Company: GPOR
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001628280-25-038172
Chunk: 44

Company: GULFPORT ENERGY CORP
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 44
---
3

Table of Contents

GULFPORT ENERGY CORPORATION

CONSOLIDATED BALANCE SHEETS

(In thousands)

(Unaudited)

June 30, 2025December 31, 2024AssetsCurrent assets:Cash and cash equivalents$3,794 $1,473 Accounts receivable—oil, natural gas, and natural gas liquids sales128,614 155,942 Accounts receivable—joint interest and other11,748 8,727 Prepaid expenses and other current assets9,576 7,086 Short-term derivative instruments44,191 58,085 Total current assets197,923 231,313 Property and equipment:Oil and natural gas properties, full-cost methodProved oil and natural gas properties3,669,584 3,349,805 Unproved properties211,626 221,650 Other property and equipment12,278 11,291 Total property and equipment3,893,488 3,582,746 Less: accumulated depletion, depreciation and amortization(1,703,691)(1,564,475)Total property and equipment, net2,189,797 2,018,271 Other assets:Long-term derivative instruments20,906 6,003 Deferred tax asset529,844 581,233 Operating lease assets956 6,099 Other assets20,031 22,778 Total other assets571,737 616,113 Total assets$2,959,457 $2,865,697 Liabilities, Mezzanine Equity and Stockholders’ EquityCurrent liabilities:Accounts payable and accrued liabilities$335,631 $298,081 Short-term derivative instruments53,184 41,889 Current portion of operating lease liabilities804 5,538 Total current liabilities389,619 345,508 Non-current liabilities:Long-term derivative instruments44,793 35,081 Asset retirement obligation32,703 32,949 Non-current operating lease liabilities153 561 Long-term debt695,154 702,857 Total non-current liabilities772,803 771,448 Total liabilities$1,162,422 $1,116,956 Commitments and contingencies (Note 9)Mezzanine equity:Preferred stock - $0.0001 par value, 110.0 thousand shares authorized, 31.4 thousand issued and outstanding at June 30, 202