Company: GPOR
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001628280-25-022951
Chunk: 42

Company: GULFPORT ENERGY CORP
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 42
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31, 2025Three Months Ended March 31, 2024Supplemental disclosure of cash flow information:Interest payments, net of amounts capitalized$21,059 $3,124 Changes in operating assets and liabilities, net:Accounts receivable - oil, natural gas and natural gas liquid sales$(2,118)$37,457 Accounts receivable - joint interest and other(20)(4,145)Accounts payable and accrued liabilities(27,674)(16,656)Prepaid expenses485 299 Other assets(33)(1)Total changes in operating assets and liabilities, net$(29,360)$16,954 Supplemental disclosure of non-cash transactions:Capitalized stock-based compensation$1,498 $1,183 Asset retirement obligation capitalized53 214 Asset retirement obligation removed due to settlements(815)— Release of common stock held in reserve— 1,996 

2.SEGMENT INFORMATION

The Company's assets and operations consist of one reportable segment with all revenues, operating expenses and assets attributable to this segment reflected in the consolidated financial statements. The Company derives its revenue from the sale of natural gas, oil and condensate and NGL produced from its oil and natural gas properties located in the United States.The CODM of the Company is its Chief Executive Officer. The CODM assesses entity-wide operating results and performance and decides how to allocate resources based on net (loss) income, which is reported on the consolidated statement of operations.  The measure of segment assets is reported on the consolidated balance sheets as “total assets”.

9

The following table presents selected financial information with respect to the Company's one operating segment for the three months ended March 31, 2025 and 2024 (in thousands):Three Months Ended March 31, 2025Three Months Ended March 31, 2024Total revenues$197,034 $283,229 Significant segment expensesLease operating expenses20,283 16,808 Taxes other than income6,626 8,260 Transportation, gathering, processing and compression82,870 86,619 Depreciation, depletion, and amortization65,622 80,023 General and administrative9,001 9,198 Interest expense13,356 15,003 Other segment expenses(1)(84)430 Income tax (benefit) expense(176)14,853 Total significant segment expenses197,498 231