Company: GPOR
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000874499-25-000006
Chunk: 47

Company: GULFPORT ENERGY CORP
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 47
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Table of Contents

GULFPORT ENERGY CORPORATION

CONSOLIDATED BALANCE SHEETS

(In thousands)

(Unaudited)

September 30, 2025December 31, 2024AssetsCurrent assets:Cash and cash equivalents$3,367 $1,473 Accounts receivable—oil, natural gas, and natural gas liquids sales121,990 155,942 Accounts receivable—joint interest and other7,910 8,727 Prepaid expenses and other current assets8,804 7,086 Short-term derivative instruments44,556 58,085 Total current assets186,627 231,313 Property and equipment:Oil and natural gas properties, full-cost methodProved oil and natural gas properties3,779,424 3,349,805 Unproved properties208,050 221,650 Other property and equipment12,779 11,291 Total property and equipment4,000,253 3,582,746 Less: accumulated depletion, depreciation and amortization(1,786,883)(1,564,475)Total property and equipment, net2,213,370 2,018,271 Other assets:Long-term derivative instruments16,378 6,003 Deferred tax asset498,329 581,233 Operating lease assets760 6,099 Other assets19,531 22,778 Total other assets534,998 616,113 Total assets$2,934,995 $2,865,697 Liabilities, Mezzanine Equity and Stockholders’ EquityCurrent liabilities:Accounts payable and accrued liabilities$313,900 $298,081 Short-term derivative instruments30,898 41,889 Current portion of operating lease liabilities747 5,538 Total current liabilities345,545 345,508 Non-current liabilities:Long-term derivative instruments29,864 35,081 Asset retirement obligation33,598 32,949 Non-current operating lease liabilities13 561 Long-term debt691,666 702,857 Total non-current liabilities755,141 771,448 Total liabilities$1,100,686 $1,116,956 Commitments and contingencies (Note 9)Mezzanine equity:Preferred stock - $0.0001 par value, 110.0 thousand shares authorized, 0 issued and outstanding at September 30, 2025, and 37