Company: GPOR
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001628280-25-038172
Chunk: 8

Company: GULFPORT ENERGY CORP
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 2
Chunk 8
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Reimbursed from third parties(4,280)(3,705)16 %Capitalized general and administrative expenses(6,433)(6,329)2 %General and administrative expenses, net$10,926 $10,752 2 %General and administrative expenses, net per Mcfe$0.12 $0.11 6 %

The increase in general and administrative expenses for the three months ended June 30, 2025 compared to the three months ended June 30, 2024, was primarily driven by increases in employee compensation and legal expense related to the matters disclosed in Note 9 of our consolidated financial statements.

Interest Expense (in thousands, except per unit)

Three Months Ended June 30, 2025Three Months Ended June 30, 2024% ChangeInterest on 2026 Senior Notes$263 $11,000 (98)%Interest on 2029 Senior Notes10,969 — 100 %Interest expense on Credit Facility2,322 3,857 (40)%Amortization of loan costs1,313 949 38 %Capitalized interest(1,447)(1,241)17 %Other311 593 (48)%Total interest expense$13,731 $15,158 (9)%Interest expense per Mcfe$0.15 $0.16 (5)%

Due to the tender offer for the 2026 Senior Notes in the third quarter of 2024 and the redemption of the remaining balance in the second quarter of 2025, interest paid on the 2026 Senior Notes decreased 98% for the three months ended June 30, 2025 compared to the three months ended June 30, 2024. The Company also incurred $11.0 million of interest on the 2029 Senior Notes for the three months ended June 30, 2025. Interest expense on our Credit Facility decreased 40% for the three months ended June 30, 2025 compared to the three months ended June 30, 2024, as a result of a lower average interest rate and balance outstanding. Amortization of loan costs increased 38% for the three months ended June 30, 2025 compared to the three months ended June 30, 2024, as a result of the Fourth Amendment to the Credit Facility and the issuance of the 2029 Senior Notes. See Note 4 of our consolidated