Gulfport Energy: Significant Share Repurchases Expected In H2 2024

L H mysticenergy Gulfport Energy (NYSE:GPOR) is refinancing its May 2026 notes with new September 2029 notes that carry a 1.25% lower interest rate. This pushes Gulfport's note maturity out by over three years and also end up saving it roughly $6 million per year in interest costs. Near-term natural gas prices are fairly weak, but with the help of hedges, Gulfport is projected to generate $173 million in 2H 2024 free cash flow and $350 million to $400 million in 2025 free cash flow at current strip. Operati ...