Company: GPOR
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001628280-25-038172
Chunk: 86

Company: GULFPORT ENERGY CORP
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 86
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/Bbl)$27.91 $28.18 Impact from settled derivatives ($/Bbl)$(0.26)$(0.25)Average price, including settled derivatives ($/Bbl)$27.65 $27.93 Natural gas, oil and condensate and NGL salesNatural gas equivalents (MMcfe)91,573 95,562 Natural gas equivalents (MMcfe) per day1,006 1,050 Total sales$311,515 $189,732 Average price without the impact of derivatives ($/Mcfe)$3.40 $1.99 Impact from settled derivatives ($/Mcfe)$0.21 $0.94 Average price, including settled derivatives ($/Mcfe)$3.61 $2.93 Production Costs:Average lease operating expenses ($/Mcfe)$0.19 $0.17 Average taxes other than income ($/Mcfe)$0.08 $0.07 Average transportation, gathering, processing and compression ($/Mcfe)$0.94 $0.91 Total lease operating expenses, taxes other than income and midstream costs ($/Mcfe)$1.22 $1.14 

36

Natural Gas, Oil and Condensate and NGL Sales (in thousands)

Three Months Ended June 30, 2025Three Months Ended June 30, 2024% ChangeNatural gas$241,236 $144,458 67 %Oil and condensate41,543 19,127 117 %NGL28,736 26,147 10 %Natural gas, oil and condensate and NGL sales$311,515 $189,732 64 %

The increase in natural gas sales without the impact of derivatives, when comparing the three months ended June 30, 2025 to the three months ended June 30, 2024 was due to a 82% increase in realized prices, partially offset by a 8% decrease in sales volumes. The realized price change was primarily driven by the increase in the average Henry Hub gas index from $1.89 per Mcf in the three months ended June 30, 2024, to $3.44 per Mcf during the three months ended June 30, 2025. The 8% decrease in natural gas production was primarily due to natural declines partially offset by our 2024 and