EQT Corporation (EQT) Q2 2023 Earnings Call Transcript

For the period ending June 30, 2023

July 26, 2023 10:00 a.m. ET

Prepared Remarks

Questions and Answers

Call Participants

Prepared Remarks:

Operator

Thank you for standing by. At this time, I would like to welcome everyone to the EQT Q2 2023 Results Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session. [Operator Instructions] Thank you.

Cameron Horwitz, Managing Director, Investor Relations and Strategy, you may begin your conference.

Cameron Horwitz

Good morning, and thank you for joining our second quarter 2023 results conference call. With me today are Toby Rice, President and Chief Executive Officer; Jeremy Knop, newly appointed Chief Financial Officer; and David Khani, outgoing Chief Financial Officer. In a moment, the team will present their prepared remarks with a question-and-answer session to follow. An updated investor presentation has been posted to the Investor Relations portion of our website, and we will reference certain slides during today's discussion. A replay for today's call will be available on our website beginning this evening.

I'd like to remind you that today's call may contain forward-looking statements. Actual results and future events could materially differ from these forward-looking statements because of factors described in yesterday's earnings release and our investor presentation, the Risk Factors section of our Form 10-K and in subsequent filings we make with the SEC. We do not undertake any duty to update forward-looking statements.

Today's call may also contain certain non-GAAP financial measures. Please refer to our most recent earnings release and investor presentation for important disclosures regarding such measures, including reconciliations to the most comparable GAAP financial measures.

With that, I'll turn the call over to Toby.

Toby Rice

Thanks, Cam, and good morning, everyone. Before speaking to second quarter results, I want to say thank you again to Dave for being a great colleague and friend over the past three years. Your knowledge and experience during a unique time in EQT's history combined with a thoughtful approach and heart made you a favorite of all who had the pleasure of working alongside you. I want to thank you for your tremendous contribution to EQT, and we are excited to see your continued success into the next phase of your life.

I also want to introduce Jeremy Knop, who is taking the reins from Dave as our new Chief Financial Officer. Jeremy joined EQT in 2021 as the EVP of Corporate Development and has extensive experience in strategic decision-making, investment management, capital allocation, M&A and transaction execution from his time at EQT in previous roles at Blackstone and as an investment banker. Jeremy's strategic value-oriented mindset and deep understanding of our business instills great confidence that he will continue to drive value creation, strengthen our balance sheet and ensure the realization of our long-term vision.