Gulfport settles Rover pipeline rejection; Q4 production hit 2% by Winter Storm Elliott

GULFPORT ENERGY CORP

Q4 2022 production averaged 1,051,637 Mcfe/day, with 2% (~20,000 Mcfe/day) lost to Winter Storm Elliott downtime.
Settled Rover contract rejection: $85.9M unsecured claim, $18.3M initial distribution, $1M administrative claim.
Gulfport expects $17.7M distribution from its TC Energy claims as result of the Rover settlement.
After $1M payment, Gulfport has no further obligations to Rover; other distributions from liquidating trust.
Operations fully restored; weather impact confined to Q4 2022.

item 2.02 item 8.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.7

GULFPORT ENERGY CORP reported financial results for Year Ended December 31, 2022.

Period: Year Ended December 31, 2022
Result: reported results

Exact text from the filing

Gulfport Energy Corporation (“Gulfport” or the “Company”) presents in this Item 2.02 certain information for the three and twelve months ended December 31, 2022, regarding its fourth quarter and full year 2022 production and related pricing.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.7

GULFPORT ENERGY CORP reported financial results for Three Months Ended December 31, 2022.

Period: Three Months Ended December 31, 2022
Result: reported results

Exact text from the filing

Gulfport Energy Corporation (“Gulfport” or the “Company”) presents in this Item 2.02 certain information for the three and twelve months ended December 31, 2022, regarding its fourth quarter and full year 2022 production and related pricing.

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Source: SEC EDGAR

accession 0001213900-23-008973

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