Gulfport Tightens Guidance and Maintains Budget After 2Q
Gulfport delivered production of 1,038 mmcfe/d (88% natural gas) in the second quarter, which was 22% higher sequentially and 56% higher year over year. This was a hair behind our forecast of 1,056 mmcfe/d. The firm’s financial results were mixed, with adjusted EBITDA and adjusted earnings per share coming in at $167 million and $0.33, respectively (consensus estimates were $177 million and $0.28).The firm's 2017 budget was unchanged at $1 billion-$1.1 billion, while the low end of full-year pr...
Gulfport Energy is an oil and natural gas exploration and production company focused on the exploration, exploitation, acquisition and production of natural gas, crude oil and natural gas liquids. The company's principal properties are located in the Utica Shale primarily in Eastern Ohio and the SCOOP Woodford and SCOOP Springer plays in Oklahoma. In addition, among other interests, the company holds an acreage position along the Louisiana Gulf Coast in the West Cote Blanche Bay and Hackberry fields, an acreage position in the Alberta oil sands in Canada through its interest in Grizzly Oil Sands ULC and an equity interest in Mammoth Energy Services, Inc., an oil field services company.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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