GULFPORT ENERGY CORP
For the period ended Jun 30, 2026. Filed Aug 4, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2026 · Filed Aug 4, 2026
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6. Equity
- EQUITY
Share Repurchase Program
In November 2021 the Company's Board of Directors approved the Repurchase Program to acquire up to $100 million of common stock, which has subsequently been increased to $1.5 billion, including the cash redemption of preferred stock noted previously, and extended through December 31, 2026. Purchases under the Repurchase Program may be made from time to time in open market or privately negotiated transactions, and will be subject to available liquidity, market conditions, credit agreement restrictions, applicable legal requirements, contractual obligations and other factors. The Repurchase Program does not require the Company to acquire any specific number of shares of common stock. The Company intends to purchase shares under the Repurchase Program with available funds while maintaining sufficient liquidity to fund its capital development program. The Repurchase Program may be suspended from time to time, modified, extended or discontinued by the Board of Directors at any time.
The following tables summarize activity under the Repurchase Program (dollar value of shares purchased shown in thousands):
| Three Months Ended June 30, 2026 | Three Months Ended June 30, 2025 | |
|---|---|---|
| Total number of shares purchased | 392,222 | 338,886 |
| Dollar value of shares purchased | $69,999 | $65,000 |
| Average price paid per share | $178.47 | $191.80 |
| Six Months Ended June 30, 2026 | Six Months Ended June 30, 2025 | |
|---|---|---|
| Total number of shares purchased | 1,258,501 | 679,550 |
| Dollar value of shares purchased | $242,776 | $125,000 |
| Average price paid per share | $192.91 | $183.95 |
As of June 30, 2026, the Company has repurchased 8.6 million shares for approximately $1.2 billion at a weighted average price of $135.09 per share since the inception of the Repurchase Program.
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