Gulfport Energy : Supplemental Tables Q2 2023

Three months and six months ended June 30, 2023

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
Updated 2023E 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, 2023

Production Volumes

	Three Months		Three Months
	Ended June 30, 2023		Ended June 30, 2022
Natural gas (Mcf/day)
Utica	751,272	637,854
SCOOP	194,639	220,637
Other	-		(10)
Total	945,910	858,481
Oil and condensate (Bbl/day)
Utica	556	722
SCOOP	2,977	3,960
Other	-		(4)
Total	3,533	4,678
NGL (Bbl/day)
Utica	2,440	2,109
SCOOP	9,596	9,983
Other	-		2
Total	12,036	12,093
Combined (Mcfe/day)
Utica	769,246	654,840
SCOOP	270,077	304,293
Other	1		(27)
Total	1,039,323	959,106
Totals may not sum or recalculate due to rounding.

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Production Volumes by Asset Area: Six months ended June 30, 2023

Production Volumes

	Six Months Ended		Six Months Ended
	June 30, 2023		June 30, 2022
Natural gas (Mcf/day)
Utica	735,133	699,489
SCOOP	210,030	191,806
Other	-		11
Total	945,163	891,306
Oil and condensate (Bbl/day)
Utica	573	710
SCOOP	3,555	3,447
Other	-		1
Total	4,128	4,158
NGL (Bbl/day)
Utica	2,564	2,145
SCOOP	10,496	9,052
Other	-		1
Total	13,060	11,198
Combined (Mcfe/day)
Utica	753,956	716,621
SCOOP	294,335	266,798
Other	1		25
Total	1,048,292	983,444
Totals may not sum or recalculate due to rounding.

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Production and Pricing: Three months ended June 30, 2023

The following table summarizes production and related pricing for the three months ended June 30, 2023, as compared to such data for the three months ended June 30, 2022:

		Three Months			Three Months
Natural gas sales	Ended June 30, 2023		Ended June 30, 2022
Natural gas production volumes (MMcf)		86,078			78,122
Natural gas production volumes (MMcf) per day		946			858
Total sales	$	159,246	$	539,090
Average price without the impact of derivatives ($/Mcf)	$	1.85	$	6.90
Impact from settled derivatives ($/Mcf)	$	0.57		$	(3.70)
Average price, including settled derivatives ($/Mcf)	$	2.42	$	3.20
Oil and condensate sales
Oil and condensate production volumes (MBbl)		321			426
Oil and condensate production volumes (MBbl) per day		4			5
Total sales	$	22,602	$	45,009
Average price without the impact of derivatives ($/Bbl)	$	70.30	$	105.72
Impact from settled derivatives ($/Bbl)	$	1.15		$	(33.55)
Average price, including settled derivatives ($/Bbl)	$	71.45	$	72.17
NGL sales
NGL production volumes (MBbl)		1,095			1,100
NGL production volumes (MBbl) per day		12			12
Total sales	$	26,070	$	54,106
Average price without the impact of derivatives ($/Bbl)	$	23.80	$	49.17
Impact from settled derivatives ($/Bbl)	$	2.47		$	(4.73)
Average price, including settled derivatives ($/Bbl)	$	26.27	$	44.44
Natural gas, oil and condensate and NGL sales
Natural gas equivalents (MMcfe)		94,578			87,279
Natural gas equivalents (MMcfe) per day		1,039			959
Total sales	$	207,918	$	638,205
Average price without the impact of derivatives ($/Mcfe)	$	2.20	$	7.31
Impact from settled derivatives ($/Mcfe)	$	0.56		$	(3.53)
Average price, including settled derivatives ($/Mcfe)	$	2.76	$	3.78
Production Costs:
Average lease operating expenses ($/Mcfe)	$	0.17	$	0.16
Average taxes other than income ($/Mcfe)	$	0.08	$	0.19
Average transportation, gathering, processing and compression ($/Mcfe)	$	0.91		$	1.01
Total lease operating expenses, midstream costs and production taxes ($/Mcfe)	$	1.16	$	1.36

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Production and Pricing: Six months ended June 30, 2023

The following table summarizes production and related pricing for the six months ended June 30, 2023, as compared to such data for the six months ended June 30, 2022:

	Six Months Ended		Six Months Ended
Natural gas sales		June 30, 2023			June 30, 2022
Natural gas production volumes (MMcf)		171,075			161,326
Natural gas production volumes (MMcf) per day		945			891
Total sales	$	441,780	$	944,302
Average price without the impact of derivatives ($/Mcf)	$	2.58	$	5.85
Impact from settled derivatives ($/Mcf)	$	0.29		$	(2.48)
Average price, including settled derivatives ($/Mcf)	$	2.87	$	3.37
Oil and condensate sales
Oil and condensate production volumes (MBbl)		747			753
Oil and condensate production volumes (MBbl) per day		4			4
Total sales	$	53,316	$	75,248
Average price without the impact of derivatives ($/Bbl)	$	71.36	$	99.99
Impact from settled derivatives ($/Bbl)	$	(0.10)		$	(29.80)
Average price, including settled derivatives ($/Bbl)	$	71.26	$	70.19
NGL sales
NGL production volumes (MBbl)		2,364			2,027
NGL production volumes (MBbl) per day		13			11
Total sales	$	65,982	$	99,390
Average price without the impact of derivatives ($/Bbl)	$	27.91	$	49.03
Impact from settled derivatives ($/Bbl)	$	1.56		$	(5.40)
Average price, including settled derivatives ($/Bbl)	$	29.47	$	43.63
Natural gas, oil and condensate and NGL sales
Natural gas equivalents (MMcfe)		189,741			178,003
Natural gas equivalents (MMcfe) per day		1,048			983
Total sales	$	561,078	$	1,118,940
Average price without the impact of derivatives ($/Mcfe)	$	2.96	$	6.29
Impact from settled derivatives ($/Mcfe)	$	0.28		$	(2.44)
Average price, including settled derivatives ($/Mcfe)	$	3.24	$	3.85
Production Costs:
Average lease operating expenses ($/Mcfe)	$	0.19	$	0.18
Average taxes other than income ($/Mcfe)	$	0.10	$	0.16
Average transportation, gathering, processing and compression ($/Mcfe)	$	0.91		$	0.97
Total lease operating expenses, midstream costs and production taxes ($/Mcfe)	$	1.20	$	1.31

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