olivLaw · US equity research
Gulfport Energy Corporation GPOR
Crude Petroleum & Natural Gas · SIC 1311 · Vertical: Crude Petroleum & Natural Gas (SIC 1311)
Gulfport Energy is an independent natural gas-weighted producer with assets in the Appalachia and Anadarko basins, focused on the Utica and Marcellus formations in eastern Ohio. Proved reserves at year-end 2025 reached 4.3 Tcfe, and net production in the second quarter of 2026 averaged 962.8 MMcfe per day, amid high volatility in natural gas prices.
The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).
At the close of 05 Nov 2026, Gulfport Energy Corporation (GPOR) stock was 155.08 USD (−2.53% on the day), with market capitalisation 2.7 bn USD, P/E 6.0 on diluted EPS of 25.98 USD over the last 12 months, beta 0.53, 52-week range 150.19–222.49 USD. Latest reported quarter (Q3 2026): revenue of 362.5 m USD (−4.5% YoY), net income of 96.4 m USD (−13.5% YoY), diluted EPS 5.45 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
Loading chart…
Technical reading
- RSI (14)
- 38.2
- weak (30–45)
- Bollinger (20, 2)
- 156.97 – 171.22
- below the lower band · %B -0.13 · band width 8.7%
- SMA 50 / 200
- 165.51 / 178.53
- downtrend (price < SMA50 < SMA200)
- MACD (12, 26, 9)
- -0.40 / 0.25
- MACD below signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | −3.8% | −5.9% | +2.1 pp | — |
| 3 months | −2.1% | −4.6% | +2.5 pp | — |
| 6 months | −13.3% | +0.2% | −13.5 pp | — |
| Year to date | −25.4% | +7.4% | −32.9 pp | — |
| 1 year | −21.2% | +8.2% | −29.4 pp | +13.3% |
| 3 years | +21.1% | +68.4% | −47.4 pp | −4.7% |
| 5 years | +89.5% | +56.5% | +32.9 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q3 2026 · 30 Sept 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 239.9 m | 197.0 m | 447.6 m | 379.7 m | 398.2 m | 437.5 m | 323.2 m | 362.5 m |
| Cost of revenue | 88.2 m | 82.9 m | 86.5 m | 96.4 m | 93.2 m | 90.6 m | 84.6 m | 99.3 m |
| Operating income | -315.0 m | 12.0 m | 250.8 m | 159.0 m | 178.7 m | 227.6 m | 127.1 m | 140.8 m |
| Depreciation & amortisation | 84.3 m | 65.6 m | 73.6 m | 83.2 m | 81.7 m | 75.4 m | 73.1 m | 85.3 m |
| Interest expense | 14.0 m | 13.4 m | 13.7 m | 13.6 m | 13.6 m | 15.4 m | 15.8 m | 17.3 m |
| Pre-tax income | -332.8 m | -640.0 k | 236.1 m | 142.8 m | 165.0 m | 210.5 m | 111.1 m | 122.8 m |
| Income tax | -59.5 m | -176.0 k | 51.7 m | 31.4 m | 32.6 m | 44.7 m | 24.0 m | 26.4 m |
| Net income | -273.2 m | -464.0 k | 184.5 m | 111.4 m | 132.4 m | 165.8 m | 87.1 m | 96.4 m |
| Diluted EPS | -16.25 ≈ | -0.07 | 9.12 | 4.45 | 6.81 ≈ | 8.87 | 4.85 | 5.45 |
| Operating cash flow | 148.8 m | 177.3 m | 231.4 m ≈ | 209.1 m ≈ | 185.4 m | 292.9 m | 149.9 m ≈ | 183.6 m ≈ |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 67 percentile of its own 12-quarter history (min 1.1, median 3.5, max 11.6; quarters with earnings only).
Fiscal years
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1.3 bn | 1.6 bn | 1.6 bn | 866.5 m | 1.3 bn | 1.8 bn | 958.1 m | 1.4 bn |
| Revenue YoY | +242.1% | +17.5% | +0.7% | −44.6% | unavailable | +34.6% | −46.5% | +48.5% |
| Net income | 435.2 m | 430.6 m | -2.0 bn | -1.6 bn | 494.7 m | 1.5 bn | -261.4 m | 427.8 m |
| Net income YoY | unavailable | −1.1% | −565.1% | unavailable | unavailable | +197.3% | −117.8% | unavailable |
| Diluted EPS | 2.41 | 2.45 | -12.49 | -10.14 | 20.32 | 66.46 | -14.72 | 21.48 |
| Diluted EPS YoY | unavailable | +1.7% | −609.8% | unavailable | unavailable | +227.1% | −122.1% | unavailable |
| net % | 33.0% | 27.7% | -128.1% | -187.5% | 37.2% | 82.1% | -27.3% | 30.1% |
| Free cash flow | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable |
Reported results vs expectations
Loading…
Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 1.8 m USD
- Financial debt
- 788.2 m USD
- Net debt
- 786.4 m USD
- Equity
- 1.8 bn USD
- Total assets
- 3.0 bn USD
- Debt / equity
- 0.43x
- Current ratio
- 0.68x
- ROE
- 24.1%
- ROA
- 14.5%
- FCF margin
- unavailable
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2019 | 2020 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 1.6 bn | 866.5 m | 1.3 bn | 1.8 bn | 958.1 m | 1.4 bn | SEC (XBRL)· 25 Feb 2026verified |
| Cost of revenue | 508.8 m | 456.3 m | 357.2 m | 348.6 m | 351.2 m | 358.9 m | SEC (XBRL)· 25 Feb 2026verified |
| Gross profit | 1.1 bn ≈ | 410.2 m ≈ | 973.9 m ≈ | 1.4 bn ≈ | 606.9 m ≈ | 1.1 bn ≈ | SEC (XBRL)· 25 Feb 2026derived |
| Operating income | -1.7 bn | -1.4 bn | 543.1 m | 974.8 m | -236.8 m | 600.4 m | SEC (XBRL)· 25 Feb 2026verified |
| Depreciation & amortisation | 550.1 m | 239.7 m | 267.8 m | 319.7 m | 325.7 m | 304.2 m | SEC (XBRL)· 25 Feb 2026verified |
| EBITDA | -1.2 bn ≈ | -1.1 bn ≈ | 810.9 m ≈ | 1.3 bn ≈ | 89.0 m ≈ | 904.6 m ≈ | SEC (XBRL)· 25 Feb 2026derived |
| Interest expense | 141.8 m | 120.1 m | 59.8 m | 57.1 m | 60.0 m | 54.3 m | SEC (XBRL)· 25 Feb 2026verified |
| Pre-tax income | -2.0 bn | -1.6 bn | 494.7 m | 945.8 m | -317.5 m | 543.3 m | SEC (XBRL)· 25 Feb 2026verified |
| Income tax | -7.6 m | 7.3 m | 0 | -525.2 m | -56.1 m | 115.5 m | SEC (XBRL)· 25 Feb 2026verified |
| Net income | -2.0 bn | -1.6 bn | 494.7 m | 1.5 bn | -261.4 m | 427.8 m | SEC (XBRL)· 25 Feb 2026verified |
| Diluted EPS | -12.49 | -10.14 | 20.32 | 66.46 | -14.72 | 21.48 | SEC (XBRL)· 25 Feb 2026verified |
| Weighted average diluted shares | 160.3 m | 160.2 m | 20.3 m | 18.9 m | 18.1 m | 18.4 m | SEC (XBRL)· 25 Feb 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Revenue − Cost of revenue; Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2019 | 2020 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 6.1 m | 89.9 m | 7.3 m | 1.9 m | 1.5 m | 1.8 m | SEC (XBRL)· 25 Feb 2026verified |
| Receivables | 121.2 m | 119.9 m | 278.4 m | 122.5 m | 155.9 m | 184.6 m | SEC (XBRL)· 25 Feb 2026verified |
| Current assets | 305.9 m | 409.8 m | 402.3 m | 396.8 m | 231.3 m | 248.9 m | SEC (XBRL)· 25 Feb 2026verified |
| Property, plant & equipment, net | 3.5 bn | 2.1 bn | 2.1 bn | 2.3 bn | 2.0 bn | 2.3 bn | SEC (XBRL)· 25 Feb 2026verified |
| Total assets | 3.9 bn | 2.5 bn | 2.5 bn | 3.3 bn | 2.9 bn | 3.0 bn | SEC (XBRL)· 25 Feb 2026verified |
| Accounts payable | 415.2 m | 244.9 m | 37.8 m | 43.5 m | 34.7 m | 53.1 m | SEC (XBRL)· 25 Feb 2026verified |
| Short-term debt | 631.0 k | 253.7 m | 0 | 0 | 0 | 0 | SEC (XBRL)· 25 Feb 2026verified |
| Long-term debt | 2.0 bn | 0 | 694.2 m | 667.4 m | 702.9 m | 788.2 m | SEC (XBRL)· 25 Feb 2026verified |
| Current liabilities | 451.2 m | 510.3 m | 793.3 m | 344.5 m | 345.5 m | 364.8 m | SEC (XBRL)· 25 Feb 2026verified |
| Total liabilities | 2.6 bn | 2.8 bn | 1.7 bn | 1.1 bn | 1.1 bn | 1.2 bn | SEC (XBRL)· 25 Feb 2026verified |
| Equity | 1.3 bn † | -300.5 m † | 828.8 m † | 2.2 bn † | 1.7 bn † | 1.8 bn † | SEC (XBRL)· 25 Feb 2026verified |
† equity attributable to the parent's shareholders: in these years the issuer no longer reports the total including non-controlling interests.
Cash flow · USD
| Line | 2019 | 2020 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 724.0 m | 95.3 m | 739.1 m | 723.2 m | 650.0 m | 803.2 m | SEC (XBRL)· 25 Feb 2026verified |
| Investing cash flow | -674.8 m | -314.6 m | -458.3 m | -537.2 m | -456.0 m | -529.2 m | SEC (XBRL)· 25 Feb 2026verified |
| Financing cash flow | -95.5 m | 303.1 m | -276.8 m | -191.3 m | -194.5 m | -273.7 m | SEC (XBRL)· 25 Feb 2026verified |
| Share repurchases | 30.0 m | 0 | 250.5 m | — | — | — | SEC (XBRL)· 01 Mar 2023verified |
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
Risk
Valuation
olivLaw classification
Score: 60 / 100
A scoring methodology on indicators and valuation, not investment advice.
Closing price
05 Nov 2026Source: olivLaw, closing series
Market cap: 2.7 bn USD
Key indicators
Coverage and freshness
Score by group
- Quality90
- Growth16
- Balance sheet53
- Valuation77
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 149.46 – 283.11 USD.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)unavailable · input data missing
- Peers: EV/EBITDA149.46 – 260.71 (Mid 220.31)11 companies used · median multiple 4.9x · quartiles 3.7x – 5.7xAPA, CHRD, CRK, DEC, EOG, EQT, EXE, FANG, MTDR, OVV, TALO
- Peers: P/E188.00 – 283.11 (Mid 221.30)18 companies used · median multiple 8.5x · quartiles 7.2x – 10.9xAMPY, APA, CHRD, CKX, CRK, DEC, DVN, EOG, EQT, EXE, KRP, MTDR, OVV, OXY, PR, SD, SM, WDS
- Dividend discount (DDM)unavailable · the company pays no dividend: a dividend model needs an explicit initiation assumption
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Neutral profile · Score 60/100
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | 19.5% | 90 (vs peers) | 14% |
| Net margin · Quality | 31.7% | 89 (vs peers) | 8% |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | 2.2% | 19 (on a fixed band) | 11% |
| EPS CAGR 3Y · Growth | 1.9% | 12 (on a fixed band) | 11% |
| Net debt / EBITDA · Balance sheet | 1.1x | 46 (vs peers) | 14% |
| Interest coverage · Balance sheet | 10.9x | 100 (on a fixed band) | 8% |
| Current ratio · Balance sheet | 0.8x | 0 (on a fixed band) | 6% |
| P/E (TTM) · Valuation | 6.0x | 86 (vs peers) | 14% |
| EV/EBITDA · Valuation | 3.8x | 69 (vs peers) | 14% |
| FCF yield · Valuation | unavailable | unavailable | — |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet53/100 · 3/3 factors with a value
- Growth16/100 · 2/2 factors with a value
- Quality90/100 · 2/3 factors with a value
- Returns· partialunavailable · 0/2 factors with a value
- Valuation77/100 · 2/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
Gulfport Energy Corp (GPOR). Latest full fiscal year: 2025; data up to 2026-09-30.
Figures computed from the financial statements: revenue 1.4 bn USD in 2025; YoY growth 48.5%; net margin 31.7%; ROE 25.9%; net debt/EBITDA 1.1x.
The estimated value range is 168.73–271.91 USD per share (median of 2 methods, agreement: same basis (multiples on one peer group, not independent confirmations)); assumptions are illustrative. Against the central value of 220.81 USD, the price of 155.08 USD leaves a potential of 42.4% (value / price − 1) and a margin of safety of 29.8% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
olivLaw score 60/100, methodological classification: neutral profile (score, margin of safety and method agreement together; not a judgement of the right price). Groups assessed only in part: returns. Not investment advice.
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- ROIC: 19.5%
- Net margin: 31.7%
- Interest coverage: 10.9x
- P/E (TTM): 6.0x
- The price is below the estimated value range
What contradicts it
- Revenue CAGR 3Y: 2.2%
- EPS CAGR 3Y: 1.9%
- Current ratio: 0.8x
Not assessed (insufficient data or a ratio without meaning): FCF conversion, FCF yield, Shareholder yield (distributions), Payout ratio (FCF).
Versus the vertical median
Crude Petroleum & Natural Gas (SIC 1311) · same industry (4-digit SIC) · compared with 39 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| SHELShell plc | 569.7 bn | 31.9 | 10.1% | 6.7% | −6.1% | +36% / +52% |
| EOGEog Resources, Inc. | 75.1 bn | 9.4 | 25.8% | 27.5% | −4.5% | +34% / +18% |
| OXYOccidental Petroleum Corporation | 56.3 bn | 8.5 | 18.9% | 33.7% | −1.9% | +34% / −5% |
| FANGDiamondback Energy, Inc. | 50.1 bn | 24.5 | 5.3% | 11.0% | +35.8% | +18% / +16% |
| DVNDevon Energy Corp | 47.2 bn | 10.2 | 11.5% | 16.7% | +7.8% | +16% / −5% |
| WDSWoodside Energy Group Ltd | 40.8 bn | 15.1 | 7.6% | 20.9% | −1.5% | +31% / +5% |
| EQTEqt Corporation | 31.7 bn | 12.0 | 10.9% | 28.4% | +63.9% | −17% / +27% |
| EXEExpand Energy Corporation | 19.7 bn | 7.4 | 14.6% | 19.8% | +186.3% | −30% / +6% |
| PRPermian Resources Corporation | 17.9 bn | 11.1 | 14.3% | 25.0% | +1.3% | +47% / +62% |
| OVVOvintiv Inc. | 16.4 bn | 12.3 | 12.1% | 12.8% | −2.7% | +49% / +37% |
| APAApa Corporation | 14.6 bn | 7.1 | 33.0% | — | unavailable | +74% / +21% |
| CHRDChord Energy Corporation | 7.0 bn | 8.3 | 11.0% | 13.4% | −7.1% | +41% / −18% |
| SMSm Energy Co | 7.0 bn | 7.2 | 15.0% | 13.7% | +17.2% | +56% / −21% |
| MTDRMatador Resources Company | 6.2 bn | 8.6 | 12.8% | 19.9% | +5.5% | +18% / −14% |
| CRKComstock Resources, Inc. | 3.9 bn | 9.2 | 16.9% | 19.8% | +77.0% | −50% / +35% |
| GPORGulfport Energy Corp | 2.7 bn | 6.0 | 25.9% | 31.7% | +48.5% | −21% / +21% |
| TALOTalos Energy Inc. | 2.4 bn | — | -18.1% | -18.4% | −9.8% | +28% / +5% |
| KOSKosmos Energy Ltd. | 1.3 bn | — | -58.8% | -27.4% | −23.1% | +96% / −68% |
| DECDiversified Energy Company | 905.2 m | 16.0 | 11.0% | 4.9% | +141.5% | −15% / +1,373% |
| TXOTXO Partners, L.P. | 703.1 m | — | — | -20.5% | +41.8% | +2% / −31% |
| AESIAtlas Energy Solutions Inc. | 666.4 m | — | -12.1% | -13.0% | +3.7% | −38% / −69% |
| EGYVaalco Energy Inc | 565.9 m | — | -24.4% | -31.1% | −25.0% | +50% / +16% |
| SDSandridge Energy, Inc. | 468.3 m | 4.8 | 18.4% | 50.1% | +24.8% | −11% / −9% |
| KRPKimbell Royalty Partners, LP | 403.4 m | 4.2 | — | 27.8% | +7.9% | +21% / −2% |
| GTEGran Tierra Energy Inc. | 332.2 m | — | -97.9% | -40.0% | −4.0% | +107% / +48% |
1- and 3-year price returns: for GPOR from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 95.40 Total return -38% · Per year -38% | 168.85 Total return 9% · Per year 9% | 254.59 Total return 64% · Per year 64% |
| 3 years | 88.43 Total return -43% · Per year -17% | 176.50 Total return 14% · Per year 4% | 292.79 Total return 89% · Per year 24% |
| 5 years | 81.97 Total return -47% · Per year -12% | 184.49 Total return 19% · Per year 4% | 336.72 Total return 117% · Per year 17% |
- Exit P/E± 44.12
- Net margin± 30.89
- Annual revenue growth± 25.91
- Annual dilution± 2.60
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 04 Aug 2026; since then the company filed 10-Q (05 Nov 2026), 8-K (04 Nov 2026 · results).
In brief
Gulfport Energy is an independent natural gas-weighted producer with assets in the Appalachia and Anadarko basins, focused on the Utica and Marcellus formations in eastern Ohio. Proved reserves at year-end 2025 reached 4.3 Tcfe 1, and net production in the second quarter of 2026 averaged 962.8 MMcfe per day 3, amid high volatility in natural gas prices 12.
SWOT
Strengths
- The company holds a strong position in the Utica and Marcellus, with large proved reserves and production concentrated in high-quality locations 1.
- The balance sheet was strengthened through preferred stock redemption and a credit facility with available liquidity 12.
- The company earned MIQ certification for all Appalachia assets for a third consecutive year, supporting its emissions positioning 1.
Weaknesses
- The company is highly exposed to natural gas prices, and prolonged declines could reduce cash flow and economically recoverable reserves 1.
- Production in the SCOOP segment declined year over year due to natural declines and the timing of investment programs 2.
- The full cost accounting method could lead to non-cash impairments of property values if prices fall 1.
Opportunities
Threats
- Tariffs and retaliatory measures could affect costs and demand, with significant uncertainty 12.
- Geopolitical tensions in the Middle East could change global energy prices and market conditions 2.
- Competition in the Appalachia and Anadarko basins could limit access to infrastructure and attractive acreage 1.
Risks
- Commodity price volatilityhigh
Natural gas, oil and NGL prices can fluctuate sharply, and prolonged low prices could materially affect revenue and reserves 1.
- Indebtedness and covenantsmedium
Existing debt and commitments could limit financial flexibility, and covenant breaches could have significant consequences 1.
- Property impairmentsmedium
The full cost method could lead to accounting write-downs if prices decline, adversely affecting reported results 1.
- Derivative counterparty riskmedium
Hedging counterparties could fail to meet their obligations, which could weaken protection against falling prices 1.
- Leadership transitionlow
Changes in executive leadership and the departure of the finance chief could disrupt strategy execution until a successor is appointed 23.
Investment thesis
What would need to be true (bull case)
- The Utica and Marcellus position, with large proved reserves, could support long-term production if gas prices remain supportive.
- Ohio acreage additions could expand high-return inventory and extend the development runway.
- Improved capital and cost efficiency could lower breakevens and increase free cash flow.
What would break the thesis
- Dependence on natural gas prices, which have been highly volatile, could reduce revenue and cash flow during prolonged weak periods.
- Production and sales fell in the second quarter of 2026 compared with the prior year, and this trend could continue if natural declines are not offset.
- Tariffs, geopolitical tensions and finance leadership changes could add operational and market uncertainty.
What to watch
- Utica production trends and the effect of new Ohio wet gas padsSecond half 2026
- Progress of the 140 million USD discretionary acreage programBy end 2026
- Appointment of a permanent finance chief and leadership stabilityQ3 2026
- Updated proved reserves and standardized measure in the annual reportNext 10-K
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 04 Aug 2026; since then the company filed 10-Q (05 Nov 2026), 8-K (04 Nov 2026 · results).
The business
Gulfport is an exploration and production company weighted toward natural gas, headquartered in Oklahoma City, with shares trading on the NYSE under GPOR 1. Its strategy aims at economic development of its assets to generate sustainable free cash flow and return capital to shareholders through its repurchase program 1. In 2025 net production was 1,039 MMcfe per day and operating cash flow was 803.2 million USD 1.
The company emerged from Chapter 11 in May 2021 and has strengthened its capital structure, including redeeming preferred stock in 2025 12. For 2026 the capital expenditure program was updated to about 430 million USD, including land and seismic investments 3.
Liquidity is comfortable, with a credit facility tied to a borrowing base, but dependence on natural gas prices remains a central feature of the business model 12.
Segments
Market context
Natural gas prices were volatile: in 2025 Henry Hub spot ranged from 2.65 to 9.86 USD per MMBtu 1. In the second quarter of 2026 the realized gas price without derivatives fell year over year, reducing gas revenue 2. The Middle East conflict added uncertainty to global energy markets without direct material effects on operations as of the filing 2.
The 2026 capital program and share repurchases depend on commodity prices, so results could vary materially if prices remain below recent levels 13.
Trends
- Natural gas price volatilitymixed
Gas prices have fluctuated sharply; producers can benefit from increases but are exposed to prolonged declines that could trigger write-downs 12.
- Demand from US LNG and gas exportstailwind
Growth in US gas and LNG exports could support prices over the medium term, a factor the company cites among those influencing its market 1.
- Tariffs and economic uncertaintyheadwind
Imposed and retaliatory tariffs have created uncertainty about economic conditions, which could affect demand and operating costs 12.
- Ohio acreage additionstailwind
Ohio state land purchases and the discretionary acreage program could extend drilling inventory and development runway if results confirm expectations 3.
Competitive position
The exploration and production industry is highly competitive, and some competitors have greater financial and other resources than Gulfport 1. The company operates in the same Appalachia basin as other gas producers, which could affect access to infrastructure and transport costs 1.
Competition for acreage and development capital is intense, and Gulfport's ability to stay competitive depends on operating efficiency and production costs 13.
- Larger exploration and production companies
The company's risk disclosures indicate some competitors have greater financial resources, without naming them in the sources reviewed 1.
- Other Appalachia basin producers
Companies operating in the same region compete for infrastructure and acreage, as described in the company's risk factors 1.
- Anadarko basin producers
Competition in the SCOOP area is shaped by geology and access to processing, as described in the company's activity overview 1.
- Ohio land lease bidders
State land lease sales in Ohio show several operators competing for the same high-return locations 23.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
No news in our archive over the last 180 days.
SEC filings
- Quarterly report05 Nov 2026
- Current report04 Nov 2026Results of operations · Regulation FD disclosure · Financial statements and exhibits
- Quarterly report04 Aug 2026
- Current report03 Aug 2026Results of operations · Regulation FD disclosure · Financial statements and exhibits
- Current report01 Jun 2026Departure or appointment of officers · Shareholder vote
- Quarterly report06 May 2026
- Current report05 May 2026Results of operations · Regulation FD disclosure · Financial statements and exhibits
- Proxy statement08 Apr 2026
- Current report09 Mar 2026Departure or appointment of officers · Regulation FD disclosure · Financial statements and exhibits
- Current report04 Mar 2026Regulation FD disclosure
Sources
- [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / Gulfport Energy Corporation · 25 Feb 2026
- [2] Form 10-Q, quarter ended 2026-06-30 · SEC / Gulfport Energy Corporation · 04 Aug 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / Gulfport Energy Corporation · 03 Aug 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.