Gulfport Energy swings to Q2 net loss of $26.2 million; revenue falls to $181.1 million
Gulfport reported a second-quarter 2024 net loss of $26.2 million, compared with net income of $93.7 million a year earlier, as total revenues fell to $181.1 million from $304.7 million. The company kept its full-year capital guidance unchanged and narrowed its 2024 production forecast, but reported profit and revenue declined sharply for shareholders.
Key points
- Q2 2024 net loss of $26.2 million vs. net income of $93.7 million in Q2 2023; total revenues $181.1 million vs. $304.7 million
- Diluted loss of $1.51 per share vs. diluted earnings of $4.18 per share a year earlier
- 2024 production guidance narrowed to 1,055-1,070 MMcfe per day; capital expenditure guidance unchanged, with over $25 million in expected savings
- Repurchased about $25.0 million of common stock in Q2 2024; about $188.8 million of repurchase capacity remained as of July 29, 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 August 06, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.