Gulfport Energy (NYSE: GPOR) Q2 profit, inventory growth and CFO exit

Rhea-AI Filing Summary

Gulfport Energy reported second‑quarter 2026 net income of $87.1 million on total revenues of $323.2 million, down from $184.5 million and $447.6 million a year earlier, as realized commodity prices declined. Adjusted EBITDA was $179.1 million and adjusted free cash flow was $6.4 million, with net cash provided by operating activities of $149.9 million.

Average production was 962.8 MMcfe per day, 91% natural gas, with lease operating expense of $0.23 per Mcfe. Capital investment in the quarter was $148.6 million, and full‑year 2026 base capital expenditures are now guided to about $430 million, including $35 million for maintenance land and seismic. Gulfport expanded its core Utica position by 4,700 net undeveloped acres and plans about $140 million of additional discretionary acreage acquisitions during 2026, which together are expected to increase Utica net inventory by more than 20% and extend the development runway by over 2.5 years. The company repurchased 392.2 thousand shares for $70.0 million in Q2 and 1.3 million shares for $242.8 million year‑to‑date, has $336.8 million of remaining authorization, and reported liquidity of $772.4 million at June 30, 2026. Executive Vice President and Chief Financial Officer Michael Hodges has resigned effective August 5, 2026, and will advise the company through September 1 while a search for his successor is conducted.

Positive

• Strong year‑to‑date profitability: For the first six months of 2026, net income was $252.9 million, up from $184.0 million in the prior‑year period, and adjusted EBITDA rose to $443.3 million from $430.6 million.
• Solid cash generation: Net cash provided by operating activities reached $442.8 million for the first half of 2026, supporting $125.4 million of adjusted free cash flow after capital expenditures and other adjustments.
• Large, growing inventory in core Utica: Ohio state land acquisitions added 4,700 net undeveloped acres and about 16 net wet gas locations, and together with the 2026 acreage program are expected to boost Utica net inventory by more than 20% and extend the development runway by over 2.5 years.
• Material capital returns via buybacks: Since March 2022, the company has repurchased about 8.6 million shares for roughly $1.2 billion in aggregate; as of June 30, 2026, $336.8 million remained available under the share repurchase program.

Negative

• Weaker Q2 results versus prior year: Second‑quarter 2026 net income of $87.1 million and revenues of $323.2 million declined from $184.5 million and $447.6 million in second‑quarter 2025, reflecting lower commodity realizations and reduced production volumes.
• CFO resignation: Executive Vice President and Chief Financial Officer Michael Hodges notified the company on July 31, 2026 of his decision to resign effective August 5, 2026, creating near‑term leadership transition risk despite no stated disagreement over operations or financial reporting.

Filing Explained

The filing breaks down Gulfport’s $772.4 million of liquidity at June 30, 2026: only $1.1 million was cash, alongside $280.0 million drawn on its revolver, $48.7 million of letters of credit, and $650.0 million of senior notes.

8-K Event Classification

3 items: 2.02, 7.01, 9.01

3 items

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 7.01 Regulation FD Disclosure Disclosure

Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

Q2 2026 Total Revenues: $323.2 million Q2 2026 Net Income: $87.1 million Q2 2026 Adjusted EBITDA: $179.1 million +5 more

8 metrics

Q2 2026 Total Revenues $323.2 million Three months ended June 30, 2026; down from $447.6 million in Q2 2025

Q2 2026 Net Income $87.1 million Three months ended June 30, 2026; compared with $184.5 million a year earlier

Q2 2026 Adjusted EBITDA $179.1 million Non‑GAAP adjusted EBITDA for the quarter ended June 30, 2026

Q2 2026 Adjusted Free Cash Flow $6.4 million Non‑GAAP adjusted free cash flow for the quarter ended June 30, 2026

H1 2026 Net Cash from Operations $442.8 million Net cash provided by operating activities for six months ended June 30, 2026

Q2 2026 Average Production 962.8 MMcfe per day Net daily production, 91% natural gas, three months ended June 30, 2026

Liquidity at June 30, 2026 $772.4 million Cash plus available borrowing capacity under credit facility

Long‑Term Debt $922.3 million Long‑term debt outstanding at June 30, 2026, including revolving credit and 2029 notes

Key Terms

adjusted EBITDA, adjusted free cash flow, liquidity, basis contract, +1 more

5 terms

adjusted EBITDA financial

"Reported $87.1 million of net income and $179.1 million of adjusted EBITDA (1)"

Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.

adjusted free cash flow financial

"Generated $149.9 million of net cash provided by operating activities and $6.4 million of adjusted free cash flow"

Adjusted free cash flow is the amount of money a company generates from its operations after accounting for essential expenses and investments, like maintaining or upgrading equipment. It shows how much cash is truly available to grow the business, pay debts, or return to shareholders, helping investors see the company's financial health more clearly.

liquidity financial

"Gulfport’s liquidity at June 30, 2026, totaled approximately $772.4 million"

Liquidity is how easily and quickly an asset or investment can be converted into cash without losing value. It matters to investors because higher liquidity means they can access their money quickly if needed, while lower liquidity can make it harder to sell assets promptly or at a fair price, potentially creating financial challenges. Think of it like trying to sell a common item versus a rare collectible—it's much easier to sell the common item fast.

basis contract financial

"Basis Contract Summary: Rex Zone 3 Basis ... Tetco M2 Basis ... NGPL TX OK Basis"

Chapter 11 filing regulatory

"expenses related to the continued administration of our prior Chapter 11 filing"

Earnings Snapshot

Total revenues: $323.2 million · Guidance included

quarter ended June 30, 2026

Total revenues $323.2 million down from $447.6 million in Q2 2025

Net income $87.1 million down from $184.5 million in Q2 2025

Adjusted EBITDA $179.1 million down from $212.3 million in Q2 2025

Adjusted free cash flow $6.4 million down from $64.6 million in Q2 2025

Average daily production 962.8 MMcfe per day down from 1,006 MMcfe per day in Q2 2025

Guidance

For full‑year 2026, Gulfport guides to average production of 1.030–1.055 Bcfe per day, liquids production of 18.0–21.0 MBbl per day, approximately 89% gas, lease operating expense of $0.21–$0.25 per Mcfe, and total base capital expenditures of about $430 million, including $35 million for maintenance land and seismic investments.

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FAQ

What were Gulfport Energy (GPOR) Q2 2026 earnings and cash flow?

Gulfport reported Q2 2026 net income of $87.1 million, or $4.87 basic EPS, on $323.2 million of revenue. Adjusted EBITDA was $179.1 million, and net cash provided by operating activities totaled $149.9 million for the quarter.

How much did Gulfport Energy (GPOR) produce in Q2 2026 and what was the mix?

Average Q2 2026 production was 962.8 MMcfe per day, primarily from Utica/Marcellus and SCOOP. The production mix was about 91% natural gas, 6% NGLs, and 3% oil and condensate, highlighting Gulfport’s natural‑gas‑weighted asset base.

What is Gulfport Energy’s (GPOR) 2026 production and capital spending guidance?

For 2026, Gulfport guides to 1.030–1.055 Bcfe per day of average production and 18.0–21.0 MBbl per day of liquids. It expects lease operating expense of $0.21–$0.25 per Mcfe and about $430 million of base capital expenditures, including maintenance land and seismic.

How significant is Gulfport Energy’s (GPOR) share repurchase activity?

In Q2 2026, Gulfport repurchased 392.2 thousand shares for about $70.0 million and 1.3 million shares for $242.8 million year‑to‑date. Since March 2022, it has bought back roughly 8.6 million shares for about $1.2 billion, with $336.8 million remaining authorized.

What is Gulfport Energy’s (GPOR) liquidity and debt position as of June 30, 2026?

As of June 30, 2026, Gulfport held about $1.1 million in cash, had $280.0 million drawn on its revolving credit facility, $48.7 million in letters of credit, and $650.0 million of 2029 senior notes, for total liquidity of $772.4 million.

What leadership change did Gulfport Energy (GPOR) disclose?

Executive Vice President and Chief Financial Officer Michael Hodges will resign effective August 5, 2026 to devote more time to his family, remaining in an advisory role until September 1, 2026. The company engaged a national search firm to identify a permanent successor.

false 0000874499 0000874499 2026-08-03 2026-08-03 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

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.

Page 21

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

Page 22

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.

Page 23

Filing Exhibits & Attachments

5 documents

Press Releases

• EX-99.1 PRESS RELEASE DATED AUGUST 3, 2026 ENTITLED "GULFPORT ENERGY REPORTS SECOND QUAR 67.1 KB
• EX-99.2 SUPPLEMENTAL FINANCIAL INFORMATION 348.8 KB

Other Documents

• EX-101 XBRL SCHEMA FILE 3.0 KB
• EX-101 XBRL LABEL FILE 33.4 KB
• EX-101 XBRL PRESENTATION FILE 21.8 KB