Company: GPOR
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001628280-25-038172
Chunk: 110

Company: GULFPORT ENERGY CORP
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 8
Chunk 110
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GL produced from its oil and natural gas properties located in the United States.The CODM of the Company is its Chief Executive Officer. The CODM assesses entity-wide operating results and performance and decides how to allocate resources based on net income (loss), which is reported on the consolidated statement of operations.  The measure of segment assets is reported on the consolidated balance sheets as “total assets”.

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The following tables present selected financial information with respect to the Company's one operating segment for the three and six months ended June 30, 2025 and 2024 (in thousands):Three Months Ended June 30, 2025Three Months Ended June 30, 2024Total revenues$447,616 $181,117 Significant segment expensesLease operating expenses17,628 15,817 Taxes other than income7,556 7,018 Transportation, gathering, processing and compression86,508 86,529 Depreciation, depletion, and amortization73,643 78,553 General and administrative10,926 10,752 Interest expense13,731 15,158 Other segment expenses(1)1,488 1,089 Income tax expense (benefit)51,670 (7,587)Total significant segment expenses263,150 207,329 Net income (loss)$184,466 $(26,212)Capital expenditures(2)$139,543 $149,733 _____________________(1)    Other segment expenses include “Accretion expense” and “Other, net” from the consolidated statements of operations.(2)    Capital expenditures include capitalized general and administrative costs and capitalized interest expense.Six Months Ended June 30, 2025Six Months Ended June 30, 2024Total revenues$644,650 $464,346 Significant segment expensesLease operating expenses37,911 32,625 Taxes other than income14,182 15,278 Transportation, gathering, processing and compression169,378 173,148 Depreciation, depletion, and amortization139,265 158,576 General and administrative19,927 19,950 Interest expense27,087 30,161 Other segment expenses(1)1,404 1,519 Income tax expense51,494 7,266 Total significant segment expenses460,648 438,523 Net income$184,002 $25,