other material
confidence high
sentiment positive
materiality 0.35
Gulfport Energy repurchases 79,410 shares from Silver Point Capital at $162.81/share
GULFPORT ENERGY CORP
- Repurchased 79,410 shares at $162.81/share (2.25% discount to market) for total consideration of ~$12.9M.
- Repurchase is part of existing $1B buyback program; expected to close December 26, 2024.
- Prior to this, had repurchased ~5.5M shares at weighted-average $103.68/share, totaling ~$566.1M since program inception.
- After repurchase, remaining capacity under the program is approximately $421M.