Company: GPOR
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000874499-25-000006
Chunk: 71

Company: GULFPORT ENERGY CORP
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 71
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 on preferred stock(1)(29,986)— Participating securities - preferred stock(2)— — Net income (loss) attributable to common stockholders$81,407 $(15,060)Re-allocation of participating securities— — Diluted net income (loss) attributable to common stockholders$81,407 $(15,060)Basic Shares18,114 18,062 Dilutive Shares18,290 18,062 Basic EPS$4.49 $(0.83)Dilutive EPS$4.45 $(0.83)_____________________(1)    Reflects the difference between the carrying value of the preferred stock and the cash settlement, including $1.1 million in direct transaction-related costs.(2)    Preferred stock represents participating securities because it participates in any dividends on shares of common stock on a pari passu, pro rata basis. However, preferred stock does not participate in undistributed net losses.Nine Months Ended September 30, 2025Nine Months Ended September 30, 2024Net income$295,395 $11,856 Dividends on preferred stock(1,666)(3,293)Deemed dividend on preferred stock(1)(29,986)— Participating securities - preferred stock(2)— (1,259)Net income attributable to common stockholders$263,743 $7,304 Re-allocation of participating securities— 20 Diluted net income attributable to common stockholders$263,743 $7,324 Basic Shares17,901 18,133 Dilutive Shares18,102 18,463 Basic EPS$14.73 $0.40 Dilutive EPS$14.57 $0.40 _____________________(1)    Reflects the difference between the carrying value of the preferred stock and the cash settlement, including $1.1 million in direct transaction-related costs.(2)    Preferred stock represents participating securities because it participates in any dividends on shares of common stock on a pari passu, pro rata basis. However, preferred stock does not participate in undistributed net losses.

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9.COMMITMENTS AND CONTINGENCIES

CommitmentsFirm Transportation and Gathering Agreements    The Company has contractual commitments with midstream and pipeline companies for future gathering and transportation of natural gas from the Company's producing wells to downstream markets. Under certain