Chesapeake Energy Corporation (NASDAQ:CHK) Q1 2022 Earnings Conference Call May 5, 2022 8:30 AM ET

Company Participants

Brad Sylvester – Vice President-Investor Relations and Communications

Nick Dell’Osso – President and Chief Executive Officer

Mohit Singh – Executive Vice President and Chief Financial Officer

Josh Viets – Executive Vice President and Chief Operating Officer ​

Conference Call Participants

Doug Leggate – Bank of America

Matt Portillo – TPH

Nicholas Pope – Seaport Research

Scott Hanold – RBC

Charles Meade – Johnson Rice

Josh Silverstein – Wolfe Research

Noel Parks – Tuohy Brothers

John Daniel – Daniel Energy Partners

Operator

Good day, and welcome to the Chesapeake Energy Corporation First Quarter 2022 Earnings Conference Call. [Operator Instructions] Please note, this event is being recorded.

I would now like to turn the conference over to Brad Sylvester. Please go ahead.

Brad Sylvester

Thank you, Andrea, and good morning, everyone. Thank you for joining our call today to discuss Chesapeake’s first quarter 2022 financial and operating results.

Hopefully, you had a chance to review our press release and the updated investor 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 that 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 as required by applicable law, we undertake no duty to update any forward-looking statements, and you should not place undue reliance on such statements.

We may also refer to some non-GAAP financial measures, which help facilitate comparisons across periods and with peers. For any non-GAAP measure we use, a reconciliation to the nearest corresponding GAAP measure can be found on our website.

With me on the call this morning 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

Thanks, Brad, and good morning, everybody. Thanks for joining the call. We’ll get to Q&A shortly, but first I want to spend a couple minutes talking about where the industry sits today and how we’re seeing the year unfold. We’re off to a really strong start.