Company: GPOR
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001628280-25-008043
Chunk: 320

Company: GULFPORT ENERGY CORP
Filing Date: 2025-02-26
Form: 10-K
Item: Item 7A
Chunk 320
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-cash transactions:Capitalized stock-based compensation$5,397 $4,046 $2,948 Asset retirement obligation capitalized682 588 2,169 Asset retirement obligation removed due to divestiture and settlements— (1,267)(7)Asset retirement obligation revisions19 (5,077)2,072 Release of common stock held in reserve1,996 — 28,220 Unamortized 2026 Senior Notes debt issuance costs447 — — 

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Table of ContentsIndex to Financial Statements

Accounts Payable and Accrued LiabilitiesAccounts payable and accrued liabilities consisted of the following (in thousands):December 31, 2024December 31, 2023Revenue payable and suspense$139,703 $148,598 Accounts payable34,668 43,517 Accrued capital expenditures20,229 38,322 Accrued transportation, gathering, processing, and compression36,170 32,849 Accrued contract rejection damages and shares held in reserve— 1,996 Other accrued liabilities67,311 44,250 Total accounts payable and accrued liabilities$298,081 $309,532 Other, netOther, net in the Company's consolidated statements of operations for the year ended December 31, 2024, included approximately $4.9 million related to changes in the Company's legal reserves for certain litigation and regulatory proceedings. Additionally, Other, net included approximately $1.9 million as a result of a write-down of certain of its pipe inventory that the Company does not expect to utilize in its drilling and completion activities.As part of its Chapter 11 Cases and restructuring efforts, the Company filed motions to reject certain firm transportation agreements between the Company and affiliates of TC Energy Corporation (“TC”) and Rover Pipeline LLC (“Rover”). During the first quarter of 2023, Gulfport finalized a settlement agreement with Rover that was approved by the Bankruptcy Court on February 21, 2023. Pursuant to the settlement agreement, Gulfport and Rover agreed that the firm transportation contracts between them would be rejected. As part of the settlement, Gulfport paid a $1.0 million administrative claim, which is included in Other, net. On February 24, 2023, Gulfport received an additional $17.8 million interim distribution for its TC claim, which is also included in Other, net. Other, net in the second quarter