Gulfport Energy Corporation reported earnings results for the fourth quarter and full year ended December 31, 2024. For the fourth quarter, the company reported revenue was USD 239.87 million compared to USD 489.11 million a year ago. Net loss was USD 273.24 million compared to net income of USD 245.73 million a year ago. Basic loss per share from continuing operations was USD 15.4 compared to basic earnings per share from continuing operations of USD 11.28 a year ago. Diluted loss per share from continuing operations was USD 15.4 compared to diluted earnings per share from continuing operations of USD 11.13 a year ago. For the full year, revenue was USD 958.13 million compared to USD 1,791.7 million a year ago. Net loss was USD 261.39 million compared to net income of USD 1,470.92 million a year ago. Basic loss per share from continuing operations was USD 14.72 compared to basic earnings per share from continuing operations of USD 67.24 a year ago. Diluted loss per share from continuing operations was USD 14.72 compared to diluted earnings per share from continuing operations of USD 66.46 a year ago.
Gulfport Energy is an Oklahoma-based company that acquires and develops crude oil and natural gas properties and extracts and processes crude oil and natural gas.