Gulfport Energy Corporation (GPOR) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
14313 NORTH MAY AVENUE OKLAHOMA CITY, OK 73134 |
| State of Incorp. | |
| Fiscal Year End | December 31 |
| Industry (SIC) | 1311 - Crude Petroleum and Natural Gas (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 1,929 | 7,259 | 3,260 | 89,861 | 6,060 | 52,297 | |||
| Cash and cash equivalent | 1,929 | 7,259 | 3,260 | 89,861 | 6,060 | 52,297 | |||
| Receivables | 144,700 | 299,882 | 253,237 | 132,079 | 169,185 | 232,697 | |||
| Derivative instruments and hedges, assets | 233,226 | 87,508 | 4,695 | 27,146 | 126,201 | 21,352 | |||
| Other undisclosed current assets | 16,951 | 7,621 | 12,359 | 160,664 | 4,431 | 10,607 | |||
| Total current assets: | 396,806 | 402,270 | 273,551 | 409,750 | 305,877 | 316,953 | |||
| Noncurrent Assets | |||||||||
| Inventory, Noncurrent | 5,182 | 4,754 | |||||||
| Operating lease, right-of-use asset | 14,299 | 26,713 | 322 | 342 | 14,168 | ✕ | |||
| Property, plant and equipment | 2,252,299 | 2,057,730 | 1,855,828 | 2,086,269 | 3,463,794 | 5,479,405 | |||
| Long-term investments and receivables | 24,816 | 32,044 | 236,121 | ||||||
| Long-term investments | 24,816 | 32,044 | 236,121 | ||||||
| Derivative instruments and hedges | 47,566 | 26,525 | 18,664 | 322 | 563 | ||||
| Deferred income tax assets | 525,156 | 7,563 | ✕ | ||||||
| Other noncurrent assets | 31,487 | 21,241 | 19,867 | 18,372 | 10,358 | 13,803 | |||
| Other undisclosed noncurrent assets | 43,270 | ||||||||
| Total noncurrent assets: | 2,870,807 | 2,132,209 | 1,894,681 | 2,130,121 | 3,576,942 | 5,734,083 | |||
| TOTAL ASSETS: | 3,267,613 | 2,534,479 | 2,168,232 | 2,539,871 | 3,882,819 | 6,051,036 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 309,532 | 437,384 | 394,011 | 244,903 | 415,218 | 518,380 | |||
| Accounts payable | 43,517 | ||||||||
| Accrued liabilities | 44,250 | ||||||||
| Other undisclosed accounts payable and accrued liabilities | 221,765 | 437,384 | 394,011 | 244,903 | 415,218 | 518,380 | |||
| Debt | 253,743 | 14,457 | 651 | ||||||
| Derivative instruments and hedges, liabilities | 21,963 | 343,522 | 240,735 | 11,641 | 303 | 20,401 | |||
| Other undisclosed current liabilities | 12,959 | 12,414 | 182 | 21,220 | |||||
| Total current liabilities: | 344,454 | 793,320 | 634,928 | 510,287 | 451,198 | 539,432 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 667,382 | 694,155 | 713,086 | 1,978,362 | 2,086,765 | ||||
| Long-term debt, excluding current maturities | 667,382 | 694,155 | 712,946 | 1,978,020 | 2,086,765 | ||||
| Liabilities, other than long-term debt | 49,883 | 165,874 | 212,844 | 36,604 | 116,617 | 93,944 | |||
| Asset retirement obligations | 29,941 | 33,171 | 28,264 | 60,355 | 79,952 | ||||
| Deferred income tax liabilities | 3,127 | ✕ | |||||||
| Operating lease, liability | 1,340 | 14,299 | 140 | 342 | ✕ | ||||
| Derivative instruments and hedges, liabilities | 18,602 | 118,404 | 184,580 | 36,604 | 53,135 | 13,992 | |||
| Other undisclosed noncurrent liabilities | 22,050 | 3,127 | |||||||
| Total noncurrent liabilities: | 717,265 | 860,029 | 925,930 | 36,604 | 2,117,029 | 2,183,836 | |||
| Other undisclosed liabilities | 2,293,480 | ||||||||
| Total liabilities: | 1,061,719 | 1,653,349 | 1,560,858 | 2,840,371 | 2,568,227 | 2,723,268 | |||
| Temporary equity, including noncontrolling interest | 44,214 | 52,295 | 57,896 | ||||||
| Equity | |||||||||
| Equity, attributable to parent, including: | 2,161,680 | 828,835 | 549,478 | (300,500) | 1,314,592 | 3,327,768 | |||
| Common stock | 2 | 2 | 2 | 1,607 | 1,597 | 1,630 | |||
| Treasury stock, value | (286) | (30,216) | |||||||
| Additional paid in capital | 315,726 | 449,243 | 692,521 | 4,213,752 | 4,207,554 | 4,227,532 | |||
| Accumulated other comprehensive loss | (43,000) | (46,833) | (56,026) | ||||||
| Retained earnings (accumulated deficit) | 1,847,948 | 381,872 | (112,829) | (4,472,859) | (2,847,726) | (845,368) | |||
| Other undisclosed equity, attributable to parent | (1,996) | (1,996) | |||||||
| Total equity: | 2,161,680 | 828,835 | 549,478 | (300,500) | 1,314,592 | 3,327,768 | |||
| TOTAL LIABILITIES AND EQUITY: | 3,267,613 | 2,534,479 | 2,168,232 | 2,539,871 | 3,882,819 | 6,051,036 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,791,702 | 1,331,112 | 866,542 | 1,346,008 | 1,355,044 | |||
| Cost of revenue | (348,631) | (357,246) | (456,318) | (953,502) | ||||
| Gross profit: | 1,443,071 | 973,866 | 410,224 | 392,506 | 1,355,044 | |||
| Operating expenses | (46,144) | (38,050) | (1,450,341) | (2,096,199) | (962,724) | |||
| Other undisclosed operating loss | (422,080) | (392,690) | (322,488) | |||||
| Operating income (loss): | 974,847 | 543,126 | (1,362,605) | (1,703,693) | 392,320 | |||
| Nonoperating income (expense) | (29,087) | (48,425) | (255,238) | (306,228) | 38,171 | |||
| Investment income, nonoperating | 414 | 801 | 125,082 | |||||
| Other nonoperating income (expense) | 27,982 | 11,348 | (21,738) | (3,725) | (698) | |||
| Interest and debt expense | (57,069) | (59,773) | 49,579 | 48,630 | (135,273) | |||
| Income (loss) from continuing operations before equity method investments, income taxes: | 888,691 | 434,928 | (1,568,264) | (1,961,291) | 295,218 | |||
| Other undisclosed income (loss) from continuing operations before income taxes | 57,069 | 59,773 | (49,579) | (48,630) | 135,273 | |||
| Income (loss) from continuing operations before income taxes: | 945,760 | 494,701 | (1,617,843) | (2,009,921) | 430,491 | |||
| Income tax expense (benefit) | 525,156 | (7,290) | 7,563 | 69 | ||||
| Income (loss) from continuing operations: | 1,470,916 | 494,701 | (1,625,133) | (2,002,358) | 430,560 | |||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | (1,625,133) | (2,002,358) | 430,560 | |
| Net income (loss) attributable to parent: | 1,470,916 | 494,701 | (1,625,133) | (2,002,358) | 430,560 | |||
| Preferred stock dividends and other adjustments | (4,840) | (5,444) | ||||||
| Undistributed earnings (loss) allocated to participating securities, basic | (212,360) | (76,401) | ||||||
| Net income (loss) available to common stockholders, basic: | 1,253,716 | 412,856 | (1,625,133) | (2,002,358) | 430,560 | |||
| Dilutive securities, effect on basic earnings per share | 2,475 | 512 | ||||||
| Net income (loss) available to common stockholders, diluted: | 1,256,191 | 413,368 | (1,625,133) | (2,002,358) | 430,560 | |||
Comprehensive Income ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 1,470,916 | 494,701 | (1,625,133) | (2,002,358) | 430,560 | |||
| Comprehensive income (loss): | 1,470,916 | 494,701 | (1,625,133) | (2,002,358) | 430,560 | |||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 3,833 | 9,193 | (15,487) | |||||
| Comprehensive income (loss), net of tax, attributable to parent: | 1,470,916 | 494,701 | (1,621,300) | (1,993,165) | 415,073 | |||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.