W&T Offshore, Inc. (NYSE:WTI) Q3 2022 Earnings Conference Call November 9, 2022 10:00 AM ET

Company Participants

Al Petrie – Investor Relations Coordinator

Tracy Krohn – Chairman and Chief Executive Officer

Conference Call Participants

John White – ROTH Capital

Derrick Whitfield – Stifel

Jeff Robertson – Water Tower Research

Operator

Ladies and gentlemen, thank you for standing by. Welcome to the W&T Offshore Third Quarter 2022 Conference Call. During today’s call, all parties will be in a listen-only mode. Following the company’s prepared comments, the call will be open for questions and answers. [Operator Instructions] This conference is being recorded, and replay will be made available on the company's website following the call.

I would now like to turn the conference over to Al Petrie, Investor Relations Coordinator. Please go ahead.

Al Petrie

Thank you, Gary. And on behalf of the management team, I would like to welcome all of you to today's conference call to review W&T Offshore's third quarter 2022 financial and operational results. Before we begin, I would like to remind you that our comments may include forward-looking statements. It should be noted that a variety of factors could cause W&T's actual results to differ materially from the anticipated results or expectations expressed in these forward-looking statements. Additional information concerning these factors are contained in our earnings release that we issued yesterday as well as our public filings on Form 10-K, 10-Q and 8-K with the SEC.

Today's call may also contain certain non-GAAP financial measures. Please refer to the earnings release that we issued yesterday for reconciliations of non-GAAP financial measures to our GAAP results.

With that, I would like to turn the call over to Tracy Krohn, our Chairman and CEO.

Tracy Krohn

Thanks, Al, and good day to everyone, and thank you for joining us for our third quarter 2022 conference call. So with me today are Janet Yang, our Executive VP and Chief Financial Officer; and William Williford, another Executive VP and Chief Operating Officer. They're both going to be available to answer questions later during the call.

So we maintained our strong financial results in the third quarter and 2022 is on track to be one of the best years in our long and profitable history. Our strategy has always been very simple, generate free cash flow; maintain high-quality conventional production and opportunistically capitalize on accretive opportunities to build shareholder value. Our ability to execute and maintain strong operational excellence has been a significant driver in our outstanding financial results in 2022 and have continued in the third quarter.