Gulfport Energy Corporation announced its second-quarter 2025 financial and operating results, reporting earnings of $184.5 million, or $9.12 per share. The company's revenue for the quarter reached $447.6 million, marking a significant 142% increase compared to the second quarter of 2024.
Despite the strong financial performance, Gulfport's Q2 2025 production was a couple of percent below expectations due to midstream issues. The company stated that these issues are now mostly resolved. As a result of these challenges, Gulfport anticipates its full-year production to be approximately 1% lower than the midpoint of its previously provided guidance.
Regarding its strategic initiatives, Gulfport confirmed its focus on land acquisitions. The company is currently engaged in a $7 million land acquisition in the Utica play in Ohio. Furthermore, Gulfport plans to execute up to $100 million in total land bolt-ons throughout the year, indicating a continued commitment to expanding its high-quality acreage portfolio.
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