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Gulfport Energy Corporation (NYSE:GPOR), a $3.08 billion energy company, announced it has redeemed all outstanding shares of its Series A Convertible Preferred Stock. According to a statement released Monday and based on a recent SEC filing, the company redeemed a total of 2,449 shares of preferred stock on Friday at an aggregate value of approximately $31.3 million, which included accrued and unpaid dividends through the redemption date. This move aligns with management’s aggressive share repurchase strategy, as highlighted by InvestingPro analysis.
Following this transaction, no shares of the Series A Convertible Preferred Stock remain outstanding. The company also reported that, between June 30 and the redemption date, 28,907 shares of preferred stock were converted into about 2.1 million shares of Gulfport common stock.
The information in this article is based on a press release statement included in Gulfport Energy’s SEC filing.
In other recent news, Gulfport Energy Operating Corp reported earnings and revenue for the second quarter of 2025 that exceeded expectations. The company posted an earnings per share (EPS) of $5.40, surpassing the forecasted $5.27. Additionally, Gulfport Energy’s revenue reached $448 million, significantly beating the forecast of $335.27 million. These results represent a positive development for the company. In the wake of these earnings, analysts and investors are closely monitoring Gulfport Energy’s performance. The company’s ability to surpass earnings and revenue forecasts highlights its current financial strength. These recent developments are likely to influence future analyst assessments and investor interest in the company.
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