Gulfport Energy Corporation · NYSE:GPOR
Gulfport Energy — Q3 2026 Earnings Presentation
22 slides from Gulfport Energy's earnings presentation, Nov 4, 2026
Slide 1: Investor Presentation
Investor Presentation November 2026
Slide 2: Forward-Looking Statements & Non-GAAP Financial Measures
Forward-Looking Statements & Non-GAAP Financial Measures This presentation includes “forward-looking statements” for purposes of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securitie
Slide 3: Gulfport Energy Overview
Gulfport Energy Overview Key Highlights Utica and Marcellus NYSE: GPOR Net Reservoir Acres(5): ~279,000 YE25 Proved Reserves: 3.3 Net Tcfe Market Cap(1): $2.9 Billion 3Q26 Net Production: ~890 MMcfe/day Enterprise Value (‘EV’)(2): $3.9 Billion Liquidity(3): ~$646 Million Leverage(4): ~1.17x 2026E To
Slide 4: Proven Model for Long-Term Shareholder Value Creation
Proven Model for Long-Term Shareholder Value Creation Strengthen Inventory Depth Increase Capital Efficiency Target value-accretive acreage acquisitions Lower costs, shorter cycle times and to enhance durability, create growth levers productivity gains improve returns and long-term value Protect Fin
Slide 5: Third Quarter 2026 Results
Third Quarter 2026 Results 3Q2026 YTD 2026 Key Highlights Total 1.06 1.01 • Grew production ~10% over 2Q2026, led by new liquids-rich Utica pads Net Production Bcfe/day Bcfe/day • Liquids rose ~67% to 23.5 MBbl/day, ~13% of total volumes Total Liquids 23.5 17.6 Net Production MBbl/day MBbl/day • Com
Slide 6: Continuous Program Reduces Idle Time and Improves Returns
Continuous Program Reduces Idle Time and Improves Returns Illustrative Appalachia Drill Schedule Key Highlights 2026E 2027E • Evaluating a continuous two-rig program in Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Appalachia beginning in 2027 • Cont
Slide 7: Continued Expansion of Low Break-Even Inventory
Continued Expansion of Low Break-Even Inventory Key Highlights >40% Increase in Gross Undeveloped Inventory Since 2022(1) • Increased gross undeveloped inventory by more than 40% since Continuously adding high-quality inventory through year-end 2022 through targeted acreage acquisitions and Marcellu
Slide 8: Inventory Expansion Adding High-Quality Resource Depth
Inventory Expansion Adding High-Quality Resource Depth Strategic Acreage Acquisitions Marcellus Delineation Key Highlights Discretionary acreage acquisitions and state land Marcellus development and delineation acquisitions have added >150 net locations(3) capturing significant value, since 2022, wi
Slide 9: Delivering Value For Shareholders
Delivering Value For Shareholders Equity Repurchase Program Equity Repurchases ~$800 million ~$1.2 billion • Established shareholder return framework and equity repurchase program Available under Repurchased as of authorizes purchases up to $2.0 billion authorization September 30, 2026, $2.0 Billion
Slide 10: 2026 Development Plan Overview
2026 Development Plan Overview Utica Key Highlights 4-Well Pad 4-Well Pad Spud: 1Q2026 Spud: 1Q2026 TIL: Late 2Q2026 TIL: 3Q2026 • Significantly extended Utica inventory since year-end 2022 • Discretionary acreage acquisitions have been focused within the core wet gas and dry gas windows of the play
Slide 11: Advantaged Firm Portfolio Provides Access to Diverse Markets
Advantaged Firm Portfolio Provides Access to Diverse Markets • Diversified and right-sized takeaway capacity • 565,000 MMBtu/d(1,3) of firm takeaway from the Utica • 200,000 MMBtu/d(1) of firm takeaway from the SCOOP • Strategic connectivity to premium basin egress pipelines provides netback enhance
Slide 12: Strong Capital Structure and Financial Profile
Strong Capital Structure and Financial Profile Third Quarter 2026 Overview As of September 30, 2026(1) • $2.6 million of cash equivalents $1,100 Cash and Liquidity • ~$646 million of liquidity(1) No Maturities Elected $1,000 Until 2028 Commitment • $419 million borrowings under credit facility Under
Slide 13: Focused on Continuous Improvement and Responsible Stewardship
Focused on Continuous Improvement and Responsible Stewardship Scope 1 Methane Intensity(1) 2025 Highlights 2026 Sustainability Report metric tons CH4 per gross MBOE produced 0.07 10% 2 Basins 0.06 year-over-year 4th consecutive year of MiQ improvement in Scope 1 “A” grade for Appalachia; methane int
Slide 14: Appendix
Gulfport Appendix la
Slide 15: Reaffirm Full Year 2026 Guidance
Reaffirm Full Year 2026 Guidance FY 2026E FY 2026E Production Guidance Incurred Capital Expenditures – $ millions Guidance Net Daily Gas Equivalent – Bcfe/day 1.030 1.055 Operated D&C Capital Expenditures ~$395 Net Daily Liquids Production – MBbls/day 18.0 21.0 Maintenance Land and Seismic ~$35 % Ga
Slide 16: 2025 Proved Reserve Summary
2025 Proved Reserve Summary Net Reserves as of December 31, 2025(1) Gas Oil NGL Total (Bcf) (MMBbls) (MMBbls) (Bcfe) Proved Developed Producing 2,089 8 32 2,329 Proved Developed Non-Producing 68 0 1 75 Proved Undeveloped(2) 1,455 16 50 1,848 Total Proved Reserves 3,612 24 83 4,253 Proved Reserve Com
Slide 17: Hedged Production
Hedged Production Natural Gas, Oil and NGL Hedge Summary(1) Natural Gas Oil Propane Butane Swaps Collars Swaps Collars Swaps Swaps Volume Avg. Price Volume Avg. Put Avg. Call Volume Avg. Price Volume Avg. Put Avg. Call Volume Avg. Price Volume Avg. Price MMBtu/d $/MMBtu MMBtu/d $/MMBtu $/MMBtu Bbl/d
Slide 18: Adjusted EBITDA
Adjusted EBITDA Adjusted EBITDA is a non-GAAP financial measure equal to net income (loss), the most directly comparable GAAP financial measure, plus interest expense, income tax expense (benefit), depreciation, depletion and amortization, impairment and accretion, net non-cash derivative loss (gain
Slide 19: Adjusted Free Cash Flow
Adjusted Free Cash Flow Adjusted free cash flow is a non-GAAP measure defined as adjusted EBITDA plus certain non-cash items that are included in net cash provided by (used in) operating activities but excluded from adjusted EBITDA less interest expense, current income tax expense (benefit), capital
Slide 20: Recurring General and Administrative (G&A) Expense
Recurring General and Administrative (G&A) Expense Recurring general and administrative expense before capitalization is a non-GAAP financial measure equal to general and administrative expense (GAAP) plus capitalized general and administrative expense, less non-recurring general and administrative
Slide 21: Present value of estimated future net revenue (PV-10)
Present value of estimated future net revenue (PV-10) PV – 10 is a non-GAAP measure derived from standardized measure of discounted future net cash flows (GAAP). Management uses PV-10, which is calculated without deducting estimated future income tax expenses, as a measure of the value of the Compan
Slide 22: Thank You.
Thank You. Investor Relations 405.252.4550 [email protected] www.gulfportenergy.com