Gulfport Energy Reports Third Quarter 2026 Financial and Operating Results
Business Wire•04/11/2026•16:01 ET
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Key Highlights
- ➤Net income $96.4 million and adjusted EBITDA $226.5 million reported
- ➤Operating cash flow $183.6 million; adjusted free cash flow $89.0 million
- ➤Production averaged 1,057.2 MMcfe per day, down from 1,119.7 MMcfe
- ➤Liquids production rose approximately 67% sequentially to 23.5 MBbl per day
- ➤Stock repurchase authorization expanded 33% to $2.0 billion
Expert Statements
Nick Dell’Osso, President and CEO of Gulfport Energy
“Our 2026 development program gained significant momentum in the third quarter. As planned, our back-half-weighted turn-in-line schedule drove production up approximately 10% from the second quarter, led by new liquids-rich wet gas Utica pads, with liquids now representing approximately 13% of total volumes. That higher-value production mix, combined with strong realized liquids pricing and our disciplined cost structure, translated directly into stronger margins and earnings, with adjusted EBITDA and adjusted free cash flow both up meaningfully from the second quarter. We expect to continue building on that strength in the fourth quarter, keeping us on track to deliver full-year production and capital expenditures in line with our guidance.”
Nick Dell’Osso, President and CEO of Gulfport Energy
“We also continued to enhance the depth of our inventory, completing the Ohio state land acquisitions, and expect to complete our $140 million 2026 discretionary acreage acquisition program by year-end through disciplined, targeted leasing in the core of our position. As we look to 2027, we are evaluating a more continuous two-rig Appalachia development program, which we believe will drive meaningful operational efficiencies through steadier rig and crew utilization, lower our development costs, concentrate capital in our highest-return asset area and position the business for production growth beginning in 2028. This shift in capital allocation would allow Gulfport to balance reinvestment with returns to shareholders while preserving our strong balance sheet, and we look forward to sharing our full 2027 outlook in February.”
Nick Dell’Osso, President and CEO of Gulfport Energy
“With a high-quality, deep and concentrated asset base in the heart of Appalachia, adjacent to growing power demand in Ohio, a strong financial foundation and an expanded stock repurchase authorization, we believe we are well positioned to generate durable adjusted free cash flow and deliver meaningful value to our shareholders.”
Gulfport Energy Reports Third Quarter 2026 Financial and Operating Results
Gulfport Energy Corporation (NYSE: GPOR) (“Gulfport” or the “Company”) today reported financial and operating results for the three months ended September 30, 2026.
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