Gulfport Energy reported adjusted EBITDA of approximately $212 million and adjusted free cash flow of $64.6 million in Q2 2025, exceeding analyst expectations.
Liquidity stood at $885 million, including $3.8 million in cash and $881.1 million in borrowing base availability.
Net cash provided by operating activities before changes in working capital was about $198 million, sufficient to cover capital expenditures and share repurchases while maintaining a strong balance sheet.
The company repurchased approximately 6.2 million shares at an average price of $113.48, reducing share count by about 18%.
Trailing 12-month net leverage decreased to approximately 0.85x as of June 30, 2025, down from the prior quarter.
Strategic Fleet Deleveraging and Sale Leaseback Repurchases
Scorpio Tankers has reduced lease obligations from $2.2 billion at start of 2022 to below $70 million, with plans to fully eliminate sale leaseback obligations within a few months.
The company has expanded liquidity to approximately $1.4 billion, including cash, undrawn credit, and investments, emphasizing strong balance sheet management.
AmeriGas operating loss remained stable at $28 million, with higher retail margins offsetting lower volumes.
Midstream & Marketing EBIT declined by $16 million to $27 million due to lower margins and asset divestitures.
UGI International EBIT decreased by $14 million to $43 million, impacted by lower LPG volumes and margins but partially offset by cost reductions and currency translation benefits.
UGI reported a fiscal 2025 Q3 adjusted diluted EPS of negative $0.01, down from positive $0.06 in the prior year, reflecting typical seasonal weakness and warmer weather in some territories.
Utilities segment EBIT was $30 million in Q3, down from $39 million prior year, with margin gains offset by higher operating and administrative expenses.
Year-to-date adjusted diluted EPS reached a record $3.55, up $0.33 from the prior year, driven by contributions from all segments including natural gas infrastructure investments, operational efficiencies, and tax credits.
Dafinchi