Gulfport Energy (GPOR) FY2025 results: revenue $1.4 billion, up 48.5% on the year
Gulfport Energy Corp. (GPOR) reported revenue of $1.4 billion for fiscal 2025, the year ended 31 December 2025, up 48.5% on the year before. Net income was $428 million, and diluted earnings per share $21.48. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2026.
Revenue
$1.4 billion
+48.5% on the year
FY2018FY2025
Operating margin
42.2%
-24.7% a year earlier
FY2018FY2025
Net income
$428 million
FY2018FY2025
Diluted EPS
$21.48
FY2018FY2025
this yearthe year beforeHover a bar for its figure.
The year in brief
What management said about the year
Guidance figures: 1 narrowed, 17 new, 1 kept.
Fourth quarter production rose 4%: Net production was 1.10 Bcfe per day in the fourth quarter of 2025, up 4% on fourth quarter 2024. Net liquids were 18.2 MBbl per day, up 12% year over year.
Fourth quarter earnings and EBITDA: The company reported net income of $132.4 million and adjusted EBITDA of $234.8 million for the quarter. Adjusted EBITDA is a non-GAAP measure.
First U-development in Utica completed: The company completed its first U-development in the Utica, unlocking 20 gross high-return dry gas locations. $37.5 million was allocated to discretionary appraisal projects in 2025.
Operating cash flow and adjusted FCF: Fourth quarter net cash from operations was $185.4 million and adjusted free cash flow was $120.2 million. Full year figures were $803.2 million and $324.7 million.
Full year buybacks include preferred redemption: Full year repurchases were about 1.8 million shares for $336.3 million. This included the redemption of all preferred stock for $31.3 million.
$ 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
FY2025
FY2024
FY2023
On the year
Last 8 years
Operating cash flow
803
650
723
+23.6%
Cash from investing
-529
-456
-537
Cash from financing
-274
-194
-191
Depreciation and amortisation
304
326
320
-6.6%
Share-based compensation
12.2
11.0
9.5
+10.9%
Diluted shares, weighted
18m
18m
19m
+2.2%
Shares outstanding at period end
19m
18m
18m
+5.6%
Balance sheet
$ million
FY2025
FY2024
FY2023
On the year
Last 8 years
Shareholders' equity
1,835
1,711
2,162
+7.2%
Redeemable equity
0.0
37.3
44.2
Debt
788
703
667
+12.1%
Operating lease liabilities
0.0
0.6
1.3
-98.2%
Other liabilities
407
414
393
-1.7%
Total liabilities and equity
3,030
2,866
3,268
+5.7%
Fixed assets
2,280
2,018
2,252
+13.0%
Cash and equivalents
1.8
1.5
1.9
+23.1%
Receivables
185
156
122
+18.4%
Other assets
563
690
891
-18.4%
Total assets
3,030
2,866
3,268
+5.7%
10-K for the year ended 31 December 2025, filed 25 February 2026: the filing.