Centennial Resource Development, Inc. (CDEV) Q1 2022 Earnings Conference Call May 5, 2022 10:00 AM ET

Company Participants

Sean R. Smith – Chief Executive Officer

Matthew R. Garrison – Executive Vice President & Chief Operating Officer

George S. Glyphis – Executive Vice President & Chief Financial Officer

Hays Mabry – Senior Director, Investor Relations

Conference Call Participants

Jordan Levy – Truist Securities

Davis Petros – RBC Capital Markets

Zach Parham – JPMorgan Chase & Co.

John Annis – Stifel Financial Corp.

Operator

Good morning and welcome to Centennial Resource Development conference call to discuss its First Quarter 2022 earnings. Today's call is being recorded. A replay of the call will be accessible until May 12, 2022 by dialing 8558592056 and entering the conference ID number 3033538 or by visiting Centennial 's website at www.cdevinc.com. At this time, I will turn the call over to Hays Mabry, Centennial 's Senior Director of Investor Relations, for some opening remarks. Please, go ahead.

Hays Mabry

Thank you, Willy. And thank you all for joining us on the company's first quarter earnings call. Presenting on the call today are Sean Smith, our Chief Executive Officer, George Glyphis, our Chief Financial Officer, and Matt Garrison, our Chief Operating Officer. Yesterday, May 4th, we thought a Form 8-K with an earnings release reporting first quarter results, as well as operational results for the company. We also posted an earnings presentation to our website that we will reference during today's call. You can find the presentation on our website homepage, or under presentations at www.CDEVinc.com.com. I would like to note that many of the comments during this earnings call are forward-looking statements that involve risks and uncertainties that could affect our actual results and some plans.

Many of these risks are beyond our control and are discussed in more detail in the risk factors in the forward-looking statements sections of our filings with the Securities and Exchange Commission, including our quarterly report on Form 10-K for the quarter ended March 31st, which will be filed with the SEC later this afternoon. Although we believe the expectations expressed are based on reasonable assumptions, they are not guarantees of future performance and actual results or developments may differ materially. We may also refer to non-GAAP financial measures that help facilitate comparisons across periods and with our peers. For any non-GAAP measure we use, a reconciliation to the nearest corresponding GAAP measure can be found in our earnings release or presentation, which are both available on our website. With that, I will turn the call over to Sean Smith, our CEO.