Gulfport Energy(US:GPOR)2023-11-01 18:47Financial Highlights - Gulfport's estimated FCF for 2024 is ~$2.1 Billion, and for 2025 is ~$2.9 Billion[2] - Gulfport has a meaningful adjusted free cash flow profile, generating 80% - 130%+ of market capitalization over the next five years[55] - Gulfport's 2023 Adjusted Free Cash Flow Yield is estimated to be ~9%[63] - Gulfport has a common share repurchase program authorizing purchases up to $650 million of its outstanding shares[54] - As of October 26, 2023, Gulfport repurchased ~$335 million of shares at an average price of $86.14 per share, retiring ~3.9 million shares[54,76] Operational Performance - Gulfport plans to allocate ~$40 million toward accretive acreage that extends high quality resource depth and provides optionality for near term development[9] - Gulfport's Utica footprint provides for future Marcellus development[17] - Gulfport's recent development plan has yielded strong results, with 60%+ improvement since 2020 in gross 2-Stream Volume (Bcfe / 1,000' of Lateral)[22] - Gulfport is focused on continuously improving cycle times and reducing operating costs[64] - Gulfport improved methane intensity rate by 25% in 2022 compared to 2021[27]