After emerging from bankruptcy in May with a new management team, Gulfport Energy Corp. has overhauled its operations with a focus on capital discipline, free cash flow (FCF) generation and investor returns over production growth. 

Gulfport Energy

The company wiped $1.2 billion of debt from its balance sheet during the restructuring and it’s now focused on sustainability, interim CEO Tim Cutt said during the company’s first earnings call since emerging from bankruptcy. Cutt, who formerly served as CEO of QEP Resources Inc. before it was acquired by Diamondback Energy Inc., was named chairman. He’s joined at Gulfport by William Buese, QEP’s former CFO, who will assume the same role.

“We remain keenly focused on reducing our corporate overhead and as a result we recently flattened our...