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

Company: GULFPORT ENERGY CORP
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 2
Chunk 10
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 without the impact of derivatives ($/Bbl)$30.92 $29.48 Impact from settled derivatives ($/Bbl)$(0.85)$(0.75)Average price, including settled derivatives ($/Bbl)$30.07 $28.73 Natural gas, oil and condensate and NGL salesNatural gas equivalents (MMcfe)175,208 191,451 Natural gas equivalents (MMcfe) per day968 1,052 Total sales$655,097 $427,825 Average price without the impact of derivatives ($/Mcfe)$3.74 $2.23 Impact from settled derivatives ($/Mcfe)$0.05 $0.82 Average price, including settled derivatives ($/Mcfe)$3.79 $3.05 Production Costs:Average lease operating expenses ($/Mcfe)$0.22 $0.17 Average taxes other than income ($/Mcfe)$0.08 $0.08 Average transportation, gathering, processing and compression ($/Mcfe)$0.97 $0.90 Total lease operating expenses, taxes other than income and midstream costs ($/Mcfe)$1.26 $1.15 

41

Natural Gas, Oil and Condensate and NGL Sales (in thousands)

Six Months Ended June 30, 2025Six Months Ended June 30, 2024% ChangeNatural gas$522,742 $332,744 57 %Oil and condensate72,802 40,828 78 %NGL59,553 54,253 10 %Natural gas, oil and condensate and NGL sales$655,097 $427,825 53 %

The increase in natural gas sales without the impact of derivatives, when comparing the six months ended June 30, 2025 to the six months ended June 30, 2024, was due to a 78% increase in realized prices, partially offset by a 12% decrease in sales volumes. The realized price change was primarily driven by the increase in the average Henry Hub gas index from $2.07 per Mcf in the six months ended June 30, 2024, to $3.55 per Mcf in the six months ended June 30, 2025. The 12% decrease in natural gas production was primarily due to natural declines partially offset by our