Gulfport Energy Corp. (GPOR) posted first-quarter net income of $26.87 million or $0.48 per share, compared to $21.17 million or $0.47 per share last year.
On average, 13 analysts polled by Thomson Reuters expected the company to report earnings of $0.60 per share. Analysts' estimates typically exclude special items.
Revenues were $65.46 million, up from $46.64 million in the prior year period, while ten analysts estimated revenues of $71.15 million.
For the second quarter of 2012, the company currently estimates production to be in the range of 627,900 to 646,100 BOE and 2012 production to be in the range 2.9 million to 3.1 million BOE.
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