Company: GPOR
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000874499-25-000006
Chunk: 117

Company: GULFPORT ENERGY CORP
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 8
Chunk 117
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 which requires disclosures about specific types of expenses included in the expense captions presented on the face of the income statement as well as disclosures about selling expenses. ASU 2024-03 is effective for annual reporting periods beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027. The requirements will be applied prospectively with the option for retrospective application. The Company is currently evaluating the impact that the adoption of this accounting standard will have on its financial disclosures.ReclassificationCertain reclassifications have been made to prior period financial statements and related disclosures to conform to current period presentation. These reclassifications have no impact on previous reported total assets, total liabilities, net income or total operating cash flows.

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Table of Contents

Accounts Payable and Accrued LiabilitiesAccounts payable and accrued liabilities consisted of the following (in thousands):September 30, 2025December 31, 2024Revenue payable and suspense$143,505 $139,703 Accounts payable55,826 34,668 Accrued transportation, gathering, processing and compression43,121 36,170 Accrued capital expenditures20,616 20,229 Other accrued liabilities50,832 67,311 Total accounts payable and accrued liabilities$313,900 $298,081 Supplemental Cash Flow and Non-Cash Information (in thousands)Nine Months Ended September 30, 2025Nine Months Ended September 30, 2024Supplemental disclosure of cash flow information:Interest payments, net of amounts capitalized$46,385 $43,980 Income taxes paid$2,400 $— Changes in operating assets and liabilities, net:Accounts receivable - oil, natural gas, and natural gas liquid sales$33,952 $33,548 Accounts receivable - joint interest and other817 7,947 Accounts payable and accrued liabilities(17,612)(21,117)Prepaid expenses(2,603)850 Other assets1 19 Total changes in operating assets and liabilities, net$14,555 $21,247 Supplemental disclosure of non-cash transactions:Capitalized stock-based compensation$4,554 $4,142 Asset retirement obligation capitalized$520 $681 Asset retirement obligation removed due to settlements$(1,030)$— Release of common stock held in reserve$— $1,996 Unamortized 2026 Senior Notes