GULFPORT ENERGY CORP
For the period ended Mar 31, 2025. Filed May 7, 2025.
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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, 2025 · Filed May 7, 2025
GPOR$150.00-3.3%Stored close · as of Nov 6, 2026
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Consolidated Statements of Operations
| Three Months Ended March 31, 2025 | Three Months Ended March 31, 2024 | |
|---|---|---|
| REVENUES: | ||
| Natural gas sales | $281,506 | $188,286 |
| Oil and condensate sales | 31,259 | 21,701 |
| Natural gas liquid sales | 30,817 | 28,106 |
| Net (loss) gain on natural gas, oil and NGL derivatives | (146,548) | 45,136 |
| Total revenues | 197,034 | 283,229 |
| OPERATING EXPENSES: | ||
| Lease operating expenses | 20,283 | 16,808 |
| Taxes other than income | 6,626 | 8,260 |
| Transportation, gathering, processing and compression | 82,870 | 86,619 |
| Depreciation, depletion and amortization | 65,622 | 80,023 |
| General and administrative expenses | 9,001 | 9,198 |
| Accretion expense | 618 | 555 |
| Total operating expenses | 185,020 | 201,463 |
| INCOME FROM OPERATIONS | 12,014 | 81,766 |
| OTHER EXPENSE (INCOME): | ||
| Interest expense | 13,356 | 15,003 |
| Other, net | (702) | (125) |
| Total other expense (income) | 12,654 | 14,878 |
| (LOSS) INCOME BEFORE INCOME TAXES | (640) | 66,888 |
| INCOME TAX (BENEFIT) EXPENSE: | ||
| Current | (169) | — |
| Deferred | (7) | 14,853 |
| Total income tax (benefit) expense | (176) | 14,853 |
| NET (LOSS) INCOME | $(464) | $52,035 |
| Dividends on preferred stock | (862) | (1,105) |
| Participating securities - preferred stock | — | (7,532) |
| NET (LOSS) INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS | $(1,326) | $43,398 |
| NET (LOSS) INCOME PER COMMON SHARE: | ||
| Basic | $(0.07) | $2.39 |
| Diluted | $(0.07) | $2.34 |
| Weighted average common shares outstanding—Basic | 17,881 | 18,193 |
| Weighted average common shares outstanding—Diluted | 17,881 | 18,604 |
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