Gulfport Energy (GPOR) Reports Q1 EPS of 20c, Lowers Production Guidance

Gulfport Energy Corp. (NASDAQ: GPOR) reported Q1 EPS of $0.20, may not compare to the analyst estimate of $0.21. Revenue for the quarter came in at $117.9 million versus the consensus estimate of $123.63 million.

2014 Guidance

Gulfport currently estimates full year 2014 average daily production to be in the range of 37,000 BOEPD to 42,000 BOEPD. Capital expenditures for exploration and production activities in 2014 are estimated to be in the range of $715 million to $767 million. Additionally, Gulfport anticipates spending approximately $375 million to $425 million on leasehold acquisitions in the Utica Shale during 2014.

For earnings history and earnings-related data on Gulfport Energy Corp. (GPOR) click here.

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