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GPOR

Gulfport Energy Corporation

GPOR

Gulfport Energy Corporation • NYSE
$222.49 ▲ 1.79% (+3.91)
Market Cap $3.98 B
52w High $224.09
52w Low $153.27
Dividend Yield 0%
P/E -397.3
Volume 176.06K
Outstanding Shares 17.88M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $307.641M ▼ $36.769M ▲ $111.393M ▼ 36.209% ▼ $6.15 ▼ $240.206M ▼
Q2-2025 $311.515M ▼ $-30.524M ▼ $184.466M ▲ 59.216% ▲ $9.21 ▲ $321.886M ▲
Q1-2025 $343.582M ▲ $245.663M ▼ $-464K ▲ -0.135% ▲ $-0.07 ▲ $76.72M ▲
Q4-2024 $284.833M ▲ $496.233M ▲ $-273.242M ▼ -95.931% ▼ $-15.4 ▼ $-235.773M ▼
Q3-2024 $215.946M $100.316M $-13.967M -6.468% $-0.83 $79.875M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $3.367M ▼ $2.935B ▼ $1.101B ▼ $1.834B ▲
Q2-2025 $3.794M ▼ $2.959B ▲ $1.162B ▼ $1.797B ▲
Q1-2025 $5.342M ▲ $2.948B ▲ $1.259B ▲ $1.688B ▼
Q4-2024 $1.473M ▼ $2.866B ▼ $1.117B ▲ $1.749B ▼
Q3-2024 $3.22M $3.178B $1.078B $2.1B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $111.393M ▼ $209.078M ▼ $-130.258M ▲ $-79.247M ▲ $-427K ▲ $79.179M ▼
Q2-2025 $184.466M ▲ $231.403M ▲ $-145.188M ▼ $-87.763M ▼ $-1.548M ▼ $86.634M ▲
Q1-2025 $-464K ▲ $177.28M ▲ $-108.777M ▼ $-64.634M ▲ $3.869M ▲ $69.049M ▼
Q4-2024 $-273.242M ▼ $148.848M ▼ $-76.942M ▲ $-73.653M ▼ $-1.747M ▼ $71.66M ▲
Q3-2024 $-13.967M $189.698M $-132.553M $-55.158M $1.987M $57.639M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Natural gas liquid sales
Natural gas liquid sales
 $60.00M ▲$30.00M ▼$30.00M ▲$40.00M ▲
Natural Gas Production
Natural Gas Production
 $370.00M ▲$280.00M ▼$240.00M ▼$240.00M ▲
Oil and Condensate
Oil and Condensate
 $50.00M ▲$30.00M ▼$40.00M ▲$40.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Gulfport’s income statement shows a classic commodity cycle story. Revenue grew strongly into the early 2020s and peaked, then fell back as prices and differentials moved against them. Profitability followed the same pattern: very strong earnings in the middle of the period, but swinging back to a loss in the most recent year. Margins have tightened meaningfully, with operating profit sliding from healthy levels to a noticeable loss, and net income turning negative again. The fact that cash earnings (EBITDA) stayed slightly positive while reported profit dropped suggests non‑cash charges, lower pricing, or mix effects are weighing on accounting results. Overall, earnings are clearly volatile and highly sensitive to gas and liquids prices rather than showing a smooth growth trajectory.

Balance Sheet

Balance Sheet The balance sheet today looks far healthier than it did at the start of the period. Equity has moved from a deficit into a solid positive position, reflecting past recapitalization and several profitable years. Total assets have gradually increased, pointing to continued investment in the asset base. Debt has been kept relatively stable in recent years and appears moderate compared with the size of the business and its equity, which points to a more balanced capital structure than in the past. However, cash on hand is very thin, which means the company relies heavily on ongoing cash generation and credit access rather than a large cash cushion. In short, solvency looks much improved, but day‑to‑day liquidity is something to watch in a downturn.

Cash Flow

Cash Flow Cash flow is a relative bright spot. Operating cash generation has been consistently solid since 2021, even in years when accounting profit moved around a lot. This indicates that the underlying operations are throwing off cash, and that reported earnings swings are partly driven by non‑cash items. Free cash flow has been positive for several years in a row after capital spending, suggesting Gulfport is funding its drilling program from its own operations rather than relying heavily on new borrowing. Capital expenditures have been fairly steady, pointing to a disciplined, “maintain and optimize” investment approach rather than aggressive, debt‑funded expansion. This pattern supports their narrative of disciplined capital allocation and the ability to return capital when conditions allow.

Competitive Edge

Competitive Edge Gulfport is positioned as a low‑cost natural gas and liquids producer with concentrated exposure to attractive U.S. basins, particularly the Utica and Marcellus in Appalachia and key plays in Oklahoma. Its focus on driving down drilling and completion costs, improving well performance, and tightly managing capital helps it stay competitive when prices are volatile. The company’s strengths lie in its cost efficiency, high‑quality acreage, and operational discipline. Its size, however, is modest compared with the largest integrated and independent producers, so it does not have the same diversification or bargaining power. Concentration in a few basins, and heavy exposure to gas and liquids prices, remain structural risks. Stronger ESG practices and certifications add some differentiation, particularly for capital providers and partners that care about emissions and environmental performance.

Innovation and R&D

Innovation and R&D Gulfport’s “R&D” is mainly about process and operational innovation rather than lab research, but it appears meaningful. The company has been steadily refining its drilling and completion techniques, significantly lowering well costs per foot and speeding up drilling times. Record completion efficiency and advanced well designs, such as the “U‑development” approach in the Utica, show a willingness to experiment and then scale what works. They are also using data and analytics to optimize production and costs, and have made visible progress in lowering methane intensity and expanding water recycling. Converting pneumatic devices to cleaner alternatives reinforces this gradual, practical ESG and efficiency focus. Altogether, Gulfport seems to treat innovation as a core operating discipline aimed at lower costs, better recovery, and a smaller environmental footprint, rather than as a separate, high‑profile R&D program.

Summary

Gulfport today is a leaner, more disciplined gas‑weighted producer than it was earlier in the decade. It has moved from a stressed balance sheet to a more stable equity position, kept debt at a manageable level, and generated steady operating and free cash flow over several years. At the same time, its income statement reminds you that this is a cyclical, commodity‑driven business: profits can be very strong in good years and swing back to losses when prices or differentials move against it. The company’s strategy centers on being among the lowest‑cost operators in its core basins, backing that up with continuous efficiency improvements, new well designs, and tighter capital discipline. Its ESG and emissions‑reduction work provide an additional, if softer, competitive edge. Key risks remain tied to commodity price volatility, regional basis differentials, regulatory pressures, and relatively thin cash balances. Overall, Gulfport appears to be a more resilient operator than in the past, but its fortunes are still closely tied to the broader natural gas and liquids cycle.

NEWS

November 4, 2025 · 4:01 PM UTC

Gulfport Energy Reports Third Quarter 2025 Financial and Operating Results

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October 21, 2025 · 5:00 PM UTC

Gulfport Energy Schedules Third Quarter 2025 Earnings Release and Conference Call

Read more