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Gulfport Energy (GPOR)
NYSE:GPOR
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Gulfport Energy
(NYSE:GPOR)
52Neutral
Positive Factors
Free Cash Flow
Gulfport Energy reaffirmed its potential to generate free cash flow of $2.5-$3.3 billion over the next five years, representing more than 67% of its market cap.
Share Buyback Potential
Capacity to repurchase 16% of shares in 2025 differentiates, reiterate Buy.
Negative Factors
Inventory Concerns
The stock underperformed peers by 3.3% on inventory concerns as the TIL count stepped up from 19 to 28 wells.
Gulfport Energy (GPOR) vs. S&P 500 (SPY)
Market Cap
$2.97B
Dividend YieldN/A
Average Volume (3M)247.26K
Price to Earnings (P/E)16.7
Beta (1Y)1.16
Revenue Growth-11.68%
EPS Growth-123.15%
CountryUS
Employees235
SectorEnergy
Sector Strength76
IndustryFossil Fuels
Share Statistics
EPS (TTM)-15.41
Shares Outstanding17,894,932
10 Day Avg. Volume297,584
30 Day Avg. Volume247,261
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)3.36
Price to Cash Flow (P/CF)5.00
P/FCF Ratio3.80
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$211.71Price Target Upside26.40% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering8
Gulfport Energy Business Overview & Revenue Model
Company DescriptionGulfport Energy Corporation (GPOR) is an independent oil and natural gas exploration and production company headquartered in Oklahoma City, Oklahoma. The company primarily focuses on the exploration, acquisition, and development of natural gas, oil, and natural gas liquids (NGLs) in the United States. Gulfport Energy's core operations are concentrated in the Appalachian Basin, primarily targeting the Utica Shale in Eastern Ohio, as well as in the South Central Oklahoma Oil Province (SCOOP).
How the Company Makes MoneyGulfport Energy makes money primarily through the production and sale of natural gas, oil, and natural gas liquids (NGLs). The company's revenue model is centered around extracting these resources from its properties in the Appalachian Basin and South Central Oklahoma, processing them, and selling them to energy markets. Gulfport Energy's key revenue streams include the sale of produced hydrocarbons, which are subject to market price fluctuations. Additionally, the company may enter into hedging contracts to manage commodity price risks, which can also impact its financial performance. Significant factors contributing to Gulfport Energy's earnings include its ability to efficiently develop its reserves, manage operating costs, and maintain strategic partnerships with service providers and other stakeholders in the energy sector.
Gulfport Energy Financial Statement Overview
Summary
Gulfport Energy faces challenges in its income statement with declining revenues and profitability concerns, but maintains a stable balance sheet with moderate leverage. Cash flow generation remains a positive aspect, though high capital expenditures impact free cash flow growth. The company needs to address operational inefficiencies and explore revenue growth opportunities to improve its financial health.Income Statement
Gulfport Energy has experienced significant volatility in its income statement metrics. The company recorded a substantial net loss in 2024 after a profitable year in 2023. Revenue has been decreasing, with a notable drop in 2024 compared to previous years. The gross profit margin remains high at 100% due to no cost of goods sold reported, but the EBIT and EBITDA margins are negative in 2024 due to high operating expenses. This indicates challenges in maintaining profitability and controlling costs.45
Neutral
Balance Sheet
The balance sheet shows a stable but cautious financial position. The debt-to-equity ratio is relatively low at 0.41 in 2024, indicating moderate leverage. However, the return on equity has dropped significantly in 2024 due to net losses, and the equity ratio is stable at around 60%. The company has managed to maintain a reasonable level of equity despite the downturn in net income, which is a positive sign of financial resilience.60
Neutral
Cash Flow
Gulfport Energy's cash flow statement reveals mixed results. Operating cash flow is strong relative to net income, indicating good cash generation from operations. However, free cash flow growth is weak due to high capital expenditures. The free cash flow to net income ratio is positive, suggesting that the company is generating cash despite net losses. Overall, cash flow management appears cautious but sustainable.55
Neutral
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 928.60M | 1.05B | 2.33B | 1.50B | 801.25M |
| Gross Profit | ||||
| 505.36M | 663.02M | 2.00B | 809.35M | 50.95M |
| EBIT | ||||
| -236.76M | 974.85M | 1.55B | 755.71M | -77.89M |
| EBITDA | ||||
| 68.24M | 1.33B | 822.24M | 401.29M | -1.26B |
| Net Income Common Stockholders | ||||
| -261.39M | 1.47B | 494.70M | 138.16M | -1.63B |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 1.47M | 1.93M | 7.26M | 3.26M | 89.86M |
| Total Assets | ||||
| 2.87B | 3.27B | 2.53B | 2.17B | 2.54B |
| Total Debt | ||||
| 708.96M | 681.68M | 720.87M | 713.27M | 253.74M |
| Net Debt | ||||
| 707.48M | 679.75M | 713.61M | 710.01M | 163.88M |
| Total Liabilities | ||||
| 1.12B | 1.06B | 1.65B | 1.56B | 2.84B |
| Stockholders Equity | ||||
| 1.75B | 2.21B | 881.13M | 607.37M | -300.50M |
| Cash Flow | Free Cash Flow | |||
| 195.94M | 185.82M | 278.30M | 155.70M | -271.98M |
| Operating Cash Flow | ||||
| 650.03M | 723.18M | 739.08M | 465.14M | 95.30M |
| Investing Cash Flow | ||||
| -455.99M | -537.23M | -458.30M | -297.94M | -314.59M |
| Financing Cash Flow | ||||
| -194.50M | -191.28M | -276.78M | -253.81M | 303.08M |
Gulfport Energy Technical Analysis
Neutral
167.49
Price Trends
181.29
Negative
171.87
Negative
160.66
Positive
Market Momentum
-5.10
Positive
43.02
Neutral
54.36
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GPOR, the sentiment is Neutral. The current price of 167.49 is below the 20-day moving average (MA) of 173.97, below the 50-day MA of 181.29, and above the 200-day MA of 160.66, indicating a neutral trend. The MACD of -5.10 indicates Positive momentum. The RSI at 43.02 is Neutral, neither overbought nor oversold. The STOCH value of 54.36 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for GPOR.
Gulfport Energy Peers Comparison
Overall Rating
UnderperformOutperform
Sector (57)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | $6.05B | 6.77 | 19.67% | 1.99% | 23.47% | 0.80% | |
79 Outperform | $29.24B | 109.21 | 1.30% | 1.29% | 3.00% | -90.88% | |
73 Outperform | $11.21B | 201.50 | 0.82% | ― | -4.22% | -77.20% | |
57 Neutral | $8.37B | 5.59 | -4.20% | 7.40% | 0.23% | -68.56% | |
56 Neutral | $9.07B | 34.44 | 6.88% | 0.85% | -7.57% | -69.25% | |
52 Neutral | $2.97B | 16.69 | -13.60% | ― | -11.68% | -123.15% | |
52 Neutral | $4.44B | 9.01 | -2.14% | ― | -4.26% | -105.72% |
* Energy Sector Average
Performance Comparison
GPOR
Gulfport Energy
167.49
14.95
9.80%
CNX
CNX Resources
29.86
8.51
39.86%
EQT
EQT
48.86
15.96
48.51%
MTDR
Matador Resources
46.93
-18.51
-28.29%
RRC
Range Resources
37.46
5.65
17.76%
AR
Antero Resources
36.37
10.56
40.91%
Gulfport Energy Earnings Call Summary
Earnings Call Date: Feb 25, 2025 | % Change Since: -5.90% | Next Earnings Date: May 6, 2025
Earnings Call Sentiment Positive
The earnings call reflects a strong performance by Gulfport Energy with significant improvements in operational efficiency and free cash flow generation, despite minor challenges such as a non-cash impairment and slight cost increases. The positive aspects significantly outweigh the negatives, indicating a positive outlook for the company.Highlights
Significant Liquids Production Growth
Gulfport Energy's 2025 development program is expected to grow the company's liquids production by 30% year over year.
Strong Free Cash Flow Generation
The company expects 2025 adjusted free cash flow to more than double compared to 2024 results, driven by efficiency gains and an optimized capital program.
Operational Efficiency Improvements
Efficiency gains include a 20% reduction in drilling and completion capital per foot of completed lateral compared to 2024, with improvements in drilling and completion cycle times.
Successful Stock Repurchase Program
In 2024, Gulfport repurchased approximately 7% of its common shares outstanding and returned 96% of available adjusted free cash flow to shareholders.
Strong Fourth Quarter Financial Performance
The company reported adjusted EBITDA of $203 million and generated $125 million in adjusted free cash flow during the fourth quarter of 2024.
Lowlights
Non-Cash Impairment Due to Low SEC Prices
Gulfport recorded a non-cash impairment in the fourth quarter based on low SEC natural gas prices.
Slight Increase in Operating Costs
The company's focus on more liquids-rich activity will lead to a slight increase in 2025 per-unit LOE and midstream costs compared to 2024.
Company Guidance
In the Gulfport Energy Corporation's Q4 2024 earnings call, the company provided detailed guidance for 2025, highlighting a focus on maintaining flat total production and base capital investment while increasing liquids production by 30% year-over-year. The total capital spend for 2025 is projected between $370 million to $395 million, with $35 million to $40 million allocated for maintenance land and leasehold investment. Gulfport aims to achieve a 20% reduction in drilling and completion capital costs per foot of completed lateral compared to 2024, driven by operational efficiencies and well mix optimization. The company plans to return substantially all adjusted free cash flow, excluding discretionary acreage acquisitions, through common stock repurchases. Liquids production is expected to reach 18.0 to 20.5 thousand barrels per day, with total equivalent production remaining relatively flat compared to 2024. Gulfport's strategy includes focusing on the Utica Lean Condensate and Marcellus assets to drive its 2025 development program, supported by a strong hedge position covering 50% of 2025 natural gas production at an average floor price of $3.62 per MMBtu.Gulfport Energy Corporate Events
Stock BuybackBusiness Operations and StrategyFinancial Disclosures
Gulfport Energy Plans 30% Liquids Production Increase in 2025
Positive
Feb 25, 2025
Gulfport Energy reported its financial and operational results for the fourth quarter and full year of 2024, highlighting a net production of 1.06 Bcfe per day and a 13% increase in net liquids production compared to the previous year. Looking ahead to 2025, the company plans to increase its net daily liquids production by over 30% and maintain flat year-over-year net daily equivalent production, while reducing drilling and completion capital costs by 20%. Gulfport aims to allocate most of its adjusted free cash flow towards common share repurchases, reflecting its strategy to enhance shareholder value and capitalize on an improving natural gas environment.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.