Company: GPOR
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001628280-25-038172
Chunk: 88

Company: GULFPORT ENERGY CORP
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 88
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 three months ended June 30, 2025 compared to the three months ended June 30, 2024, was primarily the result of changes in futures pricing for oil, natural gas, and NGLs during each period. See Note 10 of our consolidated financial statements for hedged volumes and pricing.

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Lease Operating Expenses (in thousands, except per unit)

Three Months Ended June 30, 2025Three Months Ended June 30, 2024% ChangeLease operating expensesUtica & Marcellus$12,421 $10,717 16 %SCOOP5,207 5,100 2 %Total lease operating expenses$17,628 $15,817 11 %Lease operating expenses per McfeUtica & Marcellus$0.17 $0.14 21 %SCOOP0.28 0.26 8 %Total lease operating expenses per Mcfe$0.19 $0.17 16 %

The increase in our total LOE for the three months ended June 30, 2025 compared to the three months ended June 30, 2024, was primarily the result of an increase in water hauling and labor expenses throughout our operations.

Taxes Other Than Income (in thousands, except per unit)

Three Months Ended June 30, 2025Three Months Ended June 30, 2024% ChangeProduction taxes$5,316 $4,661 14 %Property taxes1,554 1,919 (19)%Other686 438 57 %Total taxes other than income$7,556 $7,018 8 %Total taxes other than income per Mcfe$0.08 $0.07 12 %

The increase in total and per unit taxes other than income for the three months ended June 30, 2025 compared to the three months ended June 30, 2024, was primarily related to an increase in production taxes resulting from the increase in our natural gas, oil and NGL revenues excluding the impact of hedges discussed above.

Transportation, Gathering, Processing and Compression (in thousands, except per unit)

Three Months Ended June 30, 2025Three Months Ended June 30, 2024% ChangeTransportation, gathering, processing and compression$86,508 $86,529 — %Transportation, gathering, processing and compression per Mcfe$0