Gulfport Energy Corp (GPOR) financial statements: income statement, balance sheet and cash flow
Gulfport Energy Corp's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Gulfport Energy Corp reported revenue of $1.4B (+48.5% year on year) and net income of $427.8M (+263.7% year on year).
Income statement
Gulfport Energy Corp income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Revenue from contracts with customers
$1.3B
$928.6M
$1.1B
$2.3B
Net gain on natural gas, oil and NGL derivatives
$99.1M
$29.5M
$740.3M
($999.7M)
Total revenues
$1.4B
$958.1M
$1.8B
$1.3B
Lease operating expenses
$84.2M
$70.1M
$68.6M
$64.8M
Taxes other than income
$29.9M
$29.7M
$33.7M
$60.1M
Transportation, gathering, processing and compression
$358.9M
$351.2M
$348.6M
$357.2M
Depreciation, depletion and amortization
$304.2M
$325.7M
$319.7M
$267.8M
Impairment of oil and natural gas properties
$0
$373.2M
$0
$0
General and administrative expenses
$42.5M
$42.6M
$38.6M
$35.3M
Restructuring costs
$0
$0
$4.8M
$0
Accretion expense
$2.4M
$2.3M
$2.8M
$2.7M
Total operating expenses
$822.2M
$1.2B
$816.9M
$788.0M
INCOME (LOSS) FROM OPERATIONS
$600.4M
($236.8M)
$974.8M
$543.1M
Interest expense
$54.3M
$60.0M
$57.1M
$59.8M
Loss on debt extinguishment
$0
$13.4M
$0
$0
Other, net
$2.8M
$7.3M
($28.0M)
($11.3M)
Total other expense
$57.1M
$80.7M
$29.1M
$48.4M
INCOME (LOSS) BEFORE INCOME TAXES
$543.3M
($317.5M)
$945.8M
$494.7M
Current
$0
$0
$0
—
Deferred
$115.5M
($56.1M)
($525.2M)
—
Total income tax expense (benefit)
$115.5M
($56.1M)
($525.2M)
$0
NET INCOME (LOSS)
$427.8M
($261.4M)
$1.5B
$494.7M
Dividends on preferred stock
($1.7M)
($4.2M)
($4.8M)
($5.4M)
Deemed dividend on preferred stock
($30.0M)
—
—
—
Participating securities - preferred stock
$0
$0
($212.4M)
($76.4M)
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS
$396.2M
($265.6M)
$1.3B
$412.9M
Basic (in dollars per share)
$21.74
-$14.72
$67.24
$20.45
Diluted (in dollars per share)
$21.48
-$14.72
$66.46
$20.32
Weighted average common shares outstanding - Basic (shares)
18.2M
18.1M
18.6M
20.2M
Weighted average common shares outstanding - Diluted (shares)
18.4M
18.1M
18.9M
20.3M
Gulfport Energy Corp income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Revenue from contract with customer
$261.6M
$453.3M
$312.9M
$311.5M
Net gain (loss) on natural gas, oil and NGL derivatives
$61.7M
($15.8M)
$66.8M
$136.1M
Total revenues
$323.2M
$437.5M
$379.7M
$447.6M
Lease operating expenses
$19.8M
$24.5M
$20.8M
$17.6M
Taxes other than income
$7.4M
$9.2M
$7.9M
$7.6M
Transportation, gathering, processing and compression
$84.6M
$90.6M
$96.4M
$86.5M
Depreciation, depletion and amortization
$73.1M
$75.4M
$83.2M
$73.6M
General and administrative expenses
$10.7M
$9.7M
$11.8M
$10.9M
Accretion expense
$618.0K
$598.0K
$597.0K
$587.0K
Total operating expenses
$196.2M
$209.9M
$220.8M
$196.8M
INCOME FROM OPERATIONS
$127.1M
$227.6M
$159.0M
$250.8M
Interest expense
$15.8M
$15.4M
$13.6M
$13.7M
Other, net
$155.0K
$1.7M
$2.6M
$901.0K
Total other expense
$15.9M
$17.1M
$16.2M
$14.6M
INCOME BEFORE INCOME TAXES
$111.1M
$210.5M
$142.8M
$236.1M
Current
($244.0K)
$1.1M
($105.0K)
$274.0K
Deferred
$24.3M
$43.6M
$31.5M
$51.4M
Total income tax expense
$24.0M
$44.7M
$31.4M
$51.7M
NET INCOME
$87.1M
$165.8M
$111.4M
$184.5M
Dividends on preferred stock
$0
$0
$0
($804.0K)
Participating securities - preferred stock
$0
$0
$0
($20.6M)
NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS
$87.1M
$165.8M
$81.4M
$163.0M
Basic (in usd per share)
$4.87
$8.94
$4.49
$9.21
Diluted (in usd per share)
$4.85
$8.87
$4.45
$9.12
Weighted average common shares outstanding - Basic (in shares)
17.9M
18.6M
18.1M
17.7M
Weighted average common shares outstanding - Diluted (in shares)
17.9M
18.7M
18.3M
17.9M
Balance sheet
Gulfport Energy Corp balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and cash equivalents
$1.8M
$1.5M
$1.9M
$7.3M
Accounts receivable—oil, natural gas, and natural gas liquids sales
$184.6M
$155.9M
$122.5M
$278.4M
Accounts receivable—joint interest and other
$9.3M
$8.7M
$22.2M
$21.5M
Prepaid expenses and other current assets
$8.0M
$7.1M
$17.0M
$7.6M
Short-term derivative instruments
$45.2M
$58.1M
$233.2M
$87.5M
Total current assets
$248.9M
$231.3M
$396.8M
$402.3M
Proved oil and natural gas properties
$3.9B
$3.3B
$2.9B
$2.4B
Unproved properties
$233.0M
$221.7M
$204.2M
$178.5M
Other property and equipment
$13.0M
$11.3M
$9.2M
$6.4M
Total property and equipment
$4.1B
$3.6B
$3.1B
$2.6B
Less: accumulated depletion, depreciation, amortization and impairment
($1.9B)
($1.6B)
($865.6M)
($545.8M)
Total property and equipment, net
$2.3B
$2.0B
$2.3B
$2.1B
Long-term derivative instruments
$15.3M
$6.0M
$47.6M
$26.5M
Deferred tax asset
$465.7M
$581.2M
$525.2M
—
Operating lease assets
$561.0K
$6.1M
$14.3M
$26.7M
Other assets
$19.1M
$22.8M
$31.5M
$21.2M
Total other assets
$500.7M
$616.1M
$618.5M
$74.5M
Total assets
$3.0B
$2.9B
$3.3B
$2.5B
Accounts payable and accrued liabilities
$342.4M
$298.1M
$309.5M
$437.4M
Short-term derivative instruments
$21.9M
$41.9M
$22.0M
$343.5M
Current portion of operating lease liabilities
$550.0K
$5.5M
$13.0M
$12.4M
Total current liabilities
$364.8M
$345.5M
$344.5M
$793.3M
Long-term derivative instruments
$8.9M
$35.1M
$18.6M
$118.4M
Asset retirement obligation
$32.9M
$32.9M
$29.9M
$33.2M
Non-current operating lease liabilities
$10.0K
$561.0K
$1.3M
$14.3M
Long-term debt
$788.2M
$702.9M
$667.4M
$694.2M
Total non-current liabilities
$830.0M
$771.4M
$717.3M
$860.0M
Total liabilities
$1.2B
$1.1B
$1.1B
$1.7B
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
37.3M
44.2M
52.3M
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
2.0K
2.0K
2.0K
2.0K
Additional paid-in capital
$0
$129.1M
$315.7M
$449.2M
Retained earnings
$1.8B
$1.6B
$1.8B
$381.9M
Total stockholders’ equity
$1.8B
$1.7B
$2.2B
$828.8M
Total liabilities, mezzanine equity and stockholders’ equity
$3.0B
$2.9B
$3.3B
$2.5B
Gulfport Energy Corp balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Cash and cash equivalents
$1.1M
$2.9M
$3.4M
$3.8M
Accounts receivable—oil, natural gas, and natural gas liquids sales
$114.4M
$129.0M
$122.0M
$128.6M
Accounts receivable—joint interest and other
$13.6M
$9.6M
$7.9M
$11.7M
Prepaid expenses and other current assets
$9.6M
$8.2M
$8.8M
$9.6M
Short-term derivative instruments
$82.2M
$75.1M
$44.6M
$44.2M
Total current assets
$220.9M
$224.8M
$186.6M
$197.9M
Proved oil and natural gas properties
$4.2B
$4.1B
$3.8B
$3.7B
Unproved properties
$286.1M
$251.0M
$208.1M
$211.6M
Other property and equipment
$14.1M
$13.6M
$12.8M
$12.3M
Total property and equipment
$4.5B
$4.3B
$4.0B
$3.9B
Less: accumulated depletion, depreciation and amortization
($2.0B)
($1.9B)
($1.8B)
($1.7B)
Total property and equipment, net
$2.5B
$2.4B
$2.2B
$2.2B
Long-term derivative instruments
$34.1M
$36.2M
$16.4M
$20.9M
Deferred tax asset
$397.9M
$422.1M
$498.3M
$529.8M
Operating lease assets
$153.0K
$358.0K
$760.0K
$956.0K
Other assets
$16.6M
$16.3M
$19.5M
$20.0M
Total other assets
$448.7M
$475.0M
$535.0M
$571.7M
Total assets
$3.2B
$3.1B
$2.9B
$3.0B
Accounts payable and accrued liabilities
$367.0M
$369.3M
$313.9M
$335.6M
Short-term derivative instruments
$16.1M
$32.8M
$30.9M
$53.2M
Current portion of operating lease liabilities
$148.0K
$351.0K
$747.0K
$804.0K
Total current liabilities
$383.2M
$402.5M
$345.5M
$389.6M
Long-term derivative instruments
$3.8M
$7.9M
$29.9M
$44.8M
Asset retirement obligation
$34.4M
$33.7M
$33.6M
$32.7M
Non-current operating lease liabilities
$5.0K
$7.0K
$13.0K
$153.0K
Long-term debt
$922.3M
$823.7M
$691.7M
$695.2M
Total non-current liabilities
$960.5M
$865.3M
$755.1M
$772.8M
Total liabilities
$1.3B
$1.3B
$1.1B
$1.2B
Common stock - $0.0001 par value, 42.0 million shares authorized, 17.7 million issued and outstanding at June 30, 2026, and 18.8 million issued and outstanding at December 31, 2025
2.0K
2.0K
2.0K
2.0K
Additional paid-in capital
$0
$0
$3.1M
$1.5M
Retained earnings
$1.8B
$1.8B
$1.8B
$1.8B
Treasury stock, at cost - 2.5 thousand shares at June 30, 2026 and 0 shares at December 31, 2025
-432.0K
-3.0M
—
—
Total stockholders’ equity
$1.8B
$1.8B
$1.8B
$1.8B
Total liabilities and stockholders’ equity
$3.2B
$3.1B
$2.9B
$3.0B
Cash flow statement
Gulfport Energy Corp cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net income (loss)
$427.8M
($261.4M)
$1.5B
$494.7M
Depletion, depreciation and amortization
$304.2M
$325.7M
$319.7M
$267.8M
Impairment of oil and natural gas properties
$0
$373.2M
$0
$0
Loss on debt extinguishment
$0
$13.4M
$0
$0
Net gain on derivative instruments
($99.1M)
($29.5M)
($740.3M)
$999.7M
Net cash receipts on settled derivative instruments
$56.5M
$282.6M
$152.2M
($1.1B)
Deferred income tax expense (benefit)
$115.5M
($56.1M)
($525.2M)
—
Stock-based compensation expense
$12.2M
$11.0M
$9.5M
—
Other, net
$8.6M
$6.3M
$7.6M
$11.3M
Changes in operating assets and liabilities, net
($22.5M)
($15.2M)
$28.7M
$19.4M
Net cash provided by operating activities
$803.2M
$650.0M
$723.2M
$739.1M
Additions to oil and natural gas properties
($527.6M)
($454.1M)
($537.4M)
($460.8M)
Proceeds from sale of oil and natural gas properties
$150.0K
$225.0K
$2.7M
$3.4M
Other, net
($1.8M)
($2.1M)
($2.5M)
($875.0K)
Net cash used in investing activities
($529.2M)
($456.0M)
($537.2M)
($458.3M)
Principal payments on Credit Facility
($1.2B)
($1.0B)
($998.0M)
($2.1B)
Borrowings on Credit Facility
$1.4B
$956.0M
$971.0M
$2.1B
Issuance of 2029 Senior Notes
$0
$650.0M
—
—
Early retirement of 2026 Senior Notes
($25.7M)
($524.3M)
—
—
Premium paid on 2026 Senior Notes
$0
($12.9M)
—
—
Debt issuance costs and loan commitment fees
($35.0K)
($14.9M)
($7.1M)
($234.0K)
Dividends on preferred stock
($1.7M)
($4.2M)
($4.8M)
($5.4M)
Redemption of preferred stock
($32.4M)
—
—
—
Repurchase of common stock under Repurchase Program
($305.0M)
($184.5M)
($149.2M)
($250.5M)
Net cash payments on performance vesting restricted stock units
($12.3M)
—
—
—
Shares exchanged for tax withholdings
-5.6M
-23.6M
—
—
Other, net
($9.0K)
($3.0K)
($3.2M)
($1.6M)
Net cash used in financing activities
($273.7M)
($194.5M)
($191.3M)
($276.8M)
Net change in cash and cash equivalents
$340.0K
($456.0K)
($5.3M)
$4.0M
Cash and cash equivalents at beginning of period
$1.5M
$1.9M
$7.3M
$3.3M
Cash and cash equivalents at end of period
$1.8M
$1.5M
$1.9M
—
Gulfport Energy Corp cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net income
$252.9M
$165.8M
$295.4M
$184.0M
Depletion, depreciation and amortization
$148.5M
$75.4M
$222.5M
$139.3M
Net (gain) loss on derivative instruments
($45.9M)
$15.8M
($56.4M)
$10.4M
Net cash (payments) receipts on settled derivative instruments
($20.9M)
($56.8M)
$43.3M
$9.6M
Deferred income tax expense
$67.9M
$43.6M
$82.9M
$51.4M
Stock-based compensation expense
$2.9M
$196.0K
$9.2M
$6.3M
Other, net
$3.8M
$2.0M
$6.2M
$3.9M
Changes in operating assets and liabilities, net
$33.6M
$46.8M
$14.6M
$3.9M
Net cash provided by operating activities
$442.8M
$292.9M
$617.8M
$408.7M
Additions to oil and natural gas properties
($312.8M)
($137.8M)
($382.9M)
($253.0M)
Other, net
($1.2M)
($581.0K)
($1.5M)
($965.0K)
Net cash used in investing activities
($314.0M)
($138.4M)
($384.2M)
($254.0M)
Principal payments on Credit Facility
($799.0M)
($540.0M)
($994.0M)
($414.0M)
Borrowings on Credit Facility
$932.0M
$575.0M
$1.0B
$431.0M
Early retirement of 2026 Senior Notes
$0
—
($25.7M)
($25.7M)
Dividends on preferred stock
$0
$0
($1.7M)
($1.7M)
Repurchase of common stock under Repurchase Program
($242.3M)
($169.8M)
($168.0M)
($124.5M)
Net cash payments on performance vesting restricted stock units