# Gulfport Energy Corporation > Clarifo company profile — qualitative business description generated from > the company's filings. Financial statements, charts and ratios are > available on Clarifo (https://www.clarifo.com/fi/companies/Gulfport Energy Corporation). ## Overview Gulfport Energy Corp. is an independent U.S. exploration and production company focused on natural gas-weighted assets in the Appalachia and Anadarko basins. It develops and markets natural gas, crude oil, and NGL production from the Utica, Marcellus, SCOOP Woodford, and Springer formations, with a stated goal of generating sustainable free cash flow and returning capital to shareholders. ## Products & services • Natural gas production from Utica and Marcellus • Crude oil production from Appalachian and Oklahoma assets • NGL production and sales • Drilling, completion, and lease development • Natural gas, oil, and NGL marketing services • Commodity hedging with swaps, collars, and options - **Natural gas production** (70%) — Sales of produced natural gas from the company's core shale assets. - **Crude oil production** (15%) — Sales of crude oil produced alongside the company's gas-weighted portfolio. - **NGL production** (10%) — Sales of natural gas liquids extracted and marketed from produced gas streams. - **Marketing and transportation services** (5%) — Gathering, hauling, processing, transportation, and contract administration for production. - Natural gas production from Utica and Marcellus - Crude oil production from Appalachian and Oklahoma assets - NGL production and sales - Drilling, completion, and lease development - Natural gas, oil, and NGL marketing services - Commodity hedging with swaps, collars, and options ## Customers Gulfport sells primarily to commodity purchasers, processors, marketers, and midstream counterparties rather than end consumers. Its customer base is concentrated in buyers of natural gas, oil, and NGL volumes under spot and short-term term contracts, with one customer representing more than 10% of sales in recent years. The company also relies on third parties for gathering, processing, transportation, and firm capacity commitments that support market access. - **Commodity purchasers** (primary) — Buy natural gas, crude oil, and NGL volumes from Gulfport for resale, processing, or end-use supply. - **Midstream service providers** (primary) — Provide gathering, processing, hauling, and transportation capacity that Gulfport needs to move production to market. - **Hedging counterparties** (secondary) — Enter into swaps, collars, options, and basis arrangements to help Gulfport manage price exposure. - **Industrial and utility gas buyers** (secondary) — Indirect end-market demand for Gulfport's gas through marketers and processors. - Natural gas purchasers buying Appalachian and Oklahoma production - Oil and NGL buyers under spot and short-term term contracts - Midstream processors and transporters providing market access - Commodity counterparties used for hedging and risk mitigation - A concentrated major customer base can affect pricing and volumes ## Geography Gulfport's operating footprint is concentrated in the United States, with core assets in eastern Ohio and central Oklahoma. The company targets the Utica and Marcellus formations in the Appalachia basin and the SCOOP Woodford and Springer formations in the Anadarko basin, so operational performance depends heavily on regional drilling conditions and midstream infrastructure. Headquarters are in Oklahoma City, and the company is listed on the NYSE under GPOR. - **United States** (100%) — Operations and sales are overwhelmingly U.S.-based; no country revenue split was disclosed. - Eastern Ohio is a core operating area for Utica and Marcellus wells - Central Oklahoma hosts SCOOP Woodford and Springer development - Appalachia and Anadarko basin exposure drives production mix - U.S. midstream outages can constrain volumes and timing - Oklahoma City is the corporate headquarters ## Strategy Gulfport's strategy is to develop its existing acreage prudently, focusing capital on the highest-return drilling and completion opportunities. Management emphasizes sustainable cash flow, margin improvement, operating efficiency, and shareholder returns, while using hedging and marketing arrangements to reduce commodity and basis risk. - **Prudent development of existing acreage** (medium-term) — The company is focused on extracting value from its current asset base rather than pursuing broad expansion. - **Cash flow and margin improvement** (short-term) — Higher margins and sustainable free cash flow support capital returns and resilience in a volatile commodity market. - **Commodity risk management** (short-term) — Price volatility can materially affect revenue, cash flow, and reserve values, so hedging is central to planning. - Allocate capital to the highest-return drilling opportunities - Grow production from existing Utica, Marcellus, and SCOOP assets - Improve margins through better operating efficiency and technology - Use hedging to reduce exposure to volatile commodity prices - Return capital to shareholders while preserving free cash flow ## Risks Gulfport is highly exposed to natural gas, oil, and NGL price volatility, which can quickly affect revenue, cash flow, borrowing capacity, and reserve valuations. Its operations also depend on third-party midstream infrastructure and are vulnerable to weather, cyberattacks, and regulatory or environmental constraints common to upstream energy producers. - **Natural gas, oil, and NGL price volatility** [high] — Revenue and cash flow depend heavily on commodity prices, and prolonged weakness can impair capital spending and reserves. - **Midstream and transportation constraints** [high] — The company relies on third-party gathering, processing, and pipeline systems to move production to market. - **Weather and seasonal disruption** [medium] — Adverse weather can interrupt drilling, completion, and field operations and reduce near-term output. - **Cybersecurity and information systems risk** [medium] — Digital systems are used for reserves, operations, and financial data, making the company vulnerable to cyberattacks. - **Reserve estimation and ceiling test risk** [high] — Full-cost accounting makes the company sensitive to reserve revisions and price-driven impairment tests. - Commodity price swings can reduce cash flow and trigger ceiling test write-downs - Third-party midstream outages can delay production and constrain volumes - Weather and seasonal anomalies can disrupt drilling and field operations - Cybersecurity breaches could interrupt operations or expose sensitive data - Reserve estimates are judgmental and can change with prices and production ## Accounting Gulfport recognizes revenue when produced hydrocarbons are delivered, then settles most sales one to three months later, so month-end accrual estimates matter for quarterly comparability. The company uses the full cost method for oil and gas properties, which makes depreciation, depletion, amortization, and ceiling test impairments highly sensitive to reserve estimates and commodity prices. Derivative instruments are marked to fair value through earnings because they are not designated as hedges for accounting purposes. - **Revenue recognition timing** — Affects reported revenue and receivables - **Full cost method and ceiling test** — Can create large non-cash write-downs when prices or reserves weaken - **Commodity derivative fair value** — Can add volatility to reported results - **Reserve estimates and depletion** — Affects DD&A expense and asset values - Revenue is recorded on delivery, with cash received 1-3 months later - Month-end production and price estimates affect reported sales - Full cost accounting makes DD&A and ceiling tests reserve-sensitive - Commodity derivatives flow through earnings at fair value - Lease and transportation commitments can create fixed obligations --- *Last updated: 2026-04-28T20:10:50.848921+00:00*