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EARNINGS (LOSS) PER SHARE (Tables)

9 Months Ended

Sep. 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
			Three Months Ended September 30, 2021									Three Months Ended September 30, 2020

Net loss			$	(461,313)								$	(380,963)
Dividends on New Preferred Stock			(2,095)									—
Participating securities - New Preferred Stock(1)			—									—
Net loss attributable to common stockholders			$	(463,408)								$	(380,963)
Basic Shares			20,598									160,683
Basic and Dilutive EPS			$	(22.50)								$	(2.37)


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

Net (loss) income attributable to Gulfport			$	(670,898)								$	250,996					$	(1,459,569)
Dividends on New Preferred Stock			(3,126)									—						—
Participating securities - New Preferred Stock(1)			—									—						—
Net (loss) income attributable to common stockholders			$	(674,024)								$	250,996					$	(1,459,569)
Basic Shares			20,507									160,834						160,053
Basic and Dilutive EPS			$	(32.87)								$	1.56					$	(9.12)


(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.