| 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 |
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Predecessor |
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Period from May 18, 2021 through June 30, 2021 |
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Period from April 1, 2021 through May 17, 2021 |
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Three Months Ended June 30, 2020 |
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| Net (loss) income |
$ |
(209,586) |
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$ |
242,214 |
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$ |
(561,068) |
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| Dividends on New Preferred Stock |
(1,031) |
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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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| Net (loss) income attributable to common stockholders |
$ |
(210,617) |
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$ |
242,214 |
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$ |
(561,068) |
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| Basic Shares |
20,321 |
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160,887 |
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159,934 |
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| Basic and Dilutive EPS |
$ |
(10.36) |
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$ |
1.51 |
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$ |
(3.51) |
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Successor |
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Predecessor |
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Period from May 18, 2021 through June 30, 2021 |
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Period from January 1, 2021 through May 17, 2021 |
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Six Months Ended June 30, 2020 |
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| Net income (loss) attributable to Gulfport |
$ |
(209,586) |
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$ |
250,996 |
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$ |
(1,078,606) |
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| Dividends on New Preferred Stock |
(1,031) |
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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 |
$ |
(210,617) |
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$ |
250,996 |
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$ |
(1,078,606) |
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| Basic Shares |
20,321 |
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160,834 |
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159,847 |
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| Basic and Dilutive EPS |
$ |
(10.36) |
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$ |
1.56 |
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$ |
(6.75) |
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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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