GULFPORT ENERGY CORP

For the period ended Jun 30, 2025. Filed Aug 6, 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.

Jun 30, 2025 · Filed Aug 6, 2025

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

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Contents

Consolidated Statements of Operations

	Three Months Ended June 30, 2025	Three Months Ended June 30, 2024
REVENUES:
Natural gas sales	$241,236	$144,458
Oil and condensate sales	41,543	19,127
Natural gas liquid sales	28,736	26,147
Net gain (loss) on natural gas, oil and NGL derivatives	136,101	(8,615)
Total revenues	447,616	181,117
OPERATING EXPENSES:
Lease operating expenses	17,628	15,817
Taxes other than income	7,556	7,018
Transportation, gathering, processing and compression	86,508	86,529
Depreciation, depletion and amortization	73,643	78,553
General and administrative expenses	10,926	10,752
Accretion expense	587	567
Total operating expenses	196,848	199,236
INCOME (LOSS) FROM OPERATIONS	250,768	(18,119)
OTHER EXPENSE:
Interest expense	13,731	15,158
Other, net	901	522
Total other expense	14,632	15,680
INCOME (LOSS) BEFORE INCOME TAXES	236,136	(33,799)
INCOME TAX EXPENSE (BENEFIT):
Current	274	—
Deferred	51,396	(7,587)
Total income tax expense (benefit)	51,670	(7,587)
NET INCOME (LOSS)	$184,466	$(26,212)
Dividends on preferred stock	(804)	(1,095)
Participating securities - preferred stock	(20,622)	—
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS	$163,040	$(27,307)
NET INCOME (LOSS) PER COMMON SHARE:
Basic	$9.21	$(1.51)
Diluted	$9.12	$(1.51)
Weighted average common shares outstanding—Basic	17,707	18,144
Weighted average common shares outstanding—Diluted	17,907	18,144

CONSOLIDATED STATEMENTS OF OPERATIONS

	Six Months Ended June 30, 2025	Six Months Ended June 30, 2024
REVENUES:
Natural gas sales	$522,742	$332,744
Oil and condensate sales	72,802	40,828
Natural gas liquid sales	59,553	54,253
Net (loss) gain on natural gas, oil and NGL derivatives	(10,447)	36,521
Total revenues	644,650	464,346
OPERATING EXPENSES:
Lease operating expenses	37,911	32,625
Taxes other than income	14,182	15,278
Transportation, gathering, processing and compression	169,378	173,148
Depreciation, depletion and amortization	139,265	158,576
General and administrative expenses	19,927	19,950
Accretion expense	1,205	1,122
Total operating expenses	381,868	400,699
INCOME FROM OPERATIONS	262,782	63,647
OTHER EXPENSE:
Interest expense	27,087	30,161
Other, net	199	397
Total other expense	27,286	30,558
INCOME BEFORE INCOME TAXES	235,496	33,089
INCOME TAX EXPENSE:
Current	105	—
Deferred	51,389	7,266
Total income tax expense	51,494	7,266
NET INCOME	$184,002	$25,823
Dividends on preferred stock	(1,666)	(2,200)
Participating securities - preferred stock	(20,385)	(3,469)
NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS	$161,951	$20,154
NET INCOME PER COMMON SHARE:
Basic	$9.10	$1.11
Diluted	$9.01	$1.09
Weighted average common shares outstanding—Basic	17,793	18,169
Weighted average common shares outstanding—Diluted	18,009	18,573

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.