Southwestern Energy Company (NYSE:SWN) Q2 2023 Earnings Conference Call August 4, 2023 10:30 AM ET

Company Participants

Brittany Raiford - Director of Investor Relations

Bill Way - President and Chief Executive Officer

Clay Carrell - Executive Vice President and Chief Operating Officer

Carl Giesler - Executive Vice President and Chief Financial Officer

Conference Call Participants

Charles Meade - Johnson Rice & Company

Douglas Leggate - Bank of America Merrill Lynch

Umang Choudhary - Goldman Sachs & Co.

John Annis - Stifel, Nicolaus & Company

Bertrand Donnes - Truist Securities, Inc.

Paul Diamond - Citigroup, Inc.

Arun Jayaram - JPMorgan Chase & Co.

Operator

Good morning, ladies and gentlemen, and thank you for standing by. Welcome to Southwestern Energy's Second Quarter 2023 Earnings Call. Management will open the call for a question-and-answer session following prepared remarks. In the interest of time, please limit yourself to two questions and re-queue for additional questions. This call is being recorded.

I will now turn the call over to Brittany Raiford, Southwestern Energy's Director of Investor Relations. You may begin.

Brittany Raiford

Thank you, Sarah. Good morning, and welcome to Southwestern Energy's second quarter 2023 earnings call. Joining me today are Bill Way, Chief Executive Officer; Clay Carrell, Chief Operating Officer; and Carl Giesler, Chief Financial Officer; and Dennis Price, Senior Vice President of Marketing & Transportation.

Before we get started, I'd like to point out that many of the comments we make during this call are forward-looking statements that involve risks and uncertainties affecting outcomes. Many of these are beyond our control and are discussed in more detail in the risk factors and the forward-looking statements sections of our annual report and quarterly reports as filed with the Securities and Exchange Commission. Although we believe the expectations expressed are based on reasonable assumptions, they are not guarantees of future performance. Actual results or developments may differ materially, and we are under no obligation to update them.

We may also refer to some non-GAAP financial measures, which help facilitate comparisons across periods and with peers. For any non-GAAP measures we use, a reconciliation to the nearest corresponding GAAP measure can be found in our earnings release available on our website.

I will now turn the call over to Bill Way.

Bill Way

Thank you, Brittany, and good morning, everyone. We appreciate you joining us today to discuss our second quarter operating and financial results. Southwestern Energy's strong quarterly performance reflects the disciplined execution of our strategy of responsibly and efficiently developing our Tier 1 dual basin inventory. We are generating long-term economic value for our shareholders by capitalizing on SWN's advantaged assets, scale, expertise and assured access to deliver our natural gas to premium markets of choice including LNG across the Gulf Coast. We believe the execution of our strategy translates our strong E&P business into greater economic returns and equity value for our shareholders.