Key Points – Gulfport posted a strong first quarter with $264 million in adjusted EBITDA and $119 million in adjusted free cash flow, while reaffirming full-year production and cost guidance.
Management said results were supported by stronger commodity pricing and efficient operations. – Capital returns remained a major focus, as the company bought back 866,000 shares for $172.8 million in the quarter, its largest quarterly repurchase investment ever
Gulfport also completed its discretionary acreage acquisition program and said it will keep targeting selective leasing to add high-quality inventory. – Operations and leadership are in transition: Gulfport plans to move to a one-rig program in Ohio for the rest of 2026, while continuing to improve drilling efficiency and maintain very low leverage. Domenic J. Dell’Osso, Jr. is set to become CEO on May 28 as the company keeps its focus on disciplined execution and shareholder returns.
Gulfport Energy (NYSE:GPOR) reported a strong start to 2026, with executives highlighting higher commodity pricing, continued capital returns and operational efficiency gains during the company’s first-quarter earnings call. Michael Hodges, Gulfport’s executive vice president and chief financial officer, said the quarter was marked by the completion of the company’s discretionary acreage acquisition program and what he described as a record quarter of share repurchase activity. The company also announced that Domenic J.