Gulfport Energy (GPOR) Tops Q2 EPS by 31c

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Gulfport Energy Corporation Reports Second Quarter 2017 Results

August 8, 2017 4:01 PM EDT

OKLAHOMA CITY, Aug. 08, 2017 (GLOBE NEWSWIRE) -- Gulfport Energy Corporation (NASDAQ: GPOR) (Gulfport or the Company) today reported financial and operational results for the quarter ended June 30, 2017 and provided an update on its 2017 activities.  Key information for the second quarter of 2017 includes the following:

Net production averaged 1,038.4 MMcfe per day, a 22% increase over the first quarter of 2017 and a 56% increase versus the second quarter of 2016.Net income of $105.9 million, or $0.58 per diluted share.Adjusted net income (as defined and reconciled below) of $60.4 million, or $0.33 per diluted share.Adjusted EBITDA (as... More