Company: GPOR
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000874499-25-000006
Chunk: 127

Company: GULFPORT ENERGY CORP
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 8
Chunk 127
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 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.

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The following tables summarize activity under the Repurchase Program for the three and nine months ended September 30, 2025 and 2024 (dollar value of shares purchased shown in thousands):Three Months Ended September 30, 2025(1)Three Months Ended September 30, 2024Total number of shares purchased438,266341,132Dollar value of shares purchased$76,263 $49,862 Average price paid per share$174.01 $146.17 _____________________(1)    Amounts include cash redemption of 2,449 shares of preferred stock (equivalent to 179,666 shares of common stock on an as-converted basis), totaling $31.3 million at $174.22 price per share. See Note 5 for further discussion of the Company's redemption of its preferred stock.Nine Months Ended September 30, 2025(1)Nine Months Ended September 30, 2024Total number of shares purchased1,117,816711,829Dollar value of shares purchased$201,263 $104,354 Average price paid per share$180.05 $146.60 _____________________(1)    Amounts include cash redemption of 2,449 shares of preferred stock (equivalent to 179,666 shares of common stock on an as-converted basis), totaling $31.3 million at $174.22 price per share. See Note 5 for further discussion of the Company's redemption of its preferred stock.As of September 30, 2025, the Company has repurchased 6.7 million shares for $785.4 million at a weighted average price of $117.45 per