Company: GPOR
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001628280-25-038172
Chunk: 9

Company: GULFPORT ENERGY CORP
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 2
Chunk 9
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 financial statements for further details of our Credit Facility and 2029 Senior Notes. The Company also capitalized $1.4 million and $1.2 million in interest expense for the three months ended June 30, 2025 and June 30, 2024, respectively.

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Income Taxes

We recorded income tax expense of $51.7 million and income tax benefit of $7.6 million for the three months ended June 30, 2025 and June 30, 2024, respectively. See Note 14 of our consolidated financial statements for further discussion of our income tax expense.

40

Comparison of the Six Month Periods Ended June 30, 2025 and 2024

Natural Gas, Oil and Condensate and NGL Production and Pricing (sales totals in thousands)

The following table summarizes our natural gas, oil and condensate, and NGL production and related pricing for the six months ended June 30, 2025 as compared to the six months ended June 30, 2024. Some totals below may not sum or recalculate due to rounding. 

Six Months Ended June 30, 2025Six Months Ended June 30, 2024Natural gas salesNatural gas production volumes (MMcf)156,517 177,091 Natural gas production volumes (MMcf) per day865 973 Total sales$522,742 $332,744 Average price without the impact of derivatives ($/Mcf)$3.34 $1.88 Impact from settled derivatives ($/Mcf)$0.05 $0.89 Average price, including settled derivatives ($/Mcf)$3.39 $2.77 Oil and condensate salesOil and condensate production volumes (MBbl)1,189 553 Oil and condensate production volumes (MBbl) per day7 3 Total sales$72,802 $40,828 Average price without the impact of derivatives ($/Bbl)$61.22 $73.84 Impact from settled derivatives ($/Bbl)$2.46 $(0.46)Average price, including settled derivatives ($/Bbl)$63.68 $73.38 NGL salesNGL production volumes (MBbl)1,926 1,841 NGL production volumes (MBbl) per day11 10 Total sales$59,553 $54,253 Average price