Company: GPOR
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001628280-25-038172
Chunk: 13

Company: GULFPORT ENERGY CORP
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 2
Chunk 13
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 processing and compression$169,378 $173,148 (2)%Transportation, gathering, processing and compression per Mcfe$0.97 $0.90 7 %

 Transportation, gathering, processing and compression for the six months ended June 30, 2025 compared to the six months ended June 30, 2024 increased on a per unit basis primarily as a result of an increase in the proportion of natural gas liquids and oil and condensate sales and an 8% decrease in total production volumes as noted above. 

Depreciation, Depletion and Amortization (in thousands, except per unit)

Six Months Ended June 30, 2025Six Months Ended June 30, 2024% ChangeDepreciation, depletion and amortization of oil and gas properties$138,213 $157,911 (12)%Depreciation, depletion and amortization of other property and equipment1,052 665 58 %Total depreciation, depletion and amortization$139,265 $158,576 (12)%Depreciation, depletion and amortization per Mcfe$0.79 $0.83 (4)%

The total and per unit depreciation, depletion and amortization of our oil and gas properties for the six months ended June 30, 2025 compared to the six months ended June 30, 2024, decreased primarily due to a lower depletion rate resulting from a decline in our amortization base from the full cost ceiling test impairments recorded during 2024, combined with a decrease in our production as noted above.

43

General and Administrative Expenses (in thousands, except per unit)

Six Months Ended June 30, 2025Six Months Ended June 30, 2024% ChangeGeneral and administrative expenses, gross$40,838 $39,228 4 %Reimbursed from third parties(8,246)(7,243)14 %Capitalized general and administrative expenses(12,665)(12,035)5 %General and administrative expenses, net$19,927 $19,950 — %General and administrative expenses, net per Mcfe$0.11 $0.10 9 %

The increase in general and administrative expenses for the six months ended June 30, 2025 compared to the six months ended June 30, 2024, was primarily driven by increases in employee compensation and legal expense related to the matters