Gulfport Energy

What Gulfport Energy does

Gulfport Energy Corporation (NYSE: GPOR) is an independent natural gas-weighted exploration and production company headquartered in Oklahoma City, founded in 1997 and incorporated in Delaware. It explores for, develops, and produces natural gas, crude oil, and natural gas liquids in the United States, with approximately 258,000 net reservoir acres in the core of the Utica and Marcellus formations in eastern Ohio and roughly 73,000 net reservoir acres in the SCOOP Woodford and Springer formations in central Oklahoma. As of Q1 2026, total net production averaged 996.8 MMcfe/day and was composed of approximately 91% natural gas, 7% NGL, and 2% oil, with proved reserves of approximately 4.3 Tcfe at year-end 2025.

The company's operations rely on horizontal drilling and multi-stage hydraulic fracturing in two core U.S. shale basins, supplemented by midstream and pipeline firm transportation and gathering agreements that move hydrocarbons to downstream purchasers. Gulfport sells its production to utilities, independent power producers, industrial customers, and energy marketing/trading counterparties under a mix of long-term and spot arrangements, with realized prices tied to NYMEX Henry Hub (gas), NYMEX WTI (oil), and Mont Belvieu (NGL) indices and partially hedged through derivatives. The company uses leading drilling and completion techniques and has reported a 50% improvement in Marcellus drilling footage per day and 25% better SCOOP cycle times.

The business emerged from Chapter 11 in May 2021, refinanced its capital structure with a $650 million 6.75% senior notes offering in September 2024, fully redeemed its post-emergence preferred stock in September 2025, and operates with sub-1.0x leverage and approximately $872 million of pro forma liquidity. Gulfport generated FY2025 revenue of approximately $1.3 billion, adjusted EBITDA of $878.5 million, and net income of $427.8 million, and has returned over $1.1 billion to shareholders via buybacks since March 2022 while running an Office of the Chairman from March through May 2026 before installing Domenic "Nick" Dell'Osso, Jr. as CEO on May 28, 2026.

Name

Gulfport Energy

Legal name

Gulfport Energy Corporation

Website

https://gulfportenergy.com

Company type

Public

Founded year

1997

Operating status

Operating

Headcount range

251–500 employees

Short description

Gulfport Energy Corporation is an independent natural gas-weighted exploration and production company that develops hydrocarbons from approximately 331,000 net acres in the Utica/Marcellus and SCOOP plays, selling natural gas, oil, and NGL to utilities, industrial buyers, and energy traders at index-based prices.

Ownership category

akta.pro rank

Product category

Oil and Gas Exploration & Production

NAICS

Natural Gas Extraction (211130), Crude Petroleum Extraction (21112), Natural Gas Extraction (21113), Oil and Gas Extraction (211)

SIC

Crude Petroleum & Natural Gas (1311), Drilling Oil & Gas Wells (1381)

akta.pro primary industry

Unconventional Gas E&P (Shale/Tight Gas) (EUAAAAAC)

akta.pro secondary industries

Pressure Pumping & Stimulation (Hydraulic Fracturing, Acidizing) (EUALABAF), Conventional Natural Gas Exploration & Production (Dry Gas) (EUAAAAAA), Onshore Natural Gas E&P (Conventional Fields) (EUAAAAAG)

Keywords

• Natural gas exploration
• Shale gas production
• Crude oil production
• Natural gas liquids
• Upstream energy operations

Headquarters

HQ city

Oklahoma City

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Supply Chain, Personnel, Technology or R&D, Others

Revenue model

1. Natural Gas Sales: Sale of natural gas produced from Utica, Marcellus, and SCOOP properties. Revenue recognized upon delivery of product to customers with pricing tied to NYMEX Henry Hub indices.
2. Oil and Condensate Sales: Sale of crude oil and condensate from operated properties with pricing based on NYMEX WTI benchmarks.
3. NGL Sales: Sale of natural gas liquids (ethane, propane, butane, etc.) separated from natural gas production with pricing based on Mont Belvieu indices.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Gulfport Energy is an independent natural gas-weighted exploration and production company focused on the exploration, acquisition, and production of natural gas, crude oil, and natural gas liquids (NGL) in the United States. Its principal properties are located in eastern Ohio targeting the Utica and Marcellus formations and in central Oklahoma targeting the SCOOP Woodford and SCOOP Springer formations. The company deploys horizontal drilling and hydraulic fracturing techniques across approximately 258,000 net reservoir acres in Utica/Marcellus and 73,000 net reservoir acres in SCOOP, with production of 996.8 MMcfe/day in Q1 2026.

Product overview

Gulfport Energy is an independent natural gas-weighted exploration and production company offering a unified portfolio of hydrocarbon exploration and production services. The company operates across three core product lines: natural gas exploration and production (its primary focus at approximately 91% of production mix), crude oil exploration and production (2% of production), and natural gas liquids production (7% of production). Operations are concentrated in two major basins: the Appalachia basin targeting Utica and Marcellus formations in Eastern Ohio, and the Anadarko basin targeting SCOOP Woodford and SCOOP Springer formations in Central Oklahoma. The company deploys drilling and completion techniques to develop its assets and generate sustainable cash flow while returning capital to shareholders.

Differentiator

Problem solved

Functional benefit

Products and services

• Natural Gas Exploration and Production Exploration, acquisition, and production of natural gas from Gulfport's approximately 258,000 net reservoir acres in the core of the Utica/Marcellus dry gas, wet gas, and condensate windows in eastern Ohio and approximately 73,000 net reservoir acres in the SCOOP play in central Oklahoma, sold to utilities, independent power producers, industrial customers, and energy marketing and trading firms at NYMEX Henry Hub-indexed prices.
• Crude Oil Exploration and Production Exploration, acquisition, and production of crude oil from operated properties in the Utica/Marcellus and SCOOP regions, sold at NYMEX WTI-indexed prices to downstream purchasers including refineries and energy trading firms.
• Natural Gas Liquids (NGL) Production Production and sale of natural gas liquids including ethane, propane, butane, isobutene, pentane, hexane, and natural gasoline extracted during gas processing operations, sold at Mont Belvieu-indexed prices to downstream petrochemical and refining customers.

Quantifiable outcome

• Q1 2026 production of 996.8 MMcfe/day, a 7% increase over Q1 2025
• +3 more outcomes

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators9 records

Recent moves7 records

Expansion highlights4 records

Direct peers

• Antero Resources: Antero Resources is a leading independent natural gas and NGL producer concentrated in the Marcellus/Utica Shale of West Virginia and Ohio. With a similar liquids-rich gas-weighted production mix and overlapping acreage footprint in the Appalachia basin, it is the most direct operational comparable to Gulfport.
• CNX Resources: CNX Resources is a low-cost natural gas producer exclusively focused on the Appalachia basin (Marcellus and Utica) in Pennsylvania and West Virginia. Its pure-play gas focus and operational footprint make it a close analog to Gulfport's Utica/Marcellus operations.
• EQT Corporation: EQT is the largest natural gas producer in the United States with core operations in the Marcellus and Utica Shale of Pennsylvania and West Virginia. As the dominant Appalachia gas producer, it shares Gulfport's primary basin exposure and gas-weighted production profile.
• Range Resources: Range Resources is an independent natural gas, NGL, and crude oil producer with core operations in the Marcellus Shale of southwest Pennsylvania. Its natural gas-weighted production mix and Appalachia basin focus make it directly comparable to Gulfport's Utica/Marcellus position.
• Comstock Resources: Comstock Resources is a pure-play Haynesville Shale natural gas producer in Louisiana and Texas. While geographically separate, its pure natural gas focus, leverage profile, and operational scale make it a relevant comparable for Gulfport's gas-weighted business model.

Broad incumbents

• Expand Energy Corporation: Expand Energy (formerly Chesapeake Energy) is the largest U.S. natural gas producer following the Southwestern Energy merger, with diversified operations across the Appalachia, Haynesville, and Permian basins. Its gas-weighted scale and capital allocation philosophy under former CEO Dell'Osso make it a strategic comparable and likely acquirer profile for Gulfport.
• Coterra Energy: Coterra Energy (formerly Cabot Oil & Gas) is a diversified independent E&P with significant Marcellus operations combined with Permian and Anadarko basin assets. Its multi-basin gas exposure and capital return strategy are broadly comparable to Gulfport's portfolio.
• Ovintiv: Ovintiv is a large independent E&P with operations in the Permian, Montney, Bakken, and Anadarko basins. Its diversified portfolio and capital discipline approach provide a relevant comparison point, particularly given Gulfport's SCOOP (Anadarko basin) exposure.
• Chesapeake Energy (legacy/predecessor): Chesapeake Energy was a predecessor to Expand Energy and a historical Utica/Marcellus operator. As the prior employer of new Gulfport CEO Dell'Osso, it represents a strategic and operational heritage comparable to Gulfport's Appalachian gas business.

Regional players

• Southwestern Energy: Southwestern Energy is a Haynesville and Marcellus natural gas producer that merged into Expand Energy in 2024. Its historical gas-weighted production profile and Appalachia operations are comparable to Gulfport, though it no longer exists as a standalone public entity.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/EnergyGulfport

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries2 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Gulfport Energy