Chesapeake Energy Corporation (NASDAQ:CHK) Q4 2022 Earnings Conference Call February 22, 2023 9:00 AM ET
Company Participants
Chris Ayres - Vice President, Investor Relations and Treasurer
Nick Dell’Osso - President and Chief Executive Officer
Josh Viets - Chief Operating Officer
Mohit Singh - Chief Financial Officer
Conference Call Participants
Zach Parham - JPMorgan
Nitin Kumar - Mizuho
Umang Choudhary - Goldman Sachs
Doug Leggate - Bank of America
Matt Portillo - TPH
Subash Chandra - Benchmark
Noel Parks - Tuohy Brothers
Phillips Johnston - Capital One
Nicholas Pope - Seaport Research
Operator
Good day and welcome to the Chesapeake Energy Fourth Quarter and Full Year 2022 Earnings Conference Call and Webcast. [Operator Instructions] Please note this event is being recorded. I would now like to turn the conference over to Chris Ayres, Vice President of Investor Relations and Treasurer. Please go ahead.
Chris Ayres
Thank you, Betsy. Good morning, everyone and thank you for joining our call today to discuss Chesapeake’s fourth quarter and full year 2022 financial and operating results. Hopefully, you have had a chance to review our press release and the updated presentation that we posted to our website yesterday.
During this morning’s call, we will be making forward-looking statements, which consist of statements that cannot be confirmed by reference to existing information, including statements regarding our beliefs, goals, expectations, forecasts, projections and future performance and the assumptions underlying such statements. Please note there are a number of factors that will cause actual results to differ materially from our forward-looking statements, including the factors identified and discussed in our press release yesterday and in other SEC filings.
Please recognize that except by required – except where required by applicable law, we undertake no duty to update any forward-looking statements and you should not place any undue reliance on such statements. We may also refer to some non-GAAP financial measures, which will help facilitate comparisons across periods and with peers. For any non-GAAP measure, we use a reconciliation to the nearest corresponding GAAP measure that can be found on our website.
With me on the call today are Nick Dell’Osso, Mohit Singh and Josh Viets. Nick will give a brief overview of our results and then we will open up the teleconference to Q&A. So with that, thank you again. And I will now turn the teleconference over to Nick.
Nick Dell’Osso
Good morning and thank you for joining our call. This morning, we are going to talk about two key announcements we made yesterday. First, we are pleased to highlight our fourth quarter results and 2023 outlook. Second, we announced the next significant step toward exiting our Eagle Ford assets. The fourth quarter finished off a strong year for Chesapeake. Production in capital were essentially in line with expectations and EBITDAX was slightly ahead.