Gulfport Energy(US:GPOR)2023-08-03 05:22Financial Performance & Valuation - Gulfport's 2023 adjusted free cash flow yield is estimated to be around 10%[7] - The company's market capitalization is approximately $1.9 billion[27] - The enterprise value is $2.5 billion, with an EV/2023 adjusted EBITDA multiple of 3.5x[27] - Gulfport has liquidity of approximately $732 million[27] - As of July 27, 2023, Gulfport repurchased approximately $325 million of its shares at an average price of $85.51 per share[22] Production & Capital Allocation - Gulfport's Q2 2023 net production was approximately 769.2 MMcfe/day in Utica/Marcellus and 270.1 MMcfe/day in SCOOP[15] - The company plans to allocate approximately $40 million towards discretionary acreage acquisitions in 2023[23] - The total base capital expenditure for 2023 is projected to be between $425 million and $475 million[27] - Gulfport expects to turn-to-sales 20 gross Utica wells and 2 gross Marcellus wells[50] Reserves & Hedging - Gulfport's YE22 proved reserves were 2.9 net Tcfe in Utica/Marcellus and 1.1 net Tcfe in SCOOP[15] - Approximately 55% of the company's projected 2023 production is hedged[72, 74]