OKLAHOMA CITY (AP) _ Gulfport Energy Corp. (GPOR) on Thursday reported first-quarter net income of $62.2 million.
The Oklahoma City-based company said it had profit of 38 cents per share. Earnings, adjusted for non-recurring gains, came to 33 cents per share.
The results topped Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of 30 cents per share.
The independent oil and gas company posted revenue of $320.6 million in the period, also surpassing Street forecasts. Eleven analysts surveyed by Zacks expected $317.2 million.
Gulfport Energy shares have fallen slightly more than 3% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $6.33, a decrease of 31% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GPOR at https://www.zacks.com/ap/GPOR