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Gulfport Energy: 1Q Earnings Snapshot

 


OKLAHOMA CITY (AP) _ Gulfport Energy Corp. (GPOR) on Thursday reported a first-quarter loss of $517.5 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Oklahoma City-based company said it had a loss of $3.24. Earnings, adjusted for one-time gains and costs, came to 10 cents per share.

The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 12 cents per share.

The independent oil and gas company posted revenue of $246.9 million in the period, also exceeding Stre...



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