GULFPORT ENERGY CORP [GPORQ] reports annual net loss of $251.0 million

GULFPORT ENERGY CORP [GPORQ] has reported a net loss of $251.0 million for year ended Dec 31, 2023.

The Company said in a filing before the Securities and Exchange Commission that its total revenue for the year was $273.0 million

Based in OKLAHOMA CITY, Oklahoma, GULFPORT ENERGY CORP operates in the MINING sector.

In the 12 months ended December 31, 2023, the company reported total revenues of $1.79 billion, representing a robust growth compared to the previous year's total revenue of $1.33 billion in the same period. The revenue from contracts with customers in natural gas sales increased from $831.81 million in the previous period to $1.99 billion in the current period.

Operating expenses for the 12 months ended December 31, 2023, amounted to $816.86 million, higher than the $787.99 million reported in the same period the previous year. Expenses such as depreciation, depletion, and amortization also showed an increase from $267.76 million to $319.71 million.