We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Gulfport (GPOR) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
Read MoreHide Full Article
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.
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.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Gulfport (GPOR) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
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.