Gulfport Energy (GPOR) FY2018 results: revenue $1.6 billion, up 17.5% on the year
Gulfport Energy Corp. (GPOR) reported revenue of $1.6 billion for fiscal 2018, the year ended 31 December 2018, up 17.5% on the year before. Net income was $431 million, down 1.1%, and diluted earnings per share $2.45. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2019.
Revenue
$1.6 billion
+17.5% on the year
FY2011FY2018
Operating margin
25.7%
42.1% a year earlier
FY2011FY2018
Net income
$431 million
-1.1% on the year
FY2011FY2018
Diluted EPS
$2.45
+1.7% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
1,552
1,320
386
+17.5%
Cost of revenue
487
n/a
n/a
Gross profit
1,065
n/a
n/a
Gross margin
68.6%
n/a
n/a
Operating income
399
556
-868
-28.2%
Operating margin
25.7%
42.1%
-225.0%
Interest expense
142
116
63.5
+22.7%
Pre-tax income
430
437
-983
-1.5%
Income tax
-0.1
1.8
-2.9
Effective tax rate
-0.0%
0.4%
n/a
Net income
431
435
-980
-1.1%
Net margin
27.7%
33.0%
-253.9%
Diluted EPS
$2.45
$2.41
-$7.97
+1.7%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
786
680
338
+15.6%
Capital expenditure
7.9
19.4
33.2
-59.4%
Free cash flow
778
661
305
+17.8%
Free cash flow margin
50.2%
50.0%
79.0%
Cash from investing
-677
-2,474
-721
Cash from financing
-157
433
1,731
Depreciation and amortisation
487
365
246
+33.5%
Share-based compensation
6.8
6.4
7.4
+6.8%
Buybacks
200
0.0
0.0
Diluted shares, weighted
175m
180m
123m
-2.7%
Shares outstanding at period end
163m
183m
159m
-11.0%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
3,328
3,102
2,184
+7.3%
Debt
2,118
2,074
1,621
+2.1%
Operating lease liabilities
0.0
n/a
n/a
Other liabilities
605
632
418
-4.3%
Total liabilities and equity
6,051
5,808
4,223
+4.2%
Fixed assets
5,479
5,102
2,351
+7.4%
Cash and equivalents
52.3
99.6
1,276
-47.5%
Receivables
210
147
137
+43.2%
Other assets
309
459
459
-32.7%
Total assets
6,051
5,808
4,223
+4.2%
10-K for the year ended 31 December 2018, filed 28 February 2019: the filing.