Company: GPOR
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000874499-25-000006
Chunk: 118

Company: GULFPORT ENERGY CORP
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 8
Chunk 118
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 debt issuance costs$— $447 

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 income (loss), which is reported on the consolidated statement of operations.  The measure of segment assets is reported on the consolidated balance sheets as “total assets”.

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The following tables present selected financial information with respect to the Company's one operating segment for the three and nine months ended September 30, 2025 and 2024 (in thousands):Three Months Ended September 30, 2025Three Months Ended September 30, 2024Total revenues$379,745 $253,912 Significant segment expensesLease operating expenses20,793 18,218 Taxes other than income7,925 6,833 Transportation, gathering, processing and compression96,390 89,900 Depreciation, depletion, and amortization83,216 82,825 Impairment of oil and natural gas properties — 30,487 General and administrative11,835 10,479 Interest expense13,590 15,866 Loss on debt extinguishment— 13,388 Other segment expenses(1)3,193 3,716 Income tax expense (benefit)31,410 (3,833)Total significant segment expenses268,352 267,879 Net income (loss)$111,393 $(13,967)Capital expenditures(2)$106,072 $110,756 _____________________(1)    Other segment expenses include “Accretion expense” and “Other, net” from the consolidated statements of operations.(2)    Capital expenditures include capitalized general and administrative costs and capitalized interest expense.Nine Months Ended September 30, 2025Nine Months Ended September 30, 2024Total revenues$1,024,395 $718,258 Significant segment expensesLease operating expenses58,704 50,843 Taxes other than income22,107 22,111 Transportation, gathering, processing and