GULFPORT ENERGY CORP
For the period ended Dec 31, 2025. Filed Feb 25, 2026.
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FY2025 · Filed Feb 25, 2026
Contents
2. Segment Information
- SEGMENT INFORMATION
The Company's assets and operations consist ofone reportable segment with all revenues, operating expenses and assets attributable to this segment reflected in the consolidated financial statements. The Company derives its revenue from the sale of natural gas, oil and condensate and NGL produced from its oil and natural gas properties located in the United States.
The CODM of the Company is its Chief Executive Officer. The CODM assesses entity-wide operating results and performance and decides how to allocate resources based on net income (loss), which is reported on the consolidated statement of operations.
The measure of segment assets is reported on the consolidated balance sheets as “total assets”.
The following table presents selected financial information with respect to the Company's one operating segment for the years ended December 31, 2025, 2024 and 2023 (in thousands):
| Year Ended December 31, 2025 | Year Ended December 31, 2024 | Year Ended December 31, 2023 | |
|---|---|---|---|
| Total revenues | $1,422,583 | $958,131 | $1,791,702 |
| Significant segment expenses: | |||
| Lease operating expenses | 84,242 | 70,112 | 68,648 |
| Taxes other than income | 29,908 | 29,737 | 33,717 |
| Transportation, gathering, processing and compression | 358,938 | 351,237 | 348,631 |
| Depreciation, depletion, and amortization | 304,162 | 325,723 | 319,715 |
| Impairment of oil and gas properties | — | 373,214 | — |
| General and administrative | 42,488 | 42,558 | 38,600 |
| Interest expense | 54,277 | 59,982 | 57,069 |
| Other segment expenses(1) | 5,263 | 23,031 | (20,438) |
| Income tax expense (benefit) | 115,495 | (56,077) | (525,156) |
| Total significant segment expenses | 994,773 | 1,219,517 | 320,786 |
| Net income (loss) | $427,810 | $(261,386) | $1,470,916 |
| Capital expenditures(2) | $565,273 | $464,492 | $521,187 |
(1) Other segment expenses include “Restructuring costs”, “Accretion expense”, “Loss on debt extinguishment” and “Other, net” from the consolidated statements of operations.
(2) Capital expenditures include capitalized general and administrative costs and capitalized interest expense.
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