Magnolia Oil & Gas Corporation (NYSE:MGY) Q4 2022 Earnings Conference Call February 15, 2023 11:00 AM ET

Company Participants

Jim Johnson - Investor Relations

Chris Stavros - President & Chief Executive Officer

Brian Corales - Senior Vice President & Chief Financial Officer

Conference Call Participants

Leo Mariani - ROTH MKM

Geoff Jay - Daniel Energy Partners

Nicholas Pope - Seaport Research

Tim Rezvan - KeyBanc

Noel Parks - Tuohy

Neal Dingmann - Truist

Operator

Good morning and welcome to the Magnolia Oil & Gas Fourth Quarter and Full Year 2022 Earnings Conference Call. All participants will be in a listen-only mode. [Operator Instructions] Please note this event is being recorded.

I would now like to turn the conference over to Jim Johnson. Please go ahead.

Jim Johnson

Thank you, Gary. Good morning, everyone. Welcome to Magnolia Oil & Gas' fourth quarter earnings conference call. Participating on the call today are Chris Stavros Magnolia's President and Chief Executive Officer; and Brian Corales, 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 fourth quarter 2022 earnings press release as well as the conference call slides from the Investors section of the Company’s website at www.magnoliaoilgas.com.

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

Chris Stavros

Thanks, Jim and good morning, everyone. Thanks for joining us today. I'll provide some comments on our results and accomplishments during 2022 and will then give an update on our outlook for 2023, and how we plan to allocate our free cash flow during the year. Brian will then review our fourth quarter and full year 2022 results and provide some additional guidance before we take your questions.

As we enter our sixth year as a public company, the core principles of Magnolia's business model established at the beginning are expected to continue. I've said previously that my plan is not to make significant changes or put my personal stand on Magnolia. Throughout the halls here, in the office and out in the field, every one of our employees is a Magnolia shareholder and is aligned with our investors. We run Magnolia for our shareholders and my objective will always be to do what is in the best interest of our investors.