Company: GPOR
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000874499-25-000006
Chunk: 53

Company: GULFPORT ENERGY CORP
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 53
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608 $2 — $— $(500)$1,509 $1,764,668 $1,765,679 Net income— — — — — — 111,393 111,393 Conversion of preferred stock2,118 — — — — 28,907 — 28,907 Redemption of preferred stock— — — — — — (29,986)(29,986)Stock compensation— — — — — 4,391 — 4,391 Repurchase of common stock under Repurchase Program(250)— — — (1,439)(31,356)(12,930)(45,725)Issuance of common stock upon vesting of share-based awards11 — — — — — — — Common stock withheld for income taxes on share-based awards(2)— — — — (348)— (348)Dividends on preferred stock— — — — — (2)— (2)Balance at September 30, 202519,485 $2 — $— $(1,939)$3,101 $1,833,145 $1,834,309 

See accompanying notes to consolidated financial statements.

8

GULFPORT ENERGY CORPORATION

CONSOLIDATED STATEMENTS OF CASH FLOWS

(In thousands)

(Unaudited)

Nine Months Ended September 30, 2025Nine Months Ended September 30, 2024Cash flows from operating activities:Net income$295,395 $11,856 Adjustments to reconcile net income to net cash provided by operating activities:Depletion, depreciation and amortization222,481 241,401 Impairment of oil and natural gas properties— 30,487 Loss on debt extinguishment— 13,388 Net gain on derivative instruments(56,357)(74,487)Net cash receipts on settled derivative instruments43,302 240,941 Deferred income tax expense82,904 3,433 Stock-based compensation expense9,245 8,410 Other, net6,236 4,509 Changes in operating assets and liabilities, net14,555 21,247 Net cash provided by operating activities617,761 501,185 Cash flows from investing activities