Crescent Energy Company (NYSE:CRGY) Q1 2022 Earnings Conference Call May 11, 2022 11:00 AM ET
Company Participants
David Rockecharlie – Chief Executive Officer
Brandi Kendall – Chief Financial Officer
Emily Newport – Senior Vice President, Finance and Investor Relations
Benjamin Conner - Executive Vice President, Investments
Conference Call Participants
Neil Davies – Truist Securities
Joseph McKay – Wells Fargo
Operator
Greetings. Welcome to Crescent Energy First 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. If anyone should require ussd assistance during the conference, [Operator instructions]. Please note, this conference is being recorded. I would now turn the conference over to Emily Newport, Senior Vice President of Finance and Investor Relations. You may begin.
Emily Newport
Good morning. And thanks you for joining CRGY First Quarter 2022 Earnings Call. Our prepared remarks today will come from our CEO, David Rockecharlie, and our CFO, Brandi Kendall, Chief Accounting Officer, Ben Conner and Clay Rynd, both Executive Vice President s are also here today, available during the Q&A. Today's call may contain projections and other forward-looking statements within the meaning of the federal security clause. These statements are subject to risks and uncertainties, including commodity plus volatility to continue the impact of COVID-19, geopolitical conflicts, including in Russia and Ukraine and other strategy.
And other factors that may cause actual results to defer 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, historical non-GAAP financial measures with most directly comparable GAAP measure, please reference our 10Q and earnings press release available on our website. With that, I will turn it over to David.
David Rockecharlie
Great. Thank you, Emily. And good morning, everyone. We appreciate you joining us today for our first quarter 2022 earnings call. This is our first quarter to report full consolidated results after our merger with Contango in December. We've been trading publicly as Crescent Energy for about five months, and we look forward to providing more details today on our results, as well as our outlook for the large and differentiated business we built. We will also take your specific questions at the end of our introductory remarks. Q1 was another solid quarter for our business. We've generated significant free cash flow and solid investment returns across our asset base. We maintained a strong balance sheet and remain focused on returning capital to shareholders through our fixed quarterly dividend.