Company: GPOR
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001628280-25-038172
Chunk: 109

Company: GULFPORT ENERGY CORP
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 8
Chunk 109
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 which requires disclosures about specific types of expenses included in the expense captions presented on the face of the income statement as well as disclosures about selling expenses. ASU 2024-03 is effective for annual reporting periods beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027. The requirements will be applied prospectively with the option for retrospective application. The Company is currently evaluating the impact that the adoption of this accounting standard will have on its financial disclosures.

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Table of Contents

Accounts Payable and Accrued LiabilitiesAccounts payable and accrued liabilities consisted of the following (in thousands):June 30, 2025December 31, 2024Revenue payable and suspense$138,545 $139,703 Accounts payable58,998 34,668 Accrued capital expenditures47,312 20,229 Accrued transportation, gathering, processing and compression36,280 36,170 Other accrued liabilities54,496 67,311 Total accounts payable and accrued liabilities$335,631 $298,081 Supplemental Cash Flow and Non-Cash Information (in thousands)Six Months Ended June 30, 2025Six Months Ended June 30, 2024Supplemental disclosure of cash flow information:Interest payments, net of amounts capitalized$23,191 $28,263 Income taxes paid$2,400 $— Changes in operating assets and liabilities, net:Accounts receivable - oil, natural gas, and natural gas liquid sales$27,328 $28,133 Accounts receivable - joint interest and other(3,021)1,011 Accounts payable and accrued liabilities(17,329)(37,017)Prepaid expenses(3,060)(649)Other assets(41)31 Total changes in operating assets and liabilities, net$3,877 $(8,491)Supplemental disclosure of non-cash transactions:Capitalized stock-based compensation$3,105 $2,830 Asset retirement obligation capitalized222 375 Asset retirement obligation removed due to settlements(1,030)— Release of common stock held in reserve— 1,996 

2.SEGMENT INFORMATION

The Company's assets and operations consist of one reportable segment with all revenues, operating expenses and assets attributable to this segment reflected in the consolidated financial statements. The Company derives its revenue from the sale of natural gas, oil and condensate and N