GPOR - Gulfport Energy: 2024 Production On Track Despite Some Deferred Activity
2024-06-28 06:09:26 ET
Summary
- Gulfport is now expected to generate close to $300 million in 2024 free cash flow.
- About three-quarters of this is driven by its hedges.
- Improved 2025 strip prices point to it potentially being able to generate $400 million in free cash flow before hedges then, with hedges boosting this to $440 million.
- Gulfport's Q1 2024 production exceeded internal expectations by a couple of percentage points, while its capex was a bit under budget.
Gulfport Energy 's ( GPOR ) Q1 2024 results were pretty solid, with production exceeding its expectations by a couple percent. Due to weak near-term natural gas prices, Gulfport has deferred some Q2 2024 activity into the second half of the year, but this is not expected to have much impact on its 2024 production....
Gulfport Energy: 2024 Production On Track Despite Some Deferred Activity