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November 2 , 2021 Gulfport ENERGY Gulfport Energy Reports Third Quarter 2021 Financial and Operating Results and Announces Updated Guidance and Stock Repurchase Program OKLAHOMA CITY -- ( BUSINESS WIRE ) -- Gulfport Energy Corporation ( NYSE : GPOR ) ( " Gulfport " or the " Company " ) today reported financial and operating results for the three months and nine months ended September 30 , 2021 and provided an updated 2021 development plan and financial guidance . Highlights ( 1 ) • Amended credit facility increasing liquidity by more than $ 160 million • Authorized stock repurchase program to acquire up to $ 100 million of outstanding common stock ( 2 ) • Completed six - well Angelo pad in the Utica during the third quarter and subsequently brought online at a combined gross production rate of 250 MMcfe per day • Reported $ 126.3 million of Net Cash Provided by Operating Activities • Delivered $ 69.7 million of Free Cash Flow ( non - GAAP measure ) • Reduced 2021 full year Recurring Cash General and Administrative Expense ( non- GAAP measure ) guidance to total $ 42 to $ 44 million , a $ 3 million decrease from the previous midpoint • Increased expected 2021 full year Free Cash Flow ( non - GAAP measure ) guidance to $ 345 million to $ 365 million , a $ 55 million increase from previous midpoint " Gulfport delivered strong third quarter 2021 results , driven by reservoir outperformance and operational execution . In addition , the six - well Angelo pad was completed and subsequently brought online ahead of expectations . The efficiencies realized across the enterprise to date have enabled us to improve our 2021 guidance , narrowing the outlook for full year net production and reducing our forecasted G & A expense to the expected 2022 run rate . These improvements , coupled with the recent strength in commodities , resulted in another quarter of free cash flow generation and positions the Company to deliver significant free cash flow going forward , " commented Tim Cutt , CEO of Gulfport . " We recently amended the Company's credit facility , increasing our liquidity by more than $ 160 million . The amendment provides the financial flexibility to execute our ongoing business plan and accelerates our ability to begin returning capital to shareholders , as demonstrated with today's announcement of the stock repurchase program . "