Gulfport delivered fourth-quarter net production of 1.10 Bcfe per day, a 4% increase year-over-year, and raised liquids production 12% to 18.2 MBbl per day. The quarter generated $234.8 million of adjusted EBITDA, $120.2 million of adjusted free cash flow and net income of $132.4 million, supported by $36.4 million of base capital expenditures and $55.7 million of discretionary development spend.

For full-year 2025, Gulfport achieved net production of 1.04 Bcfe per day, matching 2024 levels, while liquids output rose 29% to 18.7 MBbl per day. The company reported $878.5 million of adjusted EBITDA, $324.7 million of adjusted free cash flow and $427.8 million of net income, repurchased $336.3 million of shares and added $62.9 million of acreage through disciplined discretionary acquisitions.

Gulfport forecasts full-year 2026 net equivalent production of 1.030–1.055 Bcfe per day, including a 5% increase in fourth-quarter output and a 5% rise in liquids to 18.0–21.0 MBbl per day. The company plans $400–430 million of capital expenditures, targets $100 million in discretionary acreage investments by Q1 end and aims to sustain adjusted free cash flow growth while keeping leverage near 1.0x.

The 2026 plan prioritizes high-return development in dry and wet gas, with a $15 million workover program and $10 million Marcellus North project to support future inventory evaluation. Gulfport intends to repurchase over $140 million of common stock in Q1 2026, funded by adjusted free cash flow and revolver capacity, and will maintain leverage at about 1.0x or below.