GULFPORT ENERGY CORP has recently released its 10-K report, revealing a focus on the acquisition, exploration, and production of natural gas, crude oil, and natural gas liquids in the United States. The company's principal properties include Utica and Marcellus in eastern Ohio, and the SCOOP Woodford and Springer formations in central Oklahoma. GULFPORT ENERGY CORP was incorporated in 1997 and is headquartered in Oklahoma City, Oklahoma.
In ITEM 7.MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS, the report outlines the company's strategy to develop assets in a safe, environmentally responsible manner while generating sustainable cash flow, improving margins, and returning capital to shareholders. Notable achievements in 2025 included reporting total net production of 1,039 MMcfe per day, generating $803.2 million of operating cash flows, and repurchasing 1.8 million shares for $336.3 million at a weighted average price of $188.65 per share.
The company's primary focus going into 2026 is on reducing cycle times and operating costs to improve margins and enhance expected free cash flow generation. GULFPORT ENERGY CORP expects continued volatility in natural gas prices and plans to mitigate exposure to commodity market volatility through natural gas swaps and collars, representing approximately 52% of expected 2026 gas production, at an average floor price of $3.74 per Mcf. The 2026 capital expenditure program is expected to be in a range of $400 million to $430 million.
In the comparison of the year ended December 31, 2025, and 2024, GULFPORT ENERGY CORP reported net income of $427.8 million for 2025, compared to a net loss of $261.4 million for 2024. The increase in natural gas sales without the impact of derivatives when comparing 2025 to 2024 was primarily due to a 55% increase in realized natural gas prices, partially offset by a 4% decrease in sales volumes. The company also reported a 32% increase in oil and condensate sales and an 18% increase in NGL sales for the same period.
The report also details the company's hedging program, lease operating expenses, taxes other than income, transportation, gathering, processing and compression expenses, depreciation, depletion, and amortization. Additionally, it highlights the impairment of oil and natural gas properties, providing a comprehensive overview of GULFPORT ENERGY CORP's financial performance and operations. Today the company's shares have moved 0.58% to a price of $178.94. For more information, read the company's full 10-K submission here.
