14 May 2021securities registration● Neutral
GULFPORT ENERGY CORP amended an already-effective registration statement.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
14 May 2021securities registration● Neutral
GULFPORT ENERGY CORP amended its automatic shelf registration statement.
14 May 2021securities registration● Neutral
GULFPORT ENERGY CORP amended an already-effective registration statement.
14 May 2021securities registration● Neutral
GULFPORT ENERGY CORP amended an already-effective registration statement.
14 May 2021securities registration● Neutral
GULFPORT ENERGY CORP amended its automatic shelf registration statement.
10 May 2021securities registration● Neutral
GULFPORT ENERGY CORP applied to qualify a debt indenture with the SEC.
6 May 2021quarterly activities report● Neutral
GULFPORT ENERGY CORP reported quarterly revenue of $247.4 million and net income of $8.8 million for the period ended 2021-03-31.
29 Apr 2021bankruptcy or receivership▼ BadMajor
On April 28, 2021 the bankruptcy court confirmed Gulfport's Chapter 11 plan, with the plan to take effect once its conditions are met. The company's existing common stock (160,762,186 shares outstanding as of February 22, 2021) will be cancelled on the effective date with no payment to shareholders. Noteholders' recovery is capped at 96% of the new common stock, and general unsecured creditors of the parent get 4% of the new stock plus $10 million in cash and the Mammoth shares. The bank loan and the debtor-in-possession loan convert into a $580 million exit facility. This confirms the plan proposed in November 2020.
1 Mar 2021director interest notice● Neutral
GULFPORT ENERGY CORP President & CEO David M. Wood had 49,845 shares withheld for taxes on vesting stock.
1 Mar 2021director interest notice● Neutral
GULFPORT ENERGY CORP SVP of Reservoir Engineering Michael Sluiter had 17,059 shares withheld for taxes on vesting stock.
1 Mar 2021director interest notice● Neutral
GULFPORT ENERGY CORP EVP & COO Donnie G Moore had 19,497 shares withheld for taxes on vesting stock.
16 Feb 2021substantial holder notice● Neutral
Dimensional Fund Advisors LP reported no remaining GULFPORT ENERGY CORP shareholding in its periodic institutional filing.
2 Feb 2021listing compliance notice● NeutralMajor
GULFPORT ENERGY CORP's exchange filed to remove a class of its securities from listing.
8 Dec 2020substantial holder notice● Neutral
BlackRock, Inc reported a GULFPORT ENERGY CORP shareholding of 135,368 shares (0.10% of votes) in a periodic institutional filing.
20 Nov 2020listing compliance notice▼ BadMajor
Gulfport confirmed it filed for Chapter 11 bankruptcy protection on November 13, 2020, and secured $262.5 million in debtor-in-possession financing ($105 million new money plus a $157.5 million roll-up of existing credit facility debt) from the bankruptcy court. Nasdaq moved to delist Gulfport's stock effective November 27, 2020, with shares expected to begin trading on the OTC Pink market instead.
16 Nov 2020bankruptcy or receivership▼ BadMajor
On November 13, 2020, Gulfport filed for Chapter 11 and signed a Restructuring Support Agreement with over 95% of its bank lenders and holders of over two-thirds of its 2023, 2024, 2025 and 2026 notes. Under the plan described, existing shares in Gulfport Parent would be cancelled and extinguished, while noteholders and unsecured creditors would receive new common stock. A $262.5 million debtor-in-possession loan from the bank lenders is part of the deal. This is the filing that begins the bankruptcy, following the forbearance agreements and missed interest payment in October 2020.
10 Nov 2020substantial holder notice● Neutral
The Vanguard Group reported a GULFPORT ENERGY CORP shareholding of 7,815,862 shares (4.88% of votes) in a periodic institutional filing.
9 Nov 2020quarterly activities report▼ Bad
GULFPORT ENERGY CORP reported quarterly revenue of $136.2 million and a net loss of $381.0 million for the period ended 2020-09-30.
3 Nov 2020substantial holder notice● Neutral
Shah Capital Management, Inc, Shah Capital Opportunity Fund LP reported no remaining GULFPORT ENERGY CORP shareholding in its periodic institutional filing.
29 Oct 2020material agreement▼ BadMajor
Gulfport signed a Second Forbearance Agreement with its lenders, buying more time as restructuring negotiations continued.
16 Oct 2020material agreement▼ BadMajor
Gulfport's crisis came to a head: after triggering a default under its credit agreement, it signed a First Forbearance Agreement with its lenders and elected to use a 30-day grace period rather than make the scheduled interest payment on its 6.000% notes due 2024 - a direct prelude to bankruptcy.
15 Oct 2020substantial holder notice● Neutral
Firefly Value Partners, LP, FVP Master Fund, L.P, FVP GP, LLC, Firefly Management Company GP, LLC, Ryan Heslop, Ariel Warszawski reported a GULFPORT ENERGY CORP shareholding of 1,889,636 shares (1.20% of votes) in a periodic institutional filing.
15 Oct 2020director interest notice● Neutral
GULFPORT ENERGY CORP insider Firefly Value Partners, LP sold 6,799,467 shares at $0.41.
13 Oct 2020substantial holder notice● Neutral
Shah Capital Management, Inc, Shah Capital Opportunity Fund LP, Himanshu H. Shah reported a GULFPORT ENERGY CORP shareholding of 12,266,335 shares (7.66% of votes) in a periodic institutional filing.
6 Oct 2020substantial holder notice● Neutral
Shah Capital Management, Inc, Shah Capital Opportunity Fund LP, Himanshu H. Shah disclosed a new substantial GULFPORT ENERGY CORP shareholding (8.43% of votes).
25 Sept 2020listing compliance notice▼ BadMajor
Gulfport's stock again closed below Nasdaq's $1.00 minimum bid requirement for 30 consecutive days, triggering a second deficiency notice - the compliance clock restarting as the company's distress deepened.
10 Aug 2020director interest notice● Neutral
GULFPORT ENERGY CORP SVP of Reservoir Engineering Michael Sluiter had 14,459 shares withheld for taxes on vesting stock.
10 Aug 2020director interest notice● Neutral
GULFPORT ENERGY CORP COO Donnie G Moore had 30,222 shares withheld for taxes on vesting stock.
10 Aug 2020director interest notice● Neutral
GULFPORT ENERGY CORP General Counsel and Corp. Sec. Patrick K. Craine had 17,471 shares withheld for taxes on vesting stock.
7 Aug 2020quarterly activities report▼ Bad
GULFPORT ENERGY CORP reported quarterly revenue of $186.3 million and a net loss of $561.1 million for the period ended 2020-06-30.