6.7%. Overall, it was a satisfactory quarter for the company with EPS in line with analysts’ estimates but a slight miss of analysts’ EBITDA estimates. Gulfport Energy delivered the slowest revenue growth among its peers. Interestingly, the stock is up 6.3% since reporting and currently trades at $174.24. Is now the time to buy Gulfport Energy? Access our full analysis of the earnings results here, it’s free. Operating without drilling rigs or field crews of its own, Granite Ridge Resources (NYSE:GRNT) owns interests in oil and natural gas wells across six major US shale basins. Granite Ridge Resources reported revenues of $149.3 million, up 36.7% year on year, outperforming analysts’ expectations by 5.7%. The business had an incredible quarter with a beat of analysts’ EPS and EBITDA estimates. The market seems happy with the results as the stock is up 7.1% since reporting. It currently trades at $4.99. Is now the time to buy Granite Ridge Resources? Access our full analysis of the earnings results here, it’s free. Beginning with a single wagon hauling coal in Illinois back when Grover Cleveland was president, Peabody Energy (NYSE:BTU) mines coal used by electricity generators and steel manufacturers. Peabody Energy reported revenues of $1.00 billion, up 12.7% year on year, in line with analysts’ expectations. It was a softer quarter as it posted a significant miss of analysts’ EPS estimates. Interestingly, the stock is up 17.1% since the results and currently trades at $27.22. Read our full analysis of Peabody Energy’s results here. Tracing its origins to 1864 and operating some mines southwest of Pittsburgh, Core Natural Resources (NYSE:CNR) mines and exports metallurgical coal used in steelmaking and thermal coal for power generation. Core Natural Resources reported revenues of $1.14 billion, up 3.5% year on year. This number topped analysts’ expectations by 1.7%. It was an exceptional quarter as it also put up a beat of analysts’ EPS estimates. The stock is up 17.2% since reporting and currently trades at $98.05. Read our full, actionable report on Core Natural Resources here, it’s free. Operating some of California's most productive oil fields including Elk Hills and Belridge, California Resources (NYSE:CRC) explores for and produces crude oil, natural gas, and natural gas liquids from fields across California. California Resources reported revenues of $1.09 billion, up 33.1% year on year. This result surpassed analysts’ expectations by 15%. Zooming out, it was a slower quarter as it logged a significant miss of analysts’ EPS estimates. The stock is flat since reporting and currently trades at $52.09. Read our full, actionable report on California Resources here, it’s free. Over the past year, investors have been forced to repeatedly answer the same question: what is the market’s biggest risk? The answer has changed several times, and each shift has reshaped market leadership. Late in 2025 and early 2026, artificial intelligence became the market’s primary uncertainty. Investors questioned whether AI would erode software pricing power and weaken competitive moats as AI made it easier to replicate once-differentiated products. By the spring, technology took a back seat to geopolitics. The U.S. conflict with Iran briefly became the market’s dominant narrative, raising concerns about oil prices, inflation, and global growth. But as energy markets remained orderly and fears of a prolonged supply disruption faded, investors quickly turned their focus back to fundamentals. Want to invest in winners with rock-solid fundamentals? Check out our Top 5 Quality Compounder Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.

Gulfport Energy’s second quarter was marked by a steep year-on-year revenue decline and a significant drop in oil production, which contributed to a negative market reaction. Management attributed the underperformance to lower commodity prices and operational mix, while highlighting ongoing success in expanding drilling inventory and executing cost-saving initiatives. Newly appointed CEO Domenic Dell’Osso acknowledged the company’s challenges, stating, “Like most companies, Gulfport is far from perfect today,” but emphasized the company’s deep inventory and continued operational improvements as bright spots in an otherwise difficult quarter. Is now the time to buy GPOR? Find out in our full research report (it’s free). Revenue: $323.2 million vs analyst estimates of $302.8 million (27.8% year-on-year decline, 6.7% beat) Adjusted EPS: $3.92 vs analyst estimates of $3.91 (in line) Adjusted EBITDA: $179.1 million vs analyst estimates of $181.7 million (55.4% margin, 1.4% miss) Operating Margin: 39.3%, down from 56% in the same quarter last year Oil production: down -46.4% year on year Market Capitalization: $2.88 billion While we enjoy listening to the management’s commentary, our favorite part of earnings calls is the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Neal Dingmann (William Blair) asked about inventory quality and duration. CEO Domenic Dell’Osso responded that Gulfport’s inventory is “best-in-class” with around 15 years of drilling, emphasizing the company’s focus on quality over simply increasing scale. Carlos Escalante (Wolfe Research) questioned the timing and scale of capital allocation toward inventory expansion. Dell’Osso explained this year’s large land spend is unlikely to repeat in 2027, freeing cash for other uses. Timothy Rezvan (KeyBanc Capital Markets) inquired about operational efficiency and the potential for a more consistent drilling schedule. Dell’Osso stated that achieving continuous operations is a goal, but will require careful planning and may take time to implement fully. Peyton Dorne (UBS) asked about Marcellus well performance and cost trends. COO Matthew Rucker highlighted 25% lower drilling and completion costs per foot and strong early well results. Gabe Daoud (Truist Securities) sought clarification on the company’s approach to buybacks and potential M&A. Dell’Osso indicated that capital allocation will remain flexible, with an active share repurchase program alongside balance sheet management. In the coming quarters, our analysts will be watching (1) the pace and impact of new drilling and completion efficiency initiatives, (2) the execution and returns from recently acquired acreage and discretionary land purchases, and (3) any signs of accelerating in-basin demand for natural gas, particularly from data center and AI-related projects. Shifts in capital allocation between buybacks, debt reduction, and operational spending will also be key milestones. Gulfport Energy currently trades at $162.85, in line with $163.84 just before the earnings. Is the company at an inflection point that warrants a buy or sell? Find out in our full research report (it’s free for active Edge members). WHILE YOU’RE HERE: Top 9 Market-Beating Stocks. The best stocks don’t just beat the market once. They do it again. And again. Robust revenue growth, rising free cash flow, returns on capital that leave their competition in the dust. The market has already rewarded these businesses. But our AI platform says the party isn’t over. Find out which 9 stocks made the cut this week — FREE. Get Our Top 9 Market-Beating Stocks for Free HERE. Stocks that have made our list include now familiar names such as Nvidia (+1,460% between June 2020 and June 2025) as well as under-the-radar businesses like the once-small-cap company Comfort Systems (+1,154% between June 2020 and June 2025). Find your next big winner with StockStory today.

Get insights on thousands of stocks from the global community of over 7 million individual investors at Simply Wall St. Gulfport Energy (GPOR) is back in focus after second quarter 2026 earnings showed revenue of US$323.23 million and net income of US$87.1 million, alongside lower production metrics and an upcoming CFO transition. Investors also received updated full year production guidance plus a progress update on share repurchases. These developments provide several fresh data points to reassess the stock and Gulfport Energy’s current operating profile. See our latest analysis for Gulfport Energy. The earnings release and CFO resignation arrived after a mixed stretch for Gulfport Energy’s stock, with a 10.46% 1 month share price return but a year to date share price decline of 18.5%. Over a longer horizon, the 5 year total shareholder return of 158.44% and 3 year total shareholder return of 48.55% show a very different picture to the recent pullback. At the same time, the 1 year total shareholder return of 0.96% suggests momentum has cooled more recently. If this kind of earnings driven move has you thinking about where else capital could work, it might be worth scanning 89 nuclear energy infrastructure stocks For Gulfport Energy, the recent rebound sits against a weaker year to date chart and solid multi year returns. Has most of the rerating already played out, or do current earnings and cash flows still leave clear upside? The most followed narrative currently values Gulfport Energy at $231.08 per share compared with the last close of $168.01. That gap rests on a detailed view of future cash flows and earnings power using a 7.11% discount rate. Read the complete narrative. Curious what earnings profile and margin path support that higher fair value for Gulfport Energy. The narrative leans on specific growth, profitability and share count assumptions that materially reshape future per share metrics. Result: Fair Value of $231.08 (UNDERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, Gulfport Energy’s narrative still faces pressure from basin concentration in Utica and SCOOP, as well as sensitivity to natural gas pricing and future regulatory shifts. Find out about the key risks to this Gulfport Energy narrative. With mixed signals around Gulfport Energy’s earnings, balance sheet moves and basin exposure, it makes sense to check the data yourself and move quickly while the information is fresh. You can weigh up both the concerns and the potential upside by reviewing the 4 key rewards and 1 important warning sign. Do not stop with Gulfport Energy. Use this momentum to refresh your watchlist and uncover other opportunities before the next round of earnings resets the field. Target companies that combine quality with attractive pricing by checking the 51 high quality undervalued stocks. Prioritise resilience and steadier profiles by reviewing the 83 resilient stocks with low risk scores. Spot underfollowed opportunities with solid fundamentals through the screener containing 21 high quality undiscovered gems. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include GPOR. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

Interested in Gulfport Energy Corporation? Here are five stocks we like better. Gulfport expects accelerating production in the second half of 2026, with liquids volumes projected to exceed first-half levels by more than 50%, while prioritizing operating efficiency and consistent drilling execution. The company expanded its Appalachia inventory through leasing and development, including a $140 million 2026 land-purchase budget expected to increase its net location count by about 20%. Gulfport plans to maintain conservative leverage, use hedges and continue share repurchases. Gulfport is positioning itself to benefit from rising regional natural-gas demand, including data-center growth, while selectively managing transportation capacity and evaluating future acquisitions and investment in its SCOOP assets. Gulfport Energy (NYSE:GPOR) outlined plans to emphasize operating efficiency, inventory expansion, disciplined capital allocation and downstream market access as President and CEO Nick Dell’Osso led his first earnings call in the role following the company’s second-quarter 2026 results. Dell’Osso said Gulfport enters the second half with accelerating production following its first-half capital program, including liquids volumes expected to be more than 50% higher than first-half 2026 levels. He said the company’s asset base, balance sheet, cost structure and exposure to areas of growing natural-gas demand provide a foundation for long-term shareholder value creation. → SpaceX’s First Earnings Report Could Decide Whether Shorts or Bulls Have Control “Delivering better and more consistent results for shareholders will be our number one priority,” Dell’Osso said. Gulfport said it has expanded its drilling inventory through leasing, delineation work and development of its Ohio Marcellus opportunities. Dell’Osso pointed to the company’s success in a state land auction and its announced $140 million 2026 budget for discretionary land purchases as key parts of that effort. → 3 Drone Stocks That Should Soar After the Summer Slump According to Dell’Osso, the state-land auction and planned discretionary leasing are expected to increase Gulfport’s net Appalachia location count by about 20%. He said the company has roughly 15 years of drilling inventory and cited an Enverus analysis showing Gulfport has one of the stronger weighted-average inventory breakevens among gas-focused companies. The CEO said the company will remain selective on acreage purchases, prioritizing value rather than pursuing scale for its own sake. In response to analyst questions, Dell’Osso said Gulfport has a clear view of the opportunities included in its $140 million leasing budget and expects much of the multiyear leasing effort to come to fruition during 2026. → Why Rare Earth Processing Could Be the Real 2027 Opportunity He added that leasing activity should continue beyond this year but likely will not reach the same scale in 2027. That could free up cash flow for other priorities, including share repurchases and debt reduction. “We will define the terms of competition around creating the highest financial returns and advancing our strategic goals,” Dell’Osso said, listing operational improvements, inventory depth, lower breakevens, market access, financial strength and shareholder returns among those goals. Dell’Osso said the company intends to maintain a conservative mid-cycle leverage ratio and use hedges to protect capital committed to its drilling program. He said Gulfport will remain active in its share-repurchase program during the second half of 2026, although he did not provide quarterly repurchase guidance. A central theme of Dell’Osso’s comments was improving the consistency of Gulfport’s drilling and completion operations. He said some individual wells have performed at a level comparable with the industry’s best execution, but the company sees room to improve planning, data quality and processes across its operations. Dell’Osso said he would like Gulfport to eventually operate a more consistent capital program rather than one that is heavily weighted toward the front part of the year. He said a steadier operating cadence could help lower well costs and improve execution, though he cautioned that the company may not fully achieve that objective in 2027. “Consistent, continuous operations will drive our ability to lower our well costs and execute better wells every time that we turn the drill bit,” Dell’Osso said. Matthew Rucker, Gulfport’s executive vice president and chief operating officer, discussed recent progress in the Marcellus. The company drilled four wells with average lateral lengths of 16,000 feet during the first quarter and completed the pad during the second quarter. Rucker said the completion work maintained drilling momentum, with more than 20 hours of pumping per day and stage placement meeting expectations. The wells were brought online near the end of the quarter and have completed flowback. Rucker said Gulfport initially choked the wells back during ramp-up and cleanup, but the pad has since been turned up to its full initial-production potential. He said gas and liquids rates have been better than anticipated and that the wells have remained relatively flat. On costs, Rucker said drilling and completion costs on a per-foot basis were about 25% lower than those of shorter Marcellus laterals drilled last year. He said the results have helped establish a development approach for lateral length and spacing across the remaining acreage. Dell’Osso said Gulfport sees potential benefits from growing in-basin natural-gas demand, including demand associated with AI data centers. He said the company already sells significant gas volumes in the basin and benefits from relatively attractive gathering, processing and transportation costs, as well as flexibility around sales destinations. While Dell’Osso said Gulfport may not be the first choice for the largest 15- to 20-year contracts pursued by larger companies, he said it is positioned to serve projects being developed near its operations. He said Gulfport aims to work with customers on delivery requirements and to ensure its gas can reach available markets. The company recently released 60,000 per day of firm transportation capacity, or roughly 10% of its takeaway capacity, according to an analyst’s question. Dell’Osso and Executive Vice President and CFO Michael Hodges characterized the move as an active management decision rather than a signal of a broader shift in strategy. Hodges said the company could reach a strong sales point without that transportation and saw an economic uplift from releasing it. On potential larger-scale acquisitions, Dell’Osso said Gulfport will evaluate opportunities only where assets can improve the company at an appropriate valuation. He said the company does not intend to pursue deals simply to become larger and will seek a strategic advantage before bidding on assets. Dell’Osso also said Gulfport’s SCOOP position remains strategically interesting. While the asset has received limited investment in recent years, he said production has remained relatively steady and the Mid-Continent could eventually provide valuable access to growing Gulf Coast demand. He said the company needs to do additional work to determine the appropriate investment and operating strategy for the asset. Dell’Osso closed the call by recognizing Hodges, who is leaving the company after choosing to spend more time with his family. Dell’Osso said Hodges leaves Gulfport in a position of financial strength and thanked him for his leadership during the transition. Gulfport Energy Corporation is an independent oil and gas exploration and production company based in Oklahoma City, Oklahoma. The company focuses on the development of onshore natural gas, natural gas liquids (NGLs) and crude oil properties in the United States. Gulfport utilizes horizontal drilling and multi-stage hydraulic fracturing techniques to maximize production and enhance recovery from its resource plays. The company's primary operations are concentrated in two major U.S. resource basins. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Gulfport Energy Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for August 2026.

This article first appeared on GuruFocus. Release Date: August 04, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Gulfport Energy Corp (NYSE:GPOR) has one of the best weighted average breakevens of inventory across the gas space, with approximately 15 years of high-quality drilling inventory. The company announced a $140 million budget for discretionary land purchases in 2026, which, combined with recent state land auction acreage, increases its net Appalachia location count by approximately 20%. Gulfport Energy Corp (NYSE:GPOR) is generating significant free cash flow and maintains a strong balance sheet with leverage around 1x, providing flexibility for capital allocation. The company's Marcellus development is showing strong results, with new pads delivering better-than-anticipated gas and liquids rates and D&C costs running about 25% lower on a dollar per foot basis. Gulfport Energy Corp (NYSE:GPOR) is well-positioned to capitalize on growing in-basin natural gas demand from AI data centers, with low GP&T costs and flexibility in sales points, as evidenced by tightening basis. The company's credit rating was recently upgraded, reflecting its financial strength and improving its competitive position. Gulfport Energy Corp (NYSE:GPOR) acknowledges it is 'far from perfect' and needs to improve operational and capital efficiency through tighter drilling and completion execution. The company's capital program is front-end loaded, leading to production troughs in the first quarter, and management notes it will take time to achieve a more consistent program. The $140 million discretionary leasehold budget is expected to be a peak, with management indicating that the volume of acquisition opportunities will likely not be as significant in 2027. Gulfport Energy Corp (NYSE:GPOR) faces challenges in securing long-term contracts for data center demand due to its smaller size, limiting its participation in this trend. The company's stock has been trading lower for a good part of the year, which, while presenting buyback opportunities, also reflects market concerns or undervaluation. Management notes that the Scoop asset has not seen significant investment over the last couple of years, requiring work to understand its potential value. Warning! GuruFocus has detected 5 Warning Sign with GPOR. Is GPOR fairly valued? Test your thesis with our free DCF calculator. Q: As the new CEO, how do you view Gulfport's current inventory duration and quality, and what might the market be missing? A: Nick Delosso (CEO) highlighted that Gulfport has approximately 15 years of drilling inventory with one of the best weighted-average breakevens in the gas space, as shown on Slide 8. He noted the depth is attractive and the quality is best-in-class. He believes the investor community may be missing the quality applied to the duration relative to peers, and while scale is nice, the company will remain judicious about adding it with a focus on value. Q: Can you frame your capital allocation framework into 2027, contrasting it against the recent inventory expansion campaign? A: Nick Delosso (CEO) explained that the $140 million discretionary land budget in 2026 is the culmination of a multi-year leasehold effort, and he does not expect the same volume of opportunities in 2027. This frees up free cash flow for other uses, including share buybacks and reducing leverage from its current ~1x level. He emphasized maintaining a conservative mid-cycle leverage ratio and flexibility for future opportunities. Q: Regarding the data center power trend in Appalachia, why is Gulfport taking a "late adopter" approach instead of participating head-on? A: Nick Delosso (CEO) clarified that Gulfport is not a late adopter but is positioning itself pragmatically. As a smaller-cap company, it won't be first for long-term data center contracts, but it sells a lot of gas in-basin with attractive transportation costs. He noted basis tightening as potential "green shoots" of demand. He stressed that being early with growth volumes ahead of demand could reduce prices, so it's better to let demand materialize first. Q: On Slide 8, the next five years of development show a significant portion of activity from ongoing acquisitions. Is this driven by HBP (held by production) concerns or drilling the best rock in-house? A: Matt Rucker (COO) clarified that the vast majority of acreage was already HBP, so the discretionary acreage program is not HBP-driven. The team has been acquiring highly economic, actionable, near-term acreage that competes at the far left of the cost curve and improves overall returns. Nick Delosso (CEO) added that the team bought high-quality acreage in the best areas, not fringe pasture, which greatly improves drill-bit returns. Q: You mentioned "execution efficiency" several times. Does this include changing the front-end loaded capital program that causes production to trough in Q1? A: Nick Delosso (CEO) confirmed he has views on this and would love to run a more consistent program in the basin. He acknowledged it will take work and planning across all disciplines, and while he can't give a timeline for 2027, he believes consistent, continuous operations will lower well costs and improve execution. He emphasized getting there the right way without forcing an answer that moves costs in the wrong direction. Q: On the Marcellus, can you touch on the completion side and how well costs are trending versus earlier drilling? A: Matt Rucker (COO) reported strong momentum on the new pad, with efficient fracking (over 20 hours pumping per day) and wells turned to sales at the end of Q2. Gas and liquids rates are better than anticipated, and D&C costs are running about 25% lower on a dollar-per-foot basis compared to shorter laterals last year. This validates the playbook for inter-lateral spacing and preferred lateral length for future development. Q: What opportunities are you seeing for improved market access, and is there a desire to get more gas to different sales points in-basin or out of Ohio? A: Nick Delosso (CEO) said it's about working with customers to solve their needs and getting gas where it needs to be. Given the company's credit rating (recently upgraded) and size, it won't be the first choice for 15-20 year contracts, but it is well-positioned to sell gas into projects in its backyard. The company aims to be flexible in delivery and capitalize on growing in-basin demand. Q: Can you provide updated thoughts on the buyback, both for this year and longer-term? A: Nick Delosso (CEO) stated there isn't much change in approach. The company will continue generating significant free cash flow and will weigh investments against share buybacks. With the large inventory spend this year, he expects less M&A volume in 2027, allowing for leverage reduction while remaining active on buybacks. He confirmed the company will be active in the second half of 2026, balancing buybacks with debt reduction. Q: What are your views on larger-scale M&A, and would you consider divesting the SCOOP to become a pure-play in Appalachia? A: Nick Delosso (CEO) said M&A only makes sense if it makes the company better, not just bigger. He emphasized being choosy and having a strategic advantage to win bids. On the SCOOP, he noted it's an interesting asset with steady production and a great geographic position for future Gulf Coast gas demand. He is intrigued by its potential value and plans to do more work to understand the right investment strategy, with "more to come." Q: Can you frame the free cash flow uplift from releasing $60,000 a day of firm transportation, and what's the opportunity to add or relinquish FT going forward? A: Nick Delosso (CEO) said this was a relatively small opportunity, but actively managing the FT portfolio is key to creating value. Michael Hodges (CFO) added that the decision was made on a net-back basis, as the company could reach a strong sales point without that FT. He noted the company likes its overall FT portfolio and will stay on top of active management, but this one decision shouldn't be extrapolated into a trend. Q: Can you frame the quality of the 40 locations added through the acreage acquisition program relative to the legacy inventory base? A: Nick Delosso (CEO) pointed to new slides in the deck highlighting the quality of recent purchases, noting they don't incorporate everything being bought this year. Matt Rucker (COO) added that the acquisitions are bolting on to the same general areas of activity, with high attractive rates of return, and the For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Management attributes the company's competitive positioning to a deep inventory of high-return drilling opportunities and a significantly improved cost structure over the last three years. The $140 million discretionary land budget for 2026 is a strategic pivot to capitalize on a multi-year effort to secure high-quality acreage in core development areas. Operational performance is being driven by a focus on data-driven planning to mitigate external risks and achieve 'best-in-class' execution across all drilling and completion activities. Strategic positioning is centered on the Appalachian Basin's growing demand for natural gas, specifically driven by regional power needs and AI data center development. The company is transitioning toward a capital allocation model that balances inventory depth, balance sheet strength, and consistent shareholder returns via buybacks. Recent inventory growth, including the State Lands Auction, has increased the net Appalachia location count by approximately 20%, focusing on actionable, near-term acreage. Production is expected to accelerate in the second half of 2026, with liquids volumes projected to be more than 50% higher than the first half of the year. Management intends to shift toward a more consistent, year-round operational program to drive down well costs and eliminate historical production troughs. The 2026 discretionary leasing program is expected to be a peak year for land acquisition, with 2027 likely seeing a lower volume of such transactions. Capital allocation in 2027 will prioritize reducing leverage toward a mid-cycle ratio of 1x or less while maintaining flexibility for opportunistic share repurchases. The company's marketing strategy assumes that in-basin demand will materialize over time, favoring a 'wait and see' approach rather than growing volumes ahead of demand. The company announced the departure of CFO Michael Hodges, who is stepping down to spend more time with his family after years of service. Gulfport received a credit rating upgrade, which management believes enhances its ability to compete for mid-to-long-term gas sales contracts. A $140 million discretionary land budget represents a significant one-time capital commitment to solidify long-term inventory duration. Management identified the SCOOP assets as a potential area for future optimization, noting their strategic geographic value despite recent underinvestment. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. Management highlighted that Gulfport possesses approximately 15 years of drilling inventory with some of the best weighted average breakevens in the gas space. The CEO emphasized that the company will remain judicious about adding scale, prioritizing value over simply increasing the size of the footprint. Drilling and completion costs for recent Marcellus pads are running approximately 25% lower on a dollar-per-foot basis compared to previous shorter laterals. The company is utilizing a new playbook for interlateral spacing and lateral length to maximize subsurface recoveries and improve project economics. Management stated that M&A must provide a strategic advantage or unique view on asset value rather than just increasing scale. The company is currently evaluating the SCOOP asset to understand the right investment strategy, citing its favorable geographic position for Gulf Coast demand. The decision to release 60,000 a day of FT was an economic move based on netback analysis and the ability to reach sales points without that specific capacity. Management clarified this was an act of 'active management' rather than a signal of a broader trend to relinquish transportation assets.

Gulfport Energy (GPOR) reported $323.23 million in revenue for the quarter ended June 2026, representing a year-over-year decline of 27.8%. EPS of $3.91 for the same period compares to $4.24 a year ago. The reported revenue represents a surprise of +8.42% over the Zacks Consensus Estimate of $298.12 million. With the consensus EPS estimate being $3.94, the EPS surprise was -0.76%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. Here is how Gulfport performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Production volume per day - Natural gas: 878,358.00 Mcf/D versus the five-analyst average estimate of 881,203.60 Mcf/D. Production volume per day - NGL: 9,862.00 BBL/D compared to the 11,253.54 BBL/D average estimate based on four analysts. Production volume per day - Oil and condensate: 4,203.00 BBL/D compared to the 4,328.76 BBL/D average estimate based on four analysts. Production volume per day - Gas equivalent (Total Production): 962,753.00 Mcfe/D versus 972,964.40 Mcfe/D estimated by three analysts on average. Average price, including settled derivatives - Natural gas: $3 per thousand cubic feet versus the two-analyst average estimate of $2.96 per thousand cubic feet. Average price without the impact of derivatives - Oil and condensate: 85.86 $/Bbl compared to the 87.53 $/Bbl average estimate based on two analysts. Average price without the impact of derivatives - Natural Gas: $2.48 per thousand cubic feet versus $2.52 per thousand cubic feet estimated by two analysts on average. Average price, including settled derivatives - NGL: 33.30 $/Bbl versus 37.63 $/Bbl estimated by two analysts on average. Average price, including settled derivatives - Oil and condensate: 72.36 $/Bbl versus the two-analyst average estimate of 71.22 $/Bbl. Revenues- Natural gas sales: $198.25 million versus the three-analyst average estimate of $226.89 million. The reported number represents a year-over-year change of -17.8%. Revenues- Oil and condensate sales: $32.84 million compared to the $31.61 million average estimate based on three analysts. The reported number represents a change of -21% year over year. Revenues- Natural gas liquid sales: $30.46 million compared to the $37.92 million average estimate based on three analysts. The reported number represents a change of +6% year over year. View all Key Company Metrics for Gulfport here>>> Shares of Gulfport have returned -4.4% over the past month versus the Zacks S&P 500 composite's +0.2% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Gulfport Energy Corporation (GPOR) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

OKLAHOMA CITY, August 03, 2026--(BUSINESS WIRE)--Gulfport Energy Corporation (NYSE: GPOR) ("Gulfport" or the "Company") today reported financial and operating results for the three months ended June 30, 2026. Second Quarter 2026 Reported $87.1 million of net income and $179.1 million of adjusted EBITDA(1) Generated $149.9 million of net cash provided by operating activities and $6.4 million of adjusted free cash flow(1) Produced approximately 962.8 MMcfe per day Incurred $148.6 million of capital expenditures, which includes $141.7 million of operated D&C capital expenditures and $6.9 million of maintenance land and seismic investment Repurchased approximately 392.2 thousand shares of common stock for approximately $70.0 million during the three months ended June 30, 2026 Repurchased approximately 1.3 million shares of common stock for approximately $242.8 million during the six months ended June 30, 2026 Updating full-year base capital expenditure guidance to approximately $430 million, including $35 million for maintenance land and seismic investments Recent Inventory Additions and Discretionary Acreage Acquisition Outlook Expanded core Utica inventory through the previously announced Ohio state land acquisitions, adding 4,700 net undeveloped acres and approximately 16 net wet gas locations (normalized to 15,000-foot laterals) in the highest-return tier of our development inventory, with operations expected to commence in 2027 Announcing new discretionary acreage acquisition program, targeting an additional $140 million during the remainder of 2026, including $40.3 million deployed in the second quarter of 2026 Anticipates this level of investment will add approximately 40 net high-quality, low-breakeven locations that compete favorably for near-term capital within Gulfport’s returns-driven development portfolio Together with the Ohio state land lease acquisition, these investments are expected to increase total Utica net inventory by more than 20% and extend development runway by more than 2.5 years Nick Dell’Osso, Gulfport’s President and CEO, commented, "During the second quarter, we continued to execute on our development plan while taking meaningful steps to enhance the depth of our inventory with the addition of top-tier locations. Through the Ohio state land lease acquisition, we expanded our core Utica position with highly productive, liquids-rich wet gas acreage that represents some of the highest-return opportunities in our portfolio and integrates seamlessly into our near-term development plan. Building on this momentum, our land team continues to identify and negotiate attractive opportunities to expand our leading Ohio natural gas inventory through disciplined, targeted leasing. We expect to allocate approximately $140 million toward additional targeted discretionary acquisitions through year-end 2026, focusing on opportunities that enhance our core position, drive capital-efficient returns and further strengthen the long-term value and durability of our asset base." Dell’Osso continued, "Our Utica and Marcellus development programs continue to deliver, highlighted by early results from our latest Marcellus pad that have exceeded expectations. Brought online under disciplined choke management, the pad is achieving stronger oil recoveries than nearby offset wells, supported by longer laterals and improved drilling efficiencies. These advancements are driving enhanced well-level economics and greater capital efficiency. Additionally, with two wet gas Utica pads recently completed near our Ohio state land lease acquisition, we anticipate a meaningful increase in liquids production during the second half of the year, positioning us to capture strong adjusted free cash flow in the current commodity price environment. With a significant portion of our 2026 capital program now complete, we expect full-year base capital expenditures to total approximately $430 million, including $35 million for maintenance land and seismic investments." "Looking ahead, our priorities are clear: continue to improve capital efficiency across the business to reduce our breakevens and reinvestment rate, expand our inventory through disciplined and value-accretive acreage additions, preserve balance sheet strength and return excess cash to shareholders. We will continue to evaluate our capital allocation opportunities competitively and seek the optimal balance between strategic inventory expansion and opportunistic share repurchases, with each decision guided by returns, market conditions and our financial position. We remain committed to maintaining a conservative mid-cycle leverage profile and believe we are well positioned to build net asset value and deliver durable, long-term returns for our shareholders," Dell’Osso concluded. A company presentation to accompany the Gulfport earnings conference call can be accessed by clicking here. A non-GAAP financial measure. Reconciliations of these non-GAAP measures and other disclosures are provided with the supplemental financial tables available on our website at www.gulfportenergy.com. Operational Update The table below summarizes Gulfport’s operated drilling and completion activity for the second quarter of 2026: Gulfport’s net daily production for the second quarter of 2026 averaged 962.8 MMcfe per day, primarily consisting of 800.0 MMcfe per day in the Utica/Marcellus and 162.8 MMcfe per day in the SCOOP. For the second quarter of 2026, Gulfport’s net daily production mix was comprised of approximately 91% natural gas, 6% natural gas liquids ("NGL") and 3% oil and condensate. Capital Investment Capital investment was $148.6 million (on an incurred basis) for the second quarter of 2026, of which $141.7 million related to operated drilling and completion activity and $6.9 million related to maintenance land and seismic investment. Gulfport also invested approximately $40.3 million in discretionary acreage acquisitions and incurred approximately $0.6 million related to non-operated drilling and completion activities. For the six-month period ended June 30, 2026, capital investment was $270.4 million (on an incurred basis), of which $259.6 million related to operated drilling and completion activity and $10.8 million related to maintenance land and seismic investment. Gulfport also invested approximately $79.7 million in discretionary acreage acquisitions and incurred approximately $0.7 million related to non-operated drilling and completion activities. Discretionary acreage acquisition expenditures included $39.5 million associated with the completion of the prior year's program and $40.3 million associated with the 2026 discretionary acreage acquisition program that is targeting $140 million of acreage acquisitions through the end of the year. Common Stock Repurchase Program Gulfport repurchased approximately 392.2 thousand shares of common stock during the second quarter of 2026, totaling approximately $70.0 million. As of June 30, 2026, the Company had repurchased approximately 8.6 million shares of common stock (including the underlying shares of common stock into which the preferred stock was convertible) at a weighted-average share price of $135.09 since the program initiated in March 2022, totaling approximately $1.2 billion in aggregate. As of June 30, 2026, the Company had approximately $336.8 million of remaining capacity under the share repurchase program. Financial Position and Liquidity As of June 30, 2026, Gulfport had approximately $1.1 million of cash and cash equivalents, $280.0 million of borrowings under its revolving credit facility, $48.7 million of letters of credit outstanding and $650.0 million of outstanding 2029 senior notes. Gulfport’s liquidity at June 30, 2026, totaled approximately $772.4 million, comprised of the $1.1 million of cash and cash equivalents and approximately $771.3 million of available borrowing capacity under its credit facility. Derivatives Gulfport enters into commodity derivative contracts on a portion of its expected future production volumes to mitigate the Company’s exposure to commodity price fluctuations. For details, please refer to the "Derivatives" section provided with the supplemental financial tables available on our website at ir.gulfportenergy.com. Leadership Transition On July 31, 2026, Michael Hodges, Gulfport’s Executive Vice President, Chief Financial Officer notified Gulfport of his decision to resign from his roles at the Company to devote more time to his family effective August 5, 2026. To ensure a smooth transition, Mr. Hodges has agreed to serve in an advisory capacity until September 1, 2026. The Company has retained a nationally recognized search firm to identify a permanent successor. Mr. Hodges’ resignation is not the result of any disagreement with the Company relating to its operations, policies, practices, or financial reporting. Second Quarter 2026 Conference Call Gulfport will host a teleconference and webcast to discuss its second quarter of 2026 results beginning at 10:00 a.m. ET (9:00 a.m. CT) on Tuesday, August 4, 2026. The conference call can be heard live through a link on the Gulfport website, www.gulfportenergy.com. In addition, you may participate in the conference call by dialing 866-373-3408 domestically or 412-902-1039 internationally. A replay of the conference call will be available on the Gulfport website and a telephone audio replay will be available from August 4, 2026 to August 18, 2026, by calling 877-660-6853 domestically or 201-612-7415 internationally and then entering the replay passcode 13761877. Financial Statements and Guidance Documents Second quarter of 2026 earnings results and supplemental information regarding quarterly data such as production volumes, pricing, financial statements and non-GAAP reconciliations are available on our website at ir.gulfportenergy.com. Non-GAAP Disclosures This press release includes non-GAAP financial measures. Such non-GAAP measures should not be considered as an alternative to GAAP measures. Reconciliations of these non-GAAP measures and other disclosures are provided with the supplemental financial tables available on our website at ir.gulfportenergy.com. About Gulfport Gulfport is an independent natural gas-weighted exploration and production company focused on the exploration, acquisition and production of natural gas, crude oil and NGL in the United States with primary focus in the Appalachia and Anadarko basins. Our principal properties are located in eastern Ohio targeting the Utica and Marcellus formations and in central Oklahoma targeting the SCOOP Woodford and SCOOP Springer formations. Forward-Looking Statements This press release includes "forward-looking statements" for purposes of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. In some cases, you can identify forward-looking statements by terms such as "may," "will," "should," "could," "would," "expects," "plans," "anticipates," "intends," "believes," "estimates," "projects," "predicts," "potential" and similar expressions intended to identify forward-looking statements. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that we expect or anticipate will or may occur in the future, including the expected impact of U.S. trade policy and its impact on broader economic conditions, the war in Ukraine, the conflicts in Iran, the disruptions in the Strait of Hormuz and the broader geopolitical tension in the Middle East on our business, industry and the global economy, estimated future production and net revenues from oil and gas reserves and the present value thereof, future capital expenditures (including the amount and nature thereof), share repurchases, business strategy and measures to implement strategy, competitive strength, goals, expansion and growth of our business and operations, plans, references to future success, reference to intentions as to future matters and other such matters are forward-looking statements. Gulfport believes the expectations and forecasts reflected in the forward-looking statements are reasonable, Gulfport can give no assurance they will prove to have been correct. They can be affected by inaccurate or changed assumptions or by known or unknown risks and uncertainties. Important risks, assumptions and other important factors that could cause future results to differ materially from those expressed in the forward-looking statements are described under "Risk Factors" in Item 1A of Gulfport’s annual report on Form 10-K for the year ended December 31, 2025 and any updates to those factors set forth in Gulfport’s subsequent quarterly reports on Form 10-Q or current reports on Form 8-K (available at https://www.gulfportenergy.com/investors/sec-filings). Gulfport undertakes no obligation to release publicly any revisions to any forward-looking statements, to report events or to report the occurrence of unanticipated events. Investors should note that Gulfport announces financial information in SEC filings, press releases and public conference calls. Gulfport may use the Investors section of its website (www.gulfportenergy.com) to communicate with investors. It is possible that the financial and other information posted there could be deemed to be material information. The information on Gulfport’s website is not part of this filing. View source version on businesswire.com: https://www.businesswire.com/news/home/20260803814805/en/ Contacts Investor Contact: Jessica Antle – Vice President, Investor [email protected] 405-252-4550

Gulfport Energy (GPOR) came out with quarterly earnings of $3.91 per share, missing the Zacks Consensus Estimate of $3.94 per share. This compares to earnings of $4.24 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -0.76%. A quarter ago, it was expected that this natural gas producer would post earnings of $7.72 per share when it actually produced earnings of $7.28, delivering a surprise of -5.7%. Over the last four quarters, the company has not been able to surpass consensus EPS estimates. Gulfport, which belongs to the Zacks Oil and Gas - Exploration and Production - United States industry, posted revenues of $323.23 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 8.42%. This compares to year-ago revenues of $447.62 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Gulfport shares have lost about 22.4% since the beginning of the year versus the S&P 500's gain of 9.4%. While Gulfport has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Gulfport was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $5.44 on $342.05 million in revenues for the coming quarter and $23.05 on $1.46 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Oil and Gas - Exploration and Production - United States is currently in the bottom 13% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the same industry, HighPeak Energy, Inc. (HPK), is yet to report results for the quarter ended June 2026. This company is expected to post quarterly earnings of $0.03 per share in its upcoming report, which represents a year-over-year change of -70%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. HighPeak Energy, Inc.'s revenues are expected to be $274.1 million, up 36.8% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Gulfport Energy Corporation (GPOR) : Free Stock Analysis Report HighPeak Energy, Inc. (HPK) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Wall Street expects a year-over-year increase in earnings on higher revenues when Talos Energy (TALO) reports results for the quarter ended June 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on August 4. On the other hand, if they miss, the stock may move lower. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise. This independent oil and gas company is expected to post quarterly earnings of $0.31 per share in its upcoming report, which represents a year-over-year change of +214.8%. Revenues are expected to be $560.48 million, up 32% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 49.21% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change. Price, Consensus and EPS Surprise Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only. A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). For Talos Energy, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +32.26%. On the other hand, the stock currently carries a Zacks Rank of #3. So, this combination indicates that Talos Energy will most likely beat the consensus EPS estimate. While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number. For the last reported quarter, it was expected that Talos Energy would post a loss of$0.09 per share when it actually produced a loss of -$0.07, delivering a surprise of +22.22%. Over the last four quarters, the company has beaten consensus EPS estimates two times. An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. Talos Energy appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. Gulfport Energy (GPOR), another stock in the Zacks Oil and Gas - Exploration and Production - United States industry, is expected to report earnings per share of $3.94 for the quarter ended June 2026. This estimate points to a year-over-year change of -7.1%. Revenues for the quarter are expected to be $298.12 million, down 33.4% from the year-ago quarter. Over the last 30 days, the consensus EPS estimate for Gulfport has been revised 7.7% down to the current level. Nevertheless, the company now has an Earnings ESP of 0.00%, reflecting an equal Most Accurate Estimate. When combined with a Zacks Rank of #4 (Sell), this Earnings ESP makes it difficult to conclusively predict that Gulfport will beat the consensus EPS estimate. The company could not beat consensus EPS estimates in any of the last four quarters. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Talos Energy Inc. (TALO) : Free Stock Analysis Report Gulfport Energy Corporation (GPOR) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research