For the third quarter of 2015, Gulfport reported a net loss of $388.2 million, or $3.59 per diluted share, on oil and natural gas revenues of $230.4 million. For the third quarter of 2015, EBITDA (as defined below) was $94.6 million and cash flow from operating activities before changes in working capital was $82.8 million. The GAAP net income for the third quarter of 2015 included the following items: Excluding the effect of these items, Gulfport’s financial results for the third quarter of 2015 were as follows:Click here to read much more.
In associated news, Marcellus Drilling News has reported a rumor that Gulfport Energy is planning to suspend all Utica shale operations until the end of the 1st quarter in 2016. There is nothing to substantiate this report at this time, but we'll keep on the lookout for news.
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