Company: GPOR
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001628280-25-038172
Chunk: 52

Company: GULFPORT ENERGY CORP
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 52
---
 liabilities, net:Accounts receivable - oil, natural gas, and natural gas liquid sales$27,328 $28,133 Accounts receivable - joint interest and other(3,021)1,011 Accounts payable and accrued liabilities(17,329)(37,017)Prepaid expenses(3,060)(649)Other assets(41)31 Total changes in operating assets and liabilities, net$3,877 $(8,491)Supplemental disclosure of non-cash transactions:Capitalized stock-based compensation$3,105 $2,830 Asset retirement obligation capitalized222 375 Asset retirement obligation removed due to settlements(1,030)— Release of common stock held in reserve— 1,996 

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”.

11

The following tables present selected financial information with respect to the Company's one operating segment for the three and six months ended June 30, 2025 and 2024 (in thousands):Three Months Ended June 30, 2025Three Months Ended June 30, 2024Total revenues$447,616 $181,117 Significant segment expensesLease operating expenses17,628 15,817 Taxes other than income7,556 7,018 Transportation, gathering, processing and compression86,508 86,529 Depreciation, depletion, and amortization73,643 78,553 General and administrative10,926 10,752 Interest expense13,731 15,158 Other segment expenses(1)1,488 1,089 Income tax expense (benefit)51,670 (7,587)Total significant segment expenses263,150 207,329 Net income (loss)$184,466 $(26,212)Capital expenditures(2)$139,543 $149,