Gulfport Energy : Regulation FD Disclosure Form 8 K

GPOR

Item 7.01. Regulation FD Disclosure.

On December 19, 2024, 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 79,410 shares of the Company's common stock, par value $0.0001 ("Common Stock"), at a price of $162.81 per share, representing a 2.25% discount to the last reported per share sales price of Common Stock on the NYSE on December 19, 2024, and an aggregate total consideration of approximately $12.9 million (the "Repurchase"). The Repurchase is expected to close on December 26, 2024.

The Repurchase is part of the Company's existing $1 billion common share repurchase program and will reduce remaining availability thereunder. As of December 19, 2024, and prior to the Repurchase, the Company had repurchased approximately 5.5 million shares of common stock at a weighted-average share price of $103.68 per share since the inception of the repurchase program, totaling approximately $566.1 million in aggregate. Following the Repurchase, the Company will have approximately $421.0 million of remaining capacity under the common share repurchase program.

Disclaimer

Gulfport Energy Corporation published this content on December 23, 2024, and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on December 23, 2024 at 11:05:27.548.