Company: GPOR
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001628280-25-038172
Chunk: 46

Company: GULFPORT ENERGY CORP
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 46
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):Current274 — Deferred51,396 (7,587)Total income tax expense (benefit)51,670 (7,587)NET INCOME (LOSS)$184,466 $(26,212)Dividends on preferred stock(804)(1,095)Participating securities - preferred stock(20,622)— NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS$163,040 $(27,307)NET INCOME (LOSS) PER COMMON SHARE:Basic$9.21 $(1.51)Diluted$9.12 $(1.51)Weighted average common shares outstanding—Basic17,707 18,144 Weighted average common shares outstanding—Diluted17,907 18,144  

See accompanying notes to consolidated financial statements.

5

GULFPORT ENERGY CORPORATION

CONSOLIDATED STATEMENTS OF OPERATIONS

(In thousands) 

(Unaudited) 

Six Months Ended June 30, 2025Six Months Ended June 30, 2024REVENUES:Natural gas sales$522,742 $332,744 Oil and condensate sales72,802 40,828 Natural gas liquid sales59,553 54,253 Net (loss) gain on natural gas, oil and NGL derivatives(10,447)36,521 Total revenues644,650 464,346 OPERATING EXPENSES:Lease operating expenses37,911 32,625 Taxes other than income14,182 15,278 Transportation, gathering, processing and compression169,378 173,148 Depreciation, depletion and amortization139,265 158,576 General and administrative expenses19,927 19,950 Accretion expense1,205 1,122 Total operating expenses381,868 400,699 INCOME FROM OPERATIONS262,782 63,647 OTHER EXPENSE:Interest expense27,087 30,161 Other, net199 397 Total other expense27,286 30,558 INCOME BEFORE INCOME TAXES235,496 33,089 INCOME TAX EXPENSE:Current105 — Deferred51,389 7,266 Total income tax expense51,494 7,266 NET INCOME$184,002 $25,823 Dividends on preferred stock(1,