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

Company: GULFPORT ENERGY CORP
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 2
Chunk 11
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$643,771 Average price without the impact of derivatives ($/Mcfe)$3.48 $2.23 Impact from settled derivatives ($/Mcfe)$0.16 $0.83 Average price, including settled derivatives ($/Mcfe)$3.64 $3.06 Production Costs:Average lease operating expenses ($/Mcfe)$0.21 $0.18 Average taxes other than income ($/Mcfe)$0.08 $0.08 Average transportation, gathering, processing and compression ($/Mcfe)$0.96 $0.91 Total lease operating expenses, taxes other than income and midstream costs ($/Mcfe)$1.25 $1.16 

43

Natural Gas, Oil and Condensate and NGL Sales (in thousands)

Nine Months Ended September 30, 2025Nine Months Ended September 30, 2024% ChangeNatural gas$759,543 $492,606 54 %Oil and condensate110,208 70,295 57 %NGL98,287 80,870 22 %Natural gas, oil and condensate and NGL sales$968,038 $643,771 50 %

The increase in natural gas sales without the impact of derivatives, when comparing the nine months ended September 30, 2025 to the nine months ended September 30, 2024, was due to a 66% increase in realized prices, partially offset by a 7% decrease in sales volumes. The realized price change was primarily driven by the increase in the average Henry Hub gas index from $2.10 per Mcf in the nine months ended September 30, 2024, to $3.39 per Mcf in the nine months ended September 30, 2025. The 7% decrease in natural gas production was primarily due to natural declines partially offset by our 2024 and 2025 development programs and the impact of unplanned, third-party midstream outages and constraints.

The increase in oil and condensate sales without the impact of derivatives, when comparing the nine months ended September 30, 2025 to the nine months ended September 30, 2024, was due to a 86% increase in sales volumes, partially offset by a 16% decrease in realized prices. The 86% increase in oil and condensate production was primarily due to commencement of sales