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 YE22 Net Acres: 188,000 Market Cap : (1) 2.3 Billion YE22 Proved Reserves: 2.9 Net Tcfe 3Q23 Net Production: 812 MMcfe/day Enterprise Value (EV)(2): 3.0 Billion EV / 2024…
Focused Strategy and Compelling Valuation Multi basin portfolio provides diversification and capital allocation optionality High Quality Asset Base Capture value enhancement through Marcellus stacked pay opportunity Natural Gas…
Third Quarter 2023 Results Incurred Adjusted Total Per Unit Current Capital Free Cash Flow(5) Net Operating Leverage Expenditures (excluding discretionary (Net Debt(2) to Production (excluding discretionary Cost(1) acreage…
Delivering Value For Shareholders Common Share Repurchase Program Common Share Repurchases 335 million Common share repurchase program authorizes purchases up to 650 million Repurchased as of of Gulfport outstanding shares October…
Recent Utica Well Performance Gulfport Utica Well Productivity Outperforming Peers(1) Top 15 Performing Utica Wells(1) Normalized Cumulative Production (MMcfe / 1,000 ft of lateral) 12 Month Normalized Production by Well (MMcfe / 1,000…
Recent SCOOP Well Performance Gulfport Oklahoma Well Productivity Outperforming Peers(1) Top 15 Performing SCOOP / STACK Wells(1) Normalized Cumulative Production (MMcfe / 1,000 ft of lateral) 12 Month Normalized Production by Well…
Full Year 2023 Guidance Total Net Production Incurred Base Capital Discretionary Acreage Acquisitions Reaffirmed 1,045 1,055 MMcfe/day Updated Updated 435 - 455 Million 40 Million Prudent single digit production growth…
2023 Capital Program and Production Outlook Capital Program Production Reducing base total capital to 435 million 455 million Raising FY2023 production to be in the range of 1,045 1,055 MMcfe/day Planning discretionary acreage…
Operational Cycle Time Improvements Average Cycle Time(1) (Days) Fully integrated operational planning to minimize Utica SCOOP development risk and increase efficiencies Planning Continuously optimized operational planning to 265…
Utica and Marcellus 2023 Development Plan Key Highlights 5 Well Pad Spud: 4Q2022 TIL: 3Q2023 2 Well Pad Continue to optimize well designs yielding consistent EURs per well Spud: 1Q2023 TIL: 2Q2023 ADDED Utica 2023 turn-in-lines…
SCOOP 2023 Development Plan Key Highlights 2 Well Pad Optimized unit development and well designs yielding increased recoveries Spud: 1Q2023 TIL: 2Q2023 SCOOP 2023 turn-in-lines outperforming with an average EUR above 2.5 Bcfe /…
Strong Capital Structure and Financial Profile Third Quarter 2023 Overview As of September 30, 2023 900 900 8.3 million of cash equivalents No Significant Credit Facility Cash and Liquidity 746.4 million of liquidity(1) 800…
Focused on Continuous Improvement and ESG Excellence Received an A grade MiQ certification for all Appalachia assets For additional information Improved Initiated multi-year program to convert natural-gas driven pneumatic devices…
Appendix
2022 Proved Reserve Summary Net Reserves as of December 31, 2022(1) Gas Oil NGL Total SEC PV-10(2) (Bcf) (MMBbls) (MMBbls) (Bcfe) (MM) Proved Developed Producing 2,017 9 33 2,271 5,747 Proved Developed Non-Producing 17 0 1 24 57…
Full Year 2023 Guidance FY 2023E FY 2023E Guidance Guidance PREVIOUS UPDATED Incurred Capital Expenditures PREVIOUS UPDATED Production millions Average Net Daily Gas Equivalent MMcfe/day 1,000 1,040 1,045 1,055 D&C 375 400 385 395…
Development Plan Overview Utica Marcellus PREVIOUS UPDATED 2023 Operated Activity 2023 Operated Activity 2023 Operated Activity Well Count Lateral Length Well Count Lateral Length Well Count Lateral Length Spud 15 - 17 gross (13…
Hedged Production Hedge Book(1) Natural Gas Oil Propane Swaps Collars Calls Sold Swaps Collars Swaps Volume Avg. Price Volume Avg. Put Avg. Call Volume Avg. Call Avg. Price Volume Avg. Put Avg. Call Volume Avg. Price Volume Bbl/d…
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, deferred income tax benefit, depreciation, depletion and amortization…
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…
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…
Present value of estimated future net revenue (PV-10) PV 10 is a non-GAAP measure derived from standardized measure of discounted future new cash flows (GAAP). Management uses PV-10, which is calculated without deducting estimated future…
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