Crescent Energy Company (NYSE:CRGY) Q2 2022 Results Conference Call August 10, 2022 11:00 AM ET

Company Participants

Brandi Kendall - Chief Financial Officer

David Rockecharlie - Chief Executive Officer

Todd Falk - Chief Accounting Officer

Ben Conner - Executive Vice President

Clay Rynd - Executive Vice President

Conference Call Participants

Neil Davies - Truist Securities

Tarek Hamid - JP Morgan

Operator

Greetings. Welcome to Crescent Energy Second Quarter 2022 Results Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator instructions] Please note this conference is being recorded.

I would now turn the conference over to Brandi Kendall, Chief Financial Officer. Thank you, you may begin.

Brandi Kendall

Good morning. And thank you for joining Crescent's second quarter2022 earnings call. Our prepared remarks today will come from our CEO, David Rockecharlie, and myself; Todd Falk, Chief Accounting Officer; and Ben Conner and Clay Rynd, both Executive Vice Presidents are also here today and available during Q&A.

Today's call may contain projections and other forward-looking statements within the meaning of the federal security law. These statements are subject to risks and uncertainties, including commodity price volatility to continued impact of COVID-19, geopolitical conflicts, including in Russia and Ukraine, our business strategies and other factors that may cause actual results to differ from those expressed or implied in these statements, and our other disclosures.

We disclaim any obligation to update any forward-looking statements after today's call. In addition, today's discussion may include disclosure regarding non-GAAP financial measures. For reconciliation of historical non-GAAP financial measures to the most directly comparable GAAP measure, please reference our 10-Q and earnings press release available on our website.

With that, I will turn it over to David.

David Rockecharlie

Thanks, Brandi, and good morning everyone. We appreciate your joining us today for our second quarter 2022 earnings call. It's been less than a year since we began trading publicly as Crescent Energy, and we continue to be excited about the market opportunity ahead of us. For over a decade, our organization has maintained a consistent strategy based on cash flow, risk management, and investment returns, with the goal of creating long term value for shareholders through commodity cycles.

We believe now more than ever that Crescent remains exceptionally well positioned to execute on this strategy. We are pleased to share with you today's results, as this is our first full quarter including our recent Uinta Basin acquisition. As a reminder, we will also take your specific questions at the end of our remarks. Overall, our second quarter results were in line with our performance expectations as we focused on operations of our existing assets and the successful integration of our highly accretive Uinta Basin acquisition.