Gulfport Energy Shares Fall After Jefferies Downgrade

Jefferies downgraded Gulfport Energy (GPOR) to Hold, cutting its price target to $180 from $239, citing risks from near-term natural gas price declines due to a potentially warm winter and increased leverage. The firm acknowledges Gulfport's strong free cash flow and inventory expansion but expresses concerns about balance sheet discipline. Comstock Resources (CRK) was initiated with a Hold rating and $14 target, noted for its sensitivity to front-month natgas prices.

Gulfport Energy (NYSE:GPOR) held an Aug. 4, 2026 investor update, highlighting inventory expansion and projected free cash flow growth. Q2 adjusted EPS was $3.91 vs $4.08 consensus, while revenue was $323.23 million vs $305.65 million. Adjusted FCF was $6.4 million in Q2 and $125.4 million in H1. The company targets 2026 base capex of about $430 million plus $140 million discretionary.

Gulfport Energy reported Q2 2026 results for the three months ended June 30. Net income fell to $87.1 million from $165.8 million in Q1, and adjusted EBITDA declined to $117.9 million from $264.2 million. Net cash from operating activities dropped to $149.9 million. Natural gas production was 996.8 MMcfe/day vs 962.8 in Q1. Gulfport plans about $140 million in discretionary acquisitions and expects 2026 capex near $430 million.

Gulfport Energy reported Q2 2026 adjusted EPS of $3.91, below the $4.08 analyst estimate, while revenue was $323.23 million versus $305.65 million expected. Management cited strong free cash flow, net debt-to-EBITDA around 1.0x, and expects liquids volumes to rise over 50% in 2H 2026 vs 1H. Shares fell about 4% after the release.

GULFPORT ENERGY CORP (GPOR) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99.1 Gulfport Energy Reports Second Quarter 2026 Financial and Operating Results and Provides Outlook on Discretionary Acreage Opportunities OKLAHOMA CITY (August 3, 2026) Gulfport Energy Corporation (NYSE: GPOR) (“Gulfport” or the “Company”) today reported financial and

The article ranks three energy companies as potential acquisition targets, noting no deals have been announced. Gulfport (GPOR) is highlighted after appointing Domenic Dell’Osso as CEO; it trades around 3x EV/EBITDA and EQT is cited as a logical acquirer. Kinetik (KNTK) faces a sponsor exit signal from I Squared stake reductions. California Resources (CRC) recently closed its Berry merger and raised synergy and EBITDAX guidance.