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Gulfport Energy Corp
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February 2026 Investor Presentation
| Michael Moore | Page 3 of 11 |
April 16, 2026
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"February 2026 Investor Presentation"
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GPOR | 3 ~75% ~15% ~10% Utica Marcellus SCOOP 2026E Activity Gulfport Energy Overview 1. Market capitalization calculated as of 2/19/26 at a price of $201.56 per share using shares outstanding from the Company’s 2025 10-K filing. 2. Enterprise value calculated as of 2/19/26 at a price of $201.56 per share using shares outstanding, long-term debt and cash and cash equivalents from the Company’s 2025 10-K financial statements. 3. As of 12/31/25 and calculated as $1.8 million cash plus $804.3 million borrowing base availability, which takes into effect $147.0 million of borrowings on revolver and $48.7 million of letters of credit. 4. As of 12/31/25 using net debt to LTM Adjusted EBITDA. Net debt and Adjusted EBITDA are non-GAAP measures. Net debt is defined as total long-term debt minus cash and cash equivalents. 5. Adjusted free cash flow is a non-GAAP financial measure; see supplemental slides. Adjusted free cash flow excludes discretionary acreage acquisitions and common stock repurchases. Adjusted free cash flow yield is calculated using adjusted free cash flow divided by market capitalization using shares outstanding from the Company’s 2025 10-K filing. 6. Appalachia acreage includes ~223,000 Utica and ~35,000 Marcellus net reservoir acres. SCOOP acreage includes ~44,000 Woodford and ~30,000 Springer net reservoir acres. 7. EBITDA estimate sourced from Factset as of 2/19/26. Utica and Marcellus YE25 Net Reservoir Acres (6) : ~258,000 YE25 Proved Reserves: 3.3 Net Tcfe 4Q25 Net Production: ~915 MMcfe/day SCOOP YE25 Net Reservoir Acres (6) : ~74,000 YE25 Proved Reserves: 0.9 Net T cfe 4Q25 Net Production: ~183 MMcfe/day Key Highlights NYSE: GPOR Market Cap (1) : $3.7 Billion Enterprise Value (‘EV’) (2) : $4.5 Billion EV / 2026 EBITDA (2,7) : 4.8x Liquidity (3) : ~$806 Million Leverage (4) : ~0.9x Operated D&C Capital: $365 – $390 Million Maintenance Land & Seismic Capital: $35 – $40 Million 2026E T otal Operated Capital: $400 – $430 Million 2026E T otal Net Equivalent Production: 1.030 – 1.055 Bcfe/day Expect total net production to increase ~5% in 4Q2026 versus 4Q2025 Top-decile adjusted free cash flow yield (5) relative to natural gas peers Remaining Inventory: >700 gross operated ~15 years of net inventory at attractive rates of return ~85% ~15% Utica / Marcellus SCOOP 2026E Production Mix 2026E Operated D&C Capital