Company: GPOR
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001628280-25-038172
Chunk: 103

Company: GULFPORT ENERGY CORP
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 103
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 final payment, including accrued interest, totaled $26.6 million. As of July 30, 2025 the Company had $29.0 million in borrowings outstanding on its Credit Facility.

Repurchases of common stock. During the six months ended June 30, 2025, the Company repurchased 679,550 shares for approximately $125.0 million under the Repurchase Program at a weighted average price of $183.95 per share. For the same period in 2024, the Company repurchased 370,697 shares for $54.5 million at a weighted average price of $147.00 per share. As of July 30, 2025, we repurchased 6.3 million shares for approximately $718.7 million under the Repurchase Program at a weighted average price of $114.03 per share.

Net cash payments on performance vesting restricted stock units. During the six months ended June 30, 2025, the Company settled certain performance vesting restricted stock units awards that were granted in 2022 in cash for $12.3 million, as discussed in Note 7 of our consolidated financial statements.

Dividends on preferred stock. During the six months ended June 30, 2025, the Company paid $1.7 million of cash dividends to holders of our preferred stock compared to $2.2 million in the six months ended June 30, 2024.

Shares exchanged for tax withholdings. During the six months ended June 30, 2025, the Company paid $5.2 million of shares exchanged for tax withholdings compared to $21.6 million in the six months ended June 30, 2024. The decrease was primarily due to lower aggregate fair value of vested awards during the six months ended June 30, 2025 compared to the six months ended June 30, 2024, as discussed in Note 7 of our consolidated financial statements.

Contractual and Commercial Obligations

We have various contractual obligations in the normal course of our operations and financing activities, as discussed in Note 9 of our consolidated financial statements. There have been no other material changes to our contractual obligations from those disclosed in our Annual Report on Form 10-K for the year ended December 31, 2024.    

Off-balance Sheet Arrangements

We may enter into off-balance sheet arrangements and transactions that can give rise to material off-balance sheet obligations. As of June