Gulfport Energy Corporation filed SEC Form 8-K: Regulation FD Disclosure
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Item 7.01. Regulation FD Disclosure.
On May 14, 2025, Gulfport Energy Corporation (the “Company”) entered into a purchase agreement (the “Purchase Agreement”) with certain accounts managed and advised by Silver Point Capital, L.P. (the “Selling Stockholders”). Pursuant to the Purchase Agreement, the Company agreed to purchase from the Selling Stockholders an aggregate of 76,986 shares of the Company’s common stock, par value $0.0001 (“Common Stock”), at a price of $194.84 per share, representing a 1.7% discount to the last reported per share sales price of Common Stock on the NYSE on May 13, 2025, and an aggregate total consideration of approximately $15.0 million (the “Repurchase”). The Repurchase is expected to close on May 20, 2025.
The Repurchase is part of the Company’s existing $1 billion common share repurchase program and will reduce remaining availability thereunder. As of May 14, 2025, and prior to the Repurchase, the Company had repurchased approximately 6 million shares of common stock at a weighted-average share price of $110.09 per share since the inception of the repurchase program, totaling approximately $660.6 million in aggregate. Following the Repurchase, the Company will have approximately $324.4 million of remaining capacity under the common share repurchase program.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| GULFPORT ENERGY CORPORATION | ||
| Date: May 15, 2025 | By: | /s/ Michael Hodges |
| Name: | Michael Hodges | |
| Title: | Chief Financial Officer | |
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