Company: GPOR
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001628280-25-038172
Chunk: 73

Company: GULFPORT ENERGY CORP
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 73
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081)Total commodity derivative position$(32,880)$(12,882)

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Gains and LossesThe following tables present the gain and loss recognized in net gain (loss) on natural gas, oil and NGL derivatives in the accompanying consolidated statements of operations for the three and six months ended June 30, 2025 and 2024 (in thousands):Net gain (loss) on derivative instrumentsThree Months Ended June 30, 2025Three Months Ended June 30, 2024Natural gas derivatives - fair value gains (losses)$108,909 $(99,871)Natural gas derivatives - settlement gains17,295 91,251 Total gains (losses) on natural gas derivatives126,204 (8,620)Oil derivatives - fair value gains2,315 595 Oil derivatives - settlement gains (losses)2,411 (271)Total gains on oil and condensate derivatives4,726 324 NGL derivatives - fair value gains (losses)5,437 (82)NGL derivatives - settlement losses(266)(237)Total gains (losses) on NGL derivatives5,171 (319)Total gains (losses) on natural gas, oil and NGL derivatives$136,101 $(8,615)Net gain (loss) on derivative instrumentsSix Months Ended June 30, 2025Six Months Ended June 30, 2024Natural gas derivatives - fair value losses$(24,755)$(111,349)Natural gas derivatives - settlement gains8,270 157,702 Total (losses) gains on natural gas derivatives(16,485)46,353 Oil derivatives - fair value gains (losses)2,309 (1,865)Oil derivatives - settlement gains (losses)2,915 (259)Total gains (losses) on oil and condensate derivatives5,224 (2,124)NGL derivatives - fair value gains (losses)2,449 (6,330)NGL derivatives - settlement losses(1,635)(1,378)Total gains (losses) on NGL derivatives814 (7,708)Total (losses) gains on natural gas, oil and NGL derivatives$(10,447)$36,521 

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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.