Magnolia Oil & Gas Corporation (NYSE:MGY) Q2 2023 Earnings Conference Call August 2, 2023 11:00 AM ET

Company Participants

Jim Johnson - IR

Chris Stavros - President and CEO

Brian Corales - SVP and CFO

Conference Call Participants

Neal Dingmann - Truist Securities

Umang Choudhary - Goldman Sachs

Leo Mariani - ROTH MKM Partners

Oliver Huang - TPH

Zach Parham - JPMorgan

Tim Rezvan - KeyBanc Capital Markets

Paul Diamond - Citigroup

Operator

Good morning, everyone. And thank you for participating in Magnolia Oil & Gas Corporation Second Quarter 2023 Earnings Conference Call. My name is Marlese and I will be your moderator for today's call. At this time, all participants will be placed in the listen-only mode, as our call is being recorded.

I will now turn the conference over to Magnolia's management for their prepared remarks, which will be followed by a brief question-and-answer session. Please go ahead.

Jim Johnson

Thank you, Marlese, and good morning, everyone. Welcome to Magnolia Oil & Gas's second quarter earnings conference call. Participating on the call today are, Chris Stavros Magnolia's President and Chief Executive Officer and Brian Corollas, Senior Vice President and Chief Financial Officer.

As a reminder, today's conference call contains certain projections and other forward-looking statements within the meaning of the federal securities laws. These statements are subject to risks and uncertainties that may cause actual results to differ materially from those expressed or implied in these statements. Additional information on risk factors that could cause results to differ is available in the company's Annual Report on Form 10-K filed with the SEC.

A full Safe Harbor can be found on Slide 2 of the conference call slide presentation with the supplemental data on our website. You can download Magnolia's second quarter 2023 earnings press release, as well as the conference call slides from the Investor section of the company's website at www.magnoliaoilgas.com.

I will now turn the call over to Mr. Chris Stavros.

Chris Stavros

Thank you, Tom. And good morning, everyone. We appreciate you joining us today for a quarterly update and comments around our second quarter 2023 results. I plan to reiterate some of Magnolia's primary corporate goals and discuss some of what we've accomplished most recently help us achieve those goals and objectives.

I'll also briefly speak to our latest quarterly results, specifically around the strong execution we've had related to our cost reduction efforts. Brian will then review our second quarter financial results in more detail and provide some additional guidance before we take your questions.