Gulfport Energy Corporation Quarterly report [Sections 13 or 15(d)]

Quarterly report [Sections 13 or 15(d)]

EARNINGS (LOSS) PER SHARE (Tables)

EARNINGS (LOSS) PER SHARE (Tables)

3 Months Ended

Mar. 31, 2025

Reconciliations of the components of basic and diluted net income per common share are presented in the table below (in thousands):


	Three Months Ended March 31, 2025		Three Months Ended March 31, 2024
Net (loss) income	$	(464)	$	52,035
Dividends on preferred stock	(862)		(1,105)
Participating securities - preferred stock(1)	—		(7,532)
Net (loss) income attributable to common stockholders	$	(1,326)	$	43,398
Re-allocation of participating securities	—		143
Diluted net (loss) income attributable to common stockholders	$	(1,326)	$	43,541
Basic Shares	17,881		18,193
Dilutive Shares	17,881		18,604
Basic EPS	$	(0.07)	$	2.39
Dilutive EPS	$	(0.07)	$	2.34

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(1) Preferred stock represents participating securities because it participates in any dividends on shares of common stock on a pari passu, pro rata basis. However, preferred stock does not participate in undistributed net losses.