Gulfport Energy (GPOR) Investor presentation summary

Strategic and operational highlights

• Expanded core Utica position with 4,700 net undeveloped acres and 16 high-return wet gas locations, supporting over 15 years of net inventory at attractive rates of return.

• Inventory increased by more than 40% since 2022 through targeted acquisitions and Marcellus delineation, now exceeding 700 gross operated locations.

• Marcellus resource viability expanded north, increasing inventory by ~200% and providing >4 years of drillable inventory.

• 2026 development plan includes drilling 18 gross Utica wells, 6 Marcellus wells, and continued high-return, liquids-rich development in SCOOP.

• Diversified firm takeaway capacity enables access to premium markets, including Gulf Coast LNG demand centers.

Financial performance and guidance

• 2Q2026 net production averaged ~963 MMcfe/day, with full-year 2026 guidance of 1.030–1.055 Bcfe/day and liquids production of 18.0–21.0 MBbl/day.

• Adjusted free cash flow for 1H2026 reached $125.4 million, with a >15% increase expected for 2026 versus 2025.

• Capital expenditures for 2026 are guided at ~$430 million, including $395 million for operated D&C and $35 million for maintenance land and seismic.

• Maintained leverage at ~1.0x net debt to adjusted EBITDA, with substantial liquidity of ~$772 million as of June 30, 2026.

• No debt maturities until 2028 and no preferred stock outstanding.

Shareholder returns and capital allocation

• Equity repurchase program authorized up to $1.5 billion, with ~$1.2 billion repurchased as of June 30, 2026, retiring ~8.6 million shares.

• $70 million returned to shareholders in 2Q2026 and ~$243 million in 1H2026 through share repurchases.

• Adjusted free cash flow is prioritized for shareholder returns and strategic inventory expansion, guided by market conditions and leverage targets.

• Five-year cumulative adjusted free cash flow expected to represent a substantial portion of market capitalization, delivering the highest yield among natural gas peers.