Gulfport Energy (GPOR) opened 2026 with Q1 revenue of US$453.3 million and basic EPS of US$8.94, setting the tone for what the latest results say about margins and pricing across its portfolio. Over recent quarters, revenue has moved from US$338.1 million in Q1 2025 to US$350.1 million in Q4 2025 and now US$453.3 million in Q1 2026, while basic EPS has shifted from a small loss of US$0.07 in Q1 2025 to US$6.90 in Q4 2025 and US$8.94 in the latest quarter. With trailing twelve month EPS at US$30.63 and net income of US$563.3 million, the current print gives investors a clear read on how pricing and production are feeding through to profitability.
See our full analysis for Gulfport Energy.With the latest numbers on the table, the next step is to see how this earnings profile lines up against the widely followed bull, bear, and consensus narratives around Gulfport Energy, and where the story in the data pushes back on those views.
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TTM net income reaches US$563.3 million
- Over the last twelve months, net income (excluding extra items) totaled US$563.3 million on US$1.4b of revenue, compared with US$396.2 million on US$1.3b of revenue in the prior trailing period.
- Analysts' consensus view points to earnings growth as a key part of the optimistic case, and the move from losses in earlier periods to US$563.3 million of trailing net income gives that bullish angle some factual backing, although:
- Past five year earnings growth is cited at 23.7% per year, yet forecasts call for a small 0.1% annual decline in earnings over the next three years, so the recent profit run rate is not assumed to continue in the same way.
- Q1 2026 net income of US$165.8 million sits within that profitable streak, which supports the idea of an earnings base, but the forecast dip reminds you that analysts are not extrapolating this quarter in a straight line.
Bulls argue that the shift from losses to US$563.3 million of trailing profit could be the early chapters of a longer story, and the full bullish case sets out how that ties into growth projects and capital allocation 🐂 Gulfport Energy Bull Case
Commodity prices lift realized gas and liquids
- Realized gas price without hedges in Q1 2026 was US$4.90 per unit versus US$2.61 in Q3 2025, while realized NGL prices were around US$30 per unit in both hedged and unhedged terms in Q1 2026 after sitting near US$28 to US$29 in Q3 2025.
- Consensus narrative often leans on stronger natural gas demand and premium market access to support pricing, and the step up from US$2.61 to US$4.90 in unhedged realized gas price gives some grounding to that view, though:
- Q1 2026 total oil equivalent production was 14.95 MMboe compared with 17.17 MMboe in Q3 2025, so higher realized prices are paired with lower reported volumes over that comparison.
- Realized hedged oil price moved from US$62.62 in Q3 2025 to US$61.60 in Q1 2026, which shows the quarter is not a simple across the board lift in commodity realizations even if gas pricing was stronger in the data provided.
Cheap trailing P/E meets cautious earnings forecasts
- With trailing EPS at US$30.63 and the share price at US$180.44, the stock is on a P/E of about 5.9x versus an industry figure of 14.7x and a peer level of 22.7x, while a DCF fair value of US$961.59 and an analyst price target of US$243.75 both sit above the current price.
- Bears highlight that earnings are forecast to decline by about 0.1% per year for the next three years and point to balance sheet and insider selling risks, and the numbers here give that cautious angle some hooks as well as some pushback:
- The move from trailing net income of US$396.2 million to US$563.3 million lines up awkwardly with the idea of an earnings decline ahead, so the forecast softening is more about future expectations than current profitability.
- At the same time, the reference to a high level of debt and recent insider selling in the risk summary shows why some investors might hesitate even when the share price sits below both the DCF fair value and the US$243.75 median target.
Skeptics often focus on the modest earnings decline that is forecast and the debt load highlighted in the risk summary, and the detailed cautious case pulls these threads together alongside valuation and balance sheet data 🐻 Gulfport Energy Bear Case
Next Steps
To see how these results tie into long-term growth, risks, and valuation, check out the full range of community narratives for Gulfport Energy on Simply Wall St. Add the company to your watchlist or portfolio so you'll be alerted when the story evolves.
With both concerns and optimism running through the data, this is a moment to look closely at the evidence and decide where you stand, then weigh up the 4 key rewards and 3 important warning signs.
See What Else Is Out There
Gulfport Energy pairs a low trailing P/E with cautious earnings forecasts, balance sheet concerns and insider selling risks that could limit comfort for some investors.
If those debt and risk flags give you pause, it is worth checking companies screened for resilience and lower risk profiles through the 74 resilient stocks with low risk scores.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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