GULFPORT ENERGY CORP

For the period ended Mar 31, 2024. Filed May 1, 2024.

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.

Mar 31, 2024 · Filed May 1, 2024

GPOR$150.00-3.3%Stored close · as of Nov 6, 2026

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Contents

Consolidated Statements of Operations

	Three Months Ended March 31, 2024	Three Months Ended March 31, 2023
REVENUES:
Natural gas sales	$188,286	$282,534
Oil and condensate sales	21,701	30,714
Natural gas liquid sales	28,106	39,912
Net gain on natural gas, oil and NGL derivatives	45,136	378,061
Total revenues	283,229	731,221
OPERATING EXPENSES:
Lease operating expenses	16,808	19,862
Taxes other than income	8,260	10,695
Transportation, gathering, processing and compression	86,619	87,617
Depreciation, depletion and amortization	80,023	79,094
General and administrative expenses	9,198	8,733
Restructuring costs	—	1,869
Accretion expense	555	764
Total operating expenses	201,463	208,634
INCOME FROM OPERATIONS	81,766	522,587
OTHER EXPENSE (INCOME):
Interest expense	15,003	13,756
Other, net	(125)	(14,223)
Total other expense (income)	14,878	(467)
INCOME BEFORE INCOME TAXES	66,888	523,054
INCOME TAX EXPENSE:
Current	—	—
Deferred	14,853	—
Total income tax expense	14,853	—
NET INCOME	$52,035	$523,054
Dividends on preferred stock	(1,105)	(1,307)
Participating securities - preferred stock	(7,532)	(86,221)
NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS	$43,398	$435,526
NET INCOME PER COMMON SHARE:
Basic	$2.39	$23.08
Diluted	$2.34	$22.90
Weighted average common shares outstanding—Basic	18,193	18,868
Weighted average common shares outstanding—Diluted	18,604	19,049

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.