Company: GPOR
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001628280-25-038172
Chunk: 95

Company: GULFPORT ENERGY CORP
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 95
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 $157,911 (12)%Depreciation, depletion and amortization of other property and equipment1,052 665 58 %Total depreciation, depletion and amortization$139,265 $158,576 (12)%Depreciation, depletion and amortization per Mcfe$0.79 $0.83 (4)%

The total and per unit depreciation, depletion and amortization of our oil and gas properties for the six months ended June 30, 2025 compared to the six months ended June 30, 2024, decreased primarily due to a lower depletion rate resulting from a decline in our amortization base from the full cost ceiling test impairments recorded during 2024, combined with a decrease in our production as noted above.

43

General and Administrative Expenses (in thousands, except per unit)

Six Months Ended June 30, 2025Six Months Ended June 30, 2024% ChangeGeneral and administrative expenses, gross$40,838 $39,228 4 %Reimbursed from third parties(8,246)(7,243)14 %Capitalized general and administrative expenses(12,665)(12,035)5 %General and administrative expenses, net$19,927 $19,950 — %General and administrative expenses, net per Mcfe$0.11 $0.10 9 %

The increase in general and administrative expenses for the six months ended June 30, 2025 compared to the six months ended June 30, 2024, was primarily driven by increases in employee compensation and legal expense related to the matters disclosed in Note 9 of our consolidated financial statements.

Interest Expense (in thousands, except per unit)

Six Months Ended June 30, 2025Six Months Ended June 30, 2024% ChangeInterest on 2026 Senior Notes$777 $22,000 (96)%Interest on 2029 Senior Notes21,938 — 100 %Interest expense on Credit Facility4,007 7,578 (47)%Amortization of loan costs2,613 1,894 38 %Capitalized interest(2,877)(2,372)21 %Other629 1,061 (41)%Total interest expense$27,087 $30,161 (10)%Interest expense per Mcfe$0.15 $0.16 (2)%

Due