Southwestern Energy Company (NYSE:SWN) Q1 2023 Earnings Conference Call April 28, 2023 10:30 AM ET

Company Participants

Brittany Raiford - Director, Investor Relations

Bill Way - Chief Executive Officer

Clay Carrell - Chief Operating Officer

Carl Giesler - Chief Financial Officer

David Talley - Director of Origination

Conference Call Participants

Charles Meade - Johnson Rice

Scott Hanold - RBC Capital Markets

Doug Leggate - Bank of America

Arun Jayaram - JPMorgan

Bertrand Donnes - Truist Securities

Umang Choudhary - Goldman Sachs

Jeoffrey Lambujon - Tudor, Pickering, Holt

Nicholas Pope - Seaport Research

Paul Diamond - Citigroup

Subhasish Chandra - The Benchmark Company

Noel Parks - Tuohy Brothers Investment

Gregg Brody - Bank of America

Operator

Good morning, ladies and gentlemen, and thank you for standing by. Welcome to Southwestern Energy's First 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. Good morning, and welcome to Southwestern Energy's First Quarter 2023 Earnings Call. Joining me today are Bill Way, Chief Executive Officer; Clay Carrell, Chief Operating Officer; and Carl Giesler, Chief Financial Officer.

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 and 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. Thank you for joining today. At Southwestern Energy, our approach to sustainable value creation is clear and consistent: apply capital and cost discipline to a portfolio advantaged assets in the two premier natural gas basins in the United States. We are focused on large-scale core Tier 1 natural gas and gas liquid assets where we can leverage our operating and commercial strength, and safely and responsibly deliver lower carbon natural gas to premium markets and generate superior economic value for our shareholders.