Management ChangeMay 5, 2026, 04:19 PM
Gulfport Energy Appoints Domenic J. Dell Osso, Jr. as CEO
AI Summary
Gulfport Energy announced the appointment of Domenic J. Dell Osso, Jr. as President and Chief Executive Officer, effective May 28, 2026. Concurrently, the company reported strong first quarter 2026 financial and operational results, including a 7% increase in net production to 996.8 MMcfe per day. Gulfport also reaffirmed its 2026 development plan and continued its share repurchase program, buying back $172.8 million in common stock.
Key Highlights
- Domenic J. Dell Osso, Jr. appointed President and Chief Executive Officer, effective May 28, 2026.
- Q1 2026 net production reached 996.8 MMcfe per day, a 7% increase over Q1 2025.
- Reported Q1 2026 net income of $165.8 million and adjusted EBITDA of $264.2 million.
- Generated $292.9 million in net cash from operating activities and $118.9 million adjusted free cash flow.
- Repurchased 866.3 thousand shares for $172.8 million in Q1 2026, the highest quarterly level.
- Completed $39.5 million in discretionary acreage acquisitions, adding over two years of inventory.
- Reaffirmed full year 2026 development plan and guidance, expecting 5% Q4 2026 production growth.
- Revolving credit facility borrowing base reaffirmed at $1.1 billion; elected commitments increased 10% to $1.1 billion.