Gulfport Energy Corporation (NYSE:GPOR) Q2 2024 Earnings Conference Call August 7, 2024 9:00 AM ET
Company Participants
Jessica Antle - VP of IR
John Reinhart - President and CEO
Michael Hodges - EVP and CFO
Conference Call Participants
Bert Dons - Truist Securities
Tim Rezvan - KeyBanc Capital Markets
Jacob Roberts - Tudor, Pickering, Holt & Company
Zach Parham - JPMorgan
Operator
Ladies and gentlemen, greetings. Welcome to Gulfport Energy Corporation's Second Quarter 2024 Earnings Call. [Operator Instructions] As a reminder, this conference is being recorded.
It is now my pleasure to introduce your host, Jessica Antal. Please go ahead.
Jessica Antle
Thank you, and good morning. Welcome to Gulfport Energy Corporation's Second Quarter 2024 earnings conference call. I am Jessica Antle, Vice President of Investor Relations. Speakers on today's call include John Reinhart, President and CEO; Michael Hodges, Executive Vice President and CFO. In addition, we also have Matt Rucker, Senior Vice President of Operation 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 condition, 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 reference non-GAAP measures. Reconciliations to the comparable GAAP 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.
During the second quarter, Gulfport's operational, planning and financial teams continued successful execution of our corporate plans to lower operating and capital costs, maximize free cash flow generation, return capital to shareholders and enhance the company's high-quality inventory. Our teams in the field continue driving operational improvements, resulting in capital savings on our full year development program and delivering positive free cash flow during the quarter despite a volatile pricing environment.
We continued our commitment to returning capital to our shareholders through common share repurchases, while also reinvesting in our attractive and diverse asset base, through discretionary acreage acquisitions. The company realized another record-setting quarter in the field, while delivering on a prudent 2024 development plan, all of which contributed to strong financial performance and underscores the execution sustainability of the corporate strategy.