Gulfport Energy Reports $17.2 Million Share Buyback
Oklahoma City-based Gulfport Energy Corporation reported this week the buyback of more than 84,000 shares of its common stock as part of the company’s $1.5 billion common share repurchasing program. The deal totaled $17.2 million in value.
Repurchase Agreement Filed With SEC
It reported in a filing with the Securities and Exchange Commission the buyback was made in a purchase agreement with certain accounts managed and advised by Silver Point Capital, L.P.
Details of the Share Repurchase
The 84,416 shares of Gulfport’s common stock, par value $0.0001, was acquired at a price of $204.22 per share which represented a 2.3% to the last reported per share sales price of stock on the NYSE on March 2, 2026. Closing of the repurchase is expected on March 9, 2026.
Gulfport Stock Performance
Gulfport shares on Wednesday closed at $209.78 after a loss of $1.04 or 0.49%.