UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of report (Date of earliest event reported): August 3, 2026
GULFPORT ENERGY CORPORATION
(Exact Name of Registrant as Specified in Charter)
| Delaware | 001-19514 | 86-3684669 | ||
| (State
or other jurisdiction of incorporation) |
(Commission File Number) | (I.R.S.
Employer Identification Number) |
713 Market Drive Oklahoma City, Oklahoma |
73114 | |
| (Address
of principal executive offices) |
(Zip code) |
(405) 252-4600
(Registrant’s telephone number, including area code)
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions:
| ☐ | Written communications pursuant to Rule 425 under the Securities Act |
| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act |
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act |
| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Name of each exchange on which registered | Trading Symbol | ||
| Common stock, par value $0.0001 per share | The New York Stock Exchange | GPOR |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02. Results of Operations and Financial Condition.
On August 3, 2026, Gulfport Energy Corporation (“Gulfport”) issued a press release reporting its financial and operating results for the three months ended June 30, 2026, and provided updates on its financial position, recent inventory additions and the outlook for its discretionary acreage acquisition program. A copy of the press release and supplemental financial information are attached as Exhibit 99.1 and Exhibit 99.2, respectively, to this Current Report on Form 8-K.
Item 7.01. Regulation FD Disclosure.
Also on August 3, 2026, Gulfport posted an updated investor presentation on its website. The presentation may be found on Gulfport’s website at http://www.gulfportenergy.com by selecting “Investors,” “Company Information” and then “Presentations.”
The information in the press release and updated investor presentation is being furnished, not filed, pursuant to Item 2.02 and Item 7.01. Accordingly, the information in the press release and updated investor presentation will not be incorporated by reference into any registration statement filed by Gulfport under the Securities Act of 1933, as amended, unless specifically identified therein as being incorporated therein by reference.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
| Number | Exhibit | |
| 99.1 | Press release dated August 3, 2026 entitled “Gulfport Energy Reports Second Quarter 2026 Financial and Operating Results and Provides Outlook on Discretionary Acreage Opportunities.” | |
| 99.2 | Supplemental Financial Information. | |
| 104 | Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document. |
1
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| GULFPORT ENERGY CORPORATION | ||
| Date: August 3, 2026 | By: | /s/ Michael Hodges |
| Michael Hodges | ||
| Chief Financial Officer | ||
2
Exhibit 99.1
![]() |
| Gulfport Energy Reports Second Quarter 2026 Financial and Operating Results and Provides Outlook on Discretionary Acreage Opportunities |
OKLAHOMA CITY (August 3, 2026) Gulfport Energy Corporation (NYSE: GPOR) (“Gulfport” or the “Company”) today reported financial and operating results for the three months ended June 30, 2026.
Second Quarter 2026
| ● | Reported $87.1 million of net income and $179.1 million of adjusted EBITDA(1) | |
| ● | Generated $149.9 million of net cash provided by operating activities and $6.4 million of adjusted free cash flow(1) | |
| ● | Produced approximately 962.8 MMcfe per day | |
| ● | Incurred $148.6 million of capital expenditures, which includes $141.7 million of operated D&C capital expenditures and $6.9 million of maintenance land and seismic investment | |
| ● | Repurchased approximately 392.2 thousand shares of common stock for approximately $70.0 million during the three months ended June 30, 2026 | |
| ● | Repurchased approximately 1.3 million shares of common stock for approximately $242.8 million during the six months ended June 30, 2026 | |
| ● | Updating full-year base capital expenditure guidance to approximately $430 million, including $35 million for maintenance land and seismic investments |
Recent Inventory Additions and Discretionary Acreage Acquisition Outlook
| ● | Expanded core Utica inventory through the previously announced Ohio state land acquisitions, adding 4,700 net undeveloped acres and approximately 16 net wet gas locations (normalized to 15,000-foot laterals) in the highest-return tier of our development inventory, with operations expected to commence in 2027 | |
| ● | Announcing new discretionary acreage acquisition program, targeting an additional $140 million during the remainder of 2026, including $40.3 million deployed in the second quarter of 2026 | |
| ● | Anticipates this level of investment will add approximately 40 net high-quality, low-breakeven locations that compete favorably for near-term capital within Gulfport’s returns-driven development portfolio | |
| ● | Together with the Ohio state land lease acquisition, these investments are expected to increase total Utica net inventory by more than 20% and extend development runway by more than 2.5 years |
Nick Dell’Osso, Gulfport’s President and CEO, commented, “During the second quarter, we continued to execute on our development plan while taking meaningful steps to enhance the depth of our inventory with the addition of top-tier locations. Through the Ohio state land lease acquisition, we expanded our core Utica position with highly productive, liquids-rich wet gas acreage that represents some of the highest-return opportunities in our portfolio and integrates seamlessly into our near-term development plan. Building on this momentum, our land team continues to identify and negotiate attractive opportunities to expand our leading Ohio natural gas inventory through disciplined, targeted leasing. We expect to allocate approximately $140 million toward additional targeted discretionary acquisitions through year-end 2026, focusing on opportunities that enhance our core position, drive capital-efficient returns and further strengthen the long-term value and durability of our asset base.”
Dell’Osso continued, “Our Utica and Marcellus development programs continue to deliver, highlighted by early results from our latest Marcellus pad that have exceeded expectations. Brought online under disciplined choke management, the pad is achieving stronger oil recoveries than nearby offset wells, supported by longer laterals and improved drilling efficiencies. These advancements are driving enhanced well-level economics and greater capital efficiency. Additionally, with two wet gas Utica pads recently completed near our Ohio state land lease acquisition, we anticipate a meaningful increase in liquids production during the second half of the year, positioning us to capture strong adjusted free cash flow in the current commodity price environment. With a significant portion of our 2026 capital program now complete, we expect full-year base capital expenditures to total approximately $430 million, including $35 million for maintenance land and seismic investments.”
“Looking ahead, our priorities are clear: continue to improve capital efficiency across the business to reduce our breakevens and reinvestment rate, expand our inventory through disciplined and value-accretive acreage additions, preserve balance sheet strength and return excess cash to shareholders. We will continue to evaluate our capital allocation opportunities competitively and seek the optimal balance between strategic inventory expansion and opportunistic share repurchases, with each decision guided by returns, market conditions and our financial position. We remain committed to maintaining a conservative mid-cycle leverage profile and believe we are well positioned to build net asset value and deliver durable, long-term returns for our shareholders,” Dell’Osso concluded.
A company presentation to accompany the Gulfport earnings conference call can be accessed by clicking here.
| 1. | A non-GAAP financial measure. Reconciliations of these non-GAAP measures and other disclosures are provided with the supplemental financial tables available on our website at www.gulfportenergy.com. |
2
Operational Update
The table below summarizes Gulfport’s operated drilling and completion activity for the second quarter of 2026:
| Quarter Ended June 30, 2026 | ||||||||||||
| Gross | Net | Lateral Length | ||||||||||
| Spud | ||||||||||||
| Utica & Marcellus | 7 | 6.7 | 14,500 | |||||||||
| SCOOP | — | — | — | |||||||||
| Drilled | ||||||||||||
| Utica & Marcellus | 10 | 9.8 | 17,300 | |||||||||
| SCOOP | — | — | — | |||||||||
| Completed | ||||||||||||
| Utica & Marcellus | 12 | 11.9 | 18,200 | |||||||||
| SCOOP | 2 | 1.6 | 9,200 | |||||||||
| Turned-to-Sales | ||||||||||||
| Utica & Marcellus | 8 | 7.9 | 17,800 | |||||||||
| SCOOP | 2 | 1.6 | 9,200 | |||||||||
Gulfport’s net daily production for the second quarter of 2026 averaged 962.8 MMcfe per day, primarily consisting of 800.0 MMcfe per day in the Utica/Marcellus and 162.8 MMcfe per day in the SCOOP. For the second quarter of 2026, Gulfport’s net daily production mix was comprised of approximately 91% natural gas, 6% natural gas liquids (“NGL”) and 3% oil and condensate.
| Three Months Ended June 30, 2026 | Three Months Ended June 30, 2025 | |||||||
| Production | ||||||||
| Natural gas (Mcf/day) | 878,358 | 891,359 | ||||||
| Oil and condensate (Bbl/day) | 4,203 | 7,843 | ||||||
| NGL (Bbl/day) | 9,862 | 11,313 | ||||||
| Total (Mcfe/day) | 962,753 | 1,006,299 | ||||||
| Average Prices | ||||||||
| Natural Gas: | ||||||||
| Average price without the impact of derivatives ($/Mcf) | $ | 2.48 | $ | 2.97 | ||||
| Impact from settled derivatives ($/Mcf) | $ | 0.52 | $ | 0.22 | ||||
| Average price, including settled derivatives ($/Mcf) | $ | 3.00 | $ | 3.19 | ||||
| Oil and condensate: | ||||||||
| Average price without the impact of derivatives ($/Bbl) | $ | 85.86 | $ | 58.20 | ||||
| Impact from settled derivatives ($/Bbl) | $ | (13.50 | ) | $ | 3.38 | |||
| Average price, including settled derivatives ($/Bbl) | $ | 72.36 | $ | 61.58 | ||||
| NGL: | ||||||||
| Average price without the impact of derivatives ($/Bbl) | $ | 33.94 | $ | 27.91 | ||||
| Impact from settled derivatives ($/Bbl) | $ | (0.64 | ) | $ | (0.26 | ) | ||
| Average price, including settled derivatives ($/Bbl) | $ | 33.30 | $ | 27.65 | ||||
| Total: | ||||||||
| Average price without the impact of derivatives ($/Mcfe) | $ | 2.99 | $ | 3.40 | ||||
| Impact from settled derivatives ($/Mcfe) | $ | 0.40 | $ | 0.21 | ||||
| Average price, including settled derivatives ($/Mcfe) | $ | 3.39 | $ | 3.61 | ||||
| Selected operating metrics | ||||||||
| Lease operating expenses ($/Mcfe) | $ | 0.23 | $ | 0.19 | ||||
| Taxes other than income ($/Mcfe) | $ | 0.08 | $ | 0.08 | ||||
| Transportation, gathering, processing and compression expense ($/Mcfe) | $ | 0.97 | $ | 0.94 | ||||
| Recurring cash general and administrative expenses ($/Mcfe) (non-GAAP) | $ | 0.13 | $ | 0.13 | ||||
| Interest expenses ($/Mcfe) | $ | 0.18 | $ | 0.15 | ||||
3
Capital Investment
Capital investment was $148.6 million (on an incurred basis) for the second quarter of 2026, of which $141.7 million related to operated drilling and completion activity and $6.9 million related to maintenance land and seismic investment. Gulfport also invested approximately $40.3 million in discretionary acreage acquisitions and incurred approximately $0.6 million related to non-operated drilling and completion activities.
For the six-month period ended June 30, 2026, capital investment was $270.4 million (on an incurred basis), of which $259.6 million related to operated drilling and completion activity and $10.8 million related to maintenance land and seismic investment. Gulfport also invested approximately $79.7 million in discretionary acreage acquisitions and incurred approximately $0.7 million related to non-operated drilling and completion activities. Discretionary acreage acquisition expenditures included $39.5 million associated with the completion of the prior year’s program and $40.3 million associated with the 2026 discretionary acreage acquisition program that is targeting $140 million of acreage acquisitions through the end of the year.
Common Stock Repurchase Program
Gulfport repurchased approximately 392.2 thousand shares of common stock during the second quarter of 2026, totaling approximately $70.0 million. As of June 30, 2026, the Company had repurchased approximately 8.6 million shares of common stock (including the underlying shares of common stock into which the preferred stock was convertible) at a weighted-average share price of $135.09 since the program initiated in March 2022, totaling approximately $1.2 billion in aggregate. As of June 30, 2026, the Company had approximately $336.8 million of remaining capacity under the share repurchase program.
Financial Position and Liquidity
As of June 30, 2026, Gulfport had approximately $1.1 million of cash and cash equivalents, $280.0 million of borrowings under its revolving credit facility, $48.7 million of letters of credit outstanding and $650.0 million of outstanding 2029 senior notes.
Gulfport’s liquidity at June 30, 2026, totaled approximately $772.4 million, comprised of the $1.1 million of cash and cash equivalents and approximately $771.3 million of available borrowing capacity under its credit facility.
Derivatives
Gulfport enters into commodity derivative contracts on a portion of its expected future production volumes to mitigate the Company’s exposure to commodity price fluctuations. For details, please refer to the “Derivatives” section provided with the supplemental financial tables available on our website at ir.gulfportenergy.com.
Leadership Transition
On July 31, 2026, Michael Hodges, Gulfport’s Executive Vice President, Chief Financial Officer notified Gulfport of his decision to resign from his roles at the Company to devote more time to his family effective August 5, 2026. To ensure a smooth transition, Mr. Hodges has agreed to serve in an advisory capacity until September 1, 2026. The Company has retained a nationally recognized search firm to identify a permanent successor.
Mr. Hodges’ resignation is not the result of any disagreement with the Company relating to its operations, policies, practices, or financial reporting.
Second Quarter 2026 Conference Call
Gulfport will host a teleconference and webcast to discuss its second quarter of 2026 results beginning at 10:00 a.m. ET (9:00 a.m. CT) on Tuesday, August 4, 2026.
The conference call can be heard live through a link on the Gulfport website, www.gulfportenergy.com. In addition, you may participate in the conference call by dialing 866-373-3408 domestically or 412-902-1039 internationally. A replay of the conference call will be available on the Gulfport website and a telephone audio replay will be available from August 4, 2026 to August 18, 2026, by calling 877-660-6853 domestically or 201-612-7415 internationally and then entering the replay passcode 13761877.
Financial Statements and Guidance Documents
Second quarter of 2026 earnings results and supplemental information regarding quarterly data such as production volumes, pricing, financial statements and non-GAAP reconciliations are available on our website at ir.gulfportenergy.com.
4
Non-GAAP Disclosures
This press release includes non-GAAP financial measures. Such non-GAAP measures should not be considered as an alternative to GAAP measures. Reconciliations of these non-GAAP measures and other disclosures are provided with the supplemental financial tables available on our website at ir.gulfportenergy.com.
About Gulfport
Gulfport is an independent natural gas-weighted exploration and production company focused on the exploration, acquisition and production of natural gas, crude oil and NGL in the United States with primary focus in the Appalachia and Anadarko basins. Our principal properties are located in eastern Ohio targeting the Utica and Marcellus formations and in central Oklahoma targeting the SCOOP Woodford and SCOOP Springer formations.
Forward-Looking Statements
This press release includes “forward-looking statements” for purposes of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. In some cases, you can identify forward-looking statements by terms such as “may,” “will,” “should,” “could,” “would,” “expects,” “plans,” “anticipates,” “intends,” “believes,” “estimates,” “projects,” “predicts,” “potential” and similar expressions intended to identify forward-looking statements. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that we expect or anticipate will or may occur in the future, including the expected impact of U.S. trade policy and its impact on broader economic conditions, the war in Ukraine, the conflicts in Iran, the disruptions in the Strait of Hormuz and the broader geopolitical tension in the Middle East on our business, industry and the global economy, estimated future production and net revenues from oil and gas reserves and the present value thereof, future capital expenditures (including the amount and nature thereof), share repurchases, business strategy and measures to implement strategy, competitive strength, goals, expansion and growth of our business and operations, plans, references to future success, reference to intentions as to future matters and other such matters are forward-looking statements. Gulfport believes the expectations and forecasts reflected in the forward-looking statements are reasonable, Gulfport can give no assurance they will prove to have been correct. They can be affected by inaccurate or changed assumptions or by known or unknown risks and uncertainties. Important risks, assumptions and other important factors that could cause future results to differ materially from those expressed in the forward-looking statements are described under “Risk Factors” in Item 1A of Gulfport’s annual report on Form 10-K for the year ended December 31, 2025 and any updates to those factors set forth in Gulfport’s subsequent quarterly reports on Form 10-Q or current reports on Form 8-K (available at https://www.gulfportenergy.com/investors/sec-filings). Gulfport undertakes no obligation to release publicly any revisions to any forward-looking statements, to report events or to report the occurrence of unanticipated events.
Investors should note that Gulfport announces financial information in SEC filings, press releases and public conference calls. Gulfport may use the Investors section of its website (www.gulfportenergy.com) to communicate with investors. It is possible that the financial and other information posted there could be deemed to be material information. The information on Gulfport’s website is not part of this filing.
Investor Contact:
Jessica Antle – Vice President, Investor Relations
jantle@gulfportenergy.com
405-252-4550
5
Exhibit 99.2

Three months and six months ended June 30, 2026
Supplemental Information of Gulfport Energy
| Table of Contents: | Page: | |
| Production Volumes by Asset Area | 2 | |
| Production and Pricing | 4 | |
| Consolidated Statements of Income | 6 | |
| Consolidated Balance Sheets | 8 | |
| Consolidated Statement of Cash Flows | 10 | |
| 2026E Guidance | 12 | |
| Derivatives | 13 | |
| Non-GAAP Reconciliations | 14 | |
| Definitions | 15 | |
| Adjusted Net Income | 16 | |
| Adjusted EBITDA | 18 | |
| Adjusted Free Cash Flow | 20 | |
| Recurring General and Administrative Expenses | 22 |

Production Volumes by Asset Area: Three months ended June 30, 2026
Production Volumes
| Three Months Ended June 30, 2026 | Three Months Ended June 30, 2025 | |||||||
| Natural gas (Mcf/day) | ||||||||
| Utica & Marcellus | 755,485 | 736,420 | ||||||
| SCOOP | 122,873 | 154,939 | ||||||
| Total | 878,358 | 891,359 | ||||||
| Oil and condensate (Bbl/day) | ||||||||
| Utica & Marcellus | 3,080 | 6,135 | ||||||
| SCOOP | 1,123 | 1,708 | ||||||
| Total | 4,203 | 7,843 | ||||||
| NGL (Bbl/day) | ||||||||
| Utica & Marcellus | 4,331 | 4,555 | ||||||
| SCOOP | 5,531 | 6,759 | ||||||
| Total | 9,862 | 11,313 | ||||||
| Combined (Mcfe/day) | ||||||||
| Utica & Marcellus | 799,955 | 800,557 | ||||||
| SCOOP | 162,798 | 205,742 | ||||||
| Total | 962,753 | 1,006,299 | ||||||
Totals may not sum or recalculate due to rounding.
Page 2

Production Volumes by Asset Area: Six months ended June 30, 2026
Production Volumes
| Six Months Ended June 30, 2026 | Six Months Ended June 30, 2025 | |||||||
| Natural gas (Mcf/day) | ||||||||
| Utica & Marcellus | 769,093 | 711,829 | ||||||
| SCOOP | 122,896 | 152,907 | ||||||
| Total | 891,988 | 864,735 | ||||||
| Oil and condensate (Bbl/day) | ||||||||
| Utica & Marcellus | 2,808 | 5,005 | ||||||
| SCOOP | 1,164 | 1,565 | ||||||
| Total | 3,972 | 6,570 | ||||||
| NGL (Bbl/day) | ||||||||
| Utica & Marcellus | 5,075 | 4,028 | ||||||
| SCOOP | 5,568 | 6,614 | ||||||
| Total | 10,643 | 10,641 | ||||||
| Combined (Mcfe/day) | ||||||||
| Utica & Marcellus | 816,391 | 766,023 | ||||||
| SCOOP | 163,284 | 201,979 | ||||||
| Total | 979,675 | 968,002 | ||||||
Totals may not sum or recalculate due to rounding.
Page 3

Production and Pricing: Three months ended June 30, 2026
The following table summarizes production and related pricing for the three months ended June 30, 2026, as compared to such data for the three months ended June 30, 2025:
| Three Months Ended June 30, 2026 | Three Months Ended June 30, 2025 | |||||||
| Natural gas sales | ||||||||
| Natural gas production volumes (MMcf) | 79,931 | 81,114 | ||||||
| Natural gas production volumes (MMcf) per day | 878 | 891 | ||||||
| Total sales | $ | 198,253 | $ | 241,236 | ||||
| Average price without the impact of derivatives ($/Mcf) | $ | 2.48 | $ | 2.97 | ||||
| Impact from settled derivatives ($/Mcf) | $ | 0.52 | $ | 0.22 | ||||
| Average price, including settled derivatives ($/Mcf) | $ | 3.00 | $ | 3.19 | ||||
| Oil and condensate sales | ||||||||
| Oil and condensate production volumes (MBbl) | 382 | 714 | ||||||
| Oil and condensate production volumes (MBbl) per day | 4 | 8 | ||||||
| Total sales | $ | 32,841 | $ | 41,543 | ||||
| Average price without the impact of derivatives ($/Bbl) | $ | 85.86 | $ | 58.20 | ||||
| Impact from settled derivatives ($/Bbl) | $ | (13.50 | ) | $ | 3.38 | |||
| Average price, including settled derivatives ($/Bbl) | $ | 72.36 | $ | 61.58 | ||||
| NGL sales | ||||||||
| NGL production volumes (MBbl) | 897 | 1,030 | ||||||
| NGL production volumes (MBbl) per day | 10 | 11 | ||||||
| Total sales | $ | 30,459 | $ | 28,736 | ||||
| Average price without the impact of derivatives ($/Bbl) | $ | 33.94 | $ | 27.91 | ||||
| Impact from settled derivatives ($/Bbl) | $ | (0.64 | ) | $ | (0.26 | ) | ||
| Average price, including settled derivatives ($/Bbl) | $ | 33.30 | $ | 27.65 | ||||
| Natural gas, oil and condensate and NGL sales | ||||||||
| Natural gas equivalents (MMcfe) | 87,610 | 91,573 | ||||||
| Natural gas equivalents (MMcfe) per day | 963 | 1,006 | ||||||
| Total sales | $ | 261,553 | $ | 311,515 | ||||
| Average price without the impact of derivatives ($/Mcfe) | $ | 2.99 | $ | 3.40 | ||||
| Impact from settled derivatives ($/Mcfe) | $ | 0.40 | $ | 0.21 | ||||
| Average price, including settled derivatives ($/Mcfe) | $ | 3.39 | $ | 3.61 | ||||
| Production Costs: | ||||||||
| Average lease operating expenses ($/Mcfe) | $ | 0.23 | $ | 0.19 | ||||
| Average taxes other than income ($/Mcfe) | $ | 0.08 | $ | 0.08 | ||||
| Average transportation, gathering, processing and compression ($/Mcfe) | $ | 0.97 | $ | 0.94 | ||||
| Total lease operating expenses, taxes other than income and midstream costs ($/Mcfe) | $ | 1.28 | $ | 1.22 | ||||
Totals may not sum or recalculate due to rounding.
Page 4

Production and Pricing: Six months ended June 30, 2026
The following table summarizes production and related pricing for the six months ended June 30, 2026, as compared to such data for the six months ended June 30, 2025:
| Six Months Ended June 30, 2026 | Six Months Ended June 30, 2025 | |||||||
| Natural gas sales | ||||||||
| Natural gas production volumes (MMcf) | 161,450 | 156,517 | ||||||
| Natural gas production volumes (MMcf) per day | 892 | 865 | ||||||
| Total sales | $ | 597,783 | $ | 522,742 | ||||
| Average price without the impact of derivatives ($/Mcf) | $ | 3.70 | $ | 3.34 | ||||
| Impact from settled derivatives ($/Mcf) | $ | (0.09 | ) | $ | 0.05 | |||
| Average price, including settled derivatives ($/Mcf) | $ | 3.61 | $ | 3.39 | ||||
| Oil and condensate sales | ||||||||
| Oil and condensate production volumes (MBbl) | 719 | 1,189 | ||||||
| Oil and condensate production volumes (MBbl) per day | 4 | 7 | ||||||
| Total sales | $ | 55,179 | $ | 72,802 | ||||
| Average price without the impact of derivatives ($/Bbl) | $ | 76.76 | $ | 61.22 | ||||
| Impact from settled derivatives ($/Bbl) | $ | (9.43 | ) | $ | 2.46 | |||
| Average price, including settled derivatives ($/Bbl) | $ | 67.33 | $ | 63.68 | ||||
| NGL sales | ||||||||
| NGL production volumes (MBbl) | 1,926 | 1,926 | ||||||
| NGL production volumes (MBbl) per day | 11 | 11 | ||||||
| Total sales | $ | 61,936 | $ | 59,553 | ||||
| Average price without the impact of derivatives ($/Bbl) | $ | 32.15 | $ | 30.92 | ||||
| Impact from settled derivatives ($/Bbl) | $ | 0.10 | $ | (0.85 | ) | |||
| Average price, including settled derivatives ($/Bbl) | $ | 32.25 | $ | 30.07 | ||||
| Natural gas, oil and condensate and NGL sales | ||||||||
| Natural gas equivalents (MMcfe) | 177,321 | 175,208 | ||||||
| Natural gas equivalents (MMcfe) per day | 980 | 968 | ||||||
| Total sales | $ | 714,898 | $ | 655,097 | ||||
| Average price without the impact of derivatives ($/Mcfe) | $ | 4.03 | $ | 3.74 | ||||
| Impact from settled derivatives ($/Mcfe) | $ | (0.12 | ) | $ | 0.05 | |||
| Average price, including settled derivatives ($/Mcfe) | $ | 3.91 | $ | 3.79 | ||||
| Production Costs: | ||||||||
| Average lease operating expenses ($/Mcfe) | $ | 0.25 | $ | 0.22 | ||||
| Average taxes other than income ($/Mcfe) | $ | 0.09 | $ | 0.08 | ||||
| Average transportation, gathering, processing and compression ($/Mcfe) | $ | 0.99 | $ | 0.97 | ||||
| Total lease operating expenses, taxes other than income and midstream costs ($/Mcfe) | $ | 1.33 | $ | 1.26 | ||||
Totals may not sum or recalculate due to rounding.
Page 5

Consolidated Statements of Income: Three months ended June 30, 2026
(In thousands, except per share data)
(Unaudited)
| Three Months Ended June 30, 2026 | Three Months Ended June 30, 2025 | |||||||
| REVENUES: | ||||||||
| Natural gas sales | $ | 198,253 | $ | 241,236 | ||||
| Oil and condensate sales | 32,841 | 41,543 | ||||||
| Natural gas liquid sales | 30,459 | 28,736 | ||||||
| Net gain on natural gas, oil and NGL derivatives | 61,675 | 136,101 | ||||||
| Total revenues | 323,228 | 447,616 | ||||||
| OPERATING EXPENSES: | ||||||||
| Lease operating expenses | 19,831 | 17,628 | ||||||
| Taxes other than income | 7,374 | 7,556 | ||||||
| Transportation, gathering, processing and compression | 84,626 | 86,508 | ||||||
| Depreciation, depletion and amortization | 73,053 | 73,643 | ||||||
| General and administrative expenses | 10,661 | 10,926 | ||||||
| Accretion expense | 618 | 587 | ||||||
| Total operating expenses | 196,163 | 196,848 | ||||||
| INCOME FROM OPERATIONS | 127,065 | 250,768 | ||||||
| OTHER EXPENSE: | ||||||||
| Interest expense | 15,792 | 13,731 | ||||||
| Other, net | 155 | 901 | ||||||
| Total other expense | 15,947 | 14,632 | ||||||
| INCOME BEFORE INCOME TAXES | 111,118 | 236,136 | ||||||
| INCOME TAX (BENEFIT) EXPENSE: | ||||||||
| Current | (244 | ) | 274 | |||||
| Deferred | 24,260 | 51,396 | ||||||
| Total income tax expense | 24,016 | 51,670 | ||||||
| NET INCOME | $ | 87,102 | $ | 184,466 | ||||
| Dividends on preferred stock | — | (804 | ) | |||||
| Participating securities - preferred stock | — | (20,622 | ) | |||||
| NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS | $ | 87,102 | $ | 163,040 | ||||
| NET INCOME PER COMMON SHARE: | ||||||||
| Basic | $ | 4.87 | $ | 9.21 | ||||
| Diluted | $ | 4.85 | $ | 9.12 | ||||
| Weighted average common shares outstanding—Basic | 17,895 | 17,707 | ||||||
| Weighted average common shares outstanding—Diluted | 17,945 | 17,907 | ||||||
Page 6

Consolidated Statements of Income: Six months ended June 30, 2026
(In thousands, except per share data)
(Unaudited)
| Six Months Ended June 30, 2026 | Six Months Ended June 30, 2025 | |||||||
| REVENUES: | ||||||||
| Natural gas sales | $ | 597,783 | $ | 522,742 | ||||
| Oil and condensate sales | 55,179 | 72,802 | ||||||
| Natural gas liquid sales | 61,936 | 59,553 | ||||||
| Net gain (loss) on natural gas, oil and NGL derivatives | 45,862 | (10,447 | ) | |||||
| Total revenues | 760,760 | 644,650 | ||||||
| OPERATING EXPENSES: | ||||||||
| Lease operating expenses | 44,287 | 37,911 | ||||||
| Taxes other than income | 16,558 | 14,182 | ||||||
| Transportation, gathering, processing and compression | 175,193 | 169,378 | ||||||
| Depreciation, depletion and amortization | 148,483 | 139,265 | ||||||
| General and administrative expenses | 20,369 | 19,927 | ||||||
| Accretion expense | 1,216 | 1,205 | ||||||
| Total operating expenses | 406,106 | 381,868 | ||||||
| INCOME FROM OPERATIONS | 354,654 | 262,782 | ||||||
| OTHER EXPENSE: | ||||||||
| Interest expense | 31,178 | 27,087 | ||||||
| Other, net | 1,853 | 199 | ||||||
| Total other expense | 33,031 | 27,286 | ||||||
| INCOME BEFORE INCOME TAXES | 321,623 | 235,496 | ||||||
| INCOME TAX EXPENSE: | ||||||||
| Current | 826 | 105 | ||||||
| Deferred | 67,873 | 51,389 | ||||||
| Total income tax expense | 68,699 | 51,494 | ||||||
| NET INCOME | $ | 252,924 | $ | 184,002 | ||||
| Dividends on preferred stock | — | (1,666 | ) | |||||
| Participating securities - preferred stock | — | (20,385 | ) | |||||
| NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS | $ | 252,924 | $ | 161,951 | ||||
| NET INCOME PER COMMON SHARE: | ||||||||
| Basic | $ | 13.88 | $ | 9.10 | ||||
| Diluted | $ | 13.82 | $ | 9.01 | ||||
| Weighted average common shares outstanding—Basic | 18,222 | 17,793 | ||||||
| Weighted average common shares outstanding—Diluted | 18,306 | 18,009 | ||||||
Page 7

Consolidated Balance Sheets
(In thousands)
| June 30, 2026 | December 31, 2025 | |||||||
| (Unaudited) | ||||||||
| Assets | ||||||||
| Current assets: | ||||||||
| Cash and cash equivalents | $ | 1,054 | $ | 1,813 | ||||
| Accounts receivable—oil, natural gas, and natural gas liquids sales | 114,376 | 184,649 | ||||||
| Accounts receivable—joint interest and other | 13,643 | 9,282 | ||||||
| Prepaid expenses and other current assets | 9,566 | 7,952 | ||||||
| Short-term derivative instruments | 82,220 | 45,155 | ||||||
| Total current assets | 220,859 | 248,851 | ||||||
| Property and equipment: | ||||||||
| Oil and natural gas properties, full-cost method | ||||||||
| Proved oil and natural gas properties | 4,217,986 | 3,902,539 | ||||||
| Unproved properties | 286,051 | 232,959 | ||||||
| Other property and equipment | 14,136 | 13,008 | ||||||
| Total property and equipment | 4,518,173 | 4,148,506 | ||||||
| Less: accumulated depletion, depreciation and amortization | (2,016,730 | ) | (1,868,481 | ) | ||||
| Total property and equipment, net | 2,501,443 | 2,280,025 | ||||||
| Other assets: | ||||||||
| Long-term derivative instruments | 34,119 | 15,303 | ||||||
| Deferred tax asset | 397,865 | 465,738 | ||||||
| Operating lease assets | 153 | 561 | ||||||
| Other assets | 16,575 | 19,062 | ||||||
| Total other assets | 448,712 | 500,664 | ||||||
| Total assets | $ | 3,171,014 | $ | 3,029,540 | ||||
Page 8

Consolidated Balance Sheets
(In thousands, except share data)
| June 30, 2026 | December 31, 2025 | |||||||
| (Unaudited) | ||||||||
| Liabilities and Stockholders’ Equity | ||||||||
| Current liabilities: | ||||||||
| Accounts payable and accrued liabilities | $ | 367,021 | $ | 342,382 | ||||
| Short-term derivative instruments | 16,073 | 21,865 | ||||||
| Current portion of operating lease liabilities | 148 | 550 | ||||||
| Total current liabilities | 383,242 | 364,797 | ||||||
| Non-current liabilities: | ||||||||
| Long-term derivative instruments | 3,810 | 8,916 | ||||||
| Asset retirement obligation | 34,426 | 32,912 | ||||||
| Non-current operating lease liabilities | 5 | 10 | ||||||
| Long-term debt | 922,257 | 788,187 | ||||||
| Total non-current liabilities | 960,498 | 830,025 | ||||||
| Total liabilities | $ | 1,343,740 | $ | 1,194,822 | ||||
| Commitments and contingencies (Note 9) | ||||||||
| Stockholders’ equity: | ||||||||
| Common stock - $0.0001 par value, 42.0 million shares authorized, 17.7 million issued and outstanding at June 30, 2026, and 18.8 million issued and outstanding at December 31, 2025 | 2 | 2 | ||||||
| Additional paid-in capital | — | — | ||||||
| Retained earnings | 1,827,704 | 1,834,716 | ||||||
| Treasury stock, at cost - 2.5 thousand shares at June 30, 2026 and 0 shares at December 31, 2025 | (432 | ) | — | |||||
| Total stockholders’ equity | $ | 1,827,274 | $ | 1,834,718 | ||||
| Total liabilities and stockholders’ equity | $ | 3,171,014 | $ | 3,029,540 | ||||
Page 9
Consolidated Statement of Cash Flows: Three months ended June 30, 2026
(In thousands)
(Unaudited)
| Three Months Ended June 30, 2026 | Three Months Ended June 30, 2025 | |||||||
| Cash flows from operating activities: | ||||||||
| Net income | $ | 87,102 | $ | 184,466 | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||
| Depletion, depreciation and amortization | 73,053 | 73,643 | ||||||
| Net gain on derivative instruments | (61,675 | ) | (136,101 | ) | ||||
| Net cash receipts on settled derivative instruments | 35,837 | 19,440 | ||||||
| Deferred income tax expense | 24,260 | 51,396 | ||||||
| Stock-based compensation expense | 2,692 | 3,263 | ||||||
| Other, net | 1,850 | 2,059 | ||||||
| Changes in operating assets and liabilities, net | (13,190 | ) | 33,237 | |||||
| Net cash provided by operating activities | 149,929 | 231,403 | ||||||
| Cash flows from investing activities: | ||||||||
| Additions to oil and natural gas properties | (174,954 | ) | (144,769 | ) | ||||
| Other, net | (596 | ) | (419 | ) | ||||
| Net cash used in investing activities | (175,550 | ) | (145,188 | ) | ||||
| Cash flows from financing activities: | ||||||||
| Principal payments on Credit Facility | (259,000 | ) | (286,000 | ) | ||||
| Borrowings on Credit Facility | 357,000 | 306,000 | ||||||
| Early retirement of 2026 Senior Notes | — | (25,702 | ) | |||||
| Dividends on preferred stock | — | (804 | ) | |||||
| Repurchase of common stock under Repurchase Program | (72,591 | ) | (51,691 | ) | ||||
| Repurchase of common stock under Repurchase Program - related party | — | (15,000 | ) | |||||
| Net cash payments on performance vesting restricted stock units | — | (12,297 | ) | |||||
| Shares exchanged for tax withholdings | (935 | ) | (2,266 | ) | ||||
| Other, net | (720 | ) | (3 | ) | ||||
| Net cash provided by (used in) financing activities | 23,754 | (87,763 | ) | |||||
| Net change in cash and cash equivalents | (1,867 | ) | (1,548 | ) | ||||
| Cash and cash equivalents at beginning of period | 2,921 | 5,342 | ||||||
| Cash and cash equivalents at end of period | $ | 1,054 | $ | 3,794 | ||||
Page 10

Consolidated Statement of Cash Flows: Six months ended June 30, 2026
(In thousands)
(Unaudited)
| Six Months Ended June 30, 2026 | Six Months Ended June 30, 2025 | |||||||
| Cash flows from operating activities: | ||||||||
| Net income | $ | 252,924 | $ | 184,002 | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||
| Depletion, depreciation and amortization | 148,483 | 139,265 | ||||||
| Net (gain) loss on derivative instruments | (45,862 | ) | 10,447 | |||||
| Net cash (payments) receipts on settled derivative instruments | (20,917 | ) | 9,550 | |||||
| Deferred income tax expense | 67,873 | 51,389 | ||||||
| Stock-based compensation expense | 2,888 | 6,303 | ||||||
| Other, net | 3,814 | 3,850 | ||||||
| Changes in operating assets and liabilities, net | 33,644 | 3,877 | ||||||
| Net cash provided by operating activities | 442,847 | 408,683 | ||||||
| Cash flows from investing activities: | ||||||||
| Additions to oil and natural gas properties | (312,787 | ) | (253,000 | ) | ||||
| Other, net | (1,177 | ) | (965 | ) | ||||
| Net cash used in investing activities | (313,964 | ) | (253,965 | ) | ||||
| Cash flows from financing activities: | ||||||||
| Principal payments on Credit Facility | (799,000 | ) | (414,000 | ) | ||||
| Borrowings on Credit Facility | 932,000 | 431,000 | ||||||
| Early retirement of 2026 Senior Notes | — | (25,702 | ) | |||||
| Dividends on preferred stock | — | (1,666 | ) | |||||
| Repurchase of common stock under Repurchase Program | (225,104 | ) | (109,500 | ) | ||||
| Repurchase of common stock under Repurchase Program - related party | (17,239 | ) | (15,000 | ) | ||||
| Net cash payments on performance vesting restricted stock units | — | (12,297 | ) | |||||
| Shares exchanged for tax withholdings | (19,579 | ) | (5,228 | ) | ||||
| Other, net | (720 | ) | (4 | ) | ||||
| Net cash used in financing activities | (129,642 | ) | (152,397 | ) | ||||
| Net change in cash and cash equivalents | (759 | ) | 2,321 | |||||
| Cash and cash equivalents at beginning of period | 1,813 | 1,473 | ||||||
| Cash and cash equivalents at end of period | $ | 1,054 | $ | 3,794 | ||||
Page 11

2026E Guidance
Gulfport’s 2026 guidance assumes commodity strip prices as of July 15, 2026, adjusted for applicable commodity and location differentials, and no property acquisitions or divestitures.
| Year Ending | ||||||||
| December 31, 2026 | ||||||||
| Low | High | |||||||
| Production | ||||||||
| Average daily gas equivalent (Bcfe/day) | 1.030 | 1.055 | ||||||
| Average daily liquids production (MBbl/day) | 18.0 | 21.0 | ||||||
| % Gas | ~89% | |||||||
| Realizations (before hedges) | ||||||||
| Natural gas (differential to NYMEX settled price) ($/Mcf) | $ | (0.15 | ) | $ | (0.30 | ) | ||
| NGL (% of WTI) | 40 | % | 50 | % | ||||
| Oil (differential to NYMEX WTI) ($/Bbl) | $ | (6.00 | ) | $ | (7.00 | ) | ||
| Expenses | ||||||||
| Lease operating expense ($/Mcfe) | $ | 0.21 | $ | 0.25 | ||||
| Taxes other than income ($/Mcfe) | $ | 0.07 | $ | 0.09 | ||||
| Transportation, gathering, processing and compression ($/Mcfe) | $ | 0.95 | $ | 1.00 | ||||
| Recurring cash general and administrative(1,2) ($/Mcfe) | $ | 0.12 | $ | 0.14 | ||||
| Total | ||||
| Capital expenditures (incurred) | (in millions) | |||
| Operated D&C | ~$ | 395 | ||
| Maintenance leasehold and land | ~$ | 35 | ||
| Total base capital expenditures | ~$ | 430 | ||
| (1) | Recurring cash G&A includes capitalization. It excludes non-cash stock compensation, expenses related to the continued administration of our prior Chapter 11 filing and costs associated with the Chief Executive Officer transition. |
| (2) | This is a non-GAAP measure. Reconciliations of these non-GAAP measures and other disclosures are provided with the supplemental financial tables available on our website at www.gulfportenergy.com. |
Page 12

Derivatives
The below details Gulfport’s hedging positions as of July 28, 2026:
| 3Q2026 | 4Q2026 | Bal
Year 2026(1) |
Full
Year 2027 |
Full
Year 2028 |
||||||||||||||||
| Natural Gas Contract Summary (NYMEX): | ||||||||||||||||||||
| Fixed Price Swaps | ||||||||||||||||||||
| Volume (BBtupd) | 430 | 480 | 455 | 225 | 90 | |||||||||||||||
| Weighted Average Price ($/MMBtu) | $ | 3.73 | $ | 3.77 | $ | 3.75 | $ | 3.89 | $ | 3.74 | ||||||||||
| Fixed Price Collars | ||||||||||||||||||||
| Volume (BBtupd) | 150 | 150 | 150 | 117 | — | |||||||||||||||
| Weighted Average Floor Price ($/MMBtu) | $ | 3.61 | $ | 3.61 | $ | 3.61 | $ | 3.75 | $ | — | ||||||||||
| Weighted Average Ceiling Price ($/MMBtu) | $ | 4.35 | $ | 4.35 | $ | 4.35 | $ | 4.26 | $ | — | ||||||||||
| Basis Contract Summary: | ||||||||||||||||||||
| Rex Zone 3 Basis | ||||||||||||||||||||
| Volume (BBtupd) | 80 | 80 | 80 | 90 | 30 | |||||||||||||||
| Differential ($/MMBtu) | $ | (0.18 | ) | $ | (0.18 | ) | $ | (0.18 | ) | $ | (0.20 | ) | $ | (0.23 | ) | |||||
| Tetco M2 Basis | ||||||||||||||||||||
| Volume (BBtupd) | 170 | 170 | 170 | 130 | 40 | |||||||||||||||
| Differential ($/MMBtu) | $ | (0.95 | ) | $ | (0.95 | ) | $ | (0.95 | ) | $ | (0.82 | ) | $ | (0.71 | ) | |||||
| NGPL TX OK Basis | ||||||||||||||||||||
| Volume (BBtupd) | 30 | 30 | 30 | 40 | — | |||||||||||||||
| Differential ($/MMBtu) | $ | (0.30 | ) | $ | (0.30 | ) | $ | (0.30 | ) | $ | (0.33 | ) | $ | — | ||||||
| TGP 500 Basis | ||||||||||||||||||||
| Volume (BBtupd) | 20 | 20 | 20 | — | — | |||||||||||||||
| Differential ($/MMBtu) | $ | 0.56 | $ | 0.56 | $ | 0.56 | $ | — | $ | — | ||||||||||
| Transco Station 85 Basis | ||||||||||||||||||||
| Volume (BBtupd) | 10 | 10 | 10 | — | — | |||||||||||||||
| Differential ($/MMBtu) | $ | 0.56 | $ | 0.56 | $ | 0.56 | $ | — | $ | — | ||||||||||
| Oil Contract Summary (WTI): | ||||||||||||||||||||
| Fixed Price Swaps | ||||||||||||||||||||
| Volume (Bblpd) | 2,000 | 2,000 | 2,000 | 2,250 | 750 | |||||||||||||||
| Weighted Average Price ($/Bbl) | $ | 72.19 | $ | 72.19 | $ | 72.19 | $ | 68.92 | $ | 71.43 | ||||||||||
| Fixed Price Collars | ||||||||||||||||||||
| Volume (Bblpd) | 1,913 | 2,250 | 2,082 | 300 | — | |||||||||||||||
| Weighted Average Floor Price ($/Bbl) | $ | 62.37 | $ | 64.44 | $ | 63.49 | $ | 55.00 | $ | — | ||||||||||
| Weighted Average Ceiling Price ($/Bbl) | $ | 76.22 | $ | 77.62 | $ | 76.98 | $ | 68.00 | $ | — | ||||||||||
| NGL Contract Summary: | ||||||||||||||||||||
| C3 Propane Fixed Price Swaps | ||||||||||||||||||||
| Volume (Bblpd) | 3,250 | 3,250 | 3,250 | 2,000 | — | |||||||||||||||
| Weighted Average Price ($/Bbl) | $ | 30.98 | $ | 30.98 | $ | 30.98 | $ | 29.64 | $ | — | ||||||||||
| (1) | July 1, 2026 - December 31, 2026. |
Page 13

Non-GAAP Reconciliations
Gulfport’s management uses certain non-GAAP financial measures for planning, forecasting and evaluating business and financial performance, and believes that they are useful tools to assess Gulfport’s operating results. Although these are not measures of performance calculated in accordance with generally accepted accounting principles (GAAP), management believes that these financial measures are useful to an investor in evaluating Gulfport because (i) analysts utilize these metrics when evaluating company performance and have requested this information as of a recent practicable date, (ii) these metrics are widely used to evaluate a company’s operating performance, and (iii) we want to provide updated information to investors. Investors should not view these metrics as a substitute for measures of performance that are calculated in accordance with GAAP. In addition, because all companies do not calculate these measures identically, these measures may not be comparable to similarly titled measures of other companies.
These non-GAAP financial measures include adjusted net income, adjusted EBITDA, adjusted free cash flow, and recurring general and administrative expense. A reconciliation of each financial measure to its most directly comparable GAAP financial measure is included in the tables below. These non-GAAP measure should be considered in addition to, but not instead of, the financial statements prepared in accordance with GAAP.
Page 14

Definitions
Adjusted net income is a non-GAAP financial measure equal to net income less non-cash derivative (gain) loss, non-recurring general and administrative expenses comprised of expenses related to the continued administration of our prior Chapter 11 filing, costs associated with the Chief Executive Officer transition, stock-based compensation expenses, other non-material expenses and the tax effect of the adjustments to net income.
Adjusted EBITDA is a non-GAAP financial measure equal to net income (loss), the most directly comparable GAAP financial measure, plus interest expense, income tax expense (benefit), depreciation, depletion, amortization and accretion, non-cash derivative loss (gain), non-recurring general and administrative expenses comprised of expenses related to the continued administration of our prior Chapter 11 filing, costs associated with the Chief Executive Officer transition, stock-based compensation and other non-material expenses.
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 operating activities but excluded from adjusted EBITDA less interest expense, current income tax expense (benefit), capitalized expenses incurred and capital expenditures incurred. Gulfport includes an adjusted free cash flow estimate for 2026. We are unable, however, to provide a quantitative reconciliation of the forward-looking non-GAAP measure to its most directly comparable forward-looking GAAP measure because management cannot reliably quantify certain of the necessary components of such forward-looking GAAP measure. Accordingly, Gulfport is relying on the exception provided by Item 10(e)(1)(i)(B) of Regulation S-K to exclude such reconciliation. Items excluded in net cash provided by (used in) operating activities to arrive at adjusted free cash flow include interest expense, income taxes, capitalized expenses as well as one-time items or items whose timing or amount cannot be reasonably estimated.
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 non-recurring general and administrative expenses comprised of expenses related to the continued administration of our prior Chapter 11 filing. Gulfport includes a recurring general and administrative expense estimate for 2026. We are unable, however, to provide a quantitative reconciliation of the forward-looking non-GAAP measure to its most directly comparable forward-looking GAAP measure because management cannot reliably quantify certain of the necessary components of such forward-looking GAAP measure. Accordingly, Gulfport is relying on the exception provided by Item 10(e)(1)(i)(B) of Regulation S-K to exclude such reconciliation. Items excluded in general and administrative expense to arrive at recurring general and administrative expense include capitalized expenses as well as one-time items or items whose timing or amount cannot be reasonably estimated. The non-GAAP measure recurring general and administrative expenses allows investors to compare Gulfport’s total general and administrative expenses, including capitalization, to peer companies that account for their oil and gas operations using the successful efforts method.
Page 15

Adjusted Net Income: Three months ended June 30, 2026
(In thousands)
(Unaudited)
| Three Months Ended June 30, 2026 | Three Months Ended June 30, 2025 | |||||||
| Net Income (GAAP) | $ | 87,102 | $ | 184,466 | ||||
| Adjustments: | ||||||||
| Non-cash derivative gain | (25,838 | ) | (116,661 | ) | ||||
| Non-recurring general and administrative expense - cash | 1,543 | 666 | ||||||
| Stock-based compensation expense | 2,692 | 3,263 | ||||||
| Other, net | 155 | 901 | ||||||
| Tax effect of adjustments(1) | 4,646 | 24,469 | ||||||
| Adjusted Net Income (Non-GAAP) | $ | 70,300 | $ | 97,104 | ||||
| (1) | Income taxes were approximately 22% and 22% for the three months ended June 30, 2026 and 2025, respectively. |
Page 16

Adjusted Net Income: Six months ended June 30, 2026
(In thousands)
(Unaudited)
| Six Months Ended June 30, 2026 | Six Months Ended June 30, 2025 | |||||||
| Net Income (GAAP) | $ | 252,924 | $ | 184,002 | ||||
| Adjustments: | ||||||||
| Non-cash derivative (gain) loss | (66,779 | ) | 19,997 | |||||
| Non-recurring general and administrative expense - cash | 2,857 | 1,031 | ||||||
| Stock-based compensation expense | 2,888 | 6,303 | ||||||
| Other, net | 1,853 | 199 | ||||||
| Tax effect of adjustments(1) | 12,641 | (6,021 | ) | |||||
| Adjusted Net Income (Non-GAAP) | $ | 206,384 | $ | 205,511 | ||||
| (1) | Income taxes were approximately 21% and 22% for the six months ended June 30, 2026 and 2025, respectively. |
Page 17

Adjusted EBITDA: Three months ended June 30, 2026
(In thousands)
(Unaudited)
| Three Months Ended June 30, 2026 | Three Months Ended June 30, 2025 | |||||||
| Net Income (GAAP) | $ | 87,102 | $ | 184,466 | ||||
| Adjustments: | ||||||||
| Interest expense | 15,792 | 13,731 | ||||||
| Income tax expense | 24,016 | 51,670 | ||||||
| DD&A and accretion | 73,671 | 74,230 | ||||||
| Non-cash derivative gain | (25,838 | ) | (116,661 | ) | ||||
| Non-recurring general and administrative expenses - cash | 1,543 | 666 | ||||||
| Stock-based compensation expense | 2,692 | 3,263 | ||||||
| Other, net | 155 | 901 | ||||||
| Adjusted EBITDA (Non-GAAP) | $ | 179,133 | $ | 212,266 | ||||
Page 18

Adjusted EBITDA: Six months ended June 30, 2026
(In thousands)
(Unaudited)
| Six Months Ended June 30, 2026 | Six Months Ended June 30, 2025 | |||||||
| Net Income (GAAP) | $ | 252,924 | $ | 184,002 | ||||
| Adjustments: | ||||||||
| Interest expense | 31,178 | 27,087 | ||||||
| Income tax expense | 68,699 | 51,494 | ||||||
| DD&A and accretion | 149,699 | 140,470 | ||||||
| Non-cash derivative (gain) loss | (66,779 | ) | 19,997 | |||||
| Non-recurring general and administrative expenses - cash | 2,857 | 1,031 | ||||||
| Stock-based compensation expense | 2,888 | 6,303 | ||||||
| Other, net | 1,853 | 199 | ||||||
| Adjusted EBITDA (Non-GAAP) | $ | 443,319 | $ | 430,583 | ||||
Page 19

Adjusted Free Cash Flow: Three months ended June 30, 2026
(In thousands)
(Unaudited)
| Three Months Ended June 30, 2026 | Three Months Ended June 30, 2025 | |||||||
| Net cash provided by operating activity (GAAP) | $ | 149,929 | $ | 231,403 | ||||
| Adjustments: | ||||||||
| Interest expense | 15,792 | 13,731 | ||||||
| Non-recurring general and administrative expenses - cash | 1,543 | 666 | ||||||
| Current income tax (benefit) expense | (244 | ) | 274 | |||||
| Other, net | (1,077 | ) | (571 | ) | ||||
| Changes in operating assets and liabilities, net: | ||||||||
| Accounts receivable - oil, natural gas, and natural gas liquids sales | (14,611 | ) | (29,446 | ) | ||||
| Accounts receivable - joint interest and other | 4,077 | 3,001 | ||||||
| Accounts payable and accrued liabilities | 21,197 | (10,345 | ) | |||||
| Prepaid expenses | 2,526 | 3,545 | ||||||
| Other assets | 1 | 8 | ||||||
| Total changes in operating assets and liabilities, net | $ | 13,190 | $ | (33,237 | ) | |||
| Adjusted EBITDA (Non-GAAP) | $ | 179,133 | $ | 212,266 | ||||
| Interest expense | (15,792 | ) | (13,731 | ) | ||||
| Current income tax benefit (expense) | 244 | (274 | ) | |||||
| Capitalized expenses incurred(1) | (6,949 | ) | (6,273 | ) | ||||
| Capital expenditures incurred(2,3,4) | (150,225 | ) | (127,399 | ) | ||||
| Adjusted free cash flow (Non-GAAP) | $ | 6,411 | $ | 64,589 | ||||
| (1) | Includes cash capitalized general and administrative expense and incurred capitalized interest expenses. |
| (2) | Incurred capital expenditures and cash capital expenditures may vary from period to period due to the cash payment cycle. |
| (3) | For the three months ended June 30, 2026, includes $1.0 million and $0.6 million of non-D&C capital and non-operated capital expenditures, respectively. Additionally, excludes targeted discretionary acreage acquisitions of $40.3 million. |
| (4) | For the three months ended June 30, 2025, includes $2.9 million and $0.3 million of non-D&C capital and non-operated capital expenditures, respectively. Additionally, excludes targeted discretionary acreage acquisitions of $6.9 million. |
Page 20

Adjusted Free Cash Flow: Six months ended June 30, 2026
(In thousands)
(Unaudited)
| Six Months Ended June 30, 2026 | Six Months Ended June 30, 2025 | |||||||
| Net cash provided by operating activity (GAAP) | $ | 442,847 | $ | 408,683 | ||||
| Adjustments: | ||||||||
| Interest expense | 31,178 | 27,087 | ||||||
| Non-recurring general and administrative expenses - cash | 2,857 | 1,031 | ||||||
| Current income tax expense | 826 | 105 | ||||||
| Other, net | (745 | ) | (2,446 | ) | ||||
| Changes in operating assets and liabilities, net: | ||||||||
| Accounts receivable - oil, natural gas, and natural gas liquids sales | (70,273 | ) | (27,328 | ) | ||||
| Accounts receivable - joint interest and other | 4,361 | 3,021 | ||||||
| Accounts payable and accrued liabilities | 31,204 | 17,329 | ||||||
| Prepaid expenses | 1,033 | 3,060 | ||||||
| Other assets | 31 | 41 | ||||||
| Total changes in operating assets and liabilities, net | $ | (33,644 | ) | $ | (3,877 | ) | ||
| Adjusted EBITDA (Non-GAAP) | $ | 443,319 | $ | 430,583 | ||||
| Interest expense | (31,178 | ) | (27,087 | ) | ||||
| Current income tax expense | (826 | ) | (105 | ) | ||||
| Capitalized expenses incurred(1) | (13,800 | ) | (12,438 | ) | ||||
| Capital expenditures incurred(2,3,4) | (272,164 | ) | (289,762 | ) | ||||
| Adjusted free cash flow (Non-GAAP) | $ | 125,351 | $ | 101,191 | ||||
| (1) | Includes cash capitalized general and administrative expense and incurred capitalized interest expenses. |
| (2) | Incurred capital expenditures and cash capital expenditures may vary from period to period due to the cash payment cycle. |
| (3) | For the six months ended June 30, 2026, includes $1.1 million and $0.7 million of non-D&C capital and non-operated capital expenditures, respectively. Additionally, excludes targeted discretionary acreage acquisitions of $79.7 million. Discretionary acreage acquisition expenditures included $39.5 million associated with the completion of the prior year’s program and $40.3 million associated with the 2026 discretionary acreage acquisition program that is targeting $140 million of acreage acquisitions through the end of the year. |
| (4) | For the six months ended June 30, 2025, includes $4.3 million and $1.5 million of non-D&C capital and non-operated capital expenditures, respectively. Additionally, excludes targeted discretionary acreage acquisitions of $6.9 million. |
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Recurring General and Administrative Expenses:
Three months ended June 30, 2026
(In thousands)
(Unaudited)
| Three Months Ended June 30, 2026 | Three Months Ended June 30, 2025 | |||||||||||||||||||||||
| Cash | Non-Cash | Total | Cash | Non-Cash | Total | |||||||||||||||||||
| General and administrative expense (GAAP) | $ | 7,969 | $ | 2,692 | $ | 10,661 | $ | 7,663 | $ | 3,263 | $ | 10,926 | ||||||||||||
| Capitalized general and administrative expense | 5,218 | 1,325 | 6,543 | 4,826 | 1,607 | 6,433 | ||||||||||||||||||
| Non-recurring general and administrative expense | (1,543 | ) | — | (1,543 | ) | (666 | ) | — | (666 | ) | ||||||||||||||
| Recurring general and administrative before capitalization (Non-GAAP) | $ | 11,644 | $ | 4,017 | $ | 15,661 | $ | 11,823 | $ | 4,870 | $ | 16,693 | ||||||||||||
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Recurring General and Administrative Expenses:
Six months ended June 30, 2026
(In thousands)
(Unaudited)
| Six Months Ended June 30, 2026 | Six Months Ended June 30, 2025 | |||||||||||||||||||||||
| Cash | Non-Cash | Total | Cash | Non-Cash | Total | |||||||||||||||||||
| General and administrative expense (GAAP) | $ | 17,481 | $ | 2,888 | $ | 20,369 | $ | 13,624 | $ | 6,303 | $ | 19,927 | ||||||||||||
| Capitalized general and administrative expense | 10,643 | 1,422 | 12,065 | 9,560 | 3,105 | 12,665 | ||||||||||||||||||
| Non-recurring general and administrative expense(1) | (2,857 | ) | 4,507 | 1,650 | (1,031 | ) | — | (1,031 | ) | |||||||||||||||
| Recurring general and administrative before capitalization (Non-GAAP) | $ | 25,267 | $ | 8,817 | $ | 34,084 | $ | 22,153 | $ | 9,408 | $ | 31,561 | ||||||||||||
| (1) | For the six months ended June 30, 2026, non-cash includes the impact of the forfeiture of unvested restricted stock units and performance vesting restricted stock units due to the departure of the Company’s former Chief Executive Officer on March 6, 2026. |
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