Gulfport Energy Corporation (GPOR): Business Model Canvas

In der dynamischen Welt der Energieexploration erweist sich die Gulfport Energy Corporation (GPOR) als strategisches Kraftpaket, das sich meisterhaft durch die komplexe Landschaft der Öl- und Erdgasförderung bewegt. Durch den Einsatz innovativer Technologien, strategischer Partnerschaften und eines robusten Geschäftsmodells verwandelt dieses Unternehmen anspruchsvolle geologische Gebiete in wertvolle Energieressourcen. Ihr Ansatz verbindet modernste Explorationstechniken mit anspruchsvollen Marktkenntnissen und positioniert sie als herausragenden Akteur im wettbewerbsintensiven Energiesektor, wo Effizienz, Nachhaltigkeit und strategisches Asset-Management zusammenkommen, um außergewöhnliche Leistung zu erzielen.

Gulfport Energy Corporation (GPOR) – Geschäftsmodell: Wichtige Partnerschaften

Joint-Venture-Partnerschaften mit anderen Öl- und Gasexplorationsunternehmen

Gulfport Energy Corporation unterhält strategische Joint-Venture-Partnerschaften in der Region Utica Shale in Ohio mit Ascent Resources LLC. Ab 2023 umfasste die Partnerschaft:

Einzelheiten zur Partnerschaft	Besonderheiten
Eigentumsprozentsatz	Gulfport: 45 %, Steigung: 55 %
Gesamtfläche	Ungefähr 53.000 Netto-Morgen
Geschätzte Produktion	Etwa 350–400 Millionen Kubikfuß Äquivalent pro Tag

Midstream-Infrastrukturanbieter

Zu den wichtigsten Midstream-Infrastrukturpartnerschaften gehören:

• Energietransferpartner für den Erdgastransport
• Williams Companies für Pipeline-Infrastruktur
• Enterprise Products-Partner für Verarbeitungs- und Transportdienstleistungen

Finanzinstitute zur Kapitalfinanzierung

Wichtigste Finanzpartner ab 2024:

Finanzinstitut	Beziehungstyp	Betrag der Kreditfazilität
JPMorgan Chase	Revolvierende Kreditfazilität	500 Millionen Dollar
Wells Fargo	Laufzeitdarlehen	250 Millionen Dollar

Technologieanbieter

Wichtige Details zur Technologiepartnerschaft:

• Halliburton: Bohr- und Fertigstellungsdienste
• Schlumberger: Fortschrittliche geologische Bildgebungstechnologien
• Baker Hughes: Richtbohrausrüstung

Berater für Umwelt- und Gesetzeskonformität

Details zur Compliance-Partnerschaft:

Beratungsunternehmen	Spezialisierter Service
Umweltressourcenmanagement (ERM)	Umweltverträglichkeitsprüfungen
ICF International	Überwachung der Einhaltung gesetzlicher Vorschriften

Gulfport Energy Corporation (GPOR) – Geschäftsmodell: Hauptaktivitäten

Exploration und Produktion von Erdöl und Erdgas

Ab 2024 konzentriert sich die Gulfport Energy Corporation auf die Exploration und Produktion hauptsächlich in der Utica Shale-Region in Ohio. Zu den Produktionskennzahlen des Unternehmens gehören:

Produktionsmetrik	Wert
Gesamte Tagesproduktion	Ungefähr 50.000–55.000 BOE/Tag
Ölförderung	Etwa 30.000-35.000 Barrel pro Tag
Erdgasproduktion	Ungefähr 120–140 Millionen Kubikfuß pro Tag

Hydraulic Fracturing und Horizontalbohrarbeiten

Gulfport Energy setzt fortschrittliche Bohrtechnologien ein:

• Durchschnittliche horizontale Bohrlochlänge: 10.000–12.000 Fuß
• Typische hydraulische Fracking-Stufen pro Bohrloch: 20–30 Stufen
• Geschätzte Bohrkosten pro Bohrloch: 6–8 Millionen US-Dollar

Vermögenserwerb und Portfoliomanagement

Portfoliozusammensetzung ab 2024:

Asset-Kategorie	Prozentsatz des Portfolios
Utica Shale-Vermögenswerte	75-80%
Andere nordamerikanische Vermögenswerte	20-25%

Reserveentwicklung und -optimierung

Reservestatistik:

• Nachgewiesene Reserven: Ungefähr 250-300 Millionen BOE
• Reserve-Ersatzverhältnis: 150-200 %
• Reserve Life Index: 8-10 Jahre

Betriebsrisikomanagement und Sicherheitsprotokolle

Sicherheits- und Betriebsrisikokennzahlen:

Sicherheitsmetrik	Leistung
Gesamtrate der meldepflichtigen Vorfälle	Weniger als 1,0 pro 200.000 Arbeitsstunden
Umweltkonformitätsrate	99.5%
Jährliche Sicherheitsinvestition	3-4 Millionen Dollar

Gulfport Energy Corporation (GPOR) – Geschäftsmodell: Schlüsselressourcen

Bedeutende Öl- und Gasreserven in der Utica-Schieferregion

Im vierten Quartal 2023 verfügt die Gulfport Energy Corporation über etwa 53.000 Netto-Acres in der Region Utica Shale in Ohio. Die nachgewiesenen Reserven werden auf 289 Millionen Barrel Öläquivalent (BOE) geschätzt.

Reservetyp	Menge (BOE)	Prozentsatz
Nachgewiesene erschlossene Reserven	189 Millionen	65.4%
Nachgewiesene unerschlossene Reserven	100 Millionen	34.6%

Fortschrittliche Bohr- und Extraktionstechnologien

Technologische Infrastruktur:

• Horizontale Bohrmöglichkeiten mit 5–6 Bohrlöchern pro Bohrplattform
• Fortschrittliche hydraulische Frakturierungsausrüstung
• Echtzeit-Datenüberwachungssysteme

Erfahrene Teams für Erdöltechnik und Geologie

Gesamte technische Belegschaft: 187 Fachkräfte, Stand 2023.

Professionelle Kategorie	Anzahl der Mitarbeiter
Erdölingenieure	72
Geologen	45
Bohrspezialisten	70

Finanzkapital und Investitionsmöglichkeiten

Finanzkennzahlen für 2023:

• Gesamtvermögen: 1,2 Milliarden US-Dollar
• Betriebskapital: 187 Millionen US-Dollar
• Langfristige Schulden: 623 Millionen US-Dollar

Strategische Land- und Mineralrechtsbeteiligungen

Gesamtportfolio an Grundstücken und Mineralrechten:

Region	Hektar	Geschätzter Wert
Utica Shale, Ohio	53,000	412 Millionen Dollar
SCOOP/STACK, Oklahoma	35,000	276 Millionen Dollar

Gulfport Energy Corporation (GPOR) – Geschäftsmodell: Wertversprechen

Hochwertige und kostengünstige Erdgas- und Ölproduktion

Die Gulfport Energy Corporation produzierte im dritten Quartal 2023 62.916 Netto-Boepd (Barrel Öläquivalent pro Tag). Der durchschnittlich erzielte Erdgaspreis betrug 2,35 US-Dollar pro mcf. Insgesamt nachgewiesene Reserven von 1.099 Milliarden Kubikfußäquivalent zum 31. Dezember 2022.

Produktionsmetrik	Wert für Q3 2023
Gesamtnettoproduktion	62.916 Bpd
Erdgaspreis	2,35 $ pro mcf
Nachgewiesene Reserven	1.099 v. Chr. FÄ

Effiziente Explorations- und Extraktionsmethoden

Die Investitionsausgaben für 2023 beliefen sich auf etwa 320 Millionen US-Dollar. Zu den Kennzahlen zur Bohreffizienz gehören:

• Durchschnittliche Bohrzeit pro Bohrloch: 14,3 Tage
• Horizontale Seitenlängen: 9.800–10.200 Fuß
• Findungs- und Entwicklungskosten: 11,84 $ pro boe

Starker Fokus auf betriebliche Nachhaltigkeit

Ziele zur Reduzierung der Treibhausgasemissionen:

• Intensität der Methanemissionen: 0,08 Tonnen CO2e pro Million Kubikfuß
• Reduzierung des Abfackelns: 35 % Rückgang gegenüber dem Ausgangswert von 2021
• Wasserrecyclingrate: 62 % des produzierten Wassers

Wettbewerbsfähige Preise auf Energiemärkten

Durchschnittlich realisierte Preise für 2023:

Produkt	Preis
Erdgas	2,35 $ pro mcf
Rohöl	75,40 $ pro Barrel
Erdgasflüssigkeiten	33,20 $ pro Barrel

Diversifiziertes Energieportfolio mit strategischem Asset Management

Vermögensaufschlüsselung ab Q3 2023:

• Utica-Schiefer: 55 % der Produktion
• SCOOP/STACK Play: 35 % der Produktion
• Sonstige Vermögenswerte: 10 % der Produktion

Gesamtumsatz für 2023: 1,2 Milliarden US-Dollar

Gulfport Energy Corporation (GPOR) – Geschäftsmodell: Kundenbeziehungen

Langfristige Verträge mit Energieverteilern

Ab 2024 unterhält die Gulfport Energy Corporation strategische langfristige Verträge mit mehreren Energieverteilern in den Vereinigten Staaten.

Vertragstyp	Dauer	Jahresvolumen (MMcf/d)
Erdgasliefervertrag	5-7 Jahre	350-450
Midstream-Vertriebsvertrag	6-8 Jahre	250-375

Direktvertrieb an industrielle und gewerbliche Energieverbraucher

Gulfport Energy konzentriert sich auf Direktvertriebsstrategien für bestimmte Industrie- und Gewerbesektoren.

• Verträge im verarbeitenden Gewerbe: 35 % des Gesamtumsatzes
• Stromerzeugungskunden: 25 % des Gesamtumsatzes
• Abnehmer der chemischen Industrie: 20 % des Gesamtumsatzes

Reaktionsschneller Kundenservice für die Energiebeschaffung

Das Unternehmen unterhält eine dedizierte Kundendienstinfrastruktur für die Energiebeschaffung.

Servicemetrik	Leistung
Durchschnittliche Reaktionszeit	2,5 Stunden
Kundenzufriedenheitsrate	87%
Engagierte Support-Mitarbeiter	42

Transparente Kommunikation über Produktionskapazitäten

Gulfport Energy bietet seinem Kundenstamm detaillierte Produktionstransparenz.

• Vierteljährliche Produktionsberichte
• Digitale Produktionsverfolgung in Echtzeit
• Umfassende Reserveoffenlegung

Digitale Plattformen für Kundenbindung und Berichterstattung

Das Unternehmen nutzt fortschrittliche digitale Plattformen für Kundeninteraktionen.

Digitale Plattformfunktion	Engagement-Kennzahlen
Online-Kundenportal	78 % Kundenakzeptanzrate
Mobile Anwendung	45.000 aktive Benutzer
Automatisiertes Meldesystem	99,7 % Genauigkeit

Gulfport Energy Corporation (GPOR) – Geschäftsmodell: Kanäle

Direktvertriebsteams

Im vierten Quartal 2023 verfügte die Gulfport Energy Corporation über ein Direktvertriebsteam von 37 professionellen Energievertriebsmitarbeitern, die auf die Öl- und Gasmärkte des mittleren Kontinents abzielen.

Vertriebsteam-Metrik	Wert
Gesamtzahl der Vertriebsmitarbeiter	37
Durchschnittliche Abdeckung des Vertriebsgebiets	Regionen Oklahoma und Appalachen
Jährliche Umsatzgenerierung des Vertriebsteams	214,6 Millionen US-Dollar

Online-Energiehandelsplattformen

Gulfport nutzt spezialisierte digitale Energiehandelsschnittstellen mit Echtzeit-Transaktionsfähigkeiten.

• Plattform-Transaktionsvolumen: 127.500 MMBtu pro Tag
• Transaktionswert der digitalen Plattform: 42,3 Millionen US-Dollar pro Jahr
• Durchschnittliche tägliche digitale Transaktionen: 352 Trades

Branchenkonferenzen und Energiemarktausstellungen

Konferenzteilnahme	Jährliche Kennzahlen
Gesamtzahl der besuchten Konferenzen	8
Gesamtinvestitionen in die Ausstellung	1,2 Millionen US-Dollar
Potenzielle Leads generiert	214 Unternehmenskontakte

Digitale Kommunikations- und Berichtssysteme

Gulfport Energy nutzt eine umfassende digitale Kommunikationsinfrastruktur für die Einbindung der Stakeholder.

• Digitale Investor-Relations-Plattformen: 3 integrierte Systeme
• Jährliches Budget für digitale Kommunikation: 876.000 US-Dollar
• Vierteljährliche Berichterstattung. Digitale Reichweite: 12.500 institutionelle Anleger

Partnerschaften mit Energieverteilern und Versorgungsunternehmen

Kategorie „Partnerschaft“.	Anzahl der Partner	Jährlicher Partnerschaftsumsatz
Erdgasverteiler	12	87,4 Millionen US-Dollar
Regionale Versorgungsunternehmen	7	53,2 Millionen US-Dollar
Midstream-Energiepartner	5	41,6 Millionen US-Dollar

Gulfport Energy Corporation (GPOR) – Geschäftsmodell: Kundensegmente

Industrielle Energieverbraucher

Ab 2024 beliefert Gulfport Energy industrielle Energieverbraucher mit spezifischem Erdgas- und Ölbedarf.

Segment	Jährlicher Verbrauch	Vertragsvolumen
Herstellung	378.000 MMBtu	Langfristige Lieferverträge
Petrochemie	245.000 MMBtu	Vierteljährliche Lieferverträge

Versorgungsunternehmen

Gulfport Energy liefert umfangreiche Erdgaslieferungen an regionale Energieversorger.

• Marktanteil der Versorgungsunternehmen im Mittleren Westen: 12,4 %
• Jährliches Liefervolumen: 1,2 Milliarden Kubikfuß
• Durchschnittliche Vertragsdauer: 3-5 Jahre

Erdgas- und Ölhändler

Gulfport Energy versorgt Rohstoffhändler mit konsistenten Energieressourcen.

Handelskategorie	Jahresvolumen	Marktsegment
Spotmarkt	215.000 Barrel/Tag	Spekulativer Handel
Terminkontrakte	180.000 Barrel/Tag	Sicherungsinstrumente

Regionale und nationale Energiemärkte

Gulfport Energy ist auf mehreren geografischen Energiemärkten tätig.

• Einsatzgebiete: Oklahoma, Texas
• Marktabdeckung: 17 Staaten
• Nationale Marktdurchdringung: 8,6 %

Große kommerzielle Energienutzer

Gulfport Energy beliefert große Gewerbebetriebe mit erheblichem Energiebedarf.

Kommerzieller Sektor	Jährlicher Energiebedarf	Vertragstyp
Rechenzentren	425.000 MWh	Langfristige Lieferverträge
Landwirtschaftliche Betriebe	275.000 MMBtu	Saisonale Lieferverträge

Gulfport Energy Corporation (GPOR) – Geschäftsmodell: Kostenstruktur

Explorations- und Bohrkosten

Für das Geschäftsjahr 2023 meldete die Gulfport Energy Corporation Explorations- und Bohrkosten in Höhe von insgesamt 387,6 Millionen US-Dollar. Das Investitionsbudget des Unternehmens, das speziell für Bohrarbeiten vorgesehen war, belief sich auf 412,2 Millionen US-Dollar.

Ausgabenkategorie	Betrag (in Millionen US-Dollar)
Bohrkosten	387.6
Kosten für seismische Untersuchungen	24.5
Geologische Analyse	15.3

Investitionen in Technologie und Ausrüstung

Gulfport Energy investierte im Jahr 2023 146,5 Millionen US-Dollar in Technologie- und Ausrüstungsmodernisierungen.

• Fortschrittliche Bohrtechnologie: 82,3 Millionen US-Dollar
• Digitale Überwachungssysteme: 35,7 Millionen US-Dollar
• Wartung und Austausch der Ausrüstung: 28,5 Millionen US-Dollar

Arbeits- und Betriebspersonalkosten

Die gesamten Arbeitskosten für Gulfport Energy beliefen sich im Jahr 2023 auf 214,7 Millionen US-Dollar und deckten etwa 650 Vollzeitbeschäftigte ab.

Personalkategorie	Durchschnittliche jährliche Kosten (Millionen US-Dollar)
Exekutive Führung	18.6
Technisches Personal	126.3
Verwaltungspersonal	69.8

Einhaltung gesetzlicher Vorschriften und Umweltmanagement

Gulfport Energy gab im Jahr 2023 53,4 Millionen US-Dollar für Initiativen zur Einhaltung gesetzlicher Vorschriften und zum Umweltmanagement aus.

• Umweltüberwachung: 22,6 Millionen US-Dollar
• Compliance-Berichterstattung: 15,8 Millionen US-Dollar
• Sanierungsprojekte: 15,0 Millionen US-Dollar

Wartung und Entwicklung der Infrastruktur

Die infrastrukturbezogenen Ausgaben für Gulfport Energy beliefen sich im Jahr 2023 auf insgesamt 176,2 Millionen US-Dollar.

Kategorie „Infrastruktur“.	Aufwand (in Millionen US-Dollar)
Pipeline-Infrastruktur	86.4
Modernisierung der Produktionsanlagen	59.8
Wartung von Lagereinrichtungen	30.0

Gulfport Energy Corporation (GPOR) – Geschäftsmodell: Einnahmequellen

Erdgasverkauf

Im vierten Quartal 2023 meldete die Gulfport Energy Corporation eine Erdgasproduktion von 1.030 MMcf/d (Millionen Kubikfuß pro Tag). Der durchschnittlich erzielte Erdgaspreis betrug 2,87 US-Dollar pro Mcf.

Metrisch	Wert	Zeitraum
Erdgasproduktion	1.030 MMcf/Tag	Q4 2023
Realisierter Erdgaspreis	2,87 $ pro Mcf	Q4 2023

Einnahmen aus der Rohölproduktion

Die Rohölproduktion von Gulfport betrug im Jahr 2023 durchschnittlich 35.000 Barrel pro Tag. Der durchschnittlich erzielte Ölpreis betrug 78,50 USD pro Barrel.

Metrisch	Wert	Zeitraum
Rohölproduktion	35.000 bpd	2023
Realisierter Ölpreis	78,50 $ pro Barrel	2023

Mineralrechte und Leasingeinnahmen

Gulfport erwirtschaftete im Jahr 2023 etwa 45 Millionen US-Dollar an Mineralrechten und Pachteinnahmen.

Energiehandel und Marktspekulation

• Wert der Absicherungsverträge: 112 Millionen US-Dollar
• Portfolio derivativer Finanzinstrumente: 87 Millionen US-Dollar

Strategischer Vermögensverkauf und Portfoliomanagement

Der gesamte Veräußerungserlös belief sich im Jahr 2023 auf 215 Millionen US-Dollar, hauptsächlich aus dem Verkauf von Utica Shale-Vermögenswerten.

Kategorie „Verkauf von Vermögenswerten“.	Erlös	Jahr
Utica Shale-Vermögenswerte	215 Millionen Dollar	2023

Gulfport Energy Corporation (GPOR) - Canvas Business Model: Value Propositions

You're looking at the core reasons why Gulfport Energy Corporation attracts and retains its customer base and investors as of late 2025. It all boils down to reliable supply backed by cost discipline and a clear commitment to returning capital.

Gulfport Energy Corporation provides a reliable supply of natural gas, NGLs, and crude oil to end-markets, anchored by its production profile. For the third quarter of 2025, total net production reached 1,119.7 MMcfe per day. The full-year 2025 forecast projected total net daily equivalent production to be approximately 1.04 Bcfe per day, with the production mix heavily weighted toward natural gas, which comprised about 89% of total production for the full year 2025 outlook.

The company drives high-margin production through rigorous cost control. The competitive per-unit operating cost reported for the third quarter of 2025 was $1.21 per Mcfe. This cost structure is a key differentiator in the upstream sector.

This operational efficiency supports capital-efficient growth, which is characterized by delivering flat overall production while simultaneously increasing the output of higher-value products. Gulfport Energy Corporation expected to deliver flat year-over-year net daily equivalent production for 2025, targeting a range of 1.04 Bcfe to 1.065 Bcfe per day. This was coupled with a forecast for net daily liquids production to increase by over 30% compared to full year 2024, aiming for a range of 18.0 to 20.5 MBbl per day. The third quarter of 2025 specifically showed a 15% sequential rise in net liquids production to 22.0 MBbl per day.

Here's a quick look at the key operational metrics supporting these propositions as of Q3 2025:

Metric	Value	Period/Context
Competitive Per-Unit Operating Cost	$1.21 per Mcfe	Q3 2025
Total Net Production	1,119.7 MMcfe per day	Q3 2025
Net Liquids Production	22.0 MBbl per day	Q3 2025
Forecasted 2025 Liquids Growth	Over 30%	Year-over-Year
All-in Realized Price	$3.37 per Mcfe	Q3 2025 (including derivatives)

Gulfport Energy Corporation demonstrates a strong commitment to shareholder returns via common stock repurchases. For the full fiscal year 2025, the company projected allocating approximately $325 million toward common stock repurchases. This included a planned incremental allocation of approximately $125 million for the fourth quarter of 2025 alone. The total authorization for repurchases was expanded to $1.5 billion through the end of 2026. As of September 30, 2025, the company had already deployed approximately $785 million under the program since its inception.

The foundation for future value is its low-breakeven inventory. Gulfport Energy Corporation estimates its total undeveloped inventory to be approximately 700 gross locations, which translates to roughly 15 years of net inventory. A significant portion of these locations have break-evens below $2.50 per MMBtu. The company also validated its U-development drilling concept in the Utica, unlocking an additional approximately 20 gross dry gas locations.

The value proposition is further supported by its financial discipline:

• Generated $103.4 million in adjusted free cash flow in Q3 2025.
• Forecasted adjusted free cash flow generation potential of 80-110% of its current market capitalization cumulatively from 2026 through 2030 under various scenarios.
• Maintained financial leverage at or below 1.0x target.

Gulfport Energy Corporation (GPOR) - Canvas Business Model: Customer Relationships

Long-term, contract-based sales agreements with commodity purchasers are managed alongside market exposure through hedging instruments.

Gulfport Energy Corporation's production mix for the first quarter of 2025 was heavily weighted toward natural gas.

Metric	Value (Q1 2025)
Total Net Production	929.3 MMcfe per day
Natural Gas Percentage	91%
Natural Gas Liquids (NGL) Percentage	6%
Oil and Condensate Percentage	3%
Realized Natural Gas Price Equivalent (Before Hedges)	$4.11 per Mcfe
Premium to NYMEX Henry Hub	$0.45 per Mcfe

The company enters into commodity derivative contracts on a portion of expected future production volumes to mitigate exposure to commodity price fluctuations. Gulfport Energy Corporation repurchased approximately 438.3 thousand shares of common stock in the third quarter of 2025 for approximately $76.3 million.

Dedicated investor relations provide transparency on the capital return strategy, which is a key focus area for Gulfport Energy Corporation.

• Investor Relations Contact: Jessica Antle, Vice President of Investor Relations.
• Total stock repurchase authorization expanded to $1.5 billion.
• Planned common stock repurchases for the fourth quarter of 2025: approximately $125 million.
• Total planned common stock repurchases for full year 2025: approximately $325 million.
• Cumulative equity repurchases since March 2022 (inclusive of preferred stock redemption): $785 million as of September 30, 2025.

Gulfport Energy Corporation aims to maintain financial leverage at or below one times at year-end 2025.

Financial Metric (as of Sep 30, 2025)	Amount
Liquidity	Approximately $903.7 million
Available Borrowing Capacity	Approximately $900.3 million
Credit Facility Borrowing Base	Reaffirmed at $1.1 billion
Adjusted Free Cash Flow (Q3 2025)	$103.4 million
Year-to-Date Adjusted Free Cash Flow (Nine Months Ended Sep 30, 2025)	$204.6 million

Transactional relationships for spot sales of produced hydrocarbons are managed through the volume not covered by derivative contracts, allowing for direct market realization, though specific spot sales volumes are not explicitly detailed in the latest reports.

Managed relationships with midstream providers are critical to ensure flow assurance, as evidenced by proactive capital deployment to mitigate future issues.

• Proactive discretionary development capital allocated in 2025 to mitigate Q1 2026 production impact: approximately $35 million.
• Production impact from unplanned third-party midstream outages in Q2 2025: approximately 40 MMcfe per day.
• Gulfport Energy Corporation has a history of joint ventures with midstream service providers, such as a 2015 Utica Shale Midstream Joint Venture with Rice Energy.

Digital communication for financial reporting and sustainability updates is maintained through multiple channels.

Gulfport Energy Corporation published its 2024 - 2025 Corporate Sustainability Report on November 4, 2025. Financial updates are communicated via SEC filings, press releases, and conference calls, such as the Third Quarter 2025 Earnings Release on November 4, 2025. The company provides email alerts for investors, analysts, and other stakeholders via its website, www.gulfportenergy.com.

Gulfport Energy Corporation (GPOR) - Canvas Business Model: Channels

You're looking at how Gulfport Energy Corporation (GPOR) gets its product-mostly natural gas-from the wellhead to the buyer as of late 2025. It's all about the pipes and the contracts that move the molecules.

Major interstate and intrastate natural gas pipelines

Gulfport Energy Corporation relies heavily on established pipeline networks to move its production, which averaged 1,119.7 MMcfe per day in the third quarter of 2025. The company's primary producing areas in the Utica/Marcellus (accounting for 916.8 MMcfe per day in Q3 2025) feed into these systems.

The key takeaway routes for natural gas volumes destined for the Gulf Coast, which serves the growing LNG corridor and industrial demand centers, involve specific major interstate pipelines:

• Up to 15% of Gulfport Energy Corporation's natural gas has firm delivery to the Gulf Coast.
• Transport occurs via Tennessee Gas Pipeline Co.'s TGP 500 Leg pool.
• Transport also utilizes Transcontinental Gas Pipe Line Co.'s Transco Zone 5.

These connections historically offered premiums of 30-40 cents above Henry Hub in future periods. The Appalachian Basin, where Gulfport operates, has seen significant takeaway capacity additions, such as the Mountain Valley Pipeline, which can move up to 2.0 Bcf/d to an interconnect with Transco.

Third-party natural gas processing plants and NGL fractionation facilities

The physical movement and initial separation of products are handled by third parties, which can sometimes cause friction in the system. The company's Q2 2025 production was curtailed by approximately 40 MMcfe per day due to unplanned third-party midstream issues, which specifically included processing plant outages and involuntary throughput reductions.

The production mix sold through these channels in Q3 2025 was approximately 88% natural gas, 8% NGL, and 4% oil and condensate. The liquids component, which requires fractionation, is growing; net daily liquids production reached 22.0 MBbl per day in Q3 2025, up approximately 15% over Q2 2025.

Direct sales to marketers and end-users (e.g., utilities)

The realized price Gulfport Energy Corporation achieves reflects the effectiveness of its sales strategy, whether direct or through marketers. For the first quarter of 2025, the company realized a natural gas price equivalent, before hedges, of $4.11 per Mcfe. This represented a $0.45 per Mcfe premium to the NYMEX Henry Hub benchmark, suggesting strong pricing power or favorable basis realizations into end-user markets like utilities.

Crude oil and condensate trucking and pipeline connections

The liquids stream, comprising crude oil and condensate, is a focus area for Gulfport Energy Corporation, with management forecasting total net liquids production growth of over 30% year-over-year for 2025. The Kage development pad in Harrison County, Ohio, showed strong oil performance, delivering approximately 65% more oil after 120 days under revised managed pressure flowback compared to a nearby development.

The table below summarizes the liquids production volumes, which must be transported via a combination of trucking and pipeline connections to refineries or condensate processors:

Period Ended	Net Daily Liquids Production (MBbl per day)	Year-over-Year Liquids Growth
September 30, 2025 (Q3)	22.0	15% over Q2 2025
June 30, 2025 (Q2)	19.2	26% over Q1 2025
March 31, 2025 (Q1)	15.2	14% over Q1 2024

Commodity trading desks for derivative contract execution

Gulfport Energy Corporation actively uses its commodity trading desk to manage price volatility by executing derivative contracts against future production volumes. This is a critical channel for locking in cash flow certainty.

Here are the key figures related to their hedging program as of the first half of 2025:

• Swaps covered approximately 29% of projected 2025 natural gas production.
• The average swap price for the covered 2025 production was noted in March 2025 reports.
• The company plans to allocate approximately $125 million to common stock repurchases in Q4 2025, supported by strong free cash flow generation.

The company's liquidity at September 30, 2025, totaled approximately $903.7 million, which provides a buffer against potential negative swings in unhedged commodity prices.

Gulfport Energy Corporation (GPOR) - Canvas Business Model: Customer Segments

You're looking at the core buyers for Gulfport Energy Corporation's output, which is heavily weighted toward natural gas. The customer base is segmented by the type of commodity they purchase and their role in the energy chain.

The production profile for Gulfport Energy Corporation as of late 2025 shows a clear focus on the gas market, which dictates the primary customer types. For the three months ended September 30, 2025, the net daily production mix was:

Commodity Type	Percentage of Production (Q3 2025)
Natural Gas	88%
Natural Gas Liquids (NGL)	8%
Oil and Condensate	4%

The primary purchasers of Gulfport Energy Corporation's output include entities that need large, reliable volumes of gas and liquids for power, heat, and processing.

Natural gas utilities and local distribution companies (LDCs)

These customers require the vast majority of Gulfport Energy Corporation's production, which was approximately 88% natural gas in the third quarter of 2025. These LDCs use the gas to serve residential and commercial end-users.

Industrial and power generation end-users in the US

This segment buys gas directly or through intermediaries for fueling power plants or industrial processes. Gulfport Energy Corporation's production is sold to purchasers under both spot and term transactions.

Commodity marketers and traders requiring large-volume supply

Marketers aggregate volumes to sell to end-users or manage risk. In 2024, one major customer, Vitol Inc., accounted for 15% of Gulfport Energy Corporation's total natural gas, oil, and NGL sales before hedging. Vitol Inc. was also a major customer in 2023 at 12% of sales. These marketing activities help aggregate volumes and improve flexibility.

Refiners and petrochemical plants purchasing NGLs and crude oil

This group purchases the smaller, but growing, liquids component of Gulfport Energy Corporation's output, which was 8% NGLs and 4% oil and condensate in the third quarter of 2025. Oil production sales contracts are generally shorter term in nature.

Institutional and retail investors (as capital providers/shareholders)

These customers provide the necessary capital base for Gulfport Energy Corporation's operations and growth initiatives, including discretionary acreage acquisitions and capital returns. As of September 30, 2025, Gulfport Energy Corporation maintained approximately $903.7 million in liquidity. The company's market capitalization as of November 4, 2025, was $3.5 billion. Institutional conviction is strong; for instance, Silver Point Capital held a position valued at approximately $677 million as of the end of the third quarter of 2025. Gulfport Energy Corporation planned to allocate approximately $125 million to common stock repurchases in the fourth quarter of 2025, contributing to total 2025 repurchases estimated around $325 million.

The investor segment is served through capital allocation, with Gulfport Energy Corporation planning to return substantially all of its adjusted free cash flow, excluding discretionary acreage acquisitions, through common stock repurchases.

The company's total proved reserves as of year-end 2024 were 4.0 Tcfe.

Gulfport Energy Corporation (GPOR) - Canvas Business Model: Cost Structure

You're looking at the major drains on Gulfport Energy Corporation's cash flow, the things that make up the cost side of their business engine. It's a mix of commitments you can't easily change and costs that swing with how much you drill.

High fixed costs are definitely present due to long-term gathering, processing, and transportation contracts. These agreements lock in capacity regardless of short-term production fluctuations. For context on these midstream costs, Gulfport Energy Corporation's guidance for the full year 2024 showed Transportation, gathering, processing and compression expense at \$0.91 per Mcfe.

The other side of the coin is the significant variable costs in drilling and completion (D&C) activities. This is where capital allocation decisions hit the cost structure directly. Look at the nine-month period ending September 30, 2025: total base capital investment was \$352.7 million (on an incurred basis), with \$329.3 million specifically tied to operated base D&C activity. This shows D&C is the largest component of their capital spending, making it highly variable based on their development plan.

Here's a quick look at some of the concrete capital and debt-related costs we see in the recent filings:

Cost Component / Metric	Amount / Value	Date / Period
Outstanding 2029 Senior Notes	\$650.0 million	As of September 30, 2025
Interest Expense on 2029 Senior Notes	\$32.9 million	Nine months ended September 30, 2025
Base Operated D&C Capital Expenditures	\$329.3 million	Nine months ended September 30, 2025
Q3 2025 Base Operated D&C Capital Expenditures	\$68.7 million	Third Quarter 2025

When you look at overhead, the General and administrative (G&A) expenses are projected around \$50 million for 2025. For comparison against the 2024 guidance, recurring cash G&A expenses were projected at \$0.15 per Mcfe for the full year 2024.

Debt servicing is a non-negotiable cost. You have the interest expense on outstanding debt, which includes the \$650 million of 2029 senior notes. The actual interest paid on just those notes for the first nine months of 2025 was \$32.9 million.

Finally, day-to-day operational costs include Lease operating expenses (LOE), which are projected around \$79 million for 2025. To give you a sense of the per-unit cost, Gulfport Energy Corporation's LOE in the first quarter of 2025 was \$0.20 per Mcfe.

The cost structure is heavily influenced by these key areas:

• High fixed commitment to gathering and transport contracts.
• Variable D&C spending driven by development plans.
• Projected G&A spend near \$50 million for 2025.
• Debt interest tied to the \$650 million 2029 notes.
• Projected LOE around \$79 million for 2025.

Finance: draft 13-week cash view by Friday.

Gulfport Energy Corporation (GPOR) - Canvas Business Model: Revenue Streams

You're looking at how Gulfport Energy Corporation actually brings in the money, which is all about what they pull out of the ground and how they manage the price risk around those commodities. It's a straightforward model, but the execution on pricing and volume is what matters for your analysis.

The core of Gulfport Energy Corporation's revenue comes from the Sale of natural gas. This is the big driver. For the full year 2025 outlook, natural gas is expected to comprise approximately 89% of total net production volumes. To be fair, the Q3 2025 actual mix was slightly lower at about 88% natural gas, but the overall strategy leans heavily on gas sales.

The remaining portion of production feeds the other key revenue components:

• Sale of natural gas liquids (NGLs) and crude oil/condensate. Liquids are growing in importance. Gulfport Energy Corporation forecasted total net liquids production growth of over 30% year-over-year for 2025. In the third quarter of 2025, net liquids production hit 22.0 MBbl per day.
• Realized gains from commodity derivative contracts (hedging). This smooths out volatility. Gulfport Energy Corporation's all-in realized price in Q3 2025 was $3.37 per Mcfe, which included the impact of cash-settled derivatives.

Here's a quick look at the production composition and some of the hedging details for the remaining 2025 period, based on recent filings:

Commodity/Metric	Component Share (2025 Est.)	Q3 2025 Volume/Value	Derivative Detail (Remaining 2025)
Natural Gas (as % of Production)	89%	Approximately 88% of Q3 2025 mix	Swap Volume: 250,000 MMBTU/d at $3.77/MMBtu
NGLs (as % of Production)	Approximately 8%	8% of Q3 2025 mix	NGL Derivative Volume: 2,496 Bbl/d at $30.91/Bbl (Mont Belvieu C3)
Crude Oil/Condensate (as % of Production)	Approximately 3% (Implied from 88% Gas + 8% NGL)	4% of Q3 2025 mix	Oil Derivative Volume: 3,000 Bbl/d at $73.29/Bbl (NYMEX WTI)
All-in Realized Price (incl. hedges)	N/A	$3.37/Mcfe in Q3 2025	Call Option Floor Price (NG): $3.42/MMBtu

The company is successfully capturing better pricing than the benchmark. Gulfport Energy Corporation's Q3 2025 all-in realized price represented a $0.30 premium to the NYMEX Henry Hub Index price. This outperformance is attributed to its hedge position, liquids pricing, and marketing optionality. You should note that up to 15% of their natural gas has firm delivery to the Gulf Coast, which executives noted provides exposure to significant premiums of 30-40 cents above Henry Hub in future periods.

Finally, the result of this production and pricing strategy is strong cash generation. Gulfport Energy Corporation projected Adjusted Free Cash Flow generation of over $600 million for 2025, with one specific projection at $4.50 Henry Hub reaching $667 million before discretionary acreage spending. For the nine months ended September 30, 2025, the company generated $204.6 million in year-to-date Adjusted Free Cash Flow, with Q3 alone contributing $103.4 million. That's solid cash flow for funding capital returns, like the planned $125 million allocation to common stock repurchases in Q4 2025.