Southwestern Energy Company (NYSE:SWN) Q1 2022 Earnings Conference Call April 29, 2022 10:30 AM ET
Company Participants
Brittany Raiford - Director, Investor Relations
Bill Way - President & Chief Executive Officer
Clay Carrell - Chief Operating Officer
Carl Giesler - Chief Financial Officer
Jason Kurtz - Head, Marketing and Transportation
Conference Call Participants
Charles Meade - Johnson Rice
Arun Jayaram - JPMorgan
Scott Hanold - RBC Capital Markets
Doug Leggate - Bank of America
Umang Choudhary - Goldman Sachs
Neal Dingmann - Truist Securities
Noel Parks - Tuohy
Operator
Good morning, ladies and gentlemen and thank you for standing by. Welcome to the Southwestern Energy First Quarter 2022 Earnings Call. All participants will be in a listen-only mode. [Operator Instructions] 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 and 2022 earnings call. Joining me today are Bill Way, President and Chief Executive Officer; Clay Carrell, Chief Operating Officer; Carl Giesler, Chief Financial Officer; and Jason Kurtz, Head of Marketing and 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 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 and actual results and 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 over the call to Bill Way.
Bill Way
Thank you, Brittany and good morning everyone. We appreciate all of you joining us today. Southwestern Energy entered 2022 strategically advantaged with enhanced and increased scale in the two premier US natural gas basins, a deepened and upgraded inventory, a strengthened financial profile, and a de-risked business.
We are sharply focused on generating increasing free cash flow by delivering the tangible benefits from our increased scale and we did just that in the first quarter. We closed on our second Haynesville acquisition at year end, making this our first quarter of reporting results from our expanded and upgraded complementary Haynesville and Appalachia portfolio. With operational integration complete, we delivered production at the high end of guidance including outperformance in Haynesville.