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Gulfport Energy Details Fourth Quarter 2019 Results
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Gulfport Energy Corp. reported financial and operational results for the quarter and year ended December 31, 2019 and announced its 2020 operational and financial guidance.
Full Year 2019 Highlights: Net production averaged 1,374.6 MMcfe per day Net loss of $2,002.4 million, or $(12.49) per diluted share, reflecting a non-cash impairment charge of $2,039.8 million Adjusted net income (non-GAAP) of $118.6 million, or $0.72 per diluted share Adjusted EBITDA (non-GAAP) of $814.4 million Cash provided by operating activity of $724.0 million Generated Free Cash Flow (non-GAAP), excluding working capital changes as defined and reconciled below, of $37.8 million Year end total proved reserves of 4.5 Tcfe Completed certain non-core asset divestitures Reduced debt by approximately $50 million…- ✓ Full news archive — U.S., Canada & international coverage
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