Gulfport Energy Corporation (GPOR) Stock Analysis

Gulfport Energy’s principal competitive advantage lies in its low-cost, high-quality natural gas asset base in the Utica and SCOOP plays. As of year-end 2024, Gulfport reported 4.0 trillion cubic feet equivalent (Tcfe) of proved reserves, with a standardized measure of $1.75 billion. The company’s free cash flow breakeven is below $2 per MMBtu Henry Hub, positioning it favorably against peers such as Range Resources and EQT, whose breakevens are typically higher.

Operational efficiency is another differentiator. Gulfport achieved over $25 million in capital savings on drilling and completion in 2024, and its lease operating expenses remain at $0.18 per Mcfe—among the lowest in the sector. The company’s hedging program provides downside protection, with 2025 swaps and collars covering a significant portion of production at average floors near $3.80 per Mcf, supporting cash flow stability.

Gulfport’s capital allocation discipline is notable: it returned 96% of 2024 adjusted free cash flow to shareholders via buybacks, reducing share count by 18% since 2022. The company’s balance sheet is robust, with net debt/EBITDA below 1x and ample liquidity.

Culturally, Gulfport emphasizes safety, environmental stewardship, and employee retention, reflected in a 44% reduction in incident rates and a top “A” methane rating. While larger peers may have scale advantages, Gulfport’s focused asset base, cost discipline, and shareholder alignment underpin its durable edge.