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Benzinga
Benzinga
Business
Nabaparna Bhattacharya

Why Is Gulfport Energy Stock Soaring On Friday?

Gulfport Energy JP Morgan
Oil RigScreenshot 2025-06-18 at 9.07.50 AM

Gulfport Energy Corporation’s (NYSE:GPOR) stock is climbing on Friday, up nearly 5%, as investors anticipate strong second-quarter earnings, driven by a strategic reevaluation of its capital spending plans.

The company is notably reallocating resources towards dry gas development in the latter half of the year, including adding a four-well dry gas Utica pad, while adjusting its wet gas Marcellus pad schedule.

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