$GPOR
GULFPORT ENERGY CORP

2012 Q4 Form 10-Q Financial Statement

#000144530512003574 Filed on November 08, 2012

View on sec.gov

Income Statement

Concept 2012 Q4 2012 Q3 2011 Q3
Revenue $56.60M $60.54M $58.08M
YoY Change -17.9% 4.23% 73.9%
Cost Of Revenue $12.70M $13.70M $12.00M
YoY Change -6.62% 14.17% 55.84%
Gross Profit $44.00M $46.80M $46.10M
YoY Change -20.43% 1.52% 79.38%
Gross Profit Margin 77.73% 77.31% 79.37%
Selling, General & Admin $4.900M $3.100M $2.000M
YoY Change 157.89% 55.0% 33.33%
% of Gross Profit 11.14% 6.62% 4.34%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $20.30M $25.38M $14.74M
YoY Change -6.45% 72.21% 43.07%
% of Gross Profit 46.14% 54.22% 31.97%
Operating Expenses $25.30M $42.36M $28.96M
YoY Change 6.3% 46.25% 141.36%
Operating Profit $25.88M $18.18M $29.12M
YoY Change -18.08% -37.57% 112.54%
Interest Expense $4.300M $1.003M $225.0K
YoY Change -714.29% 345.78% -122.5%
% of Operating Profit 16.62% 5.52% 0.77%
Other Income/Expense, Net -$2.162M -$109.0K
YoY Change 1883.49%
Pretax Income $30.20M $16.02M $29.01M
YoY Change -2.27% -44.79% 128.42%
Income Tax $10.85M $15.51M $0.00
% Of Pretax Income 35.92% 96.87% 0.0%
Net Earnings $15.88M $502.0K $29.01M
YoY Change -48.72% -98.27% 128.42%
Net Earnings / Revenue 28.06% 0.83% 49.95%
Basic Earnings Per Share $0.28 $0.01 $0.58
Diluted Earnings Per Share $0.28 $0.01 $0.57
COMMON SHARES
Basic Shares Outstanding 55.72M shares 55.69M shares 50.41M shares
Diluted Shares Outstanding 56.29M shares 50.91M shares

Balance Sheet

Concept 2012 Q4 2012 Q3 2011 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $167.1M $12.30M $22.70M
YoY Change 77.96% -45.81% 980.95%
Cash & Equivalents $167.1M $12.28M $22.71M
Short-Term Investments
Other Short-Term Assets $2.200M $3.600M $8.400M
YoY Change -24.14% -57.14% 366.67%
Inventory
Prepaid Expenses
Receivables $25.62M $24.82M $24.50M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $229.7M $51.61M $55.60M
YoY Change 77.29% -7.17% 232.93%
LONG-TERM ASSETS
Property, Plant & Equipment $953.9M $705.8M $412.1M
YoY Change 103.54% 71.26% 87.32%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $381.5M $206.7M $56.00M
YoY Change 339.38% 269.09% 77.22%
Other Assets $13.30M $5.530M $7.500M
YoY Change 159.52% -26.27% 63.04%
Total Long-Term Assets $1.349B $919.0M $497.8M
YoY Change 140.15% 84.61% 80.62%
TOTAL ASSETS
Total Short-Term Assets $229.7M $51.61M $55.60M
Total Long-Term Assets $1.349B $919.0M $497.8M
Total Assets $1.578B $970.6M $553.4M
YoY Change 128.37% 75.39% 89.33%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $110.2M $107.1M $61.20M
YoY Change 151.03% 75.0% 78.95%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $150.0K $147.0K $100.0K
YoY Change 6.38% 47.0% -95.83%
Total Short-Term Liabilities $120.9M $116.1M $61.90M
YoY Change 170.87% 87.53% 49.88%
LONG-TERM LIABILITIES
Long-Term Debt $298.9M $143.0M $2.200M
YoY Change 13853.69% 6401.5% -95.19%
Other Long-Term Liabilities $354.0K $15.40M $11.60M
YoY Change 32.76% 17.17%
Total Long-Term Liabilities $299.2M $143.0M $13.80M
YoY Change 13870.21% 936.47% -75.18%
TOTAL LIABILITIES
Total Short-Term Liabilities $120.9M $116.1M $61.90M
Total Long-Term Liabilities $299.2M $143.0M $13.80M
Total Liabilities $452.0M $290.0M $75.80M
YoY Change 668.53% 282.56% -21.86%
SHAREHOLDERS EQUITY
Retained Earnings $92.92M $77.04M
YoY Change 278.53%
Common Stock $674.0K $557.0K
YoY Change 21.22%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.126B $680.6M $477.7M
YoY Change
Total Liabilities & Shareholders Equity $1.578B $970.6M $553.4M
YoY Change 128.37% 75.39% 89.33%

Cashflow Statement

Concept 2012 Q4 2012 Q3 2011 Q3
OPERATING ACTIVITIES
Net Income $15.88M $502.0K $29.01M
YoY Change -48.72% -98.27% 128.42%
Depreciation, Depletion And Amortization $20.30M $25.38M $14.74M
YoY Change -6.45% 72.21% 43.07%
Cash From Operating Activities $33.30M $66.40M $56.60M
YoY Change -7.76% 17.31% 139.83%
INVESTING ACTIVITIES
Capital Expenditures -$488.0M -$118.6M -$93.80M
YoY Change 471.43% 26.44% 316.89%
Acquisitions
YoY Change
Other Investing Activities $35.40M -$15.00M -$8.900M
YoY Change -565.79% 68.54% 535.71%
Cash From Investing Activities -$452.7M -$133.6M -$102.8M
YoY Change 386.77% 29.96% 328.33%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $427.9M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 574.2M 72.90M 64.20M
YoY Change 348.24% 13.55% 64100.0%
NET CHANGE
Cash From Operating Activities 33.30M 66.40M 56.60M
Cash From Investing Activities -452.7M -133.6M -102.8M
Cash From Financing Activities 574.2M 72.90M 64.20M
Net Change In Cash 154.8M 5.700M 18.00M
YoY Change 117.42% -68.33% -6100.0%
FREE CASH FLOW
Cash From Operating Activities $33.30M $66.40M $56.60M
Capital Expenditures -$488.0M -$118.6M -$93.80M
Free Cash Flow $521.3M $185.0M $150.4M
YoY Change 329.05% 23.01% 226.25%

Facts In Submission

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2142000 USD
CY2012Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
143033000 USD
us-gaap Loss On Fair Value Hedge Ineffectiveness
LossOnFairValueHedgeIneffectiveness
100000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-387893000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
165876000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
122046000 USD
CY2012Q3 us-gaap Net Income Loss
NetIncomeLoss
502000 USD
us-gaap Net Income Loss
NetIncomeLoss
52488000 USD
us-gaap Net Income Loss
NetIncomeLoss
77448000 USD
CY2011Q3 us-gaap Net Income Loss
NetIncomeLoss
29009000 USD
CY2012Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
502000 USD
CY2011Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
29009000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
52488000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
77448000 USD
CY2012Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
502000 USD
CY2011Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
29009000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
77448000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
52488000 USD
CY2011Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-109000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-3386000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-1930000 USD
CY2012Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-2162000 USD
CY2011Q4 us-gaap Oil And Gas Property Full Cost Method Gross
OilAndGasPropertyFullCostMethodGross
1035754000 USD
CY2012Q3 us-gaap Oil And Gas Property Full Cost Method Gross
OilAndGasPropertyFullCostMethodGross
1342715000 USD
us-gaap Origination Of Notes Receivable From Related Parties
OriginationOfNotesReceivableFromRelatedParties
3182000 USD
CY2012Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
18178000 USD
us-gaap Operating Expenses
OperatingExpenses
80929000 USD
CY2011Q3 us-gaap Operating Expenses
OperatingExpenses
28963000 USD
us-gaap Operating Expenses
OperatingExpenses
120935000 USD
CY2012Q3 us-gaap Operating Expenses
OperatingExpenses
42359000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
71388000 USD
CY2011Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
29118000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
79379000 USD
us-gaap Origination Of Notes Receivable From Related Parties
OriginationOfNotesReceivableFromRelatedParties
USD
CY2011Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
5123000 USD
CY2012Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
5530000 USD
CY2011Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease
-4855000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease
-3285000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease
3394000 USD
CY2012Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease
5320000 USD
CY2011Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
6809000 USD
CY2012Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-13746000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-7638000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
9668000 USD
us-gaap Other Comprehensive Income Reclassification Adjustment On Derivatives Included In Net Income Net Of Tax
OtherComprehensiveIncomeReclassificationAdjustmentOnDerivativesIncludedInNetIncomeNetOfTax
-3342000 USD
us-gaap Other Comprehensive Income Reclassification Adjustment On Derivatives Included In Net Income Net Of Tax
OtherComprehensiveIncomeReclassificationAdjustmentOnDerivativesIncludedInNetIncomeNetOfTax
-646000 USD
CY2011Q3 us-gaap Other Comprehensive Income Reclassification Adjustment On Derivatives Included In Net Income Net Of Tax
OtherComprehensiveIncomeReclassificationAdjustmentOnDerivativesIncludedInNetIncomeNetOfTax
-1331000 USD
CY2012Q3 us-gaap Other Comprehensive Income Reclassification Adjustment On Derivatives Included In Net Income Net Of Tax
OtherComprehensiveIncomeReclassificationAdjustmentOnDerivativesIncludedInNetIncomeNetOfTax
-185000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
9611000 USD
CY2012Q3 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-19251000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-11678000 USD
CY2011Q3 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
10333000 USD
CY2011Q4 us-gaap Other Long Term Debt
OtherLongTermDebt
2283000 USD
CY2012Q3 us-gaap Other Long Term Debt
OtherLongTermDebt
2180000 USD
us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
189000 USD
CY2011Q3 us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
58000 USD
CY2012Q3 us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
81000 USD
us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
248000 USD
us-gaap Payments Of Loan Costs
PaymentsOfLoanCosts
497000 USD
us-gaap Payments Of Loan Costs
PaymentsOfLoanCosts
674000 USD
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
26864000 USD
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
118975000 USD
us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.12
us-gaap Payments To Acquire Oil And Gas Property
PaymentsToAcquireOilAndGasProperty
202164000 USD
CY2012Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2011Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
us-gaap Payments To Acquire Oil And Gas Property
PaymentsToAcquireOilAndGasProperty
269177000 USD
CY2012Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2011Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
us-gaap Proceeds From Sale Of Other Property Plant And Equipment
ProceedsFromSaleOfOtherPropertyPlantAndEquipment
140000 USD
us-gaap Proceeds From Sale Of Other Property Plant And Equipment
ProceedsFromSaleOfOtherPropertyPlantAndEquipment
USD
us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
137000 USD
us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
599000 USD
CY2011 us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.12
CY2011Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2012Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2012Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2011Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2012Q3 us-gaap Preferred Stock Value
PreferredStockValue
USD
CY2011Q4 us-gaap Preferred Stock Value
PreferredStockValue
USD
CY2011Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
1327000 USD
CY2012Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
2788000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
178676000 USD
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
153000000 USD
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
35000000 USD
us-gaap Proceeds From Sale Of Oil And Gas Property And Equipment
ProceedsFromSaleOfOilAndGasPropertyAndEquipment
USD
us-gaap Proceeds From Sale Of Oil And Gas Property And Equipment
ProceedsFromSaleOfOilAndGasPropertyAndEquipment
1384000 USD
CY2011Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1043778000 USD
CY2012Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1351338000 USD
CY2012Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
705778000 USD
CY2011Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
468636000 USD
CY2011Q4 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
8024000 USD
CY2012Q3 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
8623000 USD
us-gaap Repayments Of Debt
RepaymentsOfDebt
84600000 USD
us-gaap Repayments Of Debt
RepaymentsOfDebt
12103000 USD
CY2011Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
24547000 USD
CY2012Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
77035000 USD
CY2012Q3 us-gaap Revenues
Revenues
60537000 USD
CY2011Q3 us-gaap Revenues
Revenues
58081000 USD
us-gaap Revenues
Revenues
192323000 USD
us-gaap Revenues
Revenues
160308000 USD
CY2012Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
281183 shares
us-gaap Share Based Compensation
ShareBasedCompensation
502000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
2056000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
9334 shares
CY2012Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriodWeightedAverageGrantDateFairValue
23
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
183500 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
36.09
CY2011Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
203348 shares
gpor Foreign Currency Translation Gain Loss On Investment In Grizzly Oil Sands Ulc
ForeignCurrencyTranslationGainLossOnInvestmentInGrizzlyOilSandsUlc
3394000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Remaining Contractual Term
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm
2.66 Y
gpor Capitalized General And Administrative Costs
CapitalizedGeneralAndAdministrativeCosts
6170000 USD
CY2011Q3 us-gaap Stockholders Equity
StockholdersEquity
477685000 USD
gpor Capitalized General And Administrative Costs
CapitalizedGeneralAndAdministrativeCosts
4126000 USD
CY2012Q3 gpor Capitalized General And Administrative Costs
CapitalizedGeneralAndAdministrativeCosts
2034000 USD
CY2012Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
31.28
CY2011Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
26.02
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
96331 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
30.17
CY2012Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
356241 shares
CY2012Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
6.51
CY2012Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
8816000 USD
CY2011Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
8172000 USD
CY2011Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
356241 shares
CY2012Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
356241 shares
CY2012Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
6.51
CY2011Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
6.51
CY2012Q3 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions
356241 shares
CY2012Q3 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
356241 shares
CY2012Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
8816000 USD
CY2011Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm1
3.41 Y
CY2012Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm1
2.66 Y
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
shares
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
178279000 USD
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
397000 USD
CY2012Q3 us-gaap Stockholders Equity
StockholdersEquity
680627000 USD
CY2011Q4 us-gaap Stockholders Equity
StockholdersEquity
632350000 USD
CY2010Q4 us-gaap Stockholders Equity
StockholdersEquity
211056000 USD
us-gaap Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
22411000 USD
CY2011Q3 us-gaap Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
6281000 USD
CY2012Q3 us-gaap Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
7070000 USD
us-gaap Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
18520000 USD
CY2011Q4 us-gaap Temporary Equity Shares Authorized
TemporaryEquitySharesAuthorized
30000 shares
CY2012Q3 us-gaap Temporary Equity Shares Authorized
TemporaryEquitySharesAuthorized
30000 shares
CY2012Q3 us-gaap Unamortized Loan Commitment And Origination Fees And Unamortized Discounts Or Premiums
UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums
1602000 USD
CY2011Q4 us-gaap Unamortized Loan Commitment And Origination Fees And Unamortized Discounts Or Premiums
UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums
1495000 USD
CY2012Q3 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
8992000 USD
CY2011Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
498722 shares
CY2012Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
599128 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
458696 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
516074 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
48008368 shares
CY2012Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
56291792 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
56174581 shares
CY2011Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
50905962 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
47549672 shares
CY2011Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
50407240 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
55658507 shares
CY2012Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
55692664 shares
CY2011Q3 gpor Capitalized General And Administrative Costs
CapitalizedGeneralAndAdministrativeCosts
1338000 USD
gpor Capitalized Stock Based Compensation
CapitalizedStockBasedCompensation
335000 USD
gpor Capitalized Stock Based Compensation
CapitalizedStockBasedCompensation
1371000 USD
CY2011Q3 gpor Capitalized Stock Based Compensation
CapitalizedStockBasedCompensation
154000 USD
CY2012Q3 gpor Capitalized Stock Based Compensation
CapitalizedStockBasedCompensation
463000 USD
CY2011Q4 gpor Certificates Of Deposit Securing Letter Of Credit
CertificatesOfDepositSecuringLetterOfCredit
275000 USD
CY2012Q3 gpor Certificates Of Deposit Securing Letter Of Credit
CertificatesOfDepositSecuringLetterOfCredit
275000 USD
gpor Cumulative Capitalization Of General And Administrative Costs Incurred And Capitalized To Full Cost Pool
CumulativeCapitalizationOfGeneralAndAdministrativeCostsIncurredAndCapitalizedToFullCostPool
29664000 USD
gpor Foreign Currency Translation Gain Loss On Investment In Grizzly Oil Sands Ulc
ForeignCurrencyTranslationGainLossOnInvestmentInGrizzlyOilSandsUlc
-2200000 USD
gpor Foreign Currency Translation Gain Loss On Note Receivable Related Party
ForeignCurrencyTranslationGainLossOnNoteReceivableRelatedParty
USD
gpor Foreign Currency Translation Gain Loss On Note Receivable Related Party
ForeignCurrencyTranslationGainLossOnNoteReceivableRelatedParty
-1085000 USD
CY2012Q3 gpor Gas Sales
GasSales
973000 USD
gpor Gas Sales
GasSales
2127000 USD
CY2011Q3 gpor Gas Sales
GasSales
923000 USD
gpor Gas Sales
GasSales
3155000 USD
gpor Interest Income Note Receivable
InterestIncomeNoteReceivable
2000 USD
gpor Interest Income Note Receivable
InterestIncomeNoteReceivable
117000 USD
gpor Natural Gas Liquids Sales
NaturalGasLiquidsSales
2374000 USD
CY2012Q3 gpor Natural Gas Liquids Sales
NaturalGasLiquidsSales
874000 USD
gpor Natural Gas Liquids Sales
NaturalGasLiquidsSales
2346000 USD
CY2011Q3 gpor Natural Gas Liquids Sales
NaturalGasLiquidsSales
653000 USD
gpor New Accounting Pronouncements And Changes In Accounting Principles Text Block0
NewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock0
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">NEW ACCOUNTING STANDARDS</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In May 2011, the FASB issued Accounting Standards Update No.&#160;2011-04, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">&#8220;Fair Value Measurement: Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRS,&#8221;</font><font style="font-family:inherit;font-size:10pt;"> which provides amendments to FASB ASC Topic 820, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">&#8220;Fair Value Measurements and Disclosure&#8221;</font><font style="font-family:inherit;font-size:10pt;"> (&#8220;FASB ASC 820&#8221;)</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">.</font><font style="font-family:inherit;font-size:10pt;"> The purpose of the amendments in this update is to create common fair value measurement and disclosure requirements between GAAP and IFRS. The amendments change certain fair value measurement principles and enhance the disclosure requirements. The amendments to FASB ASC 820 are effective for interim and annual periods beginning after December&#160;15, 2011. The adoption did not have a material impact on the Company&#8217;s consolidated financial statements.</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In June 2011, the FASB issued Accounting Standards Update No.&#160;2011-05, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">&#8220;Comprehensive Income: Presentation of Comprehensive Income,&#8221;</font><font style="font-family:inherit;font-size:10pt;"> which provides amendments to FASB ASC Topic 220, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">&#8220;Comprehensive Income&#8221;</font><font style="font-family:inherit;font-size:10pt;"> (&#8220;FASB ASC 220&#8221;). The purpose of the amendments in this update is to provide a more consistent method of presenting non-owner transactions that affect an entity&#8217;s equity. The amendments eliminate the option to report other comprehensive income and its components in the statement of changes in stockholders&#8217; equity and require an entity to present the total of comprehensive income, the components of net income and the components of other comprehensive income either in a single continuous statement or in two separate but consecutive statements. The amendments to FASB ASC 220 are effective for interim and annual periods beginning after December&#160;15, 2011 and should be applied retrospectively. The components of other comprehensive income and total comprehensive income are presented in the accompanying consolidated statements of comprehensive income (loss).</font></div></div>
CY2012Q3 gpor Number Of Wells Plugged
NumberOfWellsPlugged
354 wells
gpor Oil And Condensate Sales
OilAndCondensateSales
154559000 USD
CY2011Q3 gpor Oil And Condensate Sales
OilAndCondensateSales
56447000 USD
CY2012Q3 gpor Oil And Condensate Sales
OilAndCondensateSales
58609000 USD
gpor Oil And Condensate Sales
OilAndCondensateSales
187633000 USD
CY1997Q1 gpor Payments Held For Restricted Cash
PaymentsHeldForRestrictedCash
18000 USD
CY2012Q3 gpor Plugging And Abandonment Escrow Account
PluggingAndAbandonmentEscrowAccount
3113000 USD
CY2011Q4 gpor Plugging And Abandonment Escrow Account
PluggingAndAbandonmentEscrowAccount
3121000 USD
CY2012Q3 gpor Prepaid Drilling Costs
PrepaidDrillingCosts
536000 USD
CY2011Q4 gpor Prepaid Drilling Costs
PrepaidDrillingCosts
228000 USD
CY1997Q1 gpor Purchasing Remaining Percent Interest In Oil And Gas Property
PurchasingRemainingPercentInterestInOilAndGasProperty
0.5
CY1997Q1 gpor Significant Plugging Commitment Minimum Number Of Wells To Be Plugged
SignificantPluggingCommitmentMinimumNumberOfWellsToBePlugged
20 wells
CY1997Q1 gpor Tenure Of Minimum Wells To Be Plugged
TenureOfMinimumWellsToBePlugged
20 Y
CY2012Q3 gpor Total Other Assets
TotalOtherAssets
212220000 USD
CY2011Q4 gpor Total Other Assets
TotalOtherAssets
91947000 USD
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2012
dei Document Period End Date
DocumentPeriodEndDate
2012-09-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0000874499
CY2012Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
55717702 shares
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
GULFPORT ENERGY CORP

Files In Submission

Name View Source Status
0001445305-12-003574-index-headers.html Edgar Link pending
0001445305-12-003574-index.html Edgar Link pending
0001445305-12-003574.txt Edgar Link pending
0001445305-12-003574-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
gpor-20120930.xml Edgar Link completed
gpor-20120930.xsd Edgar Link pending
gpor-20120930_cal.xml Edgar Link unprocessable
gpor-20120930_def.xml Edgar Link unprocessable
gpor-20120930_lab.xml Edgar Link unprocessable
gpor-20120930_pre.xml Edgar Link unprocessable
gpor-2012930x10q.htm Edgar Link pending
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