Company: GPOR
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001628280-25-008043
Chunk: 408

Company: GULFPORT ENERGY CORP
Filing Date: 2025-02-26
Form: 10-K
Item: Item 8
Chunk 408
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 net income or loss attributable to participating securities divided by (iv) weighted average basic shares outstanding. Diluted net income or loss per share attributable to common stockholders is computed as (i) basic net income or loss attributable to common stockholders plus (ii) diluted adjustments to income allocable to participating securities divided by (iii) weighted average diluted shares outstanding. The “if-converted” method is used to determine the dilutive impact for the Company's convertible preferred stock and the treasury stock method is used to determine the dilutive impact of unvested restricted stock.There were 0.3 million shares of restricted stock that were considered anti-dilutive for the year ended December 31, 2024. There were 0.3 million and 0.2 million shares of restricted stock that were considered dilutive for the years ended December 31, 2023 and 2022, respectively. There were 2.7 million, 3.2 million and 3.7 million potential shares of common stock issuable due to the Company's convertible preferred stock for the years ended December 31, 2024, 2023 and 2022, respectively. Reconciliations of the components of basic and diluted net (loss) income per common share are presented in the table below (in thousands):Year Ended December 31, 2024Year Ended December 31, 2023Year Ended December 31, 2022Net (loss) income$(261,386)$1,470,916 $494,701 Dividends on preferred stock(4,230)(4,840)(5,444)Participating securities - preferred stock(1)— (212,360)(76,401)Net (loss) income attributable to common stockholders$(265,616)$1,253,716 $412,856 Re-allocation of participating securities— 2,475 512 Diluted net (loss) income attributable to common stockholders$(265,616)$1,256,191 $413,368 Basic Shares18,050 18,645 20,185 Dilutive Shares18,050 18,902 20,347 Basic EPS$(14.72)$67.24 $20.45 Dilutive EPS$(14.72)$66.46 $20.32 _____________________(1)    Preferred stock represents participating securities because it participates in any dividends on shares of common stock on