Gulfport Energy to Repurchase 76,986 Shares for $15 Million, Continuing $1 Billion Buyback Program

Reuters
16 May
Gulfport Energy to Repurchase 76,986 Shares for $15 Million, Continuing $1 Billion Buyback Program

Gulfport Energy Corporation has entered into a purchase agreement with Silver Point Capital, L.P., to buy 76,986 shares of its common stock at $194.84 per share, totaling approximately $15 million. This transaction is part of the company's $1 billion share repurchase program, which has previously seen the repurchase of approximately 6 million shares at an average price of $110.09 per share, totaling around $660.6 million. Following the latest transaction, Gulfport Energy will have about $324.4 million remaining in its repurchase program.

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