Gulfport Energy Corporation (the “Company” or “Gulfport”) is an independent natural gas-weighted exploration and production company focused on the exploration, acquisition and production of natural gas, crude oil and NGL in the United States with primary focus in the Appalachia and Anadarko basins. The Company's principal properties are located in eastern Ohio targeting the Utica and Marcellus and in central Oklahoma targeting the SCOOP Woodford and Springer formations.

This Quarterly Report on Form 10-Q (this “Form 10-Q”) relates to the financial position as of June 30, 2026, the results of operations for the three and six months ended June 30, 2026 and 2025 and the cash flows for the six months ended June 30, 2026 and 2025. The Company's 2025 Form 10-K should be read in conjunction with this Form 10-Q. The accompanying unaudited consolidated financial statements reflect all normal recurring adjustments which, in the opinion of management, are necessary for a fair statement of our condensed consolidated financial statements and accompanying notes and include the accounts of our wholly-owned subsidiaries. Intercompany accounts and balances have been eliminated. The accompanying consolidated financial statements have been prepared assuming the Company will continue as a going concern.

In November 2024, the FASB issued ASU 2024-03, Disaggregation of Income Statement Expenses, which requires disclosures about specific types of expenses included in the expense captions presented on the face of the income statement as well as disclosures about selling expenses. ASU 2024-03 is effective for annual reporting periods beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027. The requirements will be applied prospectively with the option for retrospective application. The Company is currently evaluating the impact that the adoption of this accounting standard will have on its financial disclosures.

Certain reclassifications have been made to prior period financial statements and related disclosures to conform to current period presentation. These reclassifications have no impact on previously reported total assets, total liabilities, net income or total operating cash flows.


	June 30, 2026		December 31, 2025
Revenue payable and suspense	$	139,691	$	157,532
Accounts payable	65,061		53,107
Accrued capital expenditures	73,892		30,873
Accrued transportation, gathering, processing and compression	38,247		38,544
Other accrued liabilities	50,130		62,326
Total accounts payable and accrued liabilities	$	367,021	$	342,382


	Six Months Ended June 30, 2026		Six Months Ended June 30, 2025
Supplemental disclosure of cash flow information:
Interest payments, net of amounts capitalized	$	28,695	$	23,191
Income taxes paid	$	795	$	2,400
Changes in operating assets and liabilities, net:
Accounts receivable - oil, natural gas, and natural gas liquid sales	$	70,273	$	27,328
Accounts receivable - joint interest and other	(4,361)		(3,021)
Accounts payable and accrued liabilities	(31,204)		(17,329)
Prepaid expenses	(1,033)		(3,060)
Other assets	(31)		(41)
Total changes in operating assets and liabilities, net	$	33,644	$	3,877
Supplemental disclosure of non-cash transactions:
Capitalized stock-based compensation	$	1,422	$	3,105
Asset retirement obligation capitalized	372		222
Asset retirement obligation removed due to settlements	(74)		(1,030)