GULFPORT ENERGY CORPGPOR

GULFPORT ENERGY CORP Segments Disclosure

10-KFiled Feb 25, 20262 min read
SEGMENT INFORMATION
The Company's assets and operations consist of one 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, 2025Year Ended December 31, 2024Year 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 income29,908 29,737 33,717 
Transportation, gathering, processing and compression358,938 351,237 348,631 
Depreciation, depletion, and amortization 304,162 325,723 319,715 
Impairment of oil and gas properties— 373,214 — 
General and administrative42,488 42,558 38,600 
Interest expense54,277 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 expenses994,773 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.

Historical Timeline

Fiscal YearFiled
2025Feb 25, 2026Showing above
2024Feb 26, 2025

About Segments Disclosures

Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.

Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.

Other Available Disclosures

Income TaxesRevenueEarnings Per ShareFair ValuePP&ELeasesDebtCommitmentsStock CompensationNew Standards