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Gulfport Energy Beneish M-Score

: -0.53 (As of Today)
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The zones of discrimination for M-Score is as such:

An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator.
An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.

Warning Sign:

Beneish M-Score -0.53 higher than -1.78, which implies that the company might have manipulated its financial results.

The historical rank and industry rank for Gulfport Energy's Beneish M-Score or its related term are showing as below:

GPOR' s Beneish M-Score Range Over the Past 10 Years
Min: -5.09   Med: -2.47   Max: 47.7
Current: -0.53

During the past 13 years, the highest Beneish M-Score of Gulfport Energy was 47.70. The lowest was -5.09. And the median was -2.47.


Gulfport Energy Beneish M-Score Historical Data

The historical data trend for Gulfport Energy's Beneish M-Score 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 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Beneish M-Score
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.52 -2.57 -3.54 -1.97 -1.74

Gulfport Energy Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Beneish M-Score 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 Premium Member Only Premium Member Only Premium Member Only -1.66 -1.49 -1.74 -2.27 -0.53

Competitive Comparison

For the Oil & Gas E&P subindustry, Gulfport Energy's Beneish M-Score, along with its competitors' market caps and Beneish M-Score 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 Beneish M-Score Distribution

For the Oil & Gas industry and Energy sector, Gulfport Energy's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Gulfport Energy's Beneish M-Score falls into.



Gulfport Energy Beneish M-Score Calculation

The M-score was created by Professor Messod Beneish. Instead of measuring the bankruptcy risk (Altman Z-Score) or business trend (Piotroski F-Score), M-score can be used to detect the risk of earnings manipulation. This is the original research paper on M-score.

The M-Score Variables:

The M-score of Gulfport Energy for today is based on a combination of the following eight different indices:

M=-4.84+0.92 * DSRI+0.528 * GMI+0.404 * AQI+0.892 * SGI+0.115 * DEPI
=-4.84+0.92 * 1.0807+0.528 * 0.3865+0.404 * 1.3143+0.892 * 2.087+0.115 * 1.1705
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.329+4.679 * 0.2128-0.327 * 1.1
=-0.54

* 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.

This Year (Jun22) TTM:Last Year (Jun21) TTM:
Total Receivables was $341 Mil.
Revenue was 638.205 + 480.735 + 0 + 379.948 = $1,499 Mil.
Gross Profit was 561.364 + 316.015 + 0 + 219.076 = $1,096 Mil.
Total Current Assets was $382 Mil.
Total Assets was $2,375 Mil.
Property, Plant and Equipment(Net PPE) was $1,947 Mil.
Depreciation, Depletion and Amortization(DDA) was $125 Mil.
Selling, General, & Admin. Expense(SGA) was $32 Mil.
Total Current Liabilities was $1,128 Mil.
Long-Term Debt & Capital Lease Obligation was $673 Mil.
Net Income was 256.58 + -491.975 + 0 + -461.313 = $-697 Mil.
Non Operating Income was -177.153 + -773.741 + 0 + -634.365 = $-1,585 Mil.
Cash Flow from Operations was 129.504 + 253.696 + 0 + 0 = $383 Mil.
Total Receivables was $151 Mil.
Revenue was 0 + 277.336 + 250.85 + 189.999 = $718 Mil.
Gross Profit was 0 + 117.669 + 70.877 + 14.488 = $203 Mil.
Total Current Assets was $217 Mil.
Total Assets was $2,066 Mil.
Property, Plant and Equipment(Net PPE) was $1,819 Mil.
Depreciation, Depletion and Amortization(DDA) was $138 Mil.
Selling, General, & Admin. Expense(SGA) was $47 Mil.
Total Current Liabilities was $651 Mil.
Long-Term Debt & Capital Lease Obligation was $774 Mil.




1. DSRI = Days Sales in Receivables Index

Measured as the ratio of Revenue in Total Receivables in year t to year t-1.

A large increase in DSR could be indicative of revenue inflation.

DSRI=(Receivables_t / Revenue_t) / (Receivables_t-1 / Revenue_t-1)
=(341.391 / 1498.888) / (151.358 / 718.185)
=0.22776285 / 0.21075071
=1.0807

2. GMI = Gross Margin Index

Measured as the ratio of gross margin in year t-1 to gross margin in year t.

Gross margin has deteriorated when this index is above 1. A firm with poorer prospects is more likely to manipulate earnings.

GMI=GrossMargin_t-1 / GrossMargin_t
=(GrossProfit_t-1 / Revenue_t-1) / (GrossProfit_t / Revenue_t)
=(203.034 / 718.185) / (1096.455 / 1498.888)
=0.28270432 / 0.73151229
=0.3865

3. AQI = Asset Quality Index

AQI is the ratio of asset quality in year t to year t-1.

Asset quality is measured as the ratio of non-current assets other than Property, Plant and Equipment to Total Assets.

AQI=(1 - (CurrentAssets_t + PPE_t) / TotalAssets_t) / (1 - (CurrentAssets_t-1 + PPE_t-1) / TotalAssets_t-1)
=(1 - (381.708 + 1946.774) / 2374.661) / (1 - (216.842 + 1818.775) / 2066.188)
=0.01944657 / 0.01479585
=1.3143

4. SGI = Sales Growth Index

Ratio of Revenue in year t to sales in year t-1.

Sales growth is not itself a measure of manipulation. However, growth companies are likely to find themselves under pressure to manipulate in order to keep up appearances.

SGI=Sales_t / Sales_t-1
=Revenue_t / Revenue_t-1
=1498.888 / 718.185
=2.087

5. DEPI = Depreciation Index

Measured as the ratio of the rate of Depreciation, Depletion and Amortization in year t-1 to the corresponding rate in year t.

DEPI greater than 1 indicates that assets are being depreciated at a slower rate. This suggests that the firm might be revising useful asset life assumptions upwards, or adopting a new method that is income friendly.

DEPI=(Depreciation_t-1 / (Depreciaton_t-1 + PPE_t-1)) / (Depreciation_t / (Depreciaton_t + PPE_t))
=(138.073 / (138.073 + 1818.775)) / (124.886 / (124.886 + 1946.774))
=0.07055888 / 0.06028306
=1.1705

Note: If the Depreciation, Depletion and Amortization data is not available, we assume that the depreciation rate is constant and set the Depreciation Index to 1.

6. SGAI = Sales, General and Administrative expenses Index

The ratio of Selling, General, & Admin. Expense(SGA) to Sales in year t relative to year t-1.

SGA expenses index > 1 means that the company is becoming less efficient in generate sales.

SGAI=(SGA_t / Sales_t) / (SGA_t-1 /Sales_t-1)
=(32.067 / 1498.888) / (46.698 / 718.185)
=0.02139386 / 0.06502224
=0.329

7. LVGI = Leverage Index

The ratio of total debt to Total Assets in year t relative to yeat t-1.

An LVGI > 1 indicates an increase in leverage

LVGI=((LTD_t + CurrentLiabilities_t) / TotalAssets_t) / ((LTD_t-1 + CurrentLiabilities_t-1) / TotalAssets_t-1)
=((673.108 + 1127.656) / 2374.661) / ((773.852 + 650.569) / 2066.188)
=0.75832466 / 0.68939564
=1.1

8. TATA = Total Accruals to Total Assets

Total accruals calculated as the change in working capital accounts other than cash less depreciation.

TATA=(IncomefromContinuingOperations_t - CashFlowsfromOperations_t) / TotalAssets_t
=(NetIncome_t - NonOperatingIncome_t - CashFlowsfromOperations_t) / TotalAssets_t
=(-696.708 - -1585.259 - 383.2) / 2374.661
=0.2128

An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator. An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.

Gulfport Energy has a M-score of -0.54 signals that the company is likely to be a manipulator.


Gulfport Energy Beneish M-Score Related Terms

Thank you for viewing the detailed overview of Gulfport Energy's Beneish M-Score provided by GuruFocus.com. Please click on the following links to see related term pages.


Gulfport Energy Business Description

Gulfport Energy logo
Traded in Other Exchanges
Address
3001 Quail Springs Parkway, Oklahoma City, OK, USA, 73134
Gulfport Energy Corp is an independent exploration and development company. The company 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
Moses Robert John officer: SVP, Operations & Drilling 3001 QUAIL SPRINGS PARKWAY OKLAHOMA CITY OK 73134
Silver Point Capital L.p. director, 10 percent owner TWO GREENWICH PLAZA, FIRST FLOOR GREENWICH CT 06830
Mule Edward A director, 10 percent owner C/O SILVER POINT CAPITAL L.P. TWO GREENWICH PLAZA, FIRST FLOOR GREENWICH CT 06830
O'shea Robert J director, 10 percent owner C/O SILVER POINT CAPITAL L.P. TWO GREENWICH PLAZA, FIRST FLOOR GREENWICH CT 06830
Reganato David A director TWO GREENWICH PLAZA GREENWICH CT 06830
Wolf David D director 5221 N. O'CONNOR BOULEVARD 11TH FLOOR IRVING TX 75039
Martinez Jason Joseph director 1 TOKENEKE TRAIL HOUSTON TX 77024
Martinez Guillermo director 2425 BINZ ST. HOUSTON TX 77004
Cutt Timothy J. director, officer: Interim CEO 3001 QUAIL SPRINGS PKWY OKLAHOMA CITY OK 73134
Buese William J officer: Chief Financial Officer 3001 QUAIL SPRINGS PKWY OKLAHOMA CITY OK 73134
Somerhalder John W Ii director 76 SOUTH MAIN STREET AKRON OH 44308
Wood David M. director, officer: President & CEO 200 PEACH STREET P.O. BOX 7000 EL DORADO AR 71730
Hicks Quentin R officer: CFO 1000 LOUISIANA STREET, SUITE 6700 HOUSTON TX 77002
Sluiter Michael officer: SVP of Reservoir Engineering 3001 QUAIL SPRINGS PARKWAY OKLAHOMA CITY OK 73134
Moore Donnie G officer: COO 3001 QUAIL SPRINGS PARKWAY OKLAHOMA CITY OK 73134

Gulfport Energy Headlines

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