Gulfport Energy | 10-Q: FY2025 Q3 Revenue: USD 379.75 M

Revenue: As of FY2025 Q3, the actual value is USD 379.75 M.

EPS: As of FY2025 Q3, the actual value is USD 4.45.

EBIT: As of FY2025 Q3, the actual value is USD 172.58 M.

Natural Gas Sales: $236.8 million for the three months ended September 30, 2025, compared to $159.9 million for the same period in 2024.
Oil and Condensate Sales: $37.4 million for the three months ended September 30, 2025, compared to $29.5 million for the same period in 2024.
Natural Gas Liquid Sales: $38.7 million for the three months ended September 30, 2025, compared to $26.6 million for the same period in 2024.
Total Revenues: $379.7 million for the three months ended September 30, 2025, compared to $253.9 million for the same period in 2024.

Net Income: $111.4 million for the three months ended September 30, 2025, compared to a net loss of $14.0 million for the same period in 2024.
Lease Operating Expenses: $20.8 million for the three months ended September 30, 2025, compared to $18.2 million for the same period in 2024.
Taxes Other Than Income: $7.9 million for the three months ended September 30, 2025, compared to $6.8 million for the same period in 2024.
Transportation, Gathering, Processing, and Compression: $96.4 million for the three months ended September 30, 2025, compared to $89.9 million for the same period in 2024.
Depreciation, Depletion, and Amortization: $83.2 million for the three months ended September 30, 2025, compared to $82.8 million for the same period in 2024.
General and Administrative Expenses: $11.8 million for the three months ended September 30, 2025, compared to $10.5 million for the same period in 2024.
Interest Expense: $13.6 million for the three months ended September 30, 2025, compared to $15.9 million for the same period in 2024.

Net Cash Provided by Operating Activities: $617.8 million for the nine months ended September 30, 2025, compared to $501.2 million for the same period in 2024.
Additions to Oil and Natural Gas Properties: $382.9 million for the nine months ended September 30, 2025, compared to $376.9 million for the same period in 2024.
Debt Activity, Net: - $12.7 million for the nine months ended September 30, 2025, compared to $24.8 million for the same period in 2024.
Repurchases of Common Stock: - $168.0 million for the nine months ended September 30, 2025, compared to - $103.9 million for the same period in 2024.
Redemption of Preferred Stock: - $31.4 million for the nine months ended September 30, 2025.

Production Volumes: Total net production averaged approximately 1,119.7 MMcfe per day during the three months ended September 30, 2025, compared to 1,057.2 MMcfe per day during the same period in 2024.
Capital Expenditures: $387.0 million related to operated activities for the nine months ended September 30, 2025.

Core Business Focus: Gulfport Energy Corporation plans to maintain sufficient liquidity to ensure financial flexibility, withstand commodity price volatility, fund development projects, operations, and capital expenditures, and return capital to shareholders. The company expects to generate sustainable cash flow and improve margins and operating efficiencies.
Non-Core Business: The company is pursuing accretive acreage opportunities that expand its resource footprint and provide optionality to its near-term development plans, with an intention to allocate approximately $75.0 million to $100.0 million in discretionary acreage acquisitions for 2025 and early 2026.
Priority: The company plans to invest an incremental $30.0 million toward discretionary appraisal projects during 2025, including drilled but uncompleted and recompletion activity and the first U-development in the Utica. Additionally, an incremental $35.0 million will be invested toward discretionary development activity to mitigate upcoming production downtime due to offset operator simultaneous operations and planned midstream maintenance downtime in early 2026.