secwatch.observer — SEC 8-K summary
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Issuer:     GULFPORT ENERGY CORP (GPOR)
CIK:        0000874499
Form:       8-K
Filed at:   2021-09-27T23:59:59+00:00
Accession:  0001213900-21-049873
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gulfport Energy settles with TC Energy for $43.75M; resolves contract rejection dispute
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- Gulfport pays $43.75M cash to TC Energy for assignment of damages claims from rejected firm transportation contracts.
- Gulfport expects to recover all or substantially all of $43.75M via distributions from Chapter 11 trust; material portion in next 12 months.
- Settlement with Stingray Pressure Pumping: all claims and counterclaims dropped in Delaware Court and Bankruptcy Court.
- Bankruptcy Court approved settlement on Sept 21, 2021; settlement effective date expected Sept 23, 2021.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/874499/000121390021049873/0001213900-21-049873-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/874499/000121390021049873/ea147866-8k_gulfport.htm
  HTML page:      https://secwatch.observer/filing/0001213900-21-049873

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