How much has Gulfport spent on share repurchases since the program began?

Gulfport has repurchased approximately 8.6 million shares for an aggregate total of approximately $1.2 billion since the program initiated in March 2022, at a weighted-average price of $135.09 per share. In the first half of 2026 alone, the company repurchased 1.3 million shares for $242.8 million.

How much authorization does Gulfport have remaining for future buybacks?

As of June 30, 2026, Gulfport had approximately $336.8 million of remaining capacity under its share repurchase program. This gives the company flexibility to continue repurchases based on market conditions and capital allocation priorities.

What was the average price paid in Q2 2026 repurchases?

In Q2 2026, Gulfport repurchased 392.2 thousand shares for approximately $70.0 million, implying an average price of approximately $178.54 per share during that quarter.

How does Gulfport's repurchase program fit into its overall capital allocation strategy?

Gulfport is balancing share repurchases with strategic discretionary acreage acquisitions (targeting $140 million in 2026) and maintaining a conservative mid-cycle leverage profile. Management emphasized commitment to 'maintaining a conservative mid-cycle leverage profile' while returning excess cash to shareholders.

GPOR 8-K Filed 2026-08-03 Execution disclosure

Gulfport Energy repurchased 392.2K shares for $70M in Q2 2026

Energy producer has now repurchased 8.6M shares totaling $1.2B since March 2022; $336.8M remains authorized

Shares repurchased392K

Avg price paid$178.54

Remaining$337M

MechanismNot specified

What the filing says

Gulfport Energy Corporation (NYSE: GPOR) repurchased approximately 392.2 thousand shares of common stock during the second quarter of 2026 for approximately $70.0 million, according to the company's earnings press release filed via 8-K on August 3, 2026.

Since the repurchase program's inception in March 2022, Gulfport has repurchased approximately 8.6 million shares (including shares underlying convertible preferred stock) at a weighted-average price of $135.09 per share, for an aggregate total of approximately $1.2 billion. For the six-month period ended June 30, 2026, the company repurchased approximately 1.3 million shares for approximately $242.8 million.

As of June 30, 2026, the company had approximately $336.8 million of remaining capacity under its share repurchase program. In the earnings release, CEO Nick Dell'Osso stated the company will "continue to evaluate our capital allocation opportunities competitively and seek the optimal balance between strategic inventory expansion and opportunistic share repurchases, with each decision guided by returns, market conditions and our financial position."

Gulfport repurchased approximately 392.2 thousand shares of common stock during the second quarter of 2026, totaling approximately $70.0 million. As of June 30, 2026, the Company had repurchased approximately 8.6 million shares of common stock (including the underlying shares of common stock into which the preferred stock was convertible) at a weighted-average share price of $135.09 since the program initiated in March 2022, totaling approximately $1.2 billion in aggregate. — GULFPORT ENERGY CORP 8-K filing · View on SEC EDGAR →

What this means

Gulfport's Q2 2026 buyback activity reflects ongoing capital allocation to shareholders alongside the company's focus on acreage acquisition and debt management. With $336.8 million remaining under its repurchase authorization as of June 30, 2026, the company has deployed $1.2 billion across 8.6 million shares since March 2022, reducing share count while maintaining a conservative capital structure in a commodity-dependent energy sector. Management's stated approach prioritizes "optimal balance" between inventory expansion and opportunistic repurchases, suggesting execution will remain discretionary and dependent on cash flow and market conditions.

Frequently asked questions

How much has Gulfport spent on share repurchases since the program began?: Gulfport has repurchased approximately 8.6 million shares for an aggregate total of approximately $1.2 billion since the program initiated in March 2022, at a weighted-average price of $135.09 per share. In the first half of 2026 alone, the company repurchased 1.3 million shares for $242.8 million.
How much authorization does Gulfport have remaining for future buybacks?: As of June 30, 2026, Gulfport had approximately $336.8 million of remaining capacity under its share repurchase program. This gives the company flexibility to continue repurchases based on market conditions and capital allocation priorities.
What is management's approach to balancing buybacks with other capital needs?: CEO Nick Dell'Osso stated that the company will 'seek the optimal balance between strategic inventory expansion and opportunistic share repurchases, with each decision guided by returns, market conditions and our financial position.' This signals that buyback execution remains discretionary and dependent on commodity price environment and cash generation.
What was the average price paid in Q2 2026 repurchases?: In Q2 2026, Gulfport repurchased 392.2 thousand shares for approximately $70.0 million, implying an average price of approximately $178.54 per share during that quarter.
How does Gulfport's repurchase program fit into its overall capital allocation strategy?: Gulfport is balancing share repurchases with strategic discretionary acreage acquisitions (targeting $140 million in 2026) and maintaining a conservative mid-cycle leverage profile. Management emphasized commitment to 'maintaining a conservative mid-cycle leverage profile' while returning excess cash to shareholders.

execution energy-sector mid-cap ongoing-program discretionary-repurchases

Source. This editorial summary is based on the SEC filing linked above. BuybackStocks aggregates and editorializes publicly available SEC EDGAR filings. Not investment advice. Past authorization announcements do not guarantee future repurchase activity or share price performance. See our full disclosures policy.