GULFPORT ENERGY CORP
Business
Gulfport Energy Corp is an independent exploration and production company focused on natural gas-weighted reserves in unconventional shale formations. The company develops crude oil, natural gas, and natural gas liquids from the Utica, Marcellus, SCOOP, Woodford, and Springer formations across Appalachia and central Oklahoma. Operations are divided between two primary regions: Utica/Marcellus in eastern Ohio and SCOOP in central Oklahoma, with a strategic focus on converting proved undeveloped reserves and generating free cash flow through efficient development.
Summary from 10-K filed 2026-02-25
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2020 2020-12-31 |
|---|---|---|---|---|---|---|
| Net gain on natural gas, oil and NGL derivatives | 99 | 30 | 740 | −1,000 | 65 | |
| Total revenues | 1,423 | 958 | 1,792 | 1,331 | 867 | |
| Lease operating expenses | 84 | 70 | 69 | 65 | 54 | |
| Taxes other than income | 30 | 30 | 34 | 60 | 29 | |
| Transportation, gathering, processing and compression | 359 | 351 | 349 | 357 | 456 | |
| Depreciation, depletion and amortization | 304 | 326 | 320 | 268 | 240 | |
| Impairment of oil and natural gas properties | 0 | 373 | 0 | 0 | 1,400 | |
| General and administrative expenses | 42 | 43 | 39 | 35 | 59 | |
| Restructuring costs | 0 | 0 | 5 | 0 | 31 | |
| Accretion expense | 2 | 2 | 3 | 3 | 3 | |
| Total operating expenses | 822 | 1,195 | 817 | 788 | 2,229 | |
| INCOME (LOSS) FROM OPERATIONS | 600 | −237 | 975 | 543 | −1,363 | |
| Interest expense | 54 | 60 | 57 | 60 | — | |
| Loss on debt extinguishment | 0 | 13 | 0 | 0 | −50 | |
| Other, net | 3 | 7 | −28 | −11 | 21 | |
| Total other expense | 57 | 81 | 29 | 48 | 255 | |
| INCOME (LOSS) BEFORE INCOME TAXES | 543 | −317 | 946 | 495 | −1,618 | |
| Current | 0 | 0 | 0 | 0 | — | |
| Deferred | 115 | −56 | −525 | 0 | — | |
| Total income tax expense (benefit) | 116 | −56 | −525 | 0 | 7 | |
| NET INCOME (LOSS) | 428 | −261 | 1,471 | 495 | −1,625 | |
| Dividends on preferred stock | −2 | −4 | −5 | −5 | 0 | |
| Deemed dividend on preferred stock | −30 | 0 | 0 | — | — | |
| Participating securities - preferred stock | 0 | 0 | −212 | −76 | 0 | |
| NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS | 396 | −266 | 1,254 | 413 | −1,625 | |
| Basic (in dollars per share) | 21.74 | −14.72 | 67.24 | 20.45 | −10.14 | |
| Diluted (in dollars per share) | 21.48 | −14.72 | 66.46 | 20.32 | −10.14 | |
| Weighted average common shares outstanding - Basic (shares) | 18 | 18 | 19 | 20 | 160 | |
| Weighted average common shares outstanding - Diluted (shares) | 18 | 18 | 19 | 20 | 160 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 2 | 1 | 2 | 7 | 3 | |
| Accounts receivableoil, natural gas, and natural gas liquids sales | 185 | 156 | 123 | 278 | 233 | |
| Accounts receivablejoint interest and other | 9 | 9 | 22 | 21 | 20 | |
| Prepaid expenses and other current assets | 8 | 7 | 17 | 8 | 12 | |
| Short-term derivative instruments | 45 | 58 | 233 | 88 | 5 | |
| Total current assets | 249 | 231 | 397 | 402 | 274 | |
| Proved oil and natural gas properties | 3,903 | 3,350 | 2,905 | 2,419 | 1,918 | |
| Unproved properties | 233 | 222 | 204 | 179 | 211 | |
| Other property and equipment | 13 | 11 | 9 | 6 | 5 | |
| Total property and equipment | 4,149 | 3,583 | 3,118 | 2,604 | 2,134 | |
| Less: accumulated depletion, depreciation, amortization and impairment | −1,868 | −1,564 | −866 | −546 | −278 | |
| Total property and equipment, net | 2,280 | 2,018 | 2,252 | 2,058 | 1,856 | |
| Long-term derivative instruments | 15 | 6 | 48 | 27 | 19 | |
| Deferred tax asset | 466 | 581 | 525 | 0 | — | |
| Operating lease assets | 561,000 | 6 | 14 | 27 | 322,000 | |
| Other assets | 19 | 23 | 31 | 21 | 20 | |
| Total other assets | 501 | 616 | 619 | 74 | 39 | |
| Total assets | 3,030 | 2,866 | 3,268 | 2,534 | 2,168 | |
| Accounts payable and accrued liabilities | 342 | 298 | 310 | 437 | 394 | |
| Short-term derivative instruments | 22 | 42 | 22 | 344 | 241 | |
| Current portion of operating lease liabilities | 550,000 | 6 | 13 | 12 | 182,000 | |
| Total current liabilities | 365 | 346 | 344 | 793 | 635 | |
| Long-term derivative instruments | 9 | 35 | 19 | 118 | 185 | |
| Asset retirement obligation | 33 | 33 | 30 | 33 | 28 | |
| Non-current operating lease liabilities | 10,000 | 561,000 | 1 | 14 | 140,000 | |
| Long-term debt | 788 | 703 | 667 | 694 | 713 | |
| Total non-current liabilities | 830 | 771 | 717 | 860 | 926 | |
| Total liabilities | 1,195 | 1,117 | 1,062 | 1,653 | 1,561 | |
| Commitments and contingencies (Notes 17 and 18) | — | — | — | — | — | |
| Preferred stock - $0.0001 par value, 110.0 thousand shares authorized, 0 issued and outstanding at December 31, 2025, and 37.3 thousand issued and outstanding at December 31, 2024 | 0 | 37 | 44 | 52 | 58 | |
| Common stock - $0.0001 par value, 42.0 million shares authorized, 18.8 million issued and outstanding at December 31, 2025, and 17.8 million issued and outstanding at December 31, 2024 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | |
| Additional paid-in capital | 0 | 129 | 316 | 449 | 693 | |
| Retained earnings | 1,835 | 1,582 | 1,848 | 382 | −113 | |
| Total stockholders equity | 1,835 | 1,711 | 2,162 | 829 | 549 | |
| Total liabilities, mezzanine equity and stockholders equity | 3,030 | 2,866 | 3,268 | 2,534 | 2,168 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2020 2020-12-31 |
|---|---|---|---|---|---|---|
| Net gain on derivative instruments | −99 | −30 | −740 | 1,000 | −65 | |
| Net cash receipts on settled derivative instruments | 56 | 283 | 152 | −1,054 | 159 | |
| Stock-based compensation expense | 12 | 11 | 9 | 6 | — | |
| Other, net | 9 | 6 | 8 | 6 | 32 | |
| Changes in operating assets and liabilities, net | −22 | −15 | 29 | 19 | 7 | |
| Net cash provided by operating activities | 803 | 650 | 723 | 739 | 95 | |
| Additions to oil and natural gas properties | −528 | −454 | −537 | −461 | −367 | |
| Proceeds from sale of oil and natural gas properties | 150,000 | 225,000 | 3 | 3 | 51 | |
| Other, net | −2 | −2 | −3 | −875,000 | 2 | |
| Net cash used in investing activities | −529 | −456 | −537 | −458 | −315 | |
| Issuance of 2029 Senior Notes | 0 | 650 | 0 | 0 | — | |
| Early retirement of 2026 Senior Notes | −26 | −524 | 0 | 0 | — | |
| Premium paid on 2026 Senior Notes | 0 | −13 | 0 | 0 | — | |
| Debt issuance costs and loan commitment fees | −35,000 | −15 | −7 | −234,000 | −3 | |
| Dividends on preferred stock | −2 | −4 | −5 | −5 | 0 | |
| Redemption of preferred stock | −32 | 0 | 0 | — | — | |
| Net cash payments on performance vesting restricted stock units | −12 | 0 | 0 | — | — | |
| Shares exchanged for tax withholdings | −6 | −24 | −3 | −2 | — | |
| Other, net | −9,000 | −3,000 | −4,000 | 0 | −2 | |
| Net cash used in financing activities | −274 | −194 | −191 | −277 | 303 | |
| Net change in cash and cash equivalents | 340,000 | −456,000 | −5 | 4 | 84 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is GULFPORT ENERGY CORP's CIK number?
GULFPORT ENERGY CORP's SEC CIK number is 0000874499 (874499). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find GULFPORT ENERGY CORP's SEC filings?
All of GULFPORT ENERGY CORP's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did GULFPORT ENERGY CORP last report earnings?
GULFPORT ENERGY CORP (GPOR) most recently filed an earnings 8-K with the SEC on May 5, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001213900-26-052198). This is GULFPORT ENERGY CORP's most recent earnings filing of record — not a forecast of its next earnings date.
What is GULFPORT ENERGY CORP's most recent earnings 8-K?
GULFPORT ENERGY CORP's latest earnings 8-K (Item 2.02) was filed May 5, 2026 under accession 0001213900-26-052198. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View GULFPORT ENERGY CORP's latest earnings 8-K →
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