Gulfport Energy Corporation (GPOR): Lienzo del Modelo de Negocio [Actualizado en Ene-2025]

En el mundo dinámico de la exploración energética, Gulfport Energy Corporation (GPOR) emerge como una potencia estratégica, navegando magistralmente el complejo panorama de la producción de petróleo y gas natural. Al aprovechar tecnologías innovadoras, asociaciones estratégicas y un sólido lienzo de modelo de negocio, esta corporación transforma los terrenos geológicos desafiantes en valiosos recursos energéticos. Su enfoque combina técnicas de exploración de vanguardia con ideas sofisticadas del mercado, posicionándolas como un jugador formidable en el sector energético competitivo, donde la eficiencia, la sostenibilidad y la gestión estratégica de activos convergen para impulsar un rendimiento excepcional.

Gulfport Energy Corporation (GPOR) - Modelo de negocios: asociaciones clave

Asociaciones de empresas conjuntas con otras compañías de exploración de petróleo y gas

Gulfport Energy Corporation tiene asociaciones estratégicas de empresas conjuntas en la región de Shale de Ohio con Ascent Resources LLC. A partir de 2023, la asociación involucrada:

Detalles de la asociación	Detalles específicos
Porcentaje de propiedad	Gulfport: 45%, Ascenso: 55%
Superficie total	Aproximadamente 53,000 acres netos
Producción estimada	Aproximadamente 350-400 millones de pies cúbicos equivalentes por día

Proveedores de infraestructura de Midstream

Las asociaciones clave de infraestructura de Midstream incluyen:

• Socios de transferencia de energía para el transporte de gas natural
• Compañías de Williams para infraestructura de tuberías
• Socios de productos empresariales para servicios de procesamiento y transporte

Instituciones financieras para fondos de capital

Socios financieros principales a partir de 2024:

Institución financiera	Tipo de relación	Monto de la facilidad de crédito
JPMorgan Chase	Facilidad de crédito giratorio	$ 500 millones
Wells Fargo	Préstamo a plazo	$ 250 millones

Proveedores de tecnología

Detalles de la asociación de tecnología crítica:

• Halliburton: servicios de perforación y finalización
• Schlumberger: tecnologías avanzadas de imágenes geológicas
• Baker Hughes: equipo de perforación direccional

Consultores de cumplimiento ambiental y regulatorio

Detalles de la asociación de cumplimiento:

Consultor	Servicio especializado
Gestión de recursos ambientales (ERM)	Evaluaciones de impacto ambiental
ICF International	Monitoreo de cumplimiento regulatorio

Gulfport Energy Corporation (GPOR) - Modelo de negocio: actividades clave

Exploración y producción de petróleo y gas natural

A partir de 2024, Gulfport Energy Corporation se centra en la exploración y la producción principalmente en la región de esquisto de Utica de Ohio. Las métricas de producción de la compañía incluyen:

Métrica de producción	Valor
Producción diaria total	Aproximadamente 50,000-55,000 boe/día
Producción de petróleo	Alrededor de 30,000-35,000 barriles por día
Producción de gas natural	Aproximadamente 120-140 millones de pies cúbicos por día

Operaciones de fractura hidráulica y perforación horizontal

Gulfport Energy emplea tecnologías de perforación avanzadas:

• Longitud promedio del pozo horizontal: 10,000-12,000 pies
• Etapas de fracturación hidráulica típica por pozo: 20-30 etapas
• Costo de perforación estimado por pozo: $ 6-8 millones

Adquisición de activos y gestión de cartera

Composición de cartera a partir de 2024:

Categoría de activos	Porcentaje de cartera
Activos de esquisto de Utica	75-80%
Otros activos norteamericanos	20-25%

Desarrollo y optimización de reserva

Estadísticas de reserva:

• Reservas probadas: aproximadamente 250-300 millones de boe
• Relación de reemplazo de reserva: 150-200%
• Índice de vida de reserva: 8-10 años

Protocolos de gestión de riesgos operativos y protocolos de seguridad

Seguridad y métricas de riesgo operativo:

Métrica de seguridad	Actuación
Tasa de incidentes total registrable	Menos de 1.0 por cada 200,000 horas de trabajo
Tasa de cumplimiento ambiental	99.5%
Inversión de seguridad anual	$ 3-4 millones

Gulfport Energy Corporation (GPOR) - Modelo de negocios: recursos clave

Reservas significativas de petróleo y gas en la región de esquisto de Utica

A partir del cuarto trimestre de 2023, Gulfport Energy Corporation posee aproximadamente 53,000 acres netos en la región de esquisto de Utica de Ohio. Reservas probadas estimadas en 289 millones de barriles de aceite equivalente (BOE).

Tipo de reserva	Cantidad (boe)	Porcentaje
Reservas desarrolladas probadas	189 millones	65.4%
Reservas no desarrolladas probadas	100 millones	34.6%

Tecnologías avanzadas de perforación y extracción

Infraestructura tecnológica:

• Capacidades de perforación horizontal con 5-6 pozos por almohadilla de perforación
• Equipo avanzado de fractura hidráulica
• Sistemas de monitoreo de datos en tiempo real

Equipos de ingeniería de petróleo y geológicos calificados

Fuerza laboral técnica total: 187 empleados especializados a partir de 2023.

Categoría profesional	Número de empleados
Ingenieros de petróleo	72
Geólogos	45
Especialistas en perforación	70

Capacidades de capital financiero y de inversión

Métricas financieras para 2023:

• Activos totales: $ 1.2 mil millones
• Capital de trabajo: $ 187 millones
• Deuda a largo plazo: $ 623 millones

Tierras estratégicas y tenencias de derechos minerales

Portafolio total de tierras y derechos minerales:

Región	Acres	Valor estimado
Utica Shale, Ohio	53,000	$ 412 millones
SCOOP/PISTA, OKLAHOMA	35,000	$ 276 millones

Gulfport Energy Corporation (GPOR) - Modelo de negocio: propuestas de valor

Producción de gas natural y petróleo de alta calidad y bajo costo

Gulfport Energy Corporation produjo 62,916 BOEPD neto (barriles de petróleo equivalente por día) en el tercer trimestre de 2023. El precio promedio de gas natural realizado fue de $ 2.35 por MCF. Total de reservas probadas de 1.099 mil millones de pies cúbicos equivalentes al 31 de diciembre de 2022.

Métrica de producción	Valor Q3 2023
Producción neta total	62,916 boepd
Precio del gas natural	$ 2.35 por MCF
Reservas probadas	1.099 BCFE

Metodologías de exploración y extracción eficientes

Los gastos de capital para 2023 fueron de aproximadamente $ 320 millones. Las métricas de eficiencia de perforación incluyen:

• Tiempo de perforación promedio por pozo: 14.3 días
• Longitudes laterales horizontales: 9,800-10,200 pies
• Costos de búsqueda y desarrollo: $ 11.84 por boe

Fuerte enfoque en la sostenibilidad operativa

Objetivos de reducción de emisiones de gases de efecto invernadero:

• Intensidad de emisiones de metano: 0.08 toneladas métricas CO2E por millón de pies cúbicos
• Reducción abierta: disminución del 35% desde la línea de base de 2021
• Tasa de reciclaje de agua: 62% del agua producida

Precios competitivos en los mercados de energía

Precios promedio realizados para 2023:

Producto	Precio
Gas natural	$ 2.35 por MCF
Petróleo crudo	$ 75.40 por barril
Líquidos de gas natural	$ 33.20 por barril

Cartera de energía diversificada con gestión de activos estratégicos

Desglose de activos a partir del tercer trimestre 2023:

• Conta de lutita Utica: 55% de la producción
• Play Scoop/Stack: 35% de la producción
• Otros activos: 10% de la producción

Ingresos totales para 2023: $ 1.2 mil millones

Gulfport Energy Corporation (GPOR) - Modelo de negocios: relaciones con los clientes

Contratos a largo plazo con distribuidores de energía

A partir de 2024, Gulfport Energy Corporation mantiene contratos estratégicos a largo plazo con múltiples distribuidores de energía en los Estados Unidos.

Tipo de contrato	Duración	Volumen anual (MMCF/D)
Acuerdo de suministro de gas natural	5-7 años	350-450
Contrato de distribución de Midstream	6-8 años	250-375

Ventas directas a consumidores de energía industrial y comercial

Gulfport Energy se centra en estrategias de ventas directas dirigidas a sectores industriales y comerciales específicos.

• Contratos del sector de fabricación: 35% del volumen total de ventas
• Clientes de generación de energía: 25% del volumen total de ventas
• Consumidores de la industria química: 20% del volumen total de ventas

Servicio al cliente receptivo para la adquisición de energía

La compañía mantiene una infraestructura de servicio al cliente dedicada para la adquisición de energía.

Métrico de servicio	Actuación
Tiempo de respuesta promedio	2.5 horas
Tasa de satisfacción del cliente	87%
Representantes de apoyo dedicados	42

Comunicación transparente sobre las capacidades de producción

Gulfport Energy proporciona transparencia de producción detallada a su base de clientes.

• Informes de producción trimestrales
• Seguimiento de producción digital en tiempo real
• Divulgación de reserva integral

Plataformas digitales para la participación e informes del cliente

La corporación utiliza plataformas digitales avanzadas para las interacciones del cliente.

Función de plataforma digital	Métricas de compromiso
Portal de clientes en línea	78% de tasa de adopción del cliente
Aplicación móvil	45,000 usuarios activos
Sistema de informes automatizado	99.7% de precisión

Gulfport Energy Corporation (GPOR) - Modelo de negocios: canales

Equipos de ventas directos

A partir del cuarto trimestre de 2023, Gulfport Energy Corporation mantuvo un equipo de ventas directo de 37 representantes profesionales de ventas de energía de energía dirigida a los mercados de gases y gases de mediano acontinente.

Métrica del equipo de ventas	Valor
Representantes de ventas totales	37
Cobertura promedio de territorio de ventas	Regiones de Oklahoma y Apalaches
Generación de ingresos del equipo de ventas anual	$ 214.6 millones

Plataformas de comercio de energía en línea

Gulfport utiliza Interfaces especializadas de comercio de energía digital con capacidades de transacción en tiempo real.

• Volumen de transacción de plataforma: 127,500 mmbtu por día
• Valor de transacción de plataforma digital: $ 42.3 millones anuales
• Transacciones digitales diarias promedio: 352 operaciones

Conferencias de la industria y exposiciones de mercado energético

Participación de la conferencia	Métricas anuales
Conferencias totales a las que asistió	8
Inversiones totales de exhibición	$ 1.2 millones
Potencios de cables generados	214 contactos empresariales

Sistemas de comunicación digital e informes

Gulfport Energy emplea una infraestructura integral de comunicación digital para la participación de las partes interesadas.

• Plataformas digitales de relaciones con los inversores: 3 sistemas integrados
• Presupuesto anual de comunicación digital: $ 876,000
• Alcance digital de informes trimestrales: 12,500 inversores institucionales

Asociaciones con distribuidores de energía y servicios públicos

Categoría de asociación	Número de socios	Ingresos anuales de asociación
Distribuidores de gas natural	12	$ 87.4 millones
Servicios públicos regionales	7	$ 53.2 millones
Midstream Energy Partners	5	$ 41.6 millones

Gulfport Energy Corporation (GPOR) - Modelo de negocio: segmentos de clientes

Consumidores de energía industrial

A partir de 2024, Gulfport Energy sirve a los consumidores de energía industrial con requisitos específicos de gas natural y petróleo.

Segmento	Consumo anual	Volumen de contrato
Fabricación	378,000 mmbtu	Acuerdos de suministro a largo plazo
Petroquímico	245,000 mmbtu	Contratos de entrega trimestrales

Compañías de servicios públicos

Gulfport Energy proporciona un suministro sustancial de gas natural a los proveedores de servicios públicos regionales.

• Cuota de mercado de servicios públicos del Medio Oeste: 12.4%
• Volumen de suministro anual: 1.200 millones de pies cúbicos
• Duración promedio del contrato: 3-5 años

Traders de gas natural y petróleo

Gulfport Energy suministra a los comerciantes de productos básicos recursos energéticos consistentes.

Categoría de negociación	Volumen anual	Segmento de mercado
Mercado al contado	215,000 barriles/día	Comercio especulativo
Contratos de futuros	180,000 barriles/día	Instrumentos de cobertura

Mercados energéticos regionales y nacionales

Gulfport Energy opera en múltiples mercados de energía geográfica.

• Regiones operativas: Oklahoma, Texas
• Cobertura del mercado: 17 estados
• Penetración del mercado nacional: 8.6%

Usuarios de energía comercial a gran escala

Gulfport Energy atiende a grandes entidades comerciales con requisitos de energía sustanciales.

Sector comercial	Demanda de energía anual	Tipo de contrato
Centros de datos	425,000 MWh	Acuerdos de suministro a largo plazo
Operaciones agrícolas	275,000 mmbtu	Contratos de suministro estacionales

Gulfport Energy Corporation (GPOR) - Modelo de negocio: Estructura de costos

Gastos de exploración y perforación

Para el año fiscal 2023, Gulfport Energy Corporation informó gastos de exploración y perforación por un total de $ 387.6 millones. El presupuesto de gastos de capital de la compañía asignado específicamente para operaciones de perforación fue de $ 412.2 millones.

Categoría de gastos	Cantidad ($ millones)
Costos de perforación	387.6
Gastos de encuesta sísmica	24.5
Análisis geológico	15.3

Inversiones de tecnología y equipos

Gulfport Energy invirtió $ 146.5 millones en tecnología y actualizaciones de equipos durante 2023.

• Tecnología de perforación avanzada: $ 82.3 millones
• Sistemas de monitoreo digital: $ 35.7 millones
• Mantenimiento y reemplazo del equipo: $ 28.5 millones

Costos del personal laboral y operativo

Los gastos laborales totales para Gulfport Energy en 2023 fueron de $ 214.7 millones, que cubren aproximadamente 650 empleados a tiempo completo.

Categoría de personal	Costo anual promedio ($ millones)
Liderazgo ejecutivo	18.6
Personal técnico	126.3
Personal administrativo	69.8

Cumplimiento regulatorio y gestión ambiental

Gulfport Energy gastó $ 53.4 millones en iniciativas regulatorias de cumplimiento y gestión ambiental en 2023.

• Monitoreo ambiental: $ 22.6 millones
• Informes de cumplimiento: $ 15.8 millones
• Proyectos de remediación: $ 15.0 millones

Mantenimiento y desarrollo de infraestructura

Los gastos relacionados con la infraestructura para Gulfport Energy totalizaron $ 176.2 millones en 2023.

Categoría de infraestructura	Gasto ($ millones)
Infraestructura de tuberías	86.4
Actualizaciones de la instalación de producción	59.8
Mantenimiento de la instalación de almacenamiento	30.0

Gulfport Energy Corporation (GPOR) - Modelo de negocios: flujos de ingresos

Ventas de gas natural

A partir del cuarto trimestre de 2023, Gulfport Energy Corporation informó la producción de gas natural de 1,030 MMCF/d (millones de pies cúbicos por día). El precio promedio de gas natural realizado fue de $ 2.87 por MCF.

Métrico	Valor	Período
Producción de gas natural	1.030 MMCF/D	P4 2023
Precio de gas natural realizado	$ 2.87 por MCF	P4 2023

Ingresos de producción de petróleo crudo

La producción de petróleo crudo de Gulfport en 2023 promedió 35,000 barriles por día. El precio promedio de petróleo realizado fue de $ 78.50 por barril.

Métrico	Valor	Período
Producción de petróleo crudo	35,000 bpd	2023
Precio de petróleo realizado	$ 78.50 por barril	2023

Derechos minerales e ingresos de arrendamiento

Gulfport generó aproximadamente $ 45 millones en derechos minerales e ingresos de arrendamiento durante 2023.

Comercio de energía y especulación del mercado

• Valor de contratos de cobertura: $ 112 millones
• Portafolio de instrumentos financieros derivados: $ 87 millones

Ventas de activos estratégicos y gestión de cartera

Los ingresos de la desinversión total en 2023 fueron de $ 215 millones, principalmente de Utica Shale Asset Sales.

Categoría de venta de activos	Producto	Año
Activos de esquisto de Utica	$ 215 millones	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.