Company: GPOR
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001628280-25-038172
Chunk: 12

Company: GULFPORT ENERGY CORP
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 2
Chunk 12
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 during each period, as well as the relationship between contract prices and the associated forward curves. The significant change in the total (loss) gain for the six months ended June 30, 2025 compared to the six months ended June 30, 2024, was primarily the result of changes in futures pricing for oil, natural gas, and NGLs during each period. See Note 10 of our consolidated financial statements for hedged volumes and pricing.

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Lease Operating Expenses (in thousands, except per unit)

Six Months Ended June 30, 2025Six Months Ended June 30, 2024% ChangeLease operating expensesUtica & Marcellus$26,013 $21,480 21 %SCOOP11,898 11,145 7 %Total lease operating expenses$37,911 $32,625 16 %Lease operating expenses per McfeUtica & Marcellus$0.19 $0.14 36 %SCOOP0.33 0.28 18 %Total lease operating expenses per Mcfe$0.22 $0.17 27 %

The increase in our total and per unit LOE for the six months ended June 30, 2025 compared to the six months ended June 30, 2024, was primarily the result of an increase in water hauling, labor and costs associated with weather operations. 

Taxes Other Than Income (in thousands, except per unit)

Six Months Ended June 30, 2025Six Months Ended June 30, 2024% ChangeProduction taxes$10,753 $9,708 11 %Property taxes1,982 4,529 (56)%Other1,447 1,041 39 %Total taxes other than income$14,182 $15,278 (7)%Total taxes other than income per Mcfe$0.08 $0.08 1 %

The decrease in total taxes other than income for the six months ended June 30, 2025 compared to the six months ended June 30, 2024, was primarily related to a decrease in property taxes partially offset by increased production taxes resulting from the increase in revenues noted above.

Transportation, Gathering, Processing and Compression (in thousands, except per unit)

Six Months Ended June 30, 2025Six Months Ended June 30, 2024% ChangeTransportation, gathering,