Gulfport Energy (Gulfport Energy) Cash And Cash Equivalents : $2 Mil (As of Dec. 2023)

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What is Gulfport Energy Cash And Cash Equivalents?

Gulfport Energy's quarterly cash and cash equivalents increased from Jun. 2023 ($5.27 Mil) to Sep. 2023 ($8.33 Mil) but then stayed the same from Sep. 2023 ($8.33 Mil) to Dec. 2023 ($1.93 Mil).

Gulfport Energy's annual cash and cash equivalents increased from Dec. 2021 ($3.26 Mil) to Dec. 2022 ($7.26 Mil) but then declined from Dec. 2022 ($7.26 Mil) to Dec. 2023 ($1.93 Mil).

Gulfport Energy Cash And Cash Equivalents Historical Data

The historical data trend for Gulfport Energy's Cash And Cash Equivalents 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.

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Gulfport Energy Cash And Cash Equivalents Chart

Gulfport Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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6.06

89.86

3.26

7.26

1.93

Gulfport Energy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															7.26	3.46	5.27	8.33	1.93

Gulfport Energy Cash And Cash Equivalents Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

Gulfport Energy (NYSE:GPOR) Cash And Cash Equivalents Explanation

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

Gulfport Energy Cash And Cash Equivalents Related Terms

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Gulfport Energy (Gulfport Energy) Business Description

Industry

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G2U0:Germany

Address

713 Market Drive, Oklahoma City, OK, USA, 73114

Website

https://www.gulfportenergy.com

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