Company: GPOR
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001628280-25-008043
Chunk: 377

Company: GULFPORT ENERGY CORP
Filing Date: 2025-02-26
Form: 10-K
Item: Item 8
Chunk 377
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ation, gathering, processing and compression351,237 348,631 357,246 Depreciation, depletion and amortization325,723 319,715 267,761 Impairment of oil and natural gas properties373,214 — — General and administrative expenses42,558 38,600 35,304 Restructuring costs— 4,762 — Accretion expense2,307 2,782 2,746 Total operating expenses1,194,888 816,855 787,986 (LOSS) INCOME FROM OPERATIONS(236,757)974,847 543,126 OTHER EXPENSE (INCOME):Interest expense59,982 57,069 59,773 Loss on debt extinguishment13,388 — — Other, net7,336 (27,982)(11,348)Total other expense80,706 29,087 48,425 (LOSS) INCOME BEFORE INCOME TAXES(317,463)945,760 494,701 INCOME TAX BENEFIT:Current— — — Deferred(56,077)(525,156)— Total income tax benefit(56,077)(525,156)— NET (LOSS) INCOME(261,386)1,470,916 494,701 Dividends on preferred stock(4,230)(4,840)(5,444)Participating securities - preferred stock— (212,360)(76,401)NET (LOSS) INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS$(265,616)$1,253,716 $412,856 NET (LOSS) INCOME PER COMMON SHARE:Basic$(14.72)$67.24 $20.45 Diluted$(14.72)$66.46 $20.32 Weighted average common shares outstanding—Basic18,050 18,645 20,185 Weighted average common shares outstanding—Diluted18,050 18,902 20,347 

See accompanying notes to consolidated financial statements.

61

Table of ContentsIndex to Financial Statements

GULFPORT ENERGY CORPORATION

CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY

(In thousands)

Common StockCommon Stock Held in ReserveTreasury StockPaid-inCapitalRetained Earnings (AccumulatedDeficit)Total Stockholders’Equity