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August 5 , 2021 Gulfport ENERGY Gulfport Energy Corporation Reports Second Quarter 2021 Financial and Operating Results OKLAHOMA CITY -- ( BUSINESS WIRE ) -- Gulfport Energy Corporation ( NASDAQ : GPOR ) ( " Gulfport " or the " Company " ) today reported financial and operating results for the three months and six months ended June 30 , 2021 and provided its 2021 development plan and financial guidance . Second Quarter 2021 Highlights ( 1 ) • Emerged from restructuring process on May 17 , 2021 • Right - sized firm transportation commitments and negotiated new , cost - competitive midstream agreements to better align with operating plan • Reduced total debt by more than $ 1.2 billion and reduced annual cash interest expense by over $ 90 million • Reported $ 87.3 million of Net Cash Provided by Operating Activities • Delivered $ 74.4 million of Free Cash Flow ( non - GAAP measure ) 2021 Full Year Forecast • Intend to invest $ 290 million to $ 310 million of capital • Expect to deliver full year net production of 975 MMcfe to 1,000 MMcfe per day • Forecast to reduce total per unit expense ( 2 ) by more than 23 % when compared to 2020 • Plan to generate approximately $ 290 million to $ 310 million of Free Cash Flow ( non- GAAP measure ) " During the second quarter 2021 , we emerged from our restructuring process with a continuous improvement mindset , focused on cost effective production and capital discipline , supported by a strong balance sheet . We are fully committed to safely executing in the field and improving our Environmental , Social and Governance performance . We flattened our corporate structure , reduced overhead and are focused on optimizing our development program to deliver the highest returns possible to our investors , " commented Tim Cutt , Interim CEO of Gulfport . " We plan to develop our assets in a disciplined manner , investing approximately $ 300 million of capital to deliver 1.0 Bcfe per day of production and targeting sustainable cash flow generation of roughly $ 300 million per year . We believe that our ability to deliver substantial free cash flow , with top - quartile operating costs and leverage , provides a unique opportunity