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EARNINGS (LOSS) PER SHARE (Tables)

6 Months Ended

Jun. 30, 2021

Earnings Per Share [Abstract]

Schedule of Earnings Per Share

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


			Successor									Predecessor
			Period from May 18, 2021 through June 30, 2021									Period from April 1, 2021 through May 17, 2021						Three Months Ended June 30, 2020

Net (loss) income			$	(209,586)								$	242,214					$	(561,068)
Dividends on New Preferred Stock			(1,031)									—						—
Participating securities - New Preferred Stock(1)			—									—						—
Net (loss) income attributable to common stockholders			$	(210,617)								$	242,214					$	(561,068)
Basic Shares			20,321									160,887						159,934
Basic and Dilutive EPS			$	(10.36)								$	1.51					$	(3.51)


			Successor									Predecessor
			Period from May 18, 2021 through June 30, 2021									Period from January 1, 2021 through May 17, 2021						Six Months Ended June 30, 2020

Net income (loss) attributable to Gulfport			$	(209,586)								$	250,996					$	(1,078,606)
Dividends on New Preferred Stock			(1,031)									—						—
Participating securities - New Preferred Stock(1)			—									—						—
Net (loss) income attributable to common stockholders			$	(210,617)								$	250,996					$	(1,078,606)
Basic Shares			20,321									160,834						159,847
Basic and Dilutive EPS			$	(10.36)								$	1.56					$	(6.75)


(1)			New Preferred Stock represents participating securities because they participate in any dividends on shares of common stock on a pari passu, pro rata basis. However, New Preferred Stock does not participate in undistributed net losses.