Company: GPOR
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000874499-25-000006
Chunk: 49

Company: GULFPORT ENERGY CORP
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 49
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,803 (17,800)INCOME TAX EXPENSE (BENEFIT):Current(105)— Deferred31,515 (3,833)Total income tax expense (benefit)31,410 (3,833)NET INCOME (LOSS)$111,393 $(13,967)Dividends on preferred stock— (1,093)Deemed dividend on preferred stock(29,986)— Participating securities - preferred stock— — NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS$81,407 $(15,060)NET INCOME (LOSS) PER COMMON SHARE:Basic$4.49 $(0.83)Diluted$4.45 $(0.83)Weighted average common shares outstanding—Basic18,114 18,062 Weighted average common shares outstanding—Diluted18,290 18,062  

See accompanying notes to consolidated financial statements.

5

GULFPORT ENERGY CORPORATION

CONSOLIDATED STATEMENTS OF OPERATIONS

(In thousands) 

(Unaudited) 

Nine Months Ended September 30, 2025Nine Months Ended September 30, 2024REVENUES:Natural gas sales$759,543 $492,606 Oil and condensate sales110,208 70,295 Natural gas liquid sales98,287 80,870 Net gain on natural gas, oil and NGL derivatives56,357 74,487 Total revenues1,024,395 718,258 OPERATING EXPENSES:Lease operating expenses58,704 50,843 Taxes other than income22,107 22,111 Transportation, gathering, processing and compression265,768 263,048 Depreciation, depletion and amortization222,481 241,401 Impairment of oil and natural gas properties— 30,487 General and administrative expenses31,762 30,429 Accretion expense1,802 1,705 Total operating expenses602,624 640,024 INCOME FROM OPERATIONS421,771 78,234 OTHER EXPENSE:Interest expense40,677 46,027 Loss on debt extinguishment— 13,388 Other, net2,795 3,530 Total other expense43,472 62,945 INCOME BEFORE INCOME TAXES378,299 15,