Company: GPOR
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001628280-25-022951
Chunk: 89

Company: GULFPORT ENERGY CORP
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 8
Chunk 89
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 well as disclosures about selling expenses. ASU 2024-03 is effective for annual reporting periods beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027. The requirements will be applied prospectively with the option for retrospective application. The Company is currently evaluating the impact that the adoption of this accounting standard will have on its financial disclosures.ReclassificationCertain reclassifications have been made to prior period financial statements and related disclosures to conform to current period presentation. These reclassifications have no impact on previous reported total assets, total liabilities, net income or total operating cash flows.

8

Table of Contents

Accounts Payable and Accrued LiabilitiesAccounts payable and accrued liabilities consisted of the following at March 31, 2025 and December 31, 2024 (in thousands):March 31, 2025December 31, 2024Revenue payable and suspense$146,332 $139,703 Accounts payable52,596 34,668 Accrued capital expenditures59,544 20,229 Accrued transportation, gathering, processing and compression33,676 36,170 Other accrued liabilities42,205 67,311 Total accounts payable and accrued liabilities$334,353 $298,081 Supplemental Cash Flow and Non-Cash Information (in thousands)Three Months Ended March 31, 2025Three Months Ended March 31, 2024Supplemental disclosure of cash flow information:Interest payments, net of amounts capitalized$21,059 $3,124 Changes in operating assets and liabilities, net:Accounts receivable - oil, natural gas and natural gas liquid sales$(2,118)$37,457 Accounts receivable - joint interest and other(20)(4,145)Accounts payable and accrued liabilities(27,674)(16,656)Prepaid expenses485 299 Other assets(33)(1)Total changes in operating assets and liabilities, net$(29,360)$16,954 Supplemental disclosure of non-cash transactions:Capitalized stock-based compensation$1,498 $1,183 Asset retirement obligation capitalized53 214 Asset retirement obligation removed due to settlements(815)— 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