Company: GPOR
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001628280-25-038172
Chunk: 65

Company: GULFPORT ENERGY CORP
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 65
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 0.2 million shares of restricted stock that were considered dilutive for the three and six months ended June 30, 2025, respectively. There were 0.3 million shares of restricted stock that were considered anti-dilutive for the three months ended June 30, 2024, and 0.4 million shares of restricted stock that were considered dilutive for the six months ended June 30, 2024. There were 2.2 million potential shares of common stock issuable due to the Company's convertible preferred stock as of June 30, 2025. There were 3.1 million potential shares of common stock issuable due to the Company's convertible preferred stock as of June 30, 2024. Reconciliations of the components of basic and diluted net income (loss) per common share are presented in the tables below (in thousands):Three Months Ended June 30, 2025Three Months Ended June 30, 2024Net income (loss)$184,466 $(26,212)Dividends on preferred stock(804)(1,095)Participating securities - preferred stock(1)(20,622)— Net income (loss) attributable to common stockholders$163,040 $(27,307)Re-allocation of participating securities205 — Diluted net (loss) income attributable to common stockholders$163,245 $(27,307)Basic Shares17,707 18,144 Dilutive Shares17,907 18,144 Basic EPS$9.21 $(1.51)Dilutive EPS$9.12 $(1.51)_____________________(1)    Preferred stock represents participating securities because it participates in any dividends on shares of common stock on a pari passu, pro rata basis. However, preferred stock does not participate in undistributed net losses.

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Six Months Ended June 30, 2025Six Months Ended June 30, 2024Net income$184,002 $25,823 Dividends on preferred stock(1,666)(2,200)Participating securities - preferred stock(1)(20,385)(3,469)Net income attributable to common stockholders$161,951 $20,154 Re-allocation of participating securities217 64 Diluted net income attributable to common stockholders$162,168 $20,218 Basic Shares17,793