Gulfport Energy (NYSE: GPOR) fully redeems Series A preferred stock

Rhea-AI Filing Summary

Gulfport Energy Corporation redeemed all of its outstanding Series A Convertible Preferred Stock, simplifying its capital structure. On September 5, 2025, the company redeemed 2,449 shares of this preferred stock at an aggregate redemption value of approximately $31.3 million, including accrued and unpaid dividends through the redemption date. After this transaction, no shares of the Series A preferred stock remain outstanding.

Since June 30, 2025 and before the redemption, 28,907 shares of the same preferred series had been converted into approximately 2.1 million shares of Gulfport common stock, shifting more of the company’s financing into common equity.

Insights

Capital structure and credit analyst

Gulfport fully retires its Series A preferred, trading cash outlay for a cleaner equity structure.

Gulfport Energy Corporation redeemed 2,449 shares of its Series A Convertible Preferred Stock on September 5, 2025 for an aggregate redemption value of about $31.3 million, including accrued and unpaid dividends. This removes the entire preferred layer, which typically carries a higher cost of capital and priority over common equity.

Between June 30, 2025 and the redemption date, 28,907 preferred shares were converted into roughly 2.1 million common shares. That sequence first increased the common share base, then eliminated the remaining preferred, consolidating claims into common equity. The move involves a cash outflow to fund the $31.3 million redemption, while potentially reducing ongoing dividend obligations tied to this preferred series.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of report (Date of earliest event reported): September 5, 2025

GULFPORT ENERGY CORPORATION

(Exact Name of Registrant as Specified in Charter)

Delaware		001-19514		86-3684669
(State or other jurisdiction of incorporation)		(Commission File Number)		(I.R.S. Employer Identification Number)

713 Market Drive Oklahoma City, Oklahoma		73114
(Address of principal executive offices)		(Zip code)

(405) 252-4600

(Registrant’s telephone number, including area code)

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Name of each exchange on which registered		Trading Symbol
Common stock, par value $0.0001 per share		The New York Stock Exchange		GPOR

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01. Other Events

On September 5, 2025 (the “Redemption Date”), Gulfport Energy Corporation (“Gulfport” or the “Company”) redeemed a total of 2,449 shares of its Series A Convertible Preferred Stock (the “Preferred Stock”) at an aggregate redemption value of approximately $31.3 million, including accrued and unpaid dividends through the Redemption Date. No shares of Preferred Stock remain outstanding following the transaction. Since June 30, 2025 and prior to the Redemption Date, 28,907 shares of Preferred Stock were converted into approximately 2.1 million shares of Gulfport common stock.

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SIGNATURE

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 thereunto duly authorized.

	GULFPORT ENERGY CORPORATION
Date: September 8, 2025	By:	/s/ Michael Hodges
		Michael Hodges
		Chief Financial Officer

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FAQ

What capital structure change did GPOR report in this 8-K?

Gulfport Energy Corporation reported that it redeemed all remaining shares of its Series A Convertible Preferred Stock and that no shares of this preferred series remain outstanding after the transaction.

How much Series A preferred stock did Gulfport Energy redeem?

On the September 5, 2025 redemption date, Gulfport Energy redeemed 2,449 shares of its Series A Convertible Preferred Stock at an aggregate redemption value of approximately $31.3 million, including accrued and unpaid dividends.

Does Gulfport Energy still have any Series A preferred stock outstanding after the redemption?

No. The company states that no shares of its Series A Convertible Preferred Stock remain outstanding following the September 5, 2025 redemption transaction.

What conversions from preferred to common stock did GPOR disclose?

Gulfport disclosed that since June 30, 2025 and prior to the redemption date, 28,907 shares of its Series A Convertible Preferred Stock were converted into approximately 2.1 million shares of Gulfport common stock.

How might the preferred stock redemption affect Gulfport Energy common shareholders?

The redemption removes the preferred stock layer, leaving only common equity for that series of securities, while prior conversions of 28,907 preferred shares into about 2.1 million common shares increased the common share count.

What role did accrued dividends play in the Gulfport preferred redemption amount?

The aggregate redemption value of approximately $31.3 million includes accrued and unpaid dividends on the redeemed Series A Convertible Preferred Stock through the September 5, 2025 redemption date.