Gulfport Energy Q3 net income falls to $96.4 million; buyback expanded to $2.0 billion
Gulfport Energy reported third-quarter 2026 results, with net income of $96.4 million, down from $111.4 million a year earlier, and total revenues of $362.5 million, down from $379.7 million. The company expanded its stock repurchase authorization by 33% to $2.0 billion and said it is evaluating a two-rig Appalachia program for 2027 that would balance reinvestment with shareholder returns.
Key points
- Net income $96.4 million vs. $111.4 million in Q3 2025; diluted EPS $5.45 vs. $4.45, helped by a prior-year $30.0 million deemed preferred dividend
- Total revenues $362.5 million vs. $379.7 million; production 1,057.2 MMcfe per day vs. 1,119.7 MMcfe per day
- Adjusted EBITDA $226.5 million and adjusted free cash flow $89.0 million; Q3 repurchases totaled $36.2 million, with about $800 million remaining under the expanded program
- Full 2027 outlook to be shared in February; a $140 million 2026 discretionary acreage acquisition program is expected to finish by year-end
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 7, 2026, 11:17 PM ET, from the text of the filing and its press-release exhibits only.
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