Range Resources Corporation (NYSE:RRC) Q4 2022 Earnings Conference Call February 28, 2023 9:00 AM ET

Company Representatives

Jeff Ventura - Chief Executive Officer

Dennis Degner - Chief Operating Officer

Mark Scucchi - Chief Financial Officer

Alan Farquharson - Senior Vice President

Laith Sando - Vice President, Investor Relations

Conference Call Participants

Jacob Roberts - TPH&Co

Umang Chaudhry - Goldman Sachs

John Abbott - BofA

Paul Diamond - Citi

Neal Dingmann - Truist Securities

Arun Jayaram - J.P. Morgan

David Deckelbaum - Cowen

Operator

Welcome to the Range Resources, Fourth Quarter 2022 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.

Laith Sando

Thank you, operator. Good morning, everyone, and thank you for joining Range's year end earnings call. The speakers on today's call are Jeff Ventura, Chief Executive Officer; Dennis Degner, Chief Operating 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 of those slides on the call this morning. You will also find our 10-K on Range's website under the Investors tab or you can access it using the SEC's EDGAR system.

Please note, we'll be referencing certain non-GAAP measures on today's call. Our press release provides reconciliations of these to the most comparable GAAP figures. For additional information, we've posted supplemental tables on our website to assist in the calculation of EBITDAX, cash margins and other non-GAAP measures.

With that, let me turn the call over to Jeff.

Jeff Ventura

Thanks Laith and thanks everyone for joining us on this morning's call. While front month natural gas prices have no doubt wavered over the past couple of months, Range’s operations have remained consistent. We've made steady progress on key objectives and our business is more resilient today than at any point in the company's history.

In 2022 Range successfully managed a great opportunity the natural gas markets presented us with. We delivered our operational plans safely and with peer leading efficiencies, we generated record free cash flow, materially strengthened our financial position and returned significant capital to shareholders.