Gulfport Energy Corp. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported net income of $6.7 million or $0.16 per basic and diluted share on revenues of $22.1 million against net income of $14.1 million or $0.33 per basic and diluted share on revenues of $36.7 million last year. EBITDA for the third quarter of 2009 was $14.8 million against $24.8 million last year. The company reported income from operations of $7.1 million against $15.1 million last year. Income before income taxes was $6.7 million against $14.1 million last year. Cash provided by operating activity was $12,941,000 against $29,547,000 last year. Operating cash flow was $14,248,000 against $23,869,000 last year. For the nine months, the company reported net income of $14.5 million or $0.34 per basic and diluted share on revenues of $60.4 million against net income of $40.5 million or $0.94 per diluted share on revenues of $103.6 million last year. EBITDA was $38.8 million against $73.2 million last year. The company reported income from operations of $14.7 million against $42.7 million last year. Income before income taxes was $14.5 million against $40.5 million last year. Cash provided by operating activity was $35,812,000 against $75,263,000 last year. Operating cash flow was $37,378,000 against $70,568,000 last year. Capital expenditures for 2010 are estimated to be in the range of $56 million to $62 million prior to any new acreage or asset acquisitions.

Gulfport Energy Corp., Q3 2009 Earnings Call, Nov-05 2009

Gulfport Energy Corp. expected to Report Fiscal Year 2009 Results on March 8, 2010. This event was calculated by Capital IQ (Created on October 30, 2009).