Gulfport Energy (NASDAQ: GPOR) reported Q3 EPS of ($0.08), $0.10 better than the analyst estimate of ($0.18). Revenue for the quarter came in at $230.7 million versus the consensus estimate of $163.48 million.

Michael G. Moore, Chief Executive Officer, commented, “While we are certainly proud of our operational performance this quarter, we also acknowledge these are challenging times for the industry. Gulfport has differentiated itself to not only weather these challenges but navigate them opportunistically and ultimately exit in a position of strength. Our core philosophy of maintaining conservative leverage and preserving the strength of our balance sheet has been and will continue to be the driving force of our business and our number one priority.”

“With regard to 2016, Gulfport anticipates providing its 2016 guidance and budgeted activity levels in early 2016. In light of today’s commodity price environment, we currently plan to forego adding a fifth rig in the Utica at the beginning of 2016, idling a completion crew during the first quarter of 2016 and we are directionally moving downward towards the middle of the previously provided bookends of activity next year. As we contemplate levels of activity going forward, I assure you that we will continue to act thoughtfully and in a financially responsible manner.”

For earnings history and earnings-related data on Gulfport Energy (GPOR) click here.