Gulfport Energy (NYSE: GPOR) plans $17.2M stock buyback deal
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Gulfport Energy Corporation agreed to repurchase 84,416 shares of its common stock from accounts managed by Silver Point Capital at $204.22 per share, a 2.3% discount to the last reported NYSE price on March 2, 2026. The transaction totals approximately $17.2 million and is part of the company’s existing $1.5 billion share repurchase program, reducing the remaining capacity under that authorization. The repurchase is expected to close on March 9, 2026.
Positive
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Negative
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8-K Event Classification
Item 7.01 — Regulation FD Disclosure
1 item
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
FAQ
What did Gulfport Energy (GPOR) announce in this 8-K filing?
Gulfport Energy announced a share repurchase agreement to buy 84,416 common shares from accounts managed by Silver Point Capital. The deal is part of its existing $1.5 billion repurchase program and represents about $17.2 million of stock buybacks at a negotiated discount.
How does this transaction affect Gulfport Energy’s (GPOR) existing repurchase program?
This transaction uses approximately $17.2 million of Gulfport Energy’s existing $1.5 billion common share repurchase program. Completing the deal will reduce the remaining availability under that authorization while decreasing the number of outstanding shares held by the Silver Point Capital-managed accounts.