Gulfport Energy Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE

EARNINGS PER SHARE

9 Months Ended

Sep. 30, 2019

Reconciliations of the components of basic and diluted net income per common share are presented in the tables below:



	Three months ended September 30,
	2019							2018
	Loss			Shares	Per Share			Income		Shares	Per Share
	(In thousands, except share data)
Basic:
Net (loss) income	$	(48,752	)	159,548,477	$	(0.31	)	$	95,150	173,057,538	$	0.55
Effect of dilutive securities:
Stock options and awards	—			—				—		247,376
Diluted:
Net (loss) income	$	(48,752	)	159,548,477	$	(0.31	)	$	95,150	173,304,914	$	0.55



	Nine months ended September 30,
	2019					2018
	Income		Shares	Per Share		Income		Shares	Per Share
	(In thousands, except share data)
Basic:
Net income	$	248,446	160,553,796	$	1.55	$	296,559	175,776,312	$	1.69
Effect of dilutive securities:
Stock options and awards	—		4,266,206			—		664,149
Diluted:
Net income	$	248,446	164,820,002	$	1.51	$	296,559	176,440,461	$	1.68

There were 2,073,638 shares of common stock that were considered anti-dilutive for the three months ended September 30, 2019. There were no potential shares of common stock that were considered anti-dilutive for the nine months ended September 30, 2019 or the three and nine months ended September 30, 2018.