Company: GPOR
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001628280-25-022951
Chunk: 36

Company: GULFPORT ENERGY CORP
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 36
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Table of Contents

GULFPORT ENERGY CORPORATION

CONSOLIDATED BALANCE SHEETS

(In thousands)

(Unaudited)March 31, 2025December 31, 2024AssetsCurrent assets:Cash and cash equivalents$5,342 $1,473 Accounts receivable—oil, natural gas, and natural gas liquids sales158,060 155,942 Accounts receivable—joint interest and other8,747 8,727 Prepaid expenses and other current assets8,994 7,086 Short-term derivative instruments24,151 58,085 Total current assets205,294 231,313 Property and equipment:Oil and natural gas properties, full-cost methodProved oil and natural gas properties3,524,497 3,349,805 Unproved properties215,154 221,650 Other property and equipment11,834 11,291 Total property and equipment3,751,485 3,582,746 Less: accumulated depletion, depreciation and amortization(1,630,039)(1,564,475)Total property and equipment, net2,121,446 2,018,271 Other assets:Long-term derivative instruments17,296 6,003 Deferred tax asset581,240 581,233 Operating lease assets1,150 6,099 Other assets21,159 22,778 Total other assets620,845 616,113 Total assets$2,947,585 $2,865,697 Liabilities, Mezzanine Equity and Stockholders’ EquityCurrent liabilities:Accounts payable and accrued liabilities$334,353 $298,081 Short-term derivative instruments142,393 41,889 Current portion of operating lease liabilities792 5,538 Total current liabilities477,538 345,508 Non-current liabilities:Long-term derivative instruments48,595 35,081 Asset retirement obligation32,354 32,949 Non-current operating lease liabilities358 561 Long-term debt700,354 702,857 Total non-current liabilities781,661 771,448 Total liabilities$1,259,199 $1,116,956 Commitments and contingencies (Note 9)Mezzanine equity:Preferred stock - $0.0001 par value, 110.0 thousand shares authorized, 32.9 thousand issued and outstanding at March 31, 202