OKLAHOMA CITY (AP) _ Gulfport Energy Corp. (GPOR) on Monday reported a loss of $240.4 million in its fourth quarter.
On a per-share basis, the Oklahoma City-based company said it had a loss of $1.86. Earnings, adjusted for non-recurring costs and asset impairment costs, were 34 cents per share.
The results beat Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 21 cents per share.
The independent oil and gas company posted revenue of $63.4 million in the period, missing Street forecasts. Eight analysts surveyed by Zacks expected $198.6 million.
For the year, the company reported that its loss narrowed to $979.7 million, or $7.97 per share. Revenue was reported as $385.9 million.
Gulfport Energy shares have declined slightly more than 4 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $20.68, a decrease of 25 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GPOR at https://www.zacks.com/ap/GPOR
Keywords: Gulfport Energy, Earnings Report