Gulfport Energy (GPOR) Q4 2025 Earnings Transcript

Image source: The Motley Fool.

Feb. 25, 2026 astatine 10:00 a.m. ET

• President and Chief Executive Officer — John K. Reinhart

• Executive Vice President and Chief Financial Officer — Michael L. Hodges

• Chief Operating Officer — Matthew H. Rucker

Need a punctuation from a Motley Fool analyst? Email [email protected]

John K. Reinhart: Thank you, Jessica, and convey you for joining our telephone today. I volition statesman my comments with a treatment of the 2026 improvement programme we announced yesterday with our net release, followed by an overview of the 2025 results. Building connected our accordant operational execution, palmy discretionary acreage acquisition programs, and beardown fiscal performance, our 2026 outlook is centered connected prioritizing our astir charismatic opportunities and allocating superior to maximize value. This year's improvement programme is focused connected sustaining the company's vulnerability to a constructive earthy state environment, and arsenic such, we program to halfway the bulk of our improvement efforts successful the adust state and bedewed state windows of the Utica.

These improvement areas correspond our highest instrumentality wells astatine today's commodity prices, and we forecast much than 75% of our 2026 turn-in-line programme to beryllium weighted to these 2 areas. As a reminder, the Utica bedewed gas, which ranks arsenic the astir economical improvement country successful the company's portfolio, has been a cardinal absorption of our inventory adds implicit the past fewer years, and this planned improvement enactment reinforces our occurrence of adding precocious quality, precocious instrumentality inventory that supports near-term development.

We stay accordant successful our superior allocation model and proceed to judge the astir charismatic uses of our disposable escaped currency travel are discretionary acreage acquisitions, highlighted by today's announcement of the expected palmy results of our existing programme and the continued repurchase of our undervalued equity. We expect to support an progressive repurchase programme done 2026, and our beardown fiscal presumption provides maximum flexibility arsenic we mean to utilize some our adjusted escaped currency travel procreation and disposable capableness connected our revolving recognition installation to opportunistically repurchase our equity portion maintaining an charismatic leverage ratio of astir 1x oregon below.

This includes our announced program to deploy much than $140 cardinal towards repurchases successful 2026, reflecting our assurance successful the worth of our concern and the upside we spot successful our equity today. Total superior walk for the twelvemonth is projected to beryllium successful the scope of $400 cardinal to $430 million, which includes $35 cardinal to $40 cardinal of attraction onshore and seismic investment. Embedded successful this programme is astir $15 cardinal targeting basal accumulation improvements crossed some basins, which includes highly accretive workovers aimed astatine enhancing semipermanent good show and reducing earthy accumulation declines.