Company: GPOR
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001628280-25-038172
Chunk: 49

Company: GULFPORT ENERGY CORP
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 49
---
 income— — — — — — 184,466 184,466 Conversion of preferred stock113 — — — — 1,531 — 1,531 Stock compensation— — — — — 4,870 — 4,870 Net cash payments on performance vesting restricted stock units— — — — — (12,297)— (12,297)Repurchase of common stock under Repurchase Program(348)— — — 1,692 (67,009)— (65,317)Issuance of common stock upon vesting of share-based awards39 — — — — — — — Common stock withheld for income taxes on share-based awards(12)— — — — (2,266)— (2,266)Dividends on preferred stock— — — — — (3)(804)(807)Balance at June 30, 202517,608 $2 — $— $(500)$1,509 $1,764,668 $1,765,679 

See accompanying notes to consolidated financial statements.

8

GULFPORT ENERGY CORPORATION

CONSOLIDATED STATEMENTS OF CASH FLOWS

(In thousands)

(Unaudited)

Six Months Ended June 30, 2025Six Months Ended June 30, 2024Cash flows from operating activities:Net income$184,002 $25,823 Adjustments to reconcile net income to net cash provided by operating activities:Depletion, depreciation and amortization139,265 158,576 Net loss (gain) on derivative instruments10,447 (36,522)Net cash receipts on settled derivative instruments9,550 156,065 Deferred income tax expense51,389 7,266 Stock-based compensation expense6,303 5,746 Other, net3,850 3,024 Changes in operating assets and liabilities, net3,877 (8,491)Net cash provided by operating activities408,683 311,487 Cash flows from investing activities:Additions to oil and natural gas properties(253,000)(244,851)Other, net(965)(1,647)Net cash used in investing activities(253,965)(246,498)Cash flows from financing activities:Principal payments on