Company: GPOR
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001628280-25-008043
Chunk: 447

Company: GULFPORT ENERGY CORP
Filing Date: 2025-02-26
Form: 10-K
Item: Item 8
Chunk 447
---
480 5,723 Other, net6,315 7,645 5,528 Changes in operating assets and liabilities, net(15,212)28,701 19,427 Net cash provided by operating activities650,033 723,181 739,077 Cash flows from investing activities:Additions to oil and natural gas properties(454,098)(537,360)(460,780)Proceeds from sale of oil and natural gas properties225 2,659 3,360 Other, net(2,120)(2,526)(875)Net cash used in investing activities(455,993)(537,227)(458,295)Cash flows from financing activities:Principal payments on Credit Facility(1,036,000)(998,000)(2,082,000)Borrowings on Credit Facility956,000 971,000 2,063,000 Issuance of 2029 Senior Notes650,000 — — Early retirement of 2026 Senior Notes(524,298)— — Premium paid on 2026 Senior Notes(12,941)— — Debt issuance costs and loan commitment fees(14,933)(7,068)(234)Dividends on preferred stock(4,230)(4,840)(5,444)Repurchase of common stock under Repurchase Program(105,344)(108,735)(250,482)Repurchase of common stock under Repurchase Program - related party(79,133)(40,430)— Shares exchanged for tax withholdings(23,614)(3,207)(1,623)Other, net(3)(4)— Net cash used in financing activities(194,496)(191,284)(276,783)Net change in cash and cash equivalents(456)(5,330)3,999 Cash and cash equivalents at beginning of period1,929 7,259 3,260 Cash and cash equivalents at end of period$1,473 $1,929 $7,259 

See accompanying notes to consolidated financial statements.

63

Table of ContentsIndex to Financial Statements

GULFPORT ENERGY CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

1.SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Description of CompanyGulfport Energy Corporation is an independent natural gas-weighted exploration and production company focused on the exploration, acquisition and production of natural gas, crude oil and