Gulfport Energy
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Gulfport Energy missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank significantly. Non-GAAP earnings per share shrank significantly. GAAP earnings per share dropped significantly.
Margins dropped across the board.
Revenue details
Gulfport Energy booked revenue of $56.6 million. The 10 analysts polled by S&P Capital IQ expected sales of $57.9 million on the same basis. GAAP reported sales were 18% lower than the prior-year quarter's $68.9 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
EPS came in at $0.34. The 16 earnings estimates compiled by S&P Capital IQ predicted $0.19 per share. Non-GAAP EPS of $0.34 for Q4 were 42% lower than the prior-year quarter's $0.59 per share. GAAP EPS of $0.28 for Q4 were 53% lower than the prior-year quarter's $0.59 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Margin details
For the quarter, gross margin was 76.9%, 330 basis points worse than the prior-year quarter. Operating margin was 32.8%, much worse than the prior-year quarter. Net margin was 28.1%, much worse than the prior-year quarter.
Looking ahead
Next quarter's average estimate for revenue is $78.9 million. On the bottom line, the average EPS estimate is $0.21.
Next year's average estimate for revenue is $476.9 million. The average EPS estimate is $1.13.
Investor sentiment
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Gulfport Energy is buy, with an average price target of $48.42.
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