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GULFPORT ENERGY   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period2024202320222021202020192018201720162015
Period End Date12/31/202412/31/202312/31/202212/31/202112/31/202012/31/201912/31/201812/31/201712/31/201612/31/2015
Gas sales714.16831.811,998.451,250.49671.54918.261,121.82846.00420.13507.73
Oil and condensate sales101.5999.85147.44110.4562.90117.94177.79124.5781.17141.82
Natural gas liquids sales112.86119.72184.96141.9266.81101.45178.92136.0659.1259.45
Net gain on gas, oil and NGL derivatives29.53740.32(999.75)(694.06)65.29208.36(123.48)213.68----
Other income----------------(174.51)0.49
Total Revenues958.131,791.701,331.11808.80866.541,346.011,355.041,320.30385.91709.48
COGS-Operating expenses--------------------
Production taxes--------28.5128.5733.4821.1313.2814.74
Lease operating expenses70.1168.6564.7951.7054.2483.0091.6480.2568.8869.48
Depreciation, depletion, and amortization325.72319.72267.76223.68239.74550.11486.66364.63245.97337.69
General and Administrative42.5638.6035.3053.6459.3347.9856.6352.9443.4141.97
Restructuring Costs--4.76--2.8630.854.61--------
Gain on sale of assets----------------0.000.00
Taxes other than income(29.74)(33.72)(60.14)(42.59)------------
Impairment of oil and gas properties(373.21)----(117.81)(1,357.10)(2,039.77)----(715.50)(1,440.42)
Accretion expense(2.31)(2.78)(2.75)(2.44)(3.07)(3.94)(4.12)(1.61)(1.06)(0.82)
Acquisition expense----------0.00--(2.39)----
Midstream transportation, processing, and marketing(351.24)(348.63)(357.25)(373.10)(456.32)(291.73)(290.19)(249.00)(165.97)(138.59)
Impairment of other property and equipment------(14.57)------------
Total Cost and Expenses1,194.89816.86787.99882.392,229.153,049.70962.72771.941,254.062,043.70
Operating Income (Loss)(236.76)974.85543.13(73.58)(1,362.61)(1,703.69)392.32548.37(868.15)(1,334.23)
Interest expense59.9857.0759.7745.01120.08141.79135.27108.2063.5351.22
Interest expense - preferred stock--------------------
Reorganization items, net------(266.90)152.36----------
Litigation settlement------------1.08--0.000.00
Proceeds from Litigation Trust--------------------
Gain on contribution of investments----------------0.000.00
Loss (income) from equity method investments------(0.34)(11.06)(210.15)124.77(5.26)(33.99)(106.09)
Gain on sale of equity method investments------------49.90------
Interest income--------0.410.800.311.011.230.64
Loss on debt extinguishment(13.39)----(3.04)49.5848.63----(23.78)--
Insurance proceeds------------0.23--5.7210.02
Business interruption insurance recoveries--------------------
Gain on settlement of disputed amounts--------------------
Settlement of fixed price contracts--------------------
Other expense (income)(7.34)27.9811.35(14.76)(21.74)(3.73)(0.70)1.04(0.13)--
TOTAL OTHER (INCOME) EXPENSE80.7129.0948.43(203.74)255.24306.23(38.17)111.41114.47146.66
Income (loss) before income taxes(317.46)945.76494.70130.16(1,617.84)(2,009.92)430.49436.96(982.62)(1,480.89)
Income tax expense (benefit)(56.08)(525.16)--(8.01)7.29(7.56)(0.07)1.81(2.91)(256.00)
Income (loss) from Continuing Operations----------------(979.71)--
DISCONTINUED OPERATIONS-Loss on disposal of Belize properties, net of tax--------------------
NET INCOME BEFORE EFFECT OF CHANGE IN ACCOUNTING PRINCIPLE--------------------
Cumulative effect of change in accounting principle--------------------
Consolidated Net Income (Loss)(261.39)1,470.92494.70138.17(1,625.13)(2,002.36)430.56----(1,224.88)
Less: Preferred stock dividends4.234.845.444.57------------
Participating securities - preferred stock--212.3676.40--------------
Net income (loss) available to common stockholders(265.62)1,253.72412.86133.59(1,625.13)(2,002.36)430.56435.15(979.71)(1,224.88)
Basic: Per common share before effect of change in accounting principle--------------------
Basic net income from discontinued operations, net of tax, per share--------------------
Basic: Effect per common share of change in accounting principle--------------------
Net income per common share- Basic(14.72)67.2420.456.50(10.14)(12.49)2.462.42(7.97)(12.27)
Diluted: Per common share before effect of change in accounting principle--------------------
Diluted net income from discontinued operations, net of tax, pershare--------------------
Diluted: Effect per common share of change in accounting principle--------------------
Net income per common share- Diluted(14.72)66.4620.326.50(10.14)(12.49)2.452.41(7.97)(12.27)
Weighted average shares outstanding- Basic18.0518.6520.1920.55160.23160.34174.68179.83122.9599.79
Weighted average shares outstanding- Diluted18.0518.9020.3520.55160.23160.34175.40180.25122.9599.79