Company: GPOR
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001628280-25-022951
Chunk: 75

Company: GULFPORT ENERGY CORP
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 75
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2025Three Months Ended March 31, 2024% ChangeTransportation, gathering, processing and compression$82,870 $86,619 (4)%Transportation, gathering, processing and compression per Mcfe$0.99 $0.90 10 %

 Transportation, gathering, processing and compression for the three months ended March 31, 2025 compared to the three months ended March 31, 2024, increased on a per unit basis primarily as a result of an increase in the proportion of natural gas liquids and oil and condensate sales and a 12% decrease in total production volumes due to natural declines and the timing of our 2024 and 2025 development programs during the three months ended March 31, 2025. 

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Depreciation, Depletion and Amortization (in thousands, except per unit)

Three Months Ended March 31, 2025Three Months Ended March 31, 2024% ChangeDepreciation, depletion and amortization of oil and gas properties$65,090 $79,681 (18)%Depreciation, depletion and amortization of other property and equipment532 342 55 %Total depreciation, depletion and amortization$65,622 $80,023 (18)%Depreciation, depletion and amortization per Mcfe$0.78 $0.83 (6)%

The total and per unit depreciation, depletion and amortization of our oil and gas properties for the three months ended March 31, 2025 compared to the three months ended March 31, 2024, decreased primarily due to a lower depletion rate resulting from a decline in our amortization base from the full cost ceiling test impairments recorded during 2024, combined with a decrease in our production as noted above.

General and Administrative Expenses (in thousands, except per unit)

Three Months Ended March 31, 2025Three Months Ended March 31, 2024% ChangeGeneral and administrative expenses, gross$19,199 $18,442 4 %Reimbursed from third parties(3,966)(3,538)12 %Capitalized general and administrative expenses(6,232)(5,706)9 %General and administrative expenses, net$9,001 $9,198 (2)%General and administrative expenses, net per Mcfe$0.11 $0.10 12 %

The decrease in