Company: GPOR
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000874499-25-000006
Chunk: 78

Company: GULFPORT ENERGY CORP
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 78
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5Rex Zone 3NYMEX Plus Fixed Spread110,000 $(0.20)Remaining 2025NGPL TXOKNYMEX Plus Fixed Spread40,000 $(0.29)Remaining 2025TETCO M2NYMEX Plus Fixed Spread230,000 $(0.96)Remaining 2025Transco Station 85NYMEX Plus Fixed Spread10,000 $0.45 Remaining 2025TGP 500NYMEX Plus Fixed Spread20,000 $0.41 2026Rex Zone 3NYMEX Plus Fixed Spread80,000 $(0.18)2026NGPL TXOKNYMEX Plus Fixed Spread30,000 $(0.30)2026TETCO M2NYMEX Plus Fixed Spread150,000 $(0.97)2026Transco Station 85NYMEX Plus Fixed Spread10,000 $0.56 2026TGP 500NYMEX Plus Fixed Spread20,000 $0.56 2027NGPL TXOKNYMEX Plus Fixed Spread10,000 $(0.29)2027TETCO M2NYMEX Plus Fixed Spread40,000 $(0.93)Balance Sheet PresentationThe Company reports the fair value of derivative instruments on the consolidated balance sheets as derivative instruments under current assets, noncurrent assets, current liabilities and noncurrent liabilities on a gross basis. The Company determines the current and noncurrent classification based on the timing of expected future cash flows of individual trades. The following table presents the fair value of the Company’s derivative instruments on a gross basis at September 30, 2025 and December 31, 2024 (in thousands):September 30, 2025December 31, 2024Short-term derivative asset$44,556 $58,085 Long-term derivative asset16,378 6,003 Short-term derivative liability(30,898)(41,889)Long-term derivative liability(29,864)(35,081)Total commodity derivative position$172 $(12,882)

26

Gains and LossesThe following tables present the gain and loss recognized in net gain (loss) on natural gas, oil and NGL derivatives in the accompanying consolidated statements of operations for the three and nine months ended September 30, 2025 and 2024 (in thousands):Net gain (loss) on derivative instrumentsThree Months