Company: GPOR
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001628280-25-022951
Chunk: 39

Company: GULFPORT ENERGY CORP
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 39
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1,898,878 $2,187,330 

Common StockCommon Stock Held in ReserveTreasury StockPaid-inCapitalRetained EarningsTotal Stockholders’EquitySharesAmountSharesAmountBalance at January 1, 202517,798 $2 — $— $— $129,059 $1,582,332 $1,711,393 Net loss— — — — — — (464)(464)Conversion of preferred stock324 — — — — 4,461 — 4,461 Stock compensation— — — — — 4,538 — 4,538 Repurchase of common stock under Repurchase Program(329)— — — (2,192)(58,409)— (60,601)Issuance of common stock upon vesting of share-based awards40 — — — — — — — Common stock withheld for income taxes on share-based awards(17)(2,962)(2,962)Dividends on preferred stock— — — — — (4)(862)(866)Balance at March 31, 202517,816 $2 — $— $(2,192)$76,683 $1,581,006 $1,655,499 

 See accompanying notes to consolidated financial statements.

6

GULFPORT ENERGY CORPORATION

CONSOLIDATED STATEMENTS OF CASH FLOWS

(In thousands)

(Unaudited)

Three Months Ended March 31, 2025Three Months Ended March 31, 2024Cash flows from operating activities:Net (loss) income$(464)$52,035 Adjustments to reconcile net (loss) income to net cash provided by operating activities:Depletion, depreciation and amortization65,622 80,023 Net loss (gain) on derivative instruments146,548 (45,136)Net cash (payments) receipts on settled derivative instruments(9,890)65,322 Deferred income tax (benefit) expense(7)14,853 Stock-based compensation expense3,040 2,403 Other, net1,791 1,568 Changes in operating assets and liabilities, net(29,360)16,954 Net cash provided by operating activities177,280 188,022 Cash flows from