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…
Gulfport Energy Overview Key Highlights Utica NYSE: GPOR 187,000 Net Acres Market Cap(1): 1.8 Billion 2Q22 Net Production: 655 MMcfe/d YE21 Proved Reserves: 2.7 Net Tcfe Enterprise Value(2): 2.5 Billion Liquidity(3): 469 Million…
Executing on Return Focused Business Model Safety of employees, contractors and communities is our highest priority Focus on ESG Excellence Commitment to clean and efficient operations Task force engaged to measurably reduce GHG and…
Second Quarter 2022 Results Total Incurred Lease Free Current Leverage Net Production Capital Expenditures Operating Expense Cash Flow(1,2) (Net Debt(3) to EBITDA(2)) 959 MMcfepd 105 Million 0.16 per Mcfe 80 Million 0.8x…
Returning Capital to Our Shareholders Common Share Repurchase Program Key Highlights 189 million Expanded share repurchase program authorizes purchases up to Repurchased as of 300 million of Gulfport common shares July 28, 2022,…
Free Cash Flow Priorities Overview Execute Operational Program Generated 197 million of free cash flow(1) during first six months of 2022 Maintaining low leverage and exited 2Q2022 at 0.8x Maintain Low Leverage Returning cash to…
Strong Production Performance Year to Date Key Highlights Net Daily Production (MMcfepd) 1,200 Strong production results year to date driven by the continued outperformance of our base production, excellent 1,000 uptime and the…
Updated 2022 Capital Program and Production Outlook Capital Program Production Updated capital program to 425 million(1), primarily driven by Narrowed production guidance range to 975 1,000 MMcfepd, driven by inflationary effects (now…
Recent SCOOP Development Program Key Highlights Nelda Pad (5 Wells) Evaluating continuous rig program for 2023 Current development plan and more efficient well design yielding increased recoveries in the SCOOP ONeal Pad (2 Wells)…
SCOOP Economic Performance Improvement Gulfports current development plan continues to deliver more reserves on less capital per molecule when compared to prior years SCOOP Development Cost SCOOP Well Performance 200 2.50 4.0 3.5…
Strong Capital Structure and Financial Profile Second Quarter 2022 Overview As of June 30, 2022 700 6.6 million of cash equivalents 700 No Significant Cash and Liquidity 469 million of liquidity(1) Maturities 124 million of…
Focused on Continuous Improvement and ESG Excellence Gulfport is committed to: Safety - Conduct all activities in a manner that ensures the safety of the public, our employees and contractors Environmental Stewardship - Operate to…
Appendix
Updated 2022 Guidance FY 2022E FY 2022E Guidance Guidance Production PREVIOUS UPDATED Incurred Capital Expenditures PREVIOUS UPDATED D&C - millions 355 395 375 405 Average Net Daily Gas Equivalent MMcfe/d 975 1,025 975 1,000…
Development Plan Overview 2021 Operated Activity 2022 Operated Development Plan(1) D&C Capital Expenditures 190 Million D&C Capital Expenditures 250 Million(2) Well Count Lateral Length Well Count Lateral Length Spud 20 Gross (18.9…
Advantaged Firm Portfolio Provides Access to Diverse Markets Right-sized and diversified takeaway capacity 725 MDth/d(1,2) of firm takeaway from the Utica 175 MDth/d(1) of firm takeaway from the SCOOP Upstream connectivity provides…
Hedged Production Hedge Book(1) Natural Gas Oil Propane Swaps Collars Calls Sold Swaps Collars Swaps Volume Avg. Price Avg. Put Avg. Call Volume Avg. Call Avg. Price Volume Avg. Put Avg. Call Volume MMBtu/d Volume Bbl/d Volume…
2021 Proved Reserve Summary Net Reserves as of December 31, 2021(1) Well Gas Oil NGL Total PV-10 Count (Bcf) (MMBbls) (MMBbls) (Bcfe) (MM) Proved Developed Producing 1,303 1,928 8 31 2,164 2,655 Proved Developed Non-Producing 1 1 - -…
Adjusted EBITDA Adjusted EBITDA is a non-GAAP financial measure equal to net (loss) income, the most directly comparable GAAP financial measure, plus interest expense, income tax expense (benefit), depreciation, depletion and…
Free Cash Flow 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,…
Recurring General and Administrative (G&A) Expense Recurring general and administrative expense is a non-GAAP financial measure equal to general and administrative expense (GAAP) plus capitalized general and administrative expense, less…
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