Gulfport Energy Q4 net income falls to $245.7 million; full year rises to $1.5 billion
Gulfport Energy reported fourth-quarter and full-year 2023 results and gave 2024 production and capital spending guidance. Fourth-quarter net income was $245.7 million, down from $748.6 million a year earlier, while full-year net income reached $1.5 billion, up from $494.7 million, helped by a $525.2 million deferred income tax benefit. The company plans 2024 base capital expenditures of $380 million to $420 million, which it says is about 10% lower than 2023, with flat production.
Key points
- Q4 2023 total revenues were $489.1 million, versus $982.5 million in Q4 2022; net income was $245.7 million, versus $748.6 million.
- Full-year 2023 net income was $1.5 billion, including a $525.2 million deferred income tax benefit; full-year total revenues were $1.79 billion, versus $1.33 billion in 2022.
- 2024 guidance calls for production of 1,045 to 1,080 MMcfe per day and base capital expenditures of $380 million to $420 million.
- Gulfport repurchased 1.5 million shares for $148.9 million in 2023, with about $236 million remaining under its buyback authorization as of February 26, 2024.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:49 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 27, 2024.
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