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Gulfport Energy (Gulfport Energy) EBIT : $1,000 Mil (TTM As of Dec. 2023)


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What is Gulfport Energy EBIT?

Gulfport Energy's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $289 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $1,000 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Gulfport Energy's annualized ROC % for the quarter that ended in Dec. 2023 was 6.85%. Gulfport Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 50.59%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Gulfport Energy's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 27.18%.


Gulfport Energy EBIT Historical Data

The historical data trend for Gulfport Energy's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Gulfport Energy EBIT Chart

Gulfport Energy Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1,870.63 -1,503.33 - 552.39 999.58

Gulfport Energy Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 764.58 536.26 106.55 67.70 289.06

Competitive Comparison of Gulfport Energy's EBIT

For the Oil & Gas E&P subindustry, Gulfport Energy's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Gulfport Energy's EV-to-EBIT Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Gulfport Energy's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Gulfport Energy's EV-to-EBIT falls into.



Gulfport Energy EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,000 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Gulfport Energy  (NYSE:GPOR) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Gulfport Energy's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

ROC % (Q: Dec. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=225.76 * ( 1 - 10.75% )/( (2928.526 + 2956.152)/ 2 )
=201.4908/2942.339
=6.85 %

where

Invested Capital(Q: Sep. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=3136.946 - 310.584 - ( 8.325 - max(0, 374.463 - 272.299+8.325))
=2928.526

Invested Capital(Q: Dec. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=3267.613 - 309.532 - ( 1.929 - max(0, 344.454 - 396.806+1.929))
=2956.152

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

Gulfport Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1156.228/( ( (2240.551 + max(-97.557, 0)) + (2266.598 + max(63.382, 0)) )/ 2 )
=1156.228/( ( 2240.551 + 2329.98 )/ 2 )
=1156.228/2285.2655
=50.59 %

where Working Capital is:

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(119.095 + 0 + 144.879) - (310.584 + 0 + 50.947)
=-97.557

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(144.7 + 0 + 250.177) - (309.532 + 0 + 21.963)
=63.382

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Gulfport Energy's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=999.552/3677.544
=27.18 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Gulfport Energy EBIT Related Terms

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Gulfport Energy (Gulfport Energy) Business Description

Traded in Other Exchanges
Address
713 Market Drive, Oklahoma City, OK, USA, 73114
Gulfport Energy Corp is an independent exploration and development company. It operates through Utica Shale and Scoop properties. The Utica Shale is located in the Appalachian Basin of the United States and Canada. The Scoop (South Central Oklahoma Oil Province) play of Oklahoma is located in the southeast portion of the prolific Anadarko Basin.
Executives
Jason Joseph Martinez director 1 TOKENEKE TRAIL, HOUSTON TX 77024
Silver Point Capital L.p. director, 10 percent owner TWO GREENWICH PLAZA, SUITE 1, GREENWICH CT 06830
Patrick K. Craine officer: General Counsel and Corp. Sec. 713 MARKET DRIVE, OKLAHOMA CITY OK 73114
Michael Sluiter officer: SVP of Reservoir Engineering 713 MARKET DRIVE, OKLAHOMA CITY OK 73114
Matthew Willrath officer: VP & CAO 713 MARKET DRIVE, OKLAHOMA CITY OK 73114
Jean Marie Powers director 2507 LOCKE LANE, HOUSTON TX 77019
Robert J O'shea 10 percent owner C/O SILVER POINT CAPITAL L.P., TWO GREENWICH PLAZA, FIRST FLOOR, GREENWICH CT 06830
Edward A Mule 10 percent owner C/O SILVER POINT CAPITAL L.P., TWO GREENWICH PLAZA, FIRST FLOOR, GREENWICH CT 06830
Mary Shafer-malicki director 757 N. ELDRIDGE PARKWAY, HOUSTON TX 77079
Michael L Hodges officer: EVP & CFO C/O GULFPORT ENERGY CORP, 713 MARKET DR, OKLAHOMA CITY OK 73114
Matthew Rucker officer: SVP, Operations 713 MARKET DR, OKLAHOMA CITY OK 73114
John K. Reinhart director, officer: President & CEO 713 MARKET DR, OKLAHOMA CITY OK 73114
Robert John Moses officer: SVP, Operations & Drilling 3001 QUAIL SPRINGS PARKWAY, OKLAHOMA CITY OK 73134
David A Reganato director TWO GREENWICH PLAZA, GREENWICH CT 06830
William J Buese officer: Chief Financial Officer 3001 QUAIL SPRINGS PKWY, OKLAHOMA CITY OK 73134