Company: GPOR
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000874499-25-000006
Chunk: 79

Company: GULFPORT ENERGY CORP
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 79
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 Ended September 30, 2025Three Months Ended September 30, 2024Natural gas derivatives - fair value gains (losses)$33,868 $(57,168)Natural gas derivatives - settlement gains31,150 84,943 Total gains on natural gas derivatives65,018 27,775 Oil derivatives - fair value (losses) gains(2,674)6,698 Oil derivatives - settlement gains2,302 93 Total (losses) gains on oil and condensate derivatives(372)6,791 NGL derivatives - fair value gains1,858 3,559 NGL derivatives - settlement gains (losses)300 (159)Total gains on NGL derivatives2,158 3,400 Total gains on natural gas, oil and NGL derivatives$66,804 $37,966 Net gain (loss) on derivative instrumentsNine Months Ended September 30, 2025Nine Months Ended September 30, 2024Natural gas derivatives - fair value gains (losses)$9,113 $(168,516)Natural gas derivatives - settlement gains39,420 242,645 Total gains on natural gas derivatives48,533 74,129 Oil derivatives - fair value (losses) gains(365)4,832 Oil derivatives - settlement gains (losses)5,217 (166)Total gains on oil and condensate derivatives4,852 4,666 NGL derivatives - fair value gains (losses)4,307 (2,771)NGL derivatives - settlement losses(1,335)(1,537)Total gains (losses) on NGL derivatives2,972 (4,308)Total gains on natural gas, oil and NGL derivatives$56,357 $74,487 

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Offsetting of Derivative Assets and LiabilitiesAs noted above, the Company records the fair value of derivative instruments on a gross basis. The following tables present the gross amounts of recognized derivative assets and liabilities in the consolidated balance sheets and the amounts that are subject to offsetting under master netting arrangements with counterparties, all at fair value (in thousands):As of September 30, 2025Gross Assets (Liabilities) Presented in the Consolidated Balance SheetsGross Amounts Subject to Master Netting AgreementsNet AmountDerivative assets$60,934 $(51,468)$9,466 Derivative liabilities