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

Earnings Per Share

3 Months Ended

Mar. 31, 2012

EARNINGS PER SHARE

A reconciliation of the components of basic and diluted net income per common share is presented in the table below:


	For the Three Months Ended March 31,
	2012						2011
	Income		Shares		Per Share		Income		Shares		Per Share
Basic:
Net income	$	26,869,000		55,626,208	$	0.48	$	21,174,000		44,724,976	$	0.47

Effect of dilutive securities:
Stock options and restricted stock awards		—		621,401				—		400,043

Diluted:
Net income	$	26,869,000		56,247,609	$	0.48	$	21,174,000		45,125,019	$	0.47

There were no potential shares of common stock that were considered anti-dilutive during the three months ended March 31, 2012 and 2011.

The entire disclosure for earnings per share.