GULFPORT ENERGY CORP
For the period ended Sep 30, 2024. Filed Nov 6, 2024.
View on SEC.govAbout 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, 2024 · Filed Nov 6, 2024
GPOR$155.50+3.7%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Cash Flows
| Nine Months Ended September 30, 2024 | Nine Months Ended September 30, 2023 | |
|---|---|---|
| Cash flows from operating activities: | ||
| Net income | $11,856 | $1,225,185 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depletion, depreciation and amortization | 241,401 | 238,747 |
| Impairment of oil and natural gas properties | 30,487 | — |
| Loss on debt extinguishment | 13,388 | — |
| Net gain on derivative instruments | (74,487) | (514,266) |
| Net cash receipts on settled derivative instruments | 240,941 | 101,947 |
| Deferred income tax expense (benefit) | 3,433 | (554,741) |
| Stock-based compensation expense | 8,410 | 7,403 |
| Other, net | 4,509 | 5,867 |
| Changes in operating assets and liabilities, net | 21,247 | 57,538 |
| Net cash provided by operating activities | 501,185 | 567,680 |
| Cash flows from investing activities: | ||
| Additions to oil and natural gas properties | (376,910) | (421,132) |
| Proceeds from sale of oil and natural gas properties | — | 2,647 |
| Other, net | (2,141) | (1,496) |
| Net cash used in investing activities | (379,051) | (419,981) |
| Cash flows from financing activities: | ||
| Principal payments on Credit Facility | (825,000) | (748,000) |
| Borrowings on Credit Facility | 737,000 | 698,000 |
| Issuance of 2029 Senior Notes | 650,000 | — |
| Early retirement of 2026 Senior Notes | (524,298) | — |
| Premium paid on 2026 Senior Notes | (12,941) | — |
| Debt issuance costs and loan commitment fees | (14,820) | (6,965) |
| Dividends on preferred stock | (3,293) | (3,718) |
| Repurchase of common stock under Repurchase Program | (64,021) | (62,326) |
| Repurchase of common stock under Repurchase Program - related party | (39,864) | (20,431) |
| Shares exchanged for tax withholdings | (23,606) | (3,191) |
| Other | — | (2) |
| Net cash used in financing activities | (120,843) | (146,633) |
| Net change in cash and cash equivalents | 1,291 | 1,066 |
| Cash and cash equivalents at beginning of period | 1,929 | 7,259 |
| Cash and cash equivalents at end of period | $3,220 | $8,325 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.