Gulfport Energy (GPOR - Free Report) reported $489.11 million in revenue for the quarter ended December 2023, representing a year-over-year decline of 50.2%. EPS of $3.10 for the same period compares to $3.18 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $306.77 million, representing a surprise of +59.44%. The company delivered an EPS surprise of -12.92%, with the consensus EPS estimate being $3.56.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Gulfport performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Production volume per day - Gas equivalent: 1,063,341 Mcfe/D compared to the 1,059,868 Mcfe/D average estimate based on three analysts.
- Production volume per day - NGL: 10,923 BBL/D compared to the 11,140.22 BBL/D average estimate based on three analysts.
- Production volume per day - Oil and condensate: 3,498 BBL/D compared to the 3,141.68 BBL/D average estimate based on three analysts.
- Production volume per day - Natural gas: 976,820 Mcf/D compared to the 975,110.3 Mcf/D average estimate based on three analysts.
- Average price, including settled derivatives - Natural gas: $2.91 per thousand cubic feet versus $2.79 per thousand cubic feet estimated by two analysts on average.
- Average price, including settled derivatives - Oil and condensate: 70.15 $/Bbl versus the two-analyst average estimate of 68.47 $/Bbl.
- Average price without the impact of derivatives - NGL: 26.65 $/Bbl versus 26.53 $/Bbl estimated by two analysts on average.
- Average price without the impact of derivatives - Oil and condensate: 73.47 $/Bbl versus the two-analyst average estimate of 77.67 $/Bbl.
- Average price without the impact of derivatives - Natural Gas: $2.37 per thousand cubic feet compared to the $2.69 per thousand cubic feet average estimate based on two analysts.
- Revenues- Natural gas sales: $212.63 million versus the two-analyst average estimate of $259.50 million. The reported number represents a year-over-year change of -54.6%.
- Revenues- Oil and condensate sales: $23.64 million versus the two-analyst average estimate of $22.94 million. The reported number represents a year-over-year change of -34.6%.
- Revenues- Natural gas liquid sales: $26.78 million versus $29.22 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -35% change.
View all Key Company Metrics for Gulfport here>>>Shares of Gulfport have returned +8.9% over the past month versus the Zacks S&P 500 composite's +3.8% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.
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Gulfport Energy (GPOR - Free Report) reported $489.11 million in revenue for the quarter ended December 2023, representing a year-over-year decline of 50.2%. EPS of $3.10 for the same period compares to $3.18 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $306.77 million, representing a surprise of +59.44%. The company delivered an EPS surprise of -12.92%, with the consensus EPS estimate being $3.56.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Gulfport performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Production volume per day - Gas equivalent: 1,063,341 Mcfe/D compared to the 1,059,868 Mcfe/D average estimate based on three analysts.
- Production volume per day - NGL: 10,923 BBL/D compared to the 11,140.22 BBL/D average estimate based on three analysts.
- Production volume per day - Oil and condensate: 3,498 BBL/D compared to the 3,141.68 BBL/D average estimate based on three analysts.
- Production volume per day - Natural gas: 976,820 Mcf/D compared to the 975,110.3 Mcf/D average estimate based on three analysts.
- Average price, including settled derivatives - Natural gas: $2.91 per thousand cubic feet versus $2.79 per thousand cubic feet estimated by two analysts on average.
- Average price, including settled derivatives - Oil and condensate: 70.15 $/Bbl versus the two-analyst average estimate of 68.47 $/Bbl.
- Average price without the impact of derivatives - NGL: 26.65 $/Bbl versus 26.53 $/Bbl estimated by two analysts on average.
- Average price without the impact of derivatives - Oil and condensate: 73.47 $/Bbl versus the two-analyst average estimate of 77.67 $/Bbl.
- Average price without the impact of derivatives - Natural Gas: $2.37 per thousand cubic feet compared to the $2.69 per thousand cubic feet average estimate based on two analysts.
- Revenues- Natural gas sales: $212.63 million versus the two-analyst average estimate of $259.50 million. The reported number represents a year-over-year change of -54.6%.
- Revenues- Oil and condensate sales: $23.64 million versus the two-analyst average estimate of $22.94 million. The reported number represents a year-over-year change of -34.6%.
- Revenues- Natural gas liquid sales: $26.78 million versus $29.22 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -35% change.
View all Key Company Metrics for Gulfport here>>>Shares of Gulfport have returned +8.9% over the past month versus the Zacks S&P 500 composite's +3.8% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.
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Hurry – you can still get in early on our 10 top tickers for 2024. Hand-picked by Zacks Director of Research, Sheraz Mian, this portfolio has been stunningly and consistently successful. From inception in 2012 through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%. Sheraz has combed through 4,400 companies covered by the Zacks Rank and handpicked the best 10 to buy and hold in 2024. You can still be among the first to see these just-released stocks with enormous potential.
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