Range Resources Corporation (NYSE:RRC) Q2 2023 Earnings Conference Call July 25, 2023 9:00 AM ET
Company Participants
Laith Sando - VP, IR
Jeff Ventura - CEO
Dennis Degner - COO
Mark Scucchi - CFO
Alan Engberg - VP, Liquids Marketing
Conference Call Participants
Bernard Don - Truist
Umang Choudhary - Goldman Sachs
Leo Mariani - Roth MKM
Roger Read - Wells Fargo
Michael Scialla - Stephens
Paul Diamond - Citi
Jacob Roberts - TPH & Company
Doug Leggate - Bank of America
Operator
Welcome to the Range Resources Second Quarter 2023 Earnings Conference Call. All lines have been placed on mute to prevent any background noise.
Statements made during this conference call that are not historical facts are forward-looking statements. Such statements are subject to risks and uncertainties, which could cause actual results to differ materially from those in the forward-looking statements. After the speakers’ remarks, there will be a question-and-answer period.
At this time, I would like to turn the call over to Mr. Laith Sando, Vice President, Investor Relations at Range Resources. Please go ahead, sir.
Laith Sando
Thank you, operator. Good morning, everyone, and thank you for joining Range’s second quarter earnings call. The speakers on today’s call are Dennis Degner, Chief Executive Officer and Mark Scucchi, Chief Financial Officer.
Hopefully, you’ve had a chance to review the press release and updated investor presentation that we’ve posted on our website. We may reference certain slides on the call this morning. You will also note that our 10-Q can be found on Range’s website under the Investors tab or you can access it using the SEC’s EDGAR system.
We'll be referencing certain non-GAAP measures on today's call. Our press release provides reconciliation to these to the most comparable GAAP figures. We've also posted supplemental tables on our website that include realized pricing details by product, along with calculations of EBITDAX,, cash margins and other non-GAAP measures.
With that, let me turn the call over to Dennis.
Dennis Degner
Thanks, Laith and thanks to all of you for joining the call today. As we pass the midpoint of the year and shift our focus on the remainder of 2023, Range's business plan is on track, while we continue to make steady progress on key objectives. I believe this quarter's results reflect the resilience and durability of Range's business. Range's competitive cost structure, low capital intensity, liquids optionality, and thoughtful hedging allowed us to generate healthy full cycle margins despite cyclically low commodity prices.