Gulfport Energy Overview Key Highlights Utica and Marcellus NYSE: GPOR YE24 Net Reservoir Acres(6): 228,500 Market Cap : (1) 3.4 Billion YE24 Proved Reserves: 3.0 Net Tcfe Enterprise Value (EV)(2): 4.1 Billion 4Q24 Net Production:…
Focused Strategy and Compelling Valuation High Quality Asset Base Multi-basin portfolio provides diversification and capital allocation optionality Capture value accretion in Utica, Marcellus and SCOOP liquids-rich development and…
Delivering Value For Shareholders Common Stock Repurchase Program Common Stock Repurchases 407 million 593 million Common stock repurchase program authorizes purchases up to 1.0 billion Available under Repurchased as of of Gulfport…
Fourth Quarter and Full Year 2024 Results 4Q2024 FY 2024 Full Year 2024 Key Highlights Total 1.06 1.05 Net Production Bcfe/day Bcfe/day Turned-in-line 12 gross Utica dry gas wells, 4 gross Utica condensate wells and 3 gross SCOOP…
Full Year 2025 Guidance Net Liquids Production Total Net Equivalent Production Incurred Total Base Capital 18.0 20.5 MBbl/day 1,040 1,065 MMcfe/day 370 395 Million Expect 30%(1) liquids production growth Forecast flat net daily…
Significant Improvement in Operational Efficiencies Ohio Drilling and Completion Efficiencies Average Total Footage per Day Average Frac Pumping Hours Improved drilling efficiency Improved completion efficiency by 55% since 2022 by…
Efficiency Gains Driving Lower Capital Intensity 2025 Development Program Increasing liquids-rich Utica and Marcellus activity Significantly more efficient capital program per foot invested Net Well Count Total Footage (ft) Operated…
Development Plan Overview 2024 Operated Activity 2025 Operated Activity Average Net Lateral Length Drilled Well Count Lateral Well Count Lateral 17,100 TILs 14,000 Utica Dry Gas 11 gross (10.8 net) 15,800 Utica Dry Gas 10 gross…
2025 Capital Program and Production Outlook Capital Program Production Optimized development program and portfolio allocation expected to Forecast full year 2025 net daily liquids production to increase over 30%(1) drive capital…
2025 Development Plan Overview Utica Key Highlights 4 Well Pad Extended Utica inventory by 2.5 years through discretionary acreage Spud: 2Q2024 TIL: Late 1Q2025 acquisitions largely within the lean condensate area of the play and…
Managed Pressure Program Yielding Higher Recoveries Gulfport Utica Dry Gas Well Performance(1) Key Highlights 1,000 Normalized Cumulative Well Performance per 1,000 of Lateral Enhances productivity by maintaining stimulated reservoir…
Recent Liquids-Rich Development Providing Strong Results Key Highlights Recent Condensate Well Performance Initial Lake VII condensate development continues to Lake VII Pad Daily Production History 10,000 Gross Gas (Mcf/d) /…
Advantaged Firm Portfolio Provides Access to Diverse Markets Diversified and right-sized takeaway capacity 625,000 MMBtu/d(1) of firm takeaway from the Utica 200,000 MMBtu/d(1) of firm takeaway from the SCOOP Strategic connectivity…
Strong Capital Structure and Financial Profile Fourth Quarter 2024 Overview As of December 31, 2024 1,000 1.5 million of cash equivalents 1,000 No Significant Cash and Liquidity Elected 900 million of liquidity(1) 900 Maturities…
Focused on Continuous Improvement and Responsible Stewardship Achieved overall A rating for Appalachia assets from MiQ for For additional information Improved second consecutive year please refer to Gulfports Corporate Sustainability…
Appendix
2024 Proved Reserve Summary Net Reserves as of December 31, 2024(1) Gas Oil NGL Total (Bcf) (MMBbls) (MMBbls) (Bcfe) Proved Developed Producing 1,844 7 29 2,061 Proved Developed Non-Producing 34 0 2 47 Proved Undeveloped(2) 1,478 15…
Full Year 2025 Guidance FY 2025E FY 2025E Production Guidance Incurred Capital Expenditures millions Guidance Net Daily Gas Equivalent MMcfe/day 1,040 1,065 Operated D&C 335 355 Net Daily Liquids Production MBbls/day 18.0 20.5…
Hedged Production Natural Gas, Oil and Propane Hedge Summary(1) Natural Gas Oil Propane Swaps Collars Calls Sold Swaps Swaps Avg. Price Volume Volume MMBtu/d Volume MMBtu/d Avg. Put /MMBtu Avg. Call /MMBtu Volume MMBtu/d Avg. Call…
Recent Utica Well Performance Gulfport Utica Well Productivity Outperforming Peers(1) Top 20 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 20 Performing SCOOP / STACK Wells(1) Normalized Cumulative Production (MMcfe / 1,000 ft of lateral) 12 Month Normalized Production by Well…
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, deferred income tax expense (benefit), depreciation, depletion and…
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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