Gulfport Energy Announces Final Results and Expiration of Tender Offer for Its 8.0% Senior Notes Due 2026

Gulfport Energy Corporation (NYSE: GPOR) (“Gulfport” or the “Company”) announced today the final results and expiration of the previously announced cash tender offer (the “Tender Offer”) by Gulfport Energy Operating Corporation (“Gulfport Operating”), a wholly owned subsidiary of Gulfport, to purchase any and all of the outstanding 8.0% Senior Notes due 2026 (the “Notes”) of Gulfport Operating. As of 5:00 p.m., New York City time, today, the expiration time for the Tender Offer (the “Expiration Time”), Gulfport Operating had received tenders for an aggregate principal amount of $524,297,331 of the outstanding Notes, or 95.33% of the aggregate principal amount of the Notes outstanding. These amounts exclude $620,500 aggregate principal amount of the Notes that remain subject to the guaranteed delivery procedures described in the Offer to Purchase and the Notice of Guaranteed Delivery (each as defined below).

The Tender Offer was made pursuant to the terms and conditions contained in the Offer to Purchase, dated September 3, 2024 (the “Offer to Purchase”), and the related notice of guaranteed delivery for the Tender Offer (the “Notice of Guaranteed Delivery”).

In accordance with the terms of the Tender Offer, Gulfport Operating will pay the purchase price (the “Purchase Price”) for the Notes validly tendered prior to the Expiration Time or pursuant to the Notice of Guaranteed Delivery on September 13, 2024 (the “Settlement Date”). The Purchase Price to be paid for the Notes is $1,023.35 for each $1,000 principal amount of the Notes validly tendered and accepted for purchase pursuant to the Tender Offer, plus accrued and unpaid interest on the Notes validly tendered and accepted for purchase from the last interest payment date up to, but not including, the Settlement Date. For avoidance of doubt, interest on the Notes will cease to accrue on the Settlement Date for all Notes accepted in the Tender Offer. All Notes purchased on the Settlement Date will subsequently be retired.

If a holder holds Notes in denominations smaller than $1,000 (or holds Notes other than in integral multiples of $1,000), then such holder will receive a prorated amount of the Purchase Price per $1,000 in principal amount of Notes with respect to any Notes validly tendered and accepted for purchase that are held in denominations smaller than $1,000 or held other than in integral multiples of $1,000.