Gulfport Energy Corp. (GPOR) Tuesday reported fourth-quarter net income of $16 million or $0.28 per share, compared with $31 million or $0.59 per share last year.
Revenues for the quarter were $56.5 million, compared with $67.5 million a year ago.
Analysts polled by Thomson Reuters estimated earnings of $0.18 per share on revenues of $57.08 million for the quarter. Analysts' estimates typically exclude special items.
Net production for the quarter was 608.5 MBOE, down from 661.7 MBOE in the prior year.
Looking ahead, the company estimates 2013 production of 7.8 million to 8.1 million BOE. Capital expenditures for drilling activities and infrastructure projects are estimated to be in the range of $458 million to $512 million.
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