Company: GPOR
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000874499-25-000006
Chunk: 54

Company: GULFPORT ENERGY CORP
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 54
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:Additions to oil and natural gas properties(382,899)(376,910)Proceeds from sale of oil and natural gas properties150 — Other, net(1,474)(2,141)Net cash used in investing activities(384,223)(379,051)Cash flows from financing activities:Principal payments on Credit Facility(994,000)(825,000)Borrowings on Credit Facility1,007,000 737,000 Issuance of 2029 Senior Notes— 650,000 Early retirement of 2026 Senior Notes(25,702)(524,298)Premium paid on 2026 Senior Notes— (12,941)Debt issuance costs and loan commitment fees— (14,820)Dividends on preferred stock(1,666)(3,293)Redemption of preferred stock(31,374)— Repurchase of common stock under Repurchase Program(153,023)(64,021)Repurchase of common stock under Repurchase Program - related party(15,000)(39,864)Net cash payments on performance vesting restricted stock units(12,297)— Shares exchanged for tax withholdings(5,576)(23,606)Other, net(6)— Net cash used in financing activities(231,644)(120,843)Net change in cash and cash equivalents1,894 1,291 Cash and cash equivalents at beginning of period1,473 1,929 Cash and cash equivalents at end of period$3,367 $3,220 

 See accompanying notes to consolidated financial statements.

9

GULFPORT ENERGY CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

1.SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Description of CompanyGulfport Energy Corporation (the "Company" or "Gulfport") is an independent natural gas-weighted exploration and production company focused on the exploration, acquisition and production of natural gas, crude oil and NGL in the United States with primary focus in the Appalachia and Anadarko basins. The Company's principal properties are located in eastern Ohio targeting the Utica and Marcellus and in central Oklahoma targeting the SCOOP Woodford and Springer formations.Basis of PresentationThe accompanying unaudited condensed consolidated financial statements of Gulfport were prepared in accordance with GAAP and the rules and regulations of the SEC.This Quarterly Report on Form 10-Q (this “Form