Gulfport Energy swings to $0.5 million Q1 net loss on $146.5 million derivative loss
Gulfport Energy reported a first-quarter 2025 net loss of $0.5 million, or $0.07 per diluted share, compared with net income of $52.0 million, or $2.34 per diluted share, a year earlier. A $146.5 million net loss on derivatives cut total revenues to $197.0 million from $283.2 million, and the company reaffirmed its full-year 2025 guidance and said it plans to return substantially all adjusted free cash flow, excluding discretionary acreage acquisitions, through share repurchases.
Key points
- Net loss of $464 thousand, or $0.07 per diluted share, versus net income of $52.0 million, or $2.34 per diluted share, in Q1 2024.
- Total revenues were $197.0 million versus $283.2 million, after a $146.5 million net loss on derivatives compared with a $45.1 million gain a year earlier.
- Adjusted EBITDA was $218.3 million and adjusted free cash flow was $36.6 million; the company repurchased about 340.7 thousand shares for $60.0 million.
- Full-year 2025 guidance was reaffirmed; natural gas production is expected to rise about 20% by fourth quarter 2025 versus Q1 2025, and late-2025 drilling will shift toward dry gas Utica development.
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 May 06, 2025.
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.