Gulfport Energy Corporation (GPOR): Modelo de Negócios Canvas [Jan-2025 Atualizado]

No mundo dinâmico da exploração energética, a Gulfport Energy Corporation (GPOR) surge como uma potência estratégica, navegando magistralmente na complexa paisagem da produção de petróleo e gás natural. Ao alavancar tecnologias inovadoras, parcerias estratégicas e uma tela robusta do modelo de negócios, essa corporação transforma terrenos geológicos desafiadores em valiosos recursos energéticos. Sua abordagem combina técnicas de exploração de ponta com insights sofisticados de mercado, posicionando-os como um participante formidável no setor de energia competitivo, onde a eficiência, a sustentabilidade e o gerenciamento estratégico de ativos convergem para impulsionar o desempenho excepcional.

Gulfport Energy Corporation (GPOR) - Modelo de Negócios: Principais Parcerias

Parcerias de joint venture com outras empresas de exploração de petróleo e gás

A Gulfport Energy Corporation possui parcerias estratégicas de joint venture na região de Utica Shale de Ohio com a Ascent Resources LLC. A partir de 2023, a parceria envolvida:

Detalhes da parceria	Especificidades
Porcentagem de propriedade	Gulfport: 45%, ascensão: 55%
Área total	Aproximadamente 53.000 acres líquidos
Produção estimada	Aproximadamente 350-400 milhões de pés cúbicos equivalentes por dia

Fornecedores de infraestrutura média

As principais parcerias de infraestrutura do meio do meio incluem:

• Parceiros de transferência de energia para transporte de gás natural
• Empresas da Williams para infraestrutura de pipeline
• Enterprise Products Partners para serviços de processamento e transporte

Instituições financeiras para financiamento de capital

Parceiros financeiros primários em 2024:

Instituição financeira	Tipo de relacionamento	Valor da linha de crédito
JPMorgan Chase	Linha de crédito rotativo	US $ 500 milhões
Wells Fargo	Empréstimo a prazo	US $ 250 milhões

Provedores de tecnologia

Detalhes da Parceria Tecnológica Crítica:

• Halliburton: serviços de perfuração e conclusão
• Schlumberger: Tecnologias avançadas de imagem geológica
• Baker Hughes: Equipamento de perfuração direcional

Consultores de conformidade ambiental e regulatória

Detalhes da parceria de conformidade:

Empresa de consultores	Serviço especializado
Gerenciamento de Recursos Ambientais (ERM)	Avaliações de impacto ambiental
ICF International	Monitoramento da conformidade regulatória

Gulfport Energy Corporation (GPOR) - Modelo de negócios: Atividades -chave

Exploração e produção de petróleo e gás natural

A partir de 2024, a Gulfport Energy Corporation se concentra na exploração e produção principalmente na região de Utica Shale de Ohio. As métricas de produção da empresa incluem:

Métrica de produção	Valor
Produção diária total	Aproximadamente 50.000-55.000 Boe/Day
Produção de petróleo	Cerca de 30.000 a 35.000 barris por dia
Produção de gás natural	Aproximadamente 120-140 milhões de pés cúbicos por dia

Operações hidráulicas de fraturamento e perfuração horizontal

A Gulfport Energy emprega tecnologias avançadas de perfuração:

• Comprimento médio do poço horizontal: 10.000-12.000 pés
• Estágios de fraturamento hidráulico típicos por poço: 20 a 30 estágios
• Custo estimado de perfuração por poço: US $ 6-8 milhões

Aquisição de ativos e gerenciamento de portfólio

Composição do portfólio a partir de 2024:

Categoria de ativos	Porcentagem de portfólio
Ativos de xisto Utica	75-80%
Outros ativos norte -americanos	20-25%

Desenvolvimento e otimização de reserva

Estatísticas de reserva:

• Reservas comprovadas: aproximadamente 250-300 milhões de boe
• Taxa de substituição de reserva: 150-200%
• Índice de Vida de Reserva: 8-10 anos

Protocolos de gerenciamento de riscos e riscos operacionais

Métricas de segurança e risco operacional:

Métrica de segurança	Desempenho
Taxa de incidente total recordável	Menos de 1,0 por 200.000 horas de trabalho
Taxa de conformidade ambiental	99.5%
Investimento anual de segurança	US $ 3-4 milhões

Gulfport Energy Corporation (GPOR) - Modelo de negócios: Recursos -chave

Reservas significativas de petróleo e gás na região de xisto Utica

A partir do quarto trimestre de 2023, a Gulfport Energy Corporation possui aproximadamente 53.000 acres líquidos na região de Utica Shale de Ohio. Reservas comprovadas estimadas em 289 milhões de barris de petróleo equivalente (BOE).

Tipo de reserva	Quantidade (BoE)	Percentagem
Provados reservas desenvolvidas	189 milhões	65.4%
Reservas não desenvolvidas comprovadas	100 milhões	34.6%

Tecnologias avançadas de perfuração e extração

Infraestrutura tecnológica:

• Capacidades de perfuração horizontal com 5-6 poços por almofada de perfuração
• Equipamento de fraturamento hidráulico avançado
• Sistemas de monitoramento de dados em tempo real

Equipes de engenharia de petróleo e petróleo qualificados

Força de trabalho técnica total: 187 funcionários especializados a partir de 2023.

Categoria profissional	Número de funcionários
Engenheiros de Petróleo	72
Geólogos	45
Especialistas em perfuração	70

Capital financeiro e recursos de investimento

Métricas financeiras para 2023:

• Total de ativos: US $ 1,2 bilhão
• Capital de giro: US $ 187 milhões
• Dívida de longo prazo: US $ 623 milhões

Terras estratégicas e direitos de minerais

Portfólio total de direitos e direitos minerais:

Região	Acres	Valor estimado
Utica Shale, Ohio	53,000	US $ 412 milhões
Scoop/Stack, Oklahoma	35,000	US $ 276 milhões

Gulfport Energy Corporation (GPOR) - Modelo de Negócios: Proposições de Valor

Produção de gás natural e petróleo de alta qualidade e de baixo custo

A Gulfport Energy Corporation produziu 62.916 NET BOEPD (barris de petróleo equivalente por dia) no terceiro trimestre de 2023. O preço médio percebido no gás natural foi de US $ 2,35 por MCF. Reservas totais comprovadas de 1.099 bilhões de pés cúbicos equivalentes em 31 de dezembro de 2022.

Métrica de produção	Q3 2023 Valor
Produção líquida total	62.916 Boepd
Preço do gás natural	US $ 2,35 por MCF
Reservas comprovadas	1.099 BCFE

Metodologias de exploração e extração eficientes

As despesas de capital para 2023 foram de aproximadamente US $ 320 milhões. As métricas de eficiência de perfuração incluem:

• Tempo médio de perfuração por poço: 14,3 dias
• Comprimentos laterais horizontais: 9.800-10.200 pés
• Custos de localização e desenvolvimento: US $ 11,84 por Boe

Forte foco na sustentabilidade operacional

Alvos de redução de emissão de gases de efeito estufa:

• Intensidade de emissões de metano: 0,08 toneladas métricas CO2E por milhão de pés cúbicos
• Redução de queima: 35% diminuição em relação a 2021 linha de base
• Taxa de reciclagem de água: 62% da água produzida

Preços competitivos em mercados de energia

Preços médios realizados para 2023:

Produto	Preço
Gás natural	US $ 2,35 por MCF
Petróleo bruto	US $ 75,40 por barril
Líquidos de gás natural	US $ 33,20 por barril

Portfólio de energia diversificado com gerenciamento de ativos estratégicos

Aparecimento de ativos a partir do terceiro trimestre 2023:

• Utica Shale: 55% da produção
• Scoop/Stack Play: 35% da produção
• Outros ativos: 10% da produção

Receita total para 2023: US $ 1,2 bilhão

Gulfport Energy Corporation (GPOR) - Modelo de Negócios: Relacionamentos ao Cliente

Contratos de longo prazo com distribuidores de energia

A partir de 2024, a Gulfport Energy Corporation mantém contratos estratégicos de longo prazo com vários distribuidores de energia nos Estados Unidos.

Tipo de contrato	Duração	Volume anual (MMCF/D)
Contrato de fornecimento de gás natural	5-7 anos	350-450
Contrato de distribuição do meio do meio	6-8 anos	250-375

Vendas diretas para consumidores de energia industrial e comercial

A Gulfport Energy se concentra em estratégias de vendas diretas direcionadas a setores industriais e comerciais específicos.

• Contratos do setor manufatureiro: 35% do volume total de vendas
• Clientes de geração de energia: 25% do volume total de vendas
• Consumidores da indústria química: 20% do volume total de vendas

Atendimento ao cliente responsivo para compras de energia

A empresa mantém uma infraestrutura dedicada de atendimento ao cliente para compras de energia.

Métrica de serviço	Desempenho
Tempo médio de resposta	2,5 horas
Taxa de satisfação do cliente	87%
Representantes de suporte dedicados	42

Comunicação transparente sobre recursos de produção

A Gulfport Energy fornece transparência detalhada de produção para sua base de clientes.

• Relatórios trimestrais de produção
• Rastreamento de produção digital em tempo real
• Divulgação abrangente de reserva

Plataformas digitais para envolvimento e relatórios de clientes

A corporação utiliza plataformas digitais avançadas para interações com clientes.

Recurso da plataforma digital	Métricas de engajamento
Portal de clientes on -line	78% da taxa de adoção do cliente
Aplicativo móvel	45.000 usuários ativos
Sistema de relatórios automatizados	99,7% de precisão

Gulfport Energy Corporation (GPOR) - Modelo de Negócios: Canais

Equipes de vendas diretas

No quarto trimestre 2023, a Gulfport Energy Corporation manteve uma equipe de vendas direta de 37 representantes profissionais de vendas de energia direcionados aos mercados de petróleo e gás no meio do continente.

Métrica da equipe de vendas	Valor
Total de representantes de vendas	37
Cobertura média de território de vendas	Regiões de Oklahoma e Appalachia
Geração anual de receita da equipe de vendas	US $ 214,6 milhões

Plataformas de negociação de energia online

Gulfport utiliza Interfaces de negociação de energia digital especializadas com recursos de transação em tempo real.

• Volume da transação da plataforma: 127.500 mmbtu por dia
• Valor da transação da plataforma digital: US $ 42,3 milhões anualmente
• Transações digitais diárias médias: 352 negociações

Conferências da indústria e exposições de mercado de energia

Participação da conferência	Métricas anuais
As conferências totais compareceram	8
Total de investimentos em exibição	US $ 1,2 milhão
Leads potenciais gerados	214 contatos corporativos

Sistemas de comunicação e relatórios digitais

A Gulfport Energy emprega infraestrutura abrangente de comunicação digital para o envolvimento das partes interessadas.

• RELAÇÕES DE INVESTOR PLATAFORMAS DIGITAL: 3 sistemas integrados
• Orçamento anual de comunicação digital: US $ 876.000
• Relatórios trimestrais Alcance digital: 12.500 investidores institucionais

Parcerias com distribuidores de energia e serviços públicos

Categoria de parceria	Número de parceiros	Receita anual de parceria
Distribuidores de gás natural	12	US $ 87,4 milhões
Utilitários regionais	7	US $ 53,2 milhões
Midstream Energy Partners	5	US $ 41,6 milhões

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

Consumidores de energia industrial

A partir de 2024, a Gulfport Energy atende aos consumidores de energia industrial com requisitos específicos de gás natural e petróleo.

Segmento	Consumo anual	Volume de contrato
Fabricação	378.000 MMBTU	Acordos de fornecimento de longo prazo
Petroquímico	245.000 MMBTU	Contratos trimestrais de entrega

Empresas de serviços públicos

A Gulfport Energy fornece suprimento substancial de gás natural aos provedores de serviços públicos regionais.

• Participação de mercado do meio -oeste: 12,4%
• Volume anual de oferta: 1,2 bilhão de pés cúbicos
• Duração média do contrato: 3-5 anos

Comerciantes de gás natural e petróleo

A Gulfport Energy fornece comerciantes de commodities com recursos energéticos consistentes.

Categoria de negociação	Volume anual	Segmento de mercado
Mercado Spot	215.000 barris/dia	Negociação especulativa
Contratos futuros	180.000 barris/dia	Instrumentos de hedge

Mercados de energia regional e nacional

A Gulfport Energy opera em vários mercados geográficos de energia.

• Regiões operacionais: Oklahoma, Texas
• Cobertura de mercado: 17 estados
• Penetração do mercado nacional: 8,6%

Usuários de energia comercial em larga escala

A Gulfport Energy atende a grandes entidades comerciais com requisitos substanciais de energia.

Setor comercial	Demanda anual de energia	Tipo de contrato
Data centers	425.000 MWh	Acordos de fornecimento de longo prazo
Operações Agrícolas	275.000 MMBTU	Contratos de fornecimento sazonal

Gulfport Energy Corporation (GPOR) - Modelo de Negócios: Estrutura de Custo

Despesas de exploração e perfuração

Para o ano fiscal de 2023, a Gulfport Energy Corporation relatou despesas de exploração e perfuração totalizando US $ 387,6 ​​milhões. O orçamento de despesas de capital da empresa alocado especificamente para operações de perfuração foi de US $ 412,2 milhões.

Categoria de despesa	Valor (US $ milhões)
Custos de perfuração	387.6
Despesas de pesquisa sísmica	24.5
Análise geológica	15.3

Investimentos de tecnologia e equipamentos

A Gulfport Energy investiu US $ 146,5 milhões em atualizações de tecnologia e equipamentos durante 2023.

• Tecnologia avançada de perfuração: US $ 82,3 milhões
• Sistemas de monitoramento digital: US $ 35,7 milhões
• Manutenção e substituição de equipamentos: US $ 28,5 milhões

Custos de trabalho trabalhista e operacional

As despesas totais de mão-de-obra da Gulfport Energy em 2023 foram de US $ 214,7 milhões, cobrindo aproximadamente 650 funcionários em período integral.

Categoria de pessoal	Custo médio anual (US $ milhões)
Liderança executiva	18.6
Pessoal técnico	126.3
Equipe administrativo	69.8

Conformidade regulatória e gestão ambiental

A Gulfport Energy gastou US $ 53,4 milhões em iniciativas de conformidade regulatória e gestão ambiental em 2023.

• Monitoramento ambiental: US $ 22,6 milhões
• Relatórios de conformidade: US $ 15,8 milhões
• Projetos de remediação: US $ 15,0 milhões

Manutenção e desenvolvimento de infraestrutura

As despesas relacionadas à infraestrutura para a Gulfport Energy totalizaram US $ 176,2 milhões em 2023.

Categoria de infraestrutura	Despesa (US $ milhões)
Infraestrutura de pipeline	86.4
Atualizações da instalação de produção	59.8
Manutenção da instalação de armazenamento	30.0

Gulfport Energy Corporation (GPOR) - Modelo de negócios: fluxos de receita

Vendas de gás natural

A partir do quarto trimestre de 2023, a Gulfport Energy Corporation relatou a produção de gás natural de 1.030 mmcf/d (milhão de pés cúbicos por dia). O preço médio do gás natural realizado foi de US $ 2,87 por MCF.

Métrica	Valor	Período
Produção de gás natural	1.030 mmcf/d	Q4 2023
Preço percebido de gás natural	US $ 2,87 por MCF	Q4 2023

Receitas de produção de petróleo bruto

A produção de petróleo de Gulfport em 2023 teve uma média de 35.000 barris por dia. O preço médio realizado no petróleo foi de US $ 78,50 por barril.

Métrica	Valor	Período
Produção de petróleo bruto	35.000 bpd	2023
Preço do petróleo realizado	US $ 78,50 por barril	2023

Direitos minerais e renda de leasing

A Gulfport gerou aproximadamente US $ 45 milhões em direitos minerais e renda de leasing durante 2023.

Negociação de energia e especulação de mercado

• Valor dos contratos de hedge: US $ 112 milhões
• Portfólio de instrumentos financeiros derivados: US $ 87 milhões

Vendas estratégicas de ativos e gerenciamento de portfólio

O produto total de desinvestimento em 2023 foi de US $ 215 milhões, principalmente das vendas de ativos de xisto de Utica.

Categoria de venda de ativos	Prossegue	Ano
Ativos de xisto Utica	US $ 215 milhões	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.