Cooper Standard Raises Full Year Adjusted EBITDA Guidance as Second Quarter and First Half Results Exceed Expectations
Second Quarter 2025 Highlights
Gross profit of $93.1 million, an increase of 12.2% vs. the second quarter of 2024
Operating income of $37.3 million, an increase of 234.5% vs. the second quarter of 2024
Net loss of $1.4 million, or $(0.08) per diluted share, an improvement of $74.8 million vs. the second quarter of 2024
Adjusted net income of $1.0 million, or $0.06 per diluted share, an improvement of $12.3 million vs. the second quarter of 2024
Adjusted EBITDA of $62.8 million, or 8.9% of sales, an increase of $11.9 million vs. the second quarter of 2024
"Through the outstanding effort and commitment of our global team, our operating performance and financial results in the first and second quarters of the year exceeded our plan," said Jeffrey Edwards, chairman and CEO, Cooper Standard. "We expect our execution in the second half to offset the impact of lower light vehicle production volume and ongoing inflationary headwinds. As a result, we are raising our full year adjusted EBITDA guidance."
Consolidated ResultsThree Months Ended June 30,Six Months Ended June 30,2025202420252024(Dollar amounts in millions except per share amounts)
Sales
$ 706.0$ 708.4$ 1,373.0$ 1,384.8
Net (loss) income
$ (1.4)$ (76.2)$ 0.2$ (107.9)
Adjusted net income (loss)
$ 1.0$ (11.3)$ 4.5$ (41.9)
(Loss) income per diluted share
$ (0.08)$ (4.34)$ 0.01$ (6.16)
Adjusted income (loss) per diluted share
$ 0.06$ (0.64)$ 0.25$ (2.39)
Adjusted EBITDA
$ 62.8$ 50.9$ 121.5$ 80.3
Sales declined by 0.3% in the second quarter due primarily to unfavorable volume and mix, including net customer price adjustments, partially offset by foreign exchange.
Net loss for the second quarter of 2025 was $1.4 million, including restructuring charges of $2.9 million and other special items. Net loss for the second quarter of 2024 was $76.2 million, including restructuring charges of $17.8 million and other special items. Excluding these special items and their related tax impact, adjusted net income was $1.0 million in the second quarter of 2025 compared to adjusted net loss of $11.3 million in the second quarter of 2024, or an improvement of $12.3 million. The year-over-year improvement was primarily driven by increased manufacturing and purchasing efficiency and savings realized from past headcount initiatives. These positive drivers were partially offset by unfavorable volume, mix and price, and ongoing general inflation.
Adjusted EBITDA for the second quarter of 2025 was $62.8 million compared to $50.9 million in the second quarter of 2024. The year-over-year improvement was primarily driven by increased manufacturing and purchasing efficiency and savings realized from past headcount initiatives. These positive drivers were partially offset by unfavorable volume, mix and price, and ongoing general inflation.
Adjusted net income (loss), adjusted EBITDA and adjusted income (loss) per diluted share are non-GAAP measures. Reconciliations to the most directly comparable financial measures, calculated and presented in accordance with accounting principles generally accepted in the United States ("U.S. GAAP"), are provided in the attached supplemental schedules.
New Business Awards
The Company continues to leverage its world-class engineering and manufacturing capabilities, its innovation programs and its reputation for quality and service to win new business awards with its OEM customers and capitalize on positive trends associated with hybrid and battery electric vehicles. During the second quarter of 2025, the Company received net new business awards totaling $77.1 million in anticipated future annualized sales. Through the first six months of 2025, the Company has received $132.0 million in net new business awards, primarily related to battery-electric and hybrid vehicle platforms.
Segment Results of Operations
SalesThree Months Ended June 30,
Variance Due To:20252024Change
Volume/
Mix*ForeignExchange(Dollar amounts in thousands)
Sales to external customers
Sealing systems
$ 364,368$ 364,946$ (578)
$ (4,243)$ 3,665
Fluid handling systems
322,430322,742(312)
(887)575* Net of customer price adjustments, including recoveries.
Adjusted EBITDAThree Months Ended June 30,
Variance Due To:20252024Change
Volume/Mix*ForeignExchangeCostDecreases/(Increases)**(Dollar amounts in thousands)
Segment adjusted EBITDA
Sealing systems
$ 40,345$ 35,035$ 5,310
$ (7,777)$ (61)$ 13,148
Fluid handling systems
26,99716,28210,715
(7,689)7,30011,104* Net of customer price adjustments, including recoveries.
** Net of savings from 2024 restructuring initiatives.
Additional detail on our quarterly segment variance analyses is available in our periodic filings with the Securities and Exchange Commission.
Cash and Liquidity
As of June 30, 2025, Cooper Standard had cash and cash equivalents totaling $121.6 million. Total liquidity, including availability under the Company's amended senior asset-based revolving credit facility, was $272.8 million at the end of the second quarter of 2025.
Based on current expectations for light vehicle production and customer demand for our products, the Company believes it has sufficient financial resources to support ongoing operations and the execution of planned strategic initiatives for the foreseeable future. These financial resources include current cash on hand, continuing access to flexible credit facilities, and expected future positive cash generation.
Outlook
Our industry and, indeed, the global economy is facing unprecedented uncertainty due to changing trade and tariff policies being implemented or considered by the governments of the United States and other nations. Despite this trade-related uncertainty, the Company believes that the underlying demand for new light vehicle production in its key operating regions remains strong, supported by the age of the existing fleet, increasing population, increasing numbers of newly licensed drivers, and declining vehicle inventories. The Company believes it is well-positioned to manage through tariffs that may be imposed on the products it ships across borders, primarily in North America, but acknowledges that overall light vehicle production volumes may be impacted by changing trade policies. While the uncertainty related to trade and tariff policies make forecasting difficult in the near term, the Company remains confident that the continuing successful execution of its plans and strategies will drive increasing profit margins and returns on invested capital over time as markets stabilize.
Based on our actual results in the first half of the year and our expectations that continuing operational excellence will offset the impact of potential lower light vehicle production volumes in the second half, the Company has adjusted its full year guidance as follows:Initial 2025 Guidance1
Current 2025 Guidance1
Sales
$2.7 - $2.8 billion
$2.7 - $2.8 billion
Adjusted EBITDA2
$200 - $235 million
$220 - $250 million
Capital Expenditures
$45 - $55 million
$45 - $55 million
Cash Restructuring
$20 - $25 million
$20 - $25 million
Net Cash Interest
$105 - $115 million
$105 - $115 million
Net Cash Taxes
$30 - $35 million
$25 - $30 million
Key Light Vehicle Productions Assumptions(Units)
North America
15.1 million
14.9 million
Europe
16.6 million
16.7 million
Greater China
30.2 million
31.2 million
South America
3.1 million
3.2 million 1 Guidance is representative of management's estimates and expectations as of the date it is published. Initial guidance was first presented in our earnings press release published on February 13, 2025. Current guidance as presented in this press release considers July 2025 S&P Global production forecasts for relevant light vehicle platforms and models, customers' planned production schedules and other internal assumptions.
2 Adjusted EBITDA is a non-GAAP financial measure. The Company has not provided a reconciliation of projected adjusted EBITDA to projected net income (loss) because full-year net income (loss) will include special items that have not yet occurred and are difficult to predict with reasonable certainty prior to year-end. Due to this uncertainty, the Company cannot reconcile projected adjusted EBITDA to U.S. GAAP net income (loss) without unreasonable effort.
Conference Call Details
Cooper Standard management will host a conference call and webcast on August 1, 2025 at 9 a.m. ET to discuss its second quarter 2025 results, provide a general business update and respond to investor questions. Investors and other interested parties may listen to the call by accessing the online, real-time webcast at https://ir.cooperstandard.com/events.
To participate by phone, callers in the United States and Canada can dial toll-free at 800-836-8184 (international callers dial 646-357-8785) and ask to be connected to the Cooper Standard conference call. Representatives of the investment community will have the opportunity to ask questions during Q&A. Participants should dial-in at least five minutes prior to the start of the call.
A replay of the webcast will be available on the investors' portion of the Cooper Standard website (https://ir.cooperstandard.com) shortly after the live event.
About Cooper Standard
Cooper Standard, headquartered in Northville, Mich., with locations in 20 countries, is a leading global supplier of sealing and fluid handling systems and components. Utilizing our materials science and manufacturing expertise, we create innovative and sustainable engineered solutions for diverse transportation and industrial markets. Cooper Standard's approximately 22,000 team members (including contingent workers) are at the heart of our success, continuously improving our business and surrounding communities. Learn more at www.cooperstandard.com or follow us on LinkedIn, X, Facebook, Instagram or YouTube.
Forward Looking Statements
This press release includes "forward-looking statements" within the meaning of U.S. federal securities laws, and we intend that such forward-looking statements be subject to the safe harbor created thereby. Our use of words "estimate," "expect," "anticipate," "project," "plan," "intend," "believe," "outlook," "guidance," "forecast," or future or conditional verbs, such as "will," "should," "could," "would," or "may," and variations of such words or similar expressions are intended to identify forward-looking statements. All forward-looking statements are based upon our current expectations and various assumptions. Our expectations, beliefs, and projections are expressed in good faith and we believe there is a reasonable basis for them. However, we cannot assure you that these expectations, beliefs and projections will be achieved. Forward-looking statements are not guarantees of future performance and are subject to significant risks and uncertainties that may cause actual results or achievements to be materially different from the future results or achievements expressed or implied by the forward-looking statements. Among other items, such factors may include: volatility or decline of the Company's stock price, or absence of stock price appreciation; impacts and disruptions related to the wars in Ukraine and the Middle East; our ability to achieve commercial recoveries and to offset the adverse impact of higher commodity and other costs through pricing and other negotiations with our customers; work stoppages or other labor disruptions with our employees or our customers' employees; prolonged or material contractions in automotive sales and production volumes; our inability to realize sales represented by awarded business; escalating pricing pressures; loss of large customers or significant platforms; our ability to successfully compete in the automotive parts industry; availability and increasing volatility in costs of manufactured components and raw materials; disruption in our supply base; competitive threats and commercial risks associated with our diversification strategy; possible variability of our working capital requirements; risks associated with our international operations, including changes in laws, regulations, and policies governing the terms of foreign trade such as increased trade restrictions and tariffs; foreign currency exchange rate fluctuations; our ability to control the operations of our joint ventures for our sole benefit; our substantial amount of indebtedness and rates of interest; our ability to obtain adequate financing sources in the future; operating and financial restrictions imposed on us under our debt instruments; the underfunding of our pension plans; significant changes in discount rates and the actual return on pension assets; effectiveness of continuous improvement programs and other cost savings plans; significant costs related to manufacturing facility closings or consolidation; our ability to execute new program launches; our ability to meet customers' needs for new and improved products; the possibility that our acquisitions and divestitures may not be successful; product liability, warranty and recall claims brought against us; laws and regulations, including environmental, health and safety laws and regulations; legal and regulatory proceedings, claims or investigations against us; the potential impact of any future public health events on our financial condition and results of operations; the ability of our intellectual property to withstand legal challenges; cyber-attacks, data privacy concerns, other disruptions in, or the inability to implement upgrades to, our information technology systems; the possible volatility of our annual effective tax rate; the possibility of a failure to maintain effective controls and procedures; the possibility of future impairment charges to our goodwill and long-lived assets; our ability to identify, attract, develop and retain a skilled, engaged and diverse workforce; our ability to procure insurance at reasonable rates; and our dependence on our subsidiaries for cash to satisfy our obligations.; and other risks and uncertainties, including those detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.
You should not place undue reliance on these forward-looking statements. Our forward-looking statements speak only as of the date of this press release and we undertake no obligation to publicly update or otherwise revise any forward-looking statement, whether as a result of new information, future events or otherwise, except where we are expressly required to do so by law.
This press release also contains estimates and other information that is based on industry publications, surveys and forecasts. This information involves a number of assumptions and limitations, and we have not independently verified the accuracy or completeness of the information.
Contact for Analysts:
Contact for Media:
Roger Hendriksen
Chris Andrews
Cooper Standard
Cooper Standard
(248) 596-6465
(248) 596-6217
roger.hendriksen@cooperstandard.com
candrews@cooperstandard.com
Financial statements and related notes follow:
COOPER-STANDARD HOLDINGS INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)
(Dollar amounts in thousands except per share and share amounts) Three Months Ended June 30,Six Months Ended June 30,2025202420252024
Sales
$ 705,973$ 708,362$ 1,373,042$ 1,384,787
Cost of products sold
612,922625,4221,202,8131,240,204
Gross profit
93,05182,940170,229144,583
Selling, administration & engineering expenses
51,21052,408102,401107,774
Amortization of intangibles
1,7101,6053,3223,266
Restructuring charges
2,85217,7814,96318,914
Operating income
37,27911,14659,54314,629
Interest expense, net of interest income
(28,712)(28,635)(57,331)(57,916)
Equity in earnings of affiliates
1,7081,3023,4843,572
Pension settlement charge
—(46,787)—(46,787)
Other (expense) income, net
(3,667)(5,129)5,217(8,778)
Income (loss) before income taxes
6,608(68,103)10,913(95,280)
Income tax expense
8,0818,08010,78412,211
Net (loss) income
(1,473)(76,183)129(107,491)
Net loss (income) attributable to noncontrollinginterests
72(60)22(412)
Net (loss) income attributable to Cooper-StandardHoldings Inc.
$ (1,401)$ (76,243)$ 151$ (107,903)
Weighted average shares outstanding:Basic
17,882,36117,564,01517,797,93317,513,076
Diluted
17,882,36117,564,01518,058,00817,513,076
(Loss) income per share:Basic
$ (0.08)$ (4.34)$ 0.01$ (6.16)
Diluted
$ (0.08)$ (4.34)$ 0.01$ (6.16)
COOPER-STANDARD HOLDINGS INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(Dollar amounts in thousands except share amounts)June 30, 2025December 31, 2024 (unaudited)
AssetsCurrent assets:Cash and cash equivalents
$ 121,620$ 170,035
Accounts receivable, net
371,256310,738
Tooling receivable, net
75,38769,204
Inventories
181,318142,401
Prepaid expenses
26,18625,833
Value added tax receivable
56,70145,120
Other current assets
52,92241,925
Total current assets
885,390805,256
Property, plant and equipment, net
534,247539,201
Operating lease right-of-use assets, net
87,04587,292
Goodwill
140,729140,443
Intangible assets, net
31,78333,805
Other assets
140,517127,068
Total assets
$ 1,819,711$ 1,733,065
Liabilities and EquityCurrent liabilities:Debt payable within one year
$ 41,789$ 42,428
Accounts payable
356,751295,178
Payroll liabilities
101,668103,701
Accrued interest
5,0975,115
Accrued liabilities
109,097111,502
Current operating lease liabilities
19,49218,859
Total current liabilities
633,894576,783
Long-term debt
1,059,4541,057,839
Pension benefits
100,12089,253
Postretirement benefits other than pensions
26,67426,336
Long-term operating lease liabilities
71,17771,907
Other liabilities
33,77444,317
Total liabilities
1,925,0931,866,435
Equity:Common stock, $0.001 par value, 190,000,000 shares authorized;19,699,222 shares issued and 17,633,413 shares outstanding as of June 30,2025, and 19,392,340 shares issued and 17,326,531 shares outstanding asof December 31, 2024
1717
Additional paid-in capital
519,562518,208
Retained deficit
(470,411)(470,562)
Accumulated other comprehensive loss
(146,784)(173,432)
Total Cooper-Standard Holdings Inc. equity
(97,616)(125,769)
Noncontrolling interests
(7,766)(7,601)
Total equity
(105,382)(133,370)
Total liabilities and equity
$ 1,819,711$ 1,733,065
COOPER-STANDARD HOLDINGS INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
(Dollar amounts in thousands) Six Months Ended June 30,20252024
Operating activities:Net income (loss)
$ 129$ (107,491)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation
45,02749,070
Amortization of intangibles
3,3223,266
Pension settlement charge
—46,787
Share-based compensation expense
5,4814,862
Equity in earnings of affiliates, net of dividends related to earnings
(1,515)(1,995)
Payment-in-kind interest
—12,367
Deferred income taxes
2,496915
Other
2,4482,601
Changes in operating assets and liabilities
(87,819)(36,594)
Net cash used in operating activities
(30,431)(26,212)
Investing activities:Capital expenditures
(25,315)(28,077)
Proceeds from sale of businesses
2,558—
Other
—242
Net cash used in investing activities
(22,757)(27,835)
Financing activities:Principal payments on long-term debt
(1,412)(1,255)
Decrease in short-term debt, net
(1,259)(264)
Debt issuance costs and other fees
—(1,403)
Taxes withheld and paid on employees' share-based payment awards
(1,686)(571)
Net cash used in financing activities
(4,357)(3,493)
Effects of exchange rate changes on cash, cash equivalents and restricted cash
6,419(4,580)
Changes in cash, cash equivalents and restricted cash
(51,126)(62,120)
Cash, cash equivalents and restricted cash at beginning of period
178,697163,061
Cash, cash equivalents and restricted cash at end of period
$ 127,571$ 100,941
Reconciliation of cash, cash equivalents and restricted cash to the condensed consolidated balance sheets:Balance as ofJune 30, 2025December 31, 2024
Cash and cash equivalents
$ 121,620$ 170,035
Restricted cash included in other current assets
3,8437,590
Restricted cash included in other assets
2,1081,072
Total cash, cash equivalents and restricted cash
$ 127,571$ 178,697
Non-GAAP Financial Measures
EBITDA, adjusted EBITDA, adjusted EBITDA margin, adjusted net income (loss), adjusted earnings (loss) per share and free cash flow are measures not recognized under U.S. GAAP and which exclude certain non-cash and special items that may obscure trends and operating performance not indicative of the Company's core financial activities. Net new business is a measure not recognized under U.S. GAAP which is a representation of potential incremental future revenue but which may not fully reflect all external impacts to future revenue. Management considers EBITDA, adjusted EBITDA, adjusted EBITDA margin, adjusted net income (loss), adjusted earnings (loss) per share, free cash flow and net new business to be key indicators of the Company's operating performance and believes that these and similar measures are widely used by investors, securities analysts and other interested parties in evaluating the Company's performance. In addition, similar measures are utilized in the calculation of the financial covenants and ratios contained in the Company's financing arrangements and management uses these measures for developing internal budgets and forecasting purposes. EBITDA is defined as net income (loss) adjusted to reflect income tax expense (benefit), interest expense net of interest income, depreciation and amortization, and adjusted EBITDA is defined as EBITDA further adjusted to reflect certain items that management does not consider to be reflective of the Company's core operating performance. Adjusted net income (loss) is defined as net income (loss) adjusted to reflect certain items that management does not consider to be reflective of the Company's core operating performance. Adjusted EBITDA margin is defined as adjusted EBITDA as a percentage of sales. Adjusted basic and diluted earnings (loss) per share is defined as adjusted net income (loss) divided by the weighted average number of basic and diluted shares, respectively, outstanding during the period. Free cash flow is defined as net cash provided by operating activities minus capital expenditures and is useful to both management and investors in evaluating the Company's ability to service and repay its debt. Net new business reflects anticipated sales from formally awarded programs, less lost business, discontinued programs and replacement programs and is based on S&P Global (IHS Markit) forecast production volumes. The calculation of "net new business" does not reflect customer price reductions on existing programs and may be impacted by various assumptions embedded in the respective calculation, including actual vehicle production levels on new programs, foreign exchange rates and the timing of major program launches.
When analyzing the Company's operating performance, investors should use EBITDA, adjusted EBITDA, adjusted EBITDA margin, adjusted net income (loss), adjusted earnings (loss) per share, free cash flow and net new business as supplements to, and not as alternatives for, net income (loss), operating income, or any other performance measure derived in accordance with U.S. GAAP, and not as an alternative to cash flow from operating activities as a measure of the Company's liquidity. EBITDA, adjusted EBITDA, adjusted net income (loss), adjusted earnings (loss) per share, free cash flow and net new business have limitations as analytical tools and should not be considered in isolation or as substitutes for analysis of the Company's results of operations as reported under U.S. GAAP. Other companies may report EBITDA, adjusted EBITDA, adjusted EBITDA margin, adjusted net income (loss), adjusted earnings (loss) per share, free cash flow and net new business differently and therefore the Company's results may not be comparable to other similarly titled measures of other companies. In addition, in evaluating adjusted EBITDA and adjusted net income (loss), it should be noted that in the future the Company may incur expenses similar to or in excess of the adjustments in the below presentation. This presentation of adjusted EBITDA and adjusted net income (loss) should not be construed as an inference that the Company's future results will be unaffected by special items. Reconciliations of EBITDA, adjusted EBITDA, adjusted EBITDA margin, adjusted net income (loss) and free cash flow follow.
Reconciliation of Non-GAAP Financial Measures
EBITDA and Adjusted EBITDA
(Unaudited)
(Dollar amounts in thousands)The following table provides a reconciliation of EBITDA and adjusted EBITDA from net (loss) income:Three Months Ended June 30,Six Months Ended June 30,2025202420252024
Net (loss) income attributable to Cooper-StandardHoldings Inc.
$ (1,401)$ (76,243)$ 151$ (107,903)
Income tax expense
8,0818,08010,78412,211
Interest expense, net of interest income
28,71228,63557,33157,916
Depreciation and amortization
24,52125,87348,34952,336
EBITDA
$ 59,913$ (13,655)$ 116,615$ 14,560
Restructuring charges
2,85217,7814,96318,914
Gain on sale of businesses, net (1)
——(98)—
Pension settlement charge (2)
—46,787—46,787
Adjusted EBITDA
$ 62,765$ 50,913$ 121,480$ 80,261
Sales
$ 705,973$ 708,362$ 1,373,042$ 1,384,787
Net (loss) income margin
(0.2) %(10.8) %— %(7.8) %
Adjusted EBITDA margin
8.9 %7.2 %8.8 %5.8 %
(1)
Gain on sale of businesses related to divestiture in 2024.
(2)
One-time, non-cash pension settlement charge and administrative fees incurred related to the termination of our U.S. Pension Plan in 2024.
Adjusted Net Income (Loss) and Adjusted Net Income (Loss) Per Share
(Unaudited)
(Dollar amounts in thousands except per share and share amounts)The following table provides a reconciliation of net (loss) income to adjusted net income (loss) and the respective (loss) income per share amounts:Three Months Ended June 30,Six Months Ended June 30,2025202420252024
Net (loss) income attributable to Cooper-StandardHoldings Inc.
$ (1,401)$ (76,243)$ 151$ (107,903)
Restructuring charges
2,85217,7814,96318,914
Gain on sale of businesses, net (1)
——(98)—
Pension settlement charge (2)
—46,787—46,787
Tax impact of adjusting items (3)
(428)398(539)323
Adjusted net income (loss)
$ 1,023$ (11,277)$ 4,477$ (41,879)
Weighted average shares outstanding:Basic
17,882,36117,564,01517,797,93317,513,076
Diluted
17,882,36117,564,01518,058,00817,513,076
(Loss) income per share:Basic
$ (0.08)$ (4.34)$ 0.01$ (6.16)
Diluted
$ (0.08)$ (4.34)$ 0.01$ (6.16)
Adjusted income (loss) per share:Basic
$ 0.06$ (0.64)$ 0.25$ (2.39)
Diluted
$ 0.06$ (0.64)$ 0.25$ (2.39)
(1)
Gain on sale of businesses related to divestiture in 2024.
(2)
One-time, non-cash pension settlement charge and administrative fees incurred related to the termination of our U.S. Pension Plan in 2024.
(3)
Represents the elimination of the income tax impact of the above adjustments by calculating the income tax impact of these adjusting items using the appropriate tax rate for the jurisdiction where the charges were incurred and other discrete tax expense.
Free Cash Flow
(Unaudited)
(Dollar amounts in thousands)The following table defines free cash flow:Three Months Ended June 30,Six Months Ended June 30,2025202420252024
Net cash used in operating activities
$ (15,580)$ (12,013)$ (30,431)$ (26,212)
Capital expenditures
(7,772)(11,243)(25,315)(28,077)
Free cash flow
$ (23,352)$ (23,256)$ (55,746)$ (54,289)
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SOURCE Cooper Standard
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Gulfport Energy Reports Second Quarter 2025 Financial and Operating Results
OKLAHOMA CITY, August 05, 2025--(BUSINESS WIRE)--Gulfport Energy Corporation (NYSE: GPOR) ("Gulfport" or the "Company") today reported financial and operating results for the three months ended June 30, 2025. Key Highlights Expanding stock repurchase authorization by 50% to $1.5 billion, which supports the preferred stock redemption and continued common share repurchases Targeting accelerated stockholder returns through the redemption of all outstanding shares of Series A Convertible Preferred Stock Allocating $75 million - $100 million toward discretionary acreage acquisitions, potentially extending inventory runway by more than two years Second Quarter 2025 Delivered total net production of 1,006.3 MMcfe per day, an increase of 8% over first quarter 2025 and includes the impact of approximately 40 MMcfe per day from unplanned third-party midstream outages and constraints Produced total net liquids production of 19.2 MBbl per day, an increase of 26% over first quarter 2025 Incurred capital expenditures of $124.2 million Reported $184.5 million of net income and $212.3 million of adjusted EBITDA(1) Generated $231.4 million of net cash provided by operating activities and $64.6 million of adjusted free cash flow(1) Repurchased approximately 338.9 thousand shares for approximately $65.0 million Repurchased approximately 679.6 thousand shares for approximately $125.0 million during the first six months of 2025 Completed opportunistic discretionary acreage acquisitions totaling $6.9 million Turned to sales 14 gross wells, including 8 wells in Ohio targeting the Utica, 4 wells in Ohio targeting the Marcellus and 2 wells in the SCOOP John Reinhart, President and CEO, commented, "We are pleased to announce our plans to allocate $75 million to $100 million towards targeted discretionary acreage acquisition opportunities in the coming months and anticipate this investment will expand our high-quality, low-breakeven inventory by more than two years. This represents the highest level of leasehold investment at Gulfport in over six years, reinforcing our ongoing commitment to organically grow our inventory runway and increase development optionality." Reinhart continued, "With robust adjusted free cash flow forecasted and consistent with our ongoing commitment to shareholder returns, we announced the opportunistic redemption of all outstanding shares of preferred stock. This transaction, assuming cash redemption, accelerates common share retirements, simplifies our capital structure and further demonstrates our confidence in the attractive value proposition that Gulfport's equity represents. To support the redemption of the preferred stock and enable the Company to continue our ongoing repurchase program, we expanded our stock repurchase authorization by 50% to $1.5 billion. Our disciplined and consistent approach to share repurchases over the past four years has delivered value for our shareholders and we remain committed to returning substantially all our adjusted free cash flow, excluding discretionary acreage acquisitions, to shareholders through stock repurchases." Reinhart continued, "Production volumes during the quarter increased approximately 8% over the first quarter, reflecting strong well results despite approximately 40 MMcfe per day of unplanned midstream outages and constraints. These midstream impacts included infrastructure disruptions, processing plant outages and involuntary throughput reductions. While the majority of the production impacts have been mitigated, midstream capacity enhancement projects remain ongoing, and as a result, we currently forecast our full year 2025 total net production is trending toward the low end of our guidance range." "Offsetting these production constraints, we continue to be pleased with the 2025 well results, highlighted by strong production performance across all five of our development areas. The Kage development, a four-well Utica condensate pad in Harrison County, Ohio, continues to exhibit strong oil performance and under revised managed pressure flowback delivered approximately 65% more oil after 120 days than the nearby Gulfport development. In addition, the Company brought online a four-well Utica wet gas pad during the second quarter, currently producing at levels comparable to our Utica dry gas development on a volume equivalent basis but with enhanced cash flows and economics driven by the associated liquids production. This pad marks the first pad turned to sales as a product of our recent discretionary acreage acquisitions and reinforces the continued development of this high-return, rich gas area of the play for years to come," concluded Reinhart. A company presentation to accompany the Gulfport earnings conference call can be accessed by clicking here. A non-GAAP financial measure. Reconciliations of these non-GAAP measures and other disclosures are provided with the supplemental financial tables available on our website at Operational Update The table below summarizes Gulfport's operated drilling and completion activity for the second quarter of 2025: Quarter Ended June 30, 2025 Gross Net Lateral Length Spud Utica & Marcellus 4 4.0 15,100 SCOOP — — — Drilled Utica & Marcellus 7 7.0 15,100 SCOOP — — — Completed Utica & Marcellus 11 11.0 13,500 SCOOP — — — Turned-to-Sales Utica & Marcellus 12 12.0 13,300 SCOOP 2 1.8 11,500 Gulfport's net daily production for the second quarter of 2025 averaged 1,006.3 MMcfe per day, primarily consisting of 800.6 MMcfe per day in the Utica/Marcellus and 205.7 MMcfe per day in the SCOOP. Gulfport's net daily production for the second quarter of 2025 was negatively impacted by approximately 40 MMcfe per day due to unplanned third-party midstream outages and constraints. For the second quarter of 2025, Gulfport's net daily production mix was comprised of approximately 88% natural gas, 7% natural gas liquids ("NGL") and 5% oil and condensate. Three MonthsEnded June30, 2025 Three MonthsEnded June30, 2024 Production Natural gas (Mcf/day) 891,359 972,487 Oil and condensate (Bbl/day) 7,843 2,747 NGL (Bbl/day) 11,313 10,195 Total (Mcfe/day) 1,006,299 1,050,137 Average Prices Natural Gas: Average price without the impact of derivatives ($/Mcf) $ 2.97 $ 1.63 Impact from settled derivatives ($/Mcf) $ 0.22 $ 1.03 Average price, including settled derivatives ($/Mcf) $ 3.19 $ 2.66 Oil and condensate: Average price without the impact of derivatives ($/Bbl) $ 58.20 $ 76.51 Impact from settled derivatives ($/Bbl) $ 3.38 $ (1.08 ) Average price, including settled derivatives ($/Bbl) $ 61.58 $ 75.43 NGL: Average price without the impact of derivatives ($/Bbl) $ 27.91 $ 28.18 Impact from settled derivatives ($/Bbl) $ (0.26 ) $ (0.25 ) Average price, including settled derivatives ($/Bbl) $ 27.65 $ 27.93 Total: Average price without the impact of derivatives ($/Mcfe) $ 3.40 $ 1.99 Impact from settled derivatives ($/Mcfe) $ 0.21 $ 0.94 Average price, including settled derivatives ($/Mcfe) $ 3.61 $ 2.93 Selected operating metrics Lease operating expenses ($/Mcfe) $ 0.19 $ 0.17 Taxes other than income ($/Mcfe) $ 0.08 $ 0.07 Transportation, gathering, processing and compression expense ($/Mcfe) $ 0.94 $ 0.91 Recurring cash general and administrative expenses ($/Mcfe) (non-GAAP) $ 0.13 $ 0.12 Interest expenses ($/Mcfe) $ 0.15 $ 0.16 Capital Investment Capital investment was $124.2 million (on an incurred basis) for the second quarter of 2025, of which $118.2 million related to operated drilling and completion activity and $6.0 million related to maintenance leasehold and land investment. In addition, Gulfport invested approximately $6.9 million in discretionary acreage acquisitions and incurred approximately $0.3 million related to non-operated drilling and completion activities. For the six-month period ended June 30, 2025, capital investment was $284.0 million (on an incurred basis), of which $266.7 million related to operated drilling and completion activity and $17.2 million to maintenance leasehold and land investment. In addition, Gulfport invested approximately $6.9 million in discretionary acreage acquisitions and incurred approximately $1.5 million related to non-operated drilling and completion activities. Expanded Stock Repurchase Program Gulfport's board of directors recently expanded the Company's stock repurchase program and Gulfport is now authorized to repurchase up to $1.5 billion of its outstanding stock (including the redemption of its preferred stock) through December 31, 2026. Gulfport repurchased approximately 338.9 thousand shares of common stock at a weighted-average price of $191.80 during the second quarter of 2025, totaling approximately $65.0 million. As of June 30, 2025, the Company had repurchased approximately 6.2 million shares of common stock at a weighted-average share price of $113.48 since the program initiated in March 2022, totaling approximately $709.1 million in aggregate. The Company currently has approximately $790.9 million of remaining capacity under the expanded stock repurchase program. Any cash redemption of our outstanding preferred stock will reduce capacity under the stock repurchase program. Preferred Stock Redemption Notice Gulfport today announced that it will exercise its right to redeem all of its Series A Convertible Preferred Stock (the "Preferred Stock") for cash. The optional redemption will be effective on September 5, 2025, (the "Redemption Date"), with respect to any shares of the Preferred Stock that have not been converted prior to the Redemption Date and remain outstanding at that date. As of the close of business on August 4, 2025, there were 31,356 shares of Preferred Stock outstanding. Holders of the Preferred Stock should refer to Gulfport's Amended and Restated Certificate of Incorporation, specifically Exhibit A, for details regarding the optional redemption and conversion rights. Prior to the Redemption Date, holders may exercise their conversion rights by submitting the required notice via e-mail to preferredconversion@ The total cash amount payable by Gulfport in connection with the redemption will vary depending on the number of shares of Preferred Stock converted prior to the Redemption Date and the price of Gulfport's common stock. The redemption agent will be Computershare ("Computershare"). Holders can inquire about the redemption of the Preferred Stock by contacting Computershare by telephone at 781-575-2765 (toll free at 1-800-546-5141). Financial Position and Liquidity As of June 30, 2025, Gulfport had approximately $3.8 million of cash and cash equivalents, $55.0 million of borrowings under its revolving credit facility, $63.9 million of letters of credit outstanding and $650.0 million of outstanding 2029 senior notes. Gulfport's liquidity at June 30, 2025, totaled approximately $884.9 million, comprised of the $3.8 million of cash and cash equivalents and approximately $881.1 million of available borrowing capacity under its credit facility. Derivatives Gulfport enters into commodity derivative contracts on a portion of its expected future production volumes to mitigate the Company's exposure to commodity price fluctuations. For details, please refer to the "Derivatives" section provided with the supplemental financial tables available on our website at Second Quarter 2025 Conference Call Gulfport will host a teleconference and webcast to discuss its second quarter of 2025 results beginning at 9:00 a.m. ET (8:00 a.m. CT) on Wednesday, August 6, 2025. The conference call can be heard live through a link on the Gulfport website, In addition, you may participate in the conference call by dialing 866-373-3408 domestically or 412-902-1039 internationally. A replay of the conference call will be available on the Gulfport website and a telephone audio replay will be available from August 6, 2025 to August 20, 2025, by calling 877-660-6853 domestically or 201-612-7415 internationally and then entering the replay passcode 13754847. Financial Statements and Guidance Documents Second quarter of 2025 earnings results and supplemental information regarding quarterly data such as production volumes, pricing, financial statements and non-GAAP reconciliations are available on our website at Non-GAAP Disclosures This news release includes non-GAAP financial measures. Such non-GAAP measures should be not considered as an alternative to GAAP measures. Reconciliations of these non-GAAP measures and other disclosures are provided with the supplemental financial tables available on our website at About Gulfport Gulfport is an independent natural gas-weighted exploration and production company focused on the exploration, acquisition and production of natural gas, crude oil and NGL in the United States with primary focus in the Appalachia and Anadarko basins. Our principal properties are located in eastern Ohio targeting the Utica and Marcellus formations and in central Oklahoma targeting the SCOOP Woodford and SCOOP Springer formations. Forward-Looking Statements This press release includes "forward-looking statements" for purposes of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. These statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. In some cases, you can identify forward-looking statements by terms such as "may," "will," "should," "could," "would," "expects," "plans," "anticipates," "intends," "believes," "estimates," "projects," "predicts," "potential" and similar expressions intended to identify forward-looking statements. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that we expect or anticipate will or may occur in the future, including the expected impact of U.S. trade policy and its impact on broader economic conditions, the war in Ukraine and the conflict in the Middle East on our business, our industry and the global economy, estimated future production and net revenues from oil and gas reserves and the present value thereof, future capital expenditures (including the amount and nature thereof), share repurchases, business strategy and measures to implement strategy, competitive strength, goals, expansion and growth of our business and operations, plans, references to future success, reference to intentions as to future matters and other such matters are forward-looking statements. Gulfport believes the expectations and forecasts reflected in the forward-looking statements are reasonable, Gulfport can give no assurance they will prove to have been correct. They can be affected by inaccurate or changed assumptions or by known or unknown risks and uncertainties. Important risks, assumptions and other important factors that could cause future results to differ materially from those expressed in the forward-looking statements are described under "Risk Factors" in Item 1A of Gulfport's annual report on Form 10-K for the year ended December 31, 2024 and any updates to those factors set forth in Gulfport's subsequent quarterly reports on Form 10-Q or current reports on Form 8-K (available at Gulfport undertakes no obligation to release publicly any revisions to any forward-looking statements, to report events or to report the occurrence of unanticipated events. Investors should note that Gulfport announces financial information in SEC filings, press releases and public conference calls. Gulfport may use the Investors section of its website ( to communicate with investors. It is possible that the financial and other information posted there could be deemed to be material information. The information on Gulfport's website is not part of this filing. View source version on Contacts Investor Contact: Jessica Antle – Vice President, Investor Relationsjantle@ 405-252-4550 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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HP Inc. to Announce Third Quarter Fiscal 2025 Earnings on Aug 27, 2025
PALO ALTO, Calif., Aug. 05, 2025 (GLOBE NEWSWIRE) -- HP Inc. (NYSE: HPQ) will present a live audio webcast of a conference call to review financial results for the third fiscal quarter ended July 31, 2025 on Wednesday, Aug 27, 2025 at 5:00 p.m. ET / 2:00 p.m. PT. The webcast will be available at A replay of the audio webcast will be available at the same website shortly after the call and will remain available for approximately one year. About HP Inc. (NYSE: HPQ) is a global technology leader and creator of solutions that enable people to bring their ideas to life and connect to the things that matter most. Operating in more than 170 countries, HP delivers a wide range of innovative and sustainable devices, services and subscriptions for personal computing, printing, 3D printing, hybrid work, gaming, and more. For more information, please visit: HP Inc. Media RelationsMediaRelations@ HP Inc. Investor RelationsInvestorRelations@ al recuperar los datos Inicia sesión para acceder a tu cartera de valores Error al recuperar los datos Error al recuperar los datos Error al recuperar los datos Error al recuperar los datos
