GULFPORT ENERGY CORP

For the period ended Sep 30, 2025. Filed Nov 5, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2025 · Filed Nov 5, 2025

GPOR$155.50+3.7%Stored close · as of Nov 9, 2026

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Contents

Consolidated Statements of Operations

	Three Months Ended September 30, 2025	Three Months Ended September 30, 2024
REVENUES:
Natural gas sales	$236,801	$159,862
Oil and condensate sales	37,406	29,467
Natural gas liquid sales	38,734	26,617
Net gain on natural gas, oil and NGL derivatives	66,804	37,966
Total revenues	379,745	253,912
OPERATING EXPENSES:
Lease operating expenses	20,793	18,218
Taxes other than income	7,925	6,833
Transportation, gathering, processing and compression	96,390	89,900
Depreciation, depletion and amortization	83,216	82,825
Impairment of oil and natural gas properties	—	30,487
General and administrative expenses	11,835	10,479
Accretion expense	597	583
Total operating expenses	220,756	239,325
INCOME FROM OPERATIONS	158,989	14,587
OTHER EXPENSE:
Interest expense	13,590	15,866
Loss on debt extinguishment	—	13,388
Other, net	2,596	3,133
Total other expense	16,186	32,387
INCOME (LOSS) BEFORE INCOME TAXES	142,803	(17,800)
INCOME TAX EXPENSE (BENEFIT):
Current	(105)	—
Deferred	31,515	(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—Basic	18,114	18,062
Weighted average common shares outstanding—Diluted	18,290	18,062

CONSOLIDATED STATEMENTS OF OPERATIONS

	Nine Months Ended September 30, 2025	Nine Months Ended September 30, 2024
REVENUES:
Natural gas sales	$759,543	$492,606
Oil and condensate sales	110,208	70,295
Natural gas liquid sales	98,287	80,870
Net gain on natural gas, oil and NGL derivatives	56,357	74,487
Total revenues	1,024,395	718,258
OPERATING EXPENSES:
Lease operating expenses	58,704	50,843
Taxes other than income	22,107	22,111
Transportation, gathering, processing and compression	265,768	263,048
Depreciation, depletion and amortization	222,481	241,401
Impairment of oil and natural gas properties	—	30,487
General and administrative expenses	31,762	30,429
Accretion expense	1,802	1,705
Total operating expenses	602,624	640,024
INCOME FROM OPERATIONS	421,771	78,234
OTHER EXPENSE:
Interest expense	40,677	46,027
Loss on debt extinguishment	—	13,388
Other, net	2,795	3,530
Total other expense	43,472	62,945
INCOME BEFORE INCOME TAXES	378,299	15,289
INCOME TAX EXPENSE:
Current	—	—
Deferred	82,904	3,433
Total income tax expense	82,904	3,433
NET INCOME	$295,395	$11,856
Dividends on preferred stock	(1,666)	(3,293)
Deemed dividend on preferred stock	(29,986)	—
Participating securities - preferred stock	—	(1,259)
NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS	$263,743	$7,304
NET INCOME PER COMMON SHARE:
Basic	$14.73	$0.40
Diluted	$14.57	$0.40
Weighted average common shares outstanding—Basic	17,901	18,133
Weighted average common shares outstanding—Diluted	18,102	18,463

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.