SCHEDULE 13D/A: Silver Point Capital Amends Gulfport Energy Stake, Reports Significant Share Sale and Issuer Repurchase

Sentiment:

Beneficial Ownership Update 15 May 2025 8:12 PM

Silver Point Capital, L.P. and its affiliates have updated their Schedule 13D filing for Gulfport Energy Corporation, disclosing a reduction in their beneficial ownership to 19.0% following a sale of 610,000 shares and an issuer repurchase of 76,986 shares.

Summary

This document is Amendment No. 13 to the Schedule 13D originally filed by Silver Point Capital, L.P., Edward A. Mule, and Robert J. O'Shea (collectively, the "Reporting Persons") regarding their beneficial ownership in Gulfport Energy Corporation.
As of May 13, 2025, the Reporting Persons beneficially own an aggregate of 3,690,252 shares of Gulfport Energy Common Stock, which represents 19.0% of the class.
This beneficial ownership consists of 1,994,323 shares of Common Stock and 1,695,929 shares of Common Stock issuable upon the exercise of 23,743 shares of Preferred Stock.
On May 13, 2025, Silver Point Capital Fund, L.P. and its affiliated funds (collectively, "Silver Point") sold a total of 610,000 shares of Common Stock at a price of $194.84 per share.
Concurrently on May 13, 2025, Gulfport Energy Corporation (the "Issuer") agreed to purchase 76,986 shares of Common Stock from Silver Point at the same price of $194.84 per share.
As of April 30, 2025, there were 17,765,743 shares of Common Stock issued and outstanding, and as of March 30, 2025, there were 32,887 shares of Preferred Stock issued and outstanding.
The Reporting Persons state they have no current plan or proposal that relates to or would result in any transaction, event, or action enumerated in paragraphs (a) through (j) of Item 4 of Schedule 13D, except as described in this amendment.

Sentiment

Score: 5

Explanation: The document reports a significant sale by a major holder, which could be perceived negatively, but also an issuer repurchase, which is generally positive. Overall, it's a factual disclosure of ownership changes without explicit positive or negative commentary on the company's performance or outlook, leading to a neutral sentiment.

Positives

Gulfport Energy Corporation repurchased 76,986 shares of its Common Stock from Silver Point, which can be a positive signal for remaining shareholders by reducing the outstanding share count and potentially increasing earnings per share.

Negatives

Silver Point Capital, a significant beneficial owner, sold a substantial block of 610,000 shares of Common Stock, which could be interpreted as a reduction in their conviction or a portfolio rebalancing.

Future Outlook

The Reporting Persons explicitly state that they do not have any current plan or proposal that relates to or would result in any transaction, event, or action enumerated in paragraphs (a) through (j) of Item 4 of Schedule 13D, except for the transactions already described in this filing (the recent share sale and issuer repurchase).

Industry Context

This filing reflects an institutional investor's adjustment to its equity position in Gulfport Energy Corporation, an oil and gas exploration and production company. It provides insight into a specific portfolio decision rather than broad industry trends or competitive dynamics.

Related Party Transactions

Gulfport Energy Corporation repurchased 76,986 shares of Common Stock from Silver Point, a significant beneficial owner with a 19.0% stake, at a price of $194.84 per share. This transaction involves the company and a major shareholder.

Stakeholder Impact

Shareholders: Silver Point's reduction in stake might be viewed as a change in investment strategy by a major holder. Conversely, the issuer's repurchase of shares could be seen as a positive for remaining shareholders, potentially increasing their proportional ownership and future earnings per share.
Company (Gulfport Energy): The repurchase reduces the number of outstanding shares, which can be accretive to per-share metrics and demonstrates a use of capital.

Key Dates

Date	Description
05/17/2021	Date of Cooperation Agreement and Registration Rights Agreement between Gulfport Energy Corporation and Silver Point Capital, L.P.
05/27/2021	Date of original Schedule 13D filing by the Reporting Persons.
06/10/2021	Date of Amendment No. 1 to Schedule 13D.
06/21/2021	Date of Amendment No. 2 to Schedule 13D.
06/23/2023	Date of Amendment No. 3 to Schedule 13D.
06/28/2023	Date of Amendment No. 4 to Schedule 13D.
09/08/2023	Date of Amendment No. 5 to Schedule 13D.
12/06/2023	Date of Amendment No. 6 to Schedule 13D.
12/13/2023	Date of Amendment No. 7 to Schedule 13D.
03/21/2024	Date of Amendment No. 8 to Schedule 13D.
09/23/2024	Date of Amendment No. 9 to Schedule 13D.
11/25/2024	Date of Amendment No. 10 to Schedule 13D.
12/20/2024	Date of Amendment No. 11 to Schedule 13D.
01/15/2025	Date of Amendment No. 12 to Schedule 13D.
03/30/2025	Date as of which 32,887 shares of Preferred Stock were outstanding, as reported in Issuer's Form 10-Q.
04/30/2025	Date as of which 17,765,743 shares of Common Stock were issued and outstanding, as reported in Issuer's Form 10-Q.
05/07/2025	Date Issuer's Form 10-Q was filed with the SEC.
05/13/2025	Date of event requiring this filing, specifically the sale of 610,000 shares by Silver Point and the repurchase of 76,986 shares by the Issuer.
05/15/2025	Date of Joint Filing Agreement and signatures for this Amendment No. 13.

Recommendation

hold

Keywords

Gulfport Energy Corporation, GPOR, Silver Point Capital, Schedule 13D, beneficial ownership, share sale, share repurchase, common stock, preferred stock, SEC filing, institutional investor

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