Gulfport Energy Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Selected Quarterly Financial Data

Selected Quarterly Financial Data

12 Months Ended

Dec. 31, 2011

Selected Quarterly Financial Data [Abstract]

Selected Quarterly Financial Data

21.

SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)

The following table summarizes quarterly financial data for the years ended December 31, 2011 and 2010:


	2011
	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
Revenues	$	46,638,000	$	55,589,000	$	58,081,000	$	68,946,000
Income from operations		22,105,000		28,156,000		29,118,000		31,585,000
Income tax expense (benefit)		—		1,000		—		(91,000	)
Net income		21,174,000		27,265,000		29,009,000		30,974,000
Income per share:
Basic	$	0.47	$	0.57	$	0.58	$	0.59

Diluted	$	0.47	$	0.57	$	0.57	$	0.59


	2010
	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
Revenues	$	27,355,000	$	28,875,000	$	33,181,000	$	37,533,000
Income from operations		10,526,000		11,004,000		13,468,000		14,779,000
Income tax expense		—		40,000		—		—
Net income		9,981,000		10,389,000		12,678,000		14,315,000
Income per share:
Basic	$	0.23	$	0.24	$	0.28	$	0.32

Diluted	$	0.23	$	0.24	$	0.28	$	0.32

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

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