Gulfport Energy Corporation (NYSE:GPOR) Q1 2023 Earnings Conference Call May 3, 2023 9:00 AM ET
Company Participants
Jessica Antle - Director, Investor Relations
John Reinhart - President & Chief Executive Officer
Michael Hodges - Executive Vice President & Chief Financial Officer
Matthew Rucker - Senior Vice President, Operations
Conference Call Participants
Neal Dingmann - Truist Securities
Tim Rezvan - KeyBanc Capital Markets
Operator
Hello, and welcome to the Gulfport Energy Corporation’s First Quarter 2023 Earnings Call and Webcast. [Operator Instructions] A question-and-answer session will follow the formal presentation. As a reminder, this conference is being recorded.
It's now my pleasure to turn the call over to your host, Jessica Antle, Director of Investor Relations. Please go ahead, Jessica.
Jessica Antle
Thank you, Kevin, and good morning. Welcome to Gulfport Energy Corporation’s first quarter 2023 earnings conference call. I am Jessica Antle, Director of Investor Relations. Speakers on today’s call include John Reinhart, President and Chief Executive Officer; Michael Hodges, Executive Vice President and Chief Financial Officer. In addition, Matthew Rucker, Senior Vice President of Operations will be available for the Q&A portion of today's call.
I would like to remind everybody that during this conference call, the participants may make certain forward-looking statements relating to the company’s financial conditions, results of operations, plans, objectives, future performance, and business. We caution you that actual results could differ materially from those that are indicated in these forward-looking statements, due to a variety of factors. Information concerning these factors can be found in the company’s filings with the SEC.
In addition, we may make reference to non-GAAP measures. Reconciliations to those GAAP comparable measures will be posted on our website. An updated Gulfport presentation was posted yesterday evening to our website in conjunction with the earnings announcement. Please review at your leisure.
At this time, I would like to turn the call over to John Reinhart, President and CEO.
John Reinhart
Thank you, Jessica, and thank you to everyone for listening to our call. I'm pleased to provide highlights today on the company's performance in the first quarter, which includes production, adjusted EBITDA and adjusted free cash flow exceeding analyst estimates, capital cost deflation realizations, strong well productivity and operational cycle times outpacing expectations, all of which facilitate high confidence in our 2023 program.
To open, I would first like to welcome Michael and Matthew to the Gulfport team. Michael brings over 20 years of experience as a seasoned financial leader with deep expertise in the oil and gas industry, and much of his career is spent with companies operating in the Appalachian and Anadarko basins.