secwatch.observer — SEC 8-K summary
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Issuer:     GULFPORT ENERGY CORP (GPOR)
CIK:        0000874499
Form:       8-K
Filed at:   2021-11-02T23:59:59+00:00
Accession:  0001213900-21-056113
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gulfport Energy reports Q3 net loss $461M, raises free cash flow guidance to $345-365M, authorizes $100M buyback
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- Net loss of $461.3M for Successor period (May 18-Sep 30) includes $622.5M derivative loss; generated $69.7M Free Cash Flow.
- Average daily production 973.3 MMcfe (89% gas); total sales $379.9M, roughly doubled from $190.0M a year ago.
- 2021 free cash flow guidance raised to $345-365M from prior midpoint; production guidance narrowed to 980-1,000 MMcfe/d.
- Board authorized $100M stock repurchase program through Dec 31, 2022; credit facility amended to $700M, maturity to Oct 2025.
- Recurring cash G&A guidance reduced to $42-44M ($3M cut from prior midpoint); monetized Bakken royalties for $3.8M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/874499/000121390021056113/0001213900-21-056113-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/874499/000121390021056113/ea149782-8k_gulfport.htm
  HTML page:      https://secwatch.observer/filing/0001213900-21-056113

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