Crescent Energy Co (NYSE:CRGY) Q3 2023 Earnings Conference Call November 7, 2023 11:00 AM ET
Company Participants
Emily Newport - IR
David Rockecharlie - CEO & Director
Brandi Kendall - CFO & Director
Conference Call Participants
Michael Scialla - Stephens Inc.
Neal Dingmann - Truist Securities
Roger Read - Wells Fargo Securities
John Abbott - Bank of America Merrill Lynch
Operator
Ladies and gentlemen, good morning, and welcome to the Crescent Energy Third Quarter 2023 Earnings Conference Call. [Operator Instructions]. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Emily Newport, SVP of Finance and IR. Please go ahead.
Emily Newport
Good morning, and thank you for joining Crescent's Third Quarter Conference call. Our prepared remarks today will come from our CEO, David Rockecharlie; and CFO, Brandi Kendall. Our Chief Accounting Officer, Todd Falk; and our Executive Vice President of Investments, Clay Rynd, will also be available during the Q&A session.
Today's call may contain projections and other forward-looking statements within the meaning of federal securities laws. These statements are subject to risks and uncertainties, including commodity price volatility, global geopolitical conflicts, 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 have no 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 a reconciliation of historical non-GAAP financial measures to the most directly comparable GAAP measure, please reference our 10-Q and earnings press release, which are available on our website.
With that, I will turn it over to our CEO, David.
David Rockecharlie
Good morning, and thank you for joining us to discuss our third quarter results. Our message is simple and direct today. This was a record quarter for the business, both operationally and financially. We are doing what we said we would do, generating strong free cash flow; investing capital with discipline and great returns; delivering exceptional operating performance, including meaningful capital efficiencies and reductions in emissions with a focus on continuous improvement of our operations, including stewardship of the environment and the communities in which we operate.
We're growing through accretive, opportunistic acquisitions, including the successful integration of $850 million of total transactions this year in our core Eagle Ford operating area. We're maintaining our strong balance sheet and growing capital markets presence as we continue to scale the business significantly. And we're consistently returning capital to our investors. This quarter's record results solidify that we have the right strategy, the right assets and the right execution in today's market environment to create significant, long-term value for our shareholders.