CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
REVENUES:
Net gain on natural gas, oil and NGL derivatives	$ 99,056,000	$ 29,527,000	$ 740,319,000
Total revenues	1,422,583,000	958,131,000	1,791,702,000
OPERATING EXPENSES:
Lease operating expenses	84,242,000	70,112,000	68,648,000
Taxes other than income	29,908,000	29,737,000	33,717,000
Transportation, gathering, processing and compression	358,938,000	351,237,000	348,631,000
Depreciation, depletion and amortization	304,162,000	325,723,000	319,715,000
Impairment of oil and natural gas properties	0	373,214,000	0
General and administrative expenses	42,488,000	42,558,000	38,600,000
Restructuring costs	0	0	4,762,000
Accretion expense	2,421,000	2,307,000	2,782,000
Total operating expenses	822,159,000	1,194,888,000	816,855,000
INCOME (LOSS) FROM OPERATIONS	600,424,000	(236,757,000)	974,847,000
OTHER EXPENSE (INCOME):
Interest expense	54,277,000	59,982,000	57,069,000
Loss on debt extinguishment	0	13,388,000	0
Other, net	2,842,000	7,336,000	(27,982,000)
Total other expense	57,119,000	80,706,000	29,087,000
INCOME (LOSS) BEFORE INCOME TAXES	543,305,000	(317,463,000)	945,760,000
INCOME TAX EXPENSE (BENEFIT):
Current	0	0	0
Deferred	115,495,000	(56,077,000)	(525,156,000)
Total income tax expense (benefit)	115,495,000	(56,077,000)	(525,156,000)
NET INCOME (LOSS)	427,810,000	(261,386,000)	1,470,916,000
Dividends on preferred stock	(1,666,000)	(4,230,000)	(4,840,000)
Deemed dividend on preferred stock	(29,986,000)	0	0
Participating securities - preferred stock	0	0	(212,360,000)
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS	$ 396,158,000	$ (265,616,000)	$ 1,253,716,000
NET INCOME (LOSS) PER COMMON SHARE:
Basic (in dollars per share)	$ 21.74	$ (14.72)	$ 67.24
Diluted (in dollars per share)	$ 21.48	$ (14.72)	$ 66.46
Weighted average common shares outstanding - Basic (shares)	18,223	18,050	18,645
Weighted average common shares outstanding - Diluted (shares)	18,440	18,050	18,902
Natural gas sales
REVENUES:
Revenue from contracts with customers	$ 1,056,429,000	$ 714,160,000	$ 831,812,000
Oil and condensate sales
REVENUES:
Revenue from contracts with customers	133,644,000	101,589,000	99,854,000
Natural gas liquid sales
REVENUES:
Revenue from contracts with customers	$ 133,454,000	$ 112,855,000	$ 119,717,000

GULFPORT ENERGY CORP 10-K