| Schedule of Earnings Per Share |
Reconciliations of the components of basic and diluted net (loss) income per common share are presented in the tables below:
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Successor |
Predecessor |
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Three Months Ended September 30, 2021 |
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Three Months Ended September 30, 2020 |
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| Net loss |
$ |
(461,313) |
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$ |
(380,963) |
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| Dividends on New Preferred Stock |
(2,095) |
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— |
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Participating securities - New Preferred Stock(1)
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— |
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— |
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| Net loss attributable to common stockholders |
$ |
(463,408) |
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$ |
(380,963) |
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| Basic Shares |
20,598 |
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160,683 |
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| Basic and Dilutive EPS |
$ |
(22.50) |
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$ |
(2.37) |
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Successor |
Predecessor |
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Period from May 18, 2021 through September 30, 2021 |
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Period from January 1, 2021 through May 17, 2021 |
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Nine Months Ended September 30, 2020 |
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| Net (loss) income attributable to Gulfport |
$ |
(670,898) |
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$ |
250,996 |
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$ |
(1,459,569) |
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| Dividends on New Preferred Stock |
(3,126) |
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— |
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— |
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Participating securities - New Preferred Stock(1)
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— |
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— |
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— |
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| Net (loss) income attributable to common stockholders |
$ |
(674,024) |
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$ |
250,996 |
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$ |
(1,459,569) |
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| Basic Shares |
20,507 |
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160,834 |
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160,053 |
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| Basic and Dilutive EPS |
$ |
(32.87) |
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$ |
1.56 |
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$ |
(9.12) |
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(1) |
New Preferred Stock represents participating securities because they participate in any dividends on shares of common stock on a pari passu, pro rata basis. However, New Preferred Stock does not participate in undistributed net losses.
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