Company: GPOR
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001628280-25-022951
Chunk: 72

Company: GULFPORT ENERGY CORP
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 72
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.37 $30.79 Impact from settled derivatives ($/Bbl)$(1.53)$(1.25)Average price, including settled derivatives ($/Bbl)$32.84 $29.54 Natural gas, oil and condensate and NGL salesNatural gas equivalents (MMcfe)83,635 95,889 Natural gas equivalents (MMcfe) per day929 1,054 Total sales$343,582 $238,093 Average price without the impact of derivatives ($/Mcfe)$4.11 $2.48 Impact from settled derivatives ($/Mcfe)$(0.12)$0.68 Average price, including settled derivatives ($/Mcfe)$3.99 $3.16 Production Costs:Average lease operating expenses ($/Mcfe)$0.24 $0.18 Average taxes other than income ($/Mcfe)$0.08 $0.09 Average transportation, gathering, processing and compression ($/Mcfe)$0.99 $0.90 Total lease operating expenses, taxes other than income and midstream costs ($/Mcfe)$1.31 $1.16 

29

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

Three Months Ended March 31, 2025Three Months Ended March 31, 2024% ChangeNatural gas$281,506 $188,286 50 %Oil and condensate31,259 21,701 44 %NGL30,817 28,106 10 %Natural gas, oil and condensate and NGL sales$343,582 $238,093 44 %

The increase in natural gas sales without the impact of derivatives when comparing the three months ended March 31, 2025, to the three months ended March 31, 2024 was due to a 76% increase in realized natural gas prices, partially offset by a 15% decrease in sales volumes. The realized price change was primarily driven by the increase in the average Henry Hub gas index from $2.24 per Mcf in the three months ended March 31, 2024, to $3.65 per Mcf during the three months ended March 31, 2025. The 15% decrease in natural gas production was primarily due to natural declines partially offset by our 2024 and 2025 development programs.