Company: GPOR
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001628280-25-022951
Chunk: 37

Company: GULFPORT ENERGY CORP
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 37
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5, and 37.3 thousand issued and outstanding at December 31, 202432,887 37,348 Stockholders’ equity:Common stock - $0.0001 par value, 42.0 million shares authorized, 17.8 million issued and outstanding at March 31, 2025, and 17.8 million issued and outstanding at December 31, 20242 2 Additional paid-in capital76,683 129,059 Retained earnings1,581,006 1,582,332 Treasury stock, at cost - 11.9 thousand shares at March 31, 2025 and 0 shares at December 31, 2024(2,192)— Total stockholders’ equity$1,655,499 $1,711,393 Total liabilities, mezzanine equity and stockholders’ equity$2,947,585 $2,865,697 

See accompanying notes to consolidated financial statements.

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Table of Contents

GULFPORT ENERGY CORPORATION

CONSOLIDATED STATEMENTS OF OPERATIONS

(In thousands) 

(Unaudited) 

Three Months Ended March 31, 2025Three Months Ended March 31, 2024REVENUES:Natural gas sales$281,506 $188,286 Oil and condensate sales31,259 21,701 Natural gas liquid sales30,817 28,106 Net (loss) gain on natural gas, oil and NGL derivatives(146,548)45,136 Total revenues197,034 283,229 OPERATING EXPENSES:Lease operating expenses20,283 16,808 Taxes other than income6,626 8,260 Transportation, gathering, processing and compression82,870 86,619 Depreciation, depletion and amortization65,622 80,023 General and administrative expenses9,001 9,198 Accretion expense618 555 Total operating expenses185,020 201,463 INCOME FROM OPERATIONS12,014 81,766 OTHER EXPENSE (INCOME):Interest expense13,356 15,003 Other, net(702)(125)Total other expense (income)12,654 14,878 (LOSS) INCOME BEFORE INCOME TAXES(640)66,888 INCOME TAX (BENEFIT)