Gulfport energy corp (GPOR)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Revenues:
Net gain (loss) on natural gas, oil and NGL derivatives

98,266

30,191

27,074

171,140

-20,045

-26,742

-9,663

-70,545

-16,529

72,091

-22,860

64,871

99,577

-130,130

35,281

-137,392

57,735

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other (expense) income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

176

-24

240

-

419

239

167

-265

425

238

130

136

81

70

38

53

58

127

63

124

-167

Total revenues

246,877

281,261

285,175

458,994

320,578

415,950

360,962

252,740

325,392

397,848

265,498

323,953

333,004

63,416

193,692

-28,159

156,961

189,834

230,569

112,270

176,317

267,193

170,804

114,736

118,029

68,067

69,252

70,434

55,000

56,603

60,537

66,325

65,461

68,946

58,081

55,589

46,638

33,397

28,875

Costs and expenses:
Lease operating expenses

15,986

18,330

22,473

22,388

19,807

27,497

22,325

22,912

18,906

20,202

20,020

20,721

19,303

20,088

17,471

14,661

16,657

18,064

17,568

16,863

16,980

15,999

11,883

12,680

11,629

8,356

7,297

5,878

5,172

6,107

6,638

5,714

5,849

5,794

5,744

4,706

4,653

4,063

3,973

Production taxes

4,799

5,987

6,565

8,098

7,921

9,619

9,348

7,659

6,854

6,662

5,419

5,139

3,906

3,784

3,525

2,856

3,111

3,577

3,593

3,285

4,285

5,235

5,213

6,601

6,957

6,552

7,071

6,440

6,870

6,642

6,974

7,572

7,769

7,534

6,281

6,732

5,507

3,657

3,541

Depreciation, depletion and amortization

78,028

143,454

163,270

124,951

118,433

133,816

119,915

121,915

111,018

109,742

106,650

82,246

65,991

62,560

62,285

55,652

65,477

86,301

90,329

71,155

89,909

80,151

72,409

55,994

56,877

37,066

30,691

28,540

22,583

20,325

25,377

23,652

21,395

21,714

14,736

13,712

12,158

10,299

8,688

Impairment of oil and natural gas properties

553,345

-

571,442

-

0

-

0

-

-

-

-

-

-

113,689

212,194

170,621

218,991

845,642

594,776

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

General and administrative expenses

16,169

9,998

14,659

13,265

10,057

7,039

15,848

14,008

13,099

7,601

13,065

12,257

12,600

10,468

10,467

11,854

10,620

10,652

11,001

9,515

10,799

9,458

8,939

10,382

9,511

7,948

5,259

4,900

4,412

4,438

3,098

3,263

3,009

1,865

2,034

2,119

2,056

1,538

1,518

Accretion expense

741

766

747

1,359

1,067

1,063

1,037

1,015

1,004

463

456

410

282

280

269

261

247

226

212

192

190

192

192

189

188

188

180

174

175

169

176

177

176

175

168

164

159

156

151

Business Combination, Acquisition Related Costs

-

-

-

-

-

-

-

-

-

1

33

1,060

1,298

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total costs and expenses

726,964

1,722,467

857,591

242,076

227,567

254,676

247,386

238,949

215,074

217,408

215,015

180,778

151,321

254,365

351,686

295,254

352,755

1,002,601

759,645

133,914

147,544

138,239

117,350

96,626

92,920

65,141

54,115

47,978

40,056

30,728

42,359

40,378

38,198

37,361

28,963

27,433

24,533

19,713

17,871

Gain on sale of assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

11

59

5

-145

-427

7,300

0

0

0

-

-

-

-

-

-

(LOSS) INCOME FROM OPERATIONS

-480,087

-1,441,206

-572,416

216,918

93,011

161,274

113,576

13,791

110,318

180,440

50,483

143,175

181,683

-190,949

-157,994

-323,413

-195,794

-812,767

-529,076

-21,644

28,773

128,954

53,454

18,110

25,109

2,926

15,137

22,456

14,944

25,875

18,178

25,947

27,263

31,585

29,118

28,156

22,105

13,684

11,004

OTHER EXPENSE (INCOME):
Interest expense

32,990

37,190

34,095

34,880

35,621

40,990

33,253

33,704

33,965

40,816

27,130

24,188

23,479

18,638

12,787

16,082

16,023

16,315

14,124

12,023

8,759

11,993

5,706

2,402

3,885

8,125

2,602

3,284

3,479

5,828

1,003

474

153

237

225

285

653

823

613

Interest income

152

152

338

159

152

152

92

33

37

82

37

48

842

408

337

391

94

107

279

248

9

28

25

36

106

86

70

62

79

35

6

4

27

47

64

37

38

33

38

Litigation settlement

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

0

1,500

6,000

18,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

Insurance proceeds

-

-

-

83

-

-

-

231

-

-

0

0

-

-

3,750

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on debt extinguishment

15,322

-

23,600

-

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equity Method Investment, Realized Gain (Loss) on Disposal

-

-

0

0

-

-

2,733

122,035

-

-

0

12,523

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss (income) from equity method investments, net

-10,789

-45,757

-43,082

-125,582

4,273

14,622

12,858

8,888

13,536

15,688

-2,737

-25,824

-4,907

-11,800

5,997

-836

-30,737

-49,057

-61,891

-15,120

19,975

-24,133

-34,477

69,569

128,475

50,418

51,322

50,108

61,210

10,115

-1,165

-360

-268

-512

52

-642

-316

-216

-

Other expense (income)

-1,856

115

-3,194

-1,073

427

-826

-856

45

95

178

345

202

316

-132

-6

7

2

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total other (income) expense

-30,161

-57,733

-56,433

-161,293

-30,769

-27,273

-18,426

97,528

-20,297

-24,868

-29,485

-37,239

-27,228

-48,579

-2,709

-16,520

-46,664

-54,765

-75,736

-26,895

11,225

48,876

-41,658

61,203

106,696

42,379

48,790

46,886

57,810

4,322

-2,162

-830

-394

-702

-109

-890

-931

-1,006

-575

LOSS BEFORE INCOME TAXES

-510,248

-1,498,939

-628,849

55,625

62,242

134,001

95,150

111,319

90,021

155,572

20,998

105,936

154,455

-239,528

-160,703

-339,933

-242,458

-867,532

-604,812

-48,539

39,998

177,830

11,796

79,313

131,805

45,305

63,927

69,342

72,754

30,197

16,016

25,117

26,869

30,883

29,009

27,266

21,174

12,678

10,429

INCOME TAX EXPENSE

7,290

315,815

-144,047

-179,331

0

0

0

0

-69

-954

2,763

0

0

842

-3,407

-157

-191

-36,663

-216,603

-17,214

14,479

67,757

4,876

31,461

49,247

21,027

23,400

25,514

28,195

10,849

15,514

0

0

-91

0

1

0

-

40

INCOME FROM CONTINUING OPERATIONS

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

26,869

-

-

-

-

-

-

Net Income (Loss) Attributable to Parent

-517,538

-1,814,754

-484,802

234,956

62,242

134,001

95,150

111,319

90,090

156,526

18,235

105,936

154,455

-240,370

-157,296

-339,776

-242,267

-830,869

-388,209

-31,325

25,519

110,073

6,920

47,852

82,558

24,278

40,527

43,828

44,559

15,883

502

25,117

26,869

30,974

29,009

27,265

21,174

12,678

10,389

Earnings Per Share [Abstract]
Basic net income from continuing operations per share (usd per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.34

0.01

0.45

0.48

-

-

-

-

-

-

Basic (in usd per share)

-3.24

-11.30

-3.04

1.47

0.38

0.77

0.55

0.64

0.50

0.83

0.10

0.58

0.91

-1.84

-1.25

-2.71

-2.17

-8.66

-3.59

-0.32

0.30

1.29

0.08

0.56

0.97

0.28

0.52

0.57

0.61

-

-

-

0.48

0.60

0.58

0.57

0.47

0.28

0.24

Diluted net income from continuing operations per share (usd per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.33

0.01

0.45

0.48

-

-

-

-

-

-

Diluted (in usd per share)

-3.24

-11.30

-3.04

1.47

0.38

0.76

0.55

0.64

0.50

0.82

0.10

0.58

0.91

-1.84

-1.25

-2.71

-2.17

-8.66

-3.59

-0.32

0.30

1.28

0.08

0.56

0.96

0.28

0.52

0.56

0.61

-

-

-

0.48

0.59

0.57

0.57

0.47

0.28

0.24

Weighted average common shares outstanding - Basic (in shares)

159,760

159,667

159,548

159,324

162,823

171,307

173,057

173,623

180,714

183,266

182,957

182,840

170,272

129,549

125,408

125,343

111,509

108,609

108,217

96,663

85,679

85,569

85,506

85,448

85,259

81,689

77,554

77,428

72,830

56,758

55,692

55,656

55,626

52,432

50,407

47,454

44,724

44,571

43,546

Weighted average common shares outstanding - Diluted (in shares)

159,760

159,209

159,548

159,506

163,099

173,346

173,304

174,140

180,802

184,673

183,008

182,841

170,488

129,549

125,408

125,343

111,509

108,169

108,217

96,663

86,120

85,800

85,907

85,805

85,738

82,273

77,931

77,906

73,334

56,796

56,291

56,334

56,247

52,898

50,905

47,898

45,125

44,873

43,976

Natural gas sales
Revenue from contract with customer

108,547

203,763

213,227

225,257

276,016

368,554

271,167

232,695

249,399

239,455

223,340

205,367

177,837

148,255

122,018

75,761

74,094

-38,923

179,215

65,871

118,570

87,087

85,168

35,522

18,349

2,001

10,755

6,793

1,466

1,098

973

541

613

683

923

1,512

720

1,061

1,314

Oil and condensate sales
Revenue from contract with customer

23,151

23,995

24,550

36,910

32,482

37,106

45,682

49,319

45,686

39,230

31,459

29,468

24,411

20,374

21,799

23,161

15,839

10,903

41,747

34,465

35,500

41,559

58,196

68,078

73,377

57,078

52,972

60,999

53,080

55,075

58,609

65,020

64,004

67,466

56,447

52,916

45,196

31,558

27,035

Natural gas liquid sales
Revenue from contract with customer

16,913

23,312

20,324

25,687

32,125

37,032

53,776

41,271

46,836

47,072

33,559

24,247

31,179

24,917

14,594

10,311

9,293

14,733

9,431

11,958

22,007

30,073

27,021

10,897

26,136

9,253

5,100

2,404

324

294

874

694

806

744

653

1,034

659

654

693

Oil and Gas Service
Midstream gathering and processing expenses

57,896

70,993

78,435

72,015

70,282

75,642

78,913

71,440

64,193

72,737

69,372

58,945

47,941

43,496

45,475

39,349

37,652

38,139

42,166

32,904

25,381

27,204

18,714

10,780

7,769

5,090

3,622

1,901

417

-

96

-

-

-

-

-

-

-

-