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): 1.7 Billion 3Q22 Net Production: 615 MMcfe/d YE21 Proved Reserves: 2.7 Net Tcfe Enterprise Value(2): 2.4 Billion Liquidity(3): 416 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…
Focused on Continuous Improvement and ESG Excellence Goal in 2023 to certify Utica natural gas 2021 Methane Intensity(1) 2021 GHG Intensity(2) production under the MiQ standard for methane Environmental emissions measurement and…
Third Quarter 2022 Results Total Incurred Per Unit Free Current Leverage Net Production Capital Expenditures Operating Expense Cash Flow(1,2) (Net Debt(3) to EBITDA(2)) 915 MMcfepd 141 Million 1.44 per Mcfe 11 Million 0.9x…
Returning Capital to Our Shareholders during 2022 Common Share Repurchase Program Key Highlights 233 million Common share repurchase program authorizes purchases up to Repurchased as of 300 million of Gulfport common shares October…
Free Cash Flow Priorities Overview Execute Operational Program Generated 208 million of free cash flow(1) during first nine months of 2022 Maintaining low leverage and exited 3Q2022 at 0.9x 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 450 million, driven by the addition of a Continue to expect full year 2022 production to be in the range of top hole rig in the…
Recent Utica Development Program Key Highlights Limestone Pad (TIL Nov. 2022 Continuing our wider spaced development plan with right sized completion 5 Wells) designs yielding increased EURs per well and lower development costs per…
Utica Economic Performance Improvement Gulfports current development plan continues to deliver more reserves with less capital when compared to prior years Utica Development Cost Utica Well Performance 500 1.20 4.0 1.14 2022 D&C…
Recent SCOOP Development Program Key Highlights Nelda Pad (5 Wells) Current development plan and more efficient well design yielding increased recoveries in the SCOOP ONeal Pad Optimized development and spacing design (2 Wells)…
SCOOP Economic Performance Improvement Gulfports current development plan is delivering more reserves with less capital per molecule when compared to prior years SCOOP Development Cost SCOOP Well Performance 200 2.50 4.0 3.5 2.00…
Strong Capital Structure and Financial Profile Third Quarter 2022 Overview As of September 30, 2022 700 8.3 million of cash equivalents 700 No Significant Cash and Liquidity 416 million of liquidity(1) Maturities 600 Until 2025…
Appendix
Updated 2022 Guidance FY 2022E FY 2022E Guidance Guidance Production PREVIOUS UPDATED Incurred Capital Expenditures PREVIOUS UPDATED D&C - millions 375 405 415 Average Net Daily Gas Equivalent MMcfe/d 975 1,000 975 1,000 Leasehold…
Development Plan Overview 2021 Operated Activity 2022 Operated Development Plan(1) D&C Capital Expenditures 190 Million Operated D&C Capital Expenditures 270 Million Well Count Lateral Length Well Count Lateral Length Spud 20 Gross…
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, the most directly comparable GAAP financial measure, plus interest expense, income tax expense (benefit), depreciation, depletion and amortization 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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