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Gulfport Energy (GPOR) FY2024 results: revenue $958 million, down 46.5% on the year

Gulfport Energy Corp. (GPOR) reported revenue of $958 million for fiscal 2024, the year ended 31 December 2024, down 46.5% on the year before. Net income was -$261 million, and diluted earnings per share $-14.72. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2025.

Revenue
$958 million
-46.5% on the year
FY2017FY2024
Operating margin
-24.7%
54.4% a year earlier
FY2017FY2024
Net income
-$261 million
FY2017FY2024
Diluted EPS
-$14.72
FY2017FY2024

this yearthe year beforeHover a bar for its figure.

The year in brief

The four quarters: Q1 FY2024 · Q2 FY2024 · Q3 FY2024 · Q4 FY2024

Income statement (profit and loss)

$ millionFY2024FY2023FY2022On the yearLast 8 years
Revenue9581,7921,331-46.5%
Cost of revenue351349357+0.7%
Gross profit6071,443974-57.9%
Gross margin63.3%80.5%73.2%
Operating income-237975543
Operating margin-24.7%54.4%40.8%
Interest expense60.057.159.8+5.1%
Pre-tax income-317946495
Income tax-56.1-5250.0
Effective tax raten/a-55.5%0.0%
Net income-2611,471495
Net margin-27.3%82.1%37.2%
Diluted EPS-$14.72$66.46$20.32
$ 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

$ millionFY2024FY2023FY2022On the yearLast 8 years
Operating cash flow650723739-10.1%
Cash from investing-456-537-458
Cash from financing-194-191-277
Depreciation and amortisation326320268+1.9%
Share-based compensation11.09.55.7+15.6%
Buybacksn/an/a250
Diluted shares, weighted18m19m20m-4.5%
Shares outstanding at period end18m18m19m-2.7%

Balance sheet

$ millionFY2024FY2023FY2022On the yearLast 8 years
Shareholders' equity1,7112,162829-20.8%
Redeemable equity37.344.252.3-15.5%
Debt703667694+5.3%
Operating lease liabilities0.61.314.3-58.1%
Other liabilities414393945+5.2%
Total liabilities and equity2,8663,2682,534-12.3%
Fixed assets2,0182,2522,058-10.4%
Cash and equivalents1.51.97.3-23.6%
Receivables156122278+27.3%
Other assets690891191-22.5%
Total assets2,8663,2682,534-12.3%

10-K for the year ended 31 December 2024, filed 26 February 2025: the filing.