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Gulfport Energy (Gulfport Energy) Effective Interest Rate on Debt %

: 8.18% (As of Dec. 2023)
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Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Gulfport Energy's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $55 Mil. Gulfport Energy's average total debt for the quarter that ended in Dec. 2023 was $672 Mil. Therefore, Gulfport Energy's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 8.18%.


Gulfport Energy Effective Interest Rate on Debt % Historical Data

The historical data trend for Gulfport Energy's Effective Interest Rate on Debt % 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 Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.76 10.00 - 8.04 7.67

Gulfport Energy Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Effective Interest Rate on Debt % 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 8.82 8.16 8.28 8.41 8.18

Competitive Comparison

For the Oil & Gas E&P subindustry, Gulfport Energy's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % 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 Effective Interest Rate on Debt % Distribution

For the Oil & Gas industry and Energy sector, Gulfport Energy's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Gulfport Energy's Effective Interest Rate on Debt % falls into.



Gulfport Energy Effective Interest Rate on Debt % Calculation

Gulfport Energy's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2022 )+Total Debt  (A: Dec. 2023 ))/ count )
=-1  *  -53.82/( (720.868+681.681)/ 2 )
=-1  *  -53.82/701.2745
=7.67 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=708.454 + 12.414
=720.868

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=668.722 + 12.959
=681.681

Gulfport Energy's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -54.964/( (661.79+681.681)/ 2 )
=-1  *  -54.964/671.7355
=8.18 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=648.858 + 12.932
=661.79

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=668.722 + 12.959
=681.681

* 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.

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Gulfport Energy  (NYSE:GPOR) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.


Gulfport Energy Effective Interest Rate on Debt % Related Terms

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Gulfport Energy (Gulfport Energy) Business Description

Industry
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