Company: GPOR
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001628280-25-008043
Chunk: 309

Company: GULFPORT ENERGY CORP
Filing Date: 2025-02-26
Form: 10-K
Item: Item 7A
Chunk 309
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32,949 29,941 Non-current operating lease liabilities561 1,340 Long-term debt702,857 667,382 Total non-current liabilities771,448 717,265 Total liabilities1,116,956 1,061,719 Commitments and contingencies (Notes 17 and 18)Mezzanine equity:Preferred stock - $0.0001 par value, 110.0 thousand shares authorized, 37.3 thousand issued and outstanding at December 31, 2024, and 44.2 thousand issued and outstanding at December 31, 202337,348 44,214 Stockholders’ equity:Common stock - $0.0001 par value, 42.0 million shares authorized, 17.8 million issued and outstanding at December 31, 2024, and 18.3 million issued and outstanding at December 31, 20232 2 Additional paid-in capital129,059 315,726 Common stock held in reserve, 0 shares at December 31, 2024, and 62.0 thousand shares at December 31, 2023— (1,996)Retained earnings1,582,332 1,847,948 Total stockholders’ equity1,711,393 2,161,680 Total liabilities, mezzanine equity and stockholders’ equity$2,865,697 $3,267,613 

See accompanying notes to consolidated financial statements.

60

Table of ContentsIndex to Financial Statements

GULFPORT ENERGY CORPORATION

CONSOLIDATED STATEMENTS OF OPERATIONS

(In thousands)

Year Ended December 31, 2024Year Ended December 31, 2023Year Ended December 31, 2022REVENUES:Natural gas sales$714,160 $831,812 $1,998,452 Oil and condensate sales101,589 99,854 147,444 Natural gas liquid sales112,855 119,717 184,963 Net gain (loss) on natural gas, oil and NGL derivatives29,527 740,319 (999,747)Total revenues958,131 1,791,702 1,331,112 OPERATING EXPENSES:Lease operating expenses70,112 68,648 64,790 Taxes other than income29